Local factors seen to drive growth

February 14, 2019
In his presentation during the 2019 ING Financial Markets Annual Research roadshow in Makati Tuesday, ING Bank Manila senior economist Nicholas Mapa said he expects the economy to post a 5.8 percent growth in the first quarter this year, slower than the 6.1 percent in the last quarter of 2018.

Capacity building, output boost to push exports

February 14, 2019
Department of Trade and Industry (DTI) Secretary Ramon Lopez told reporters Tuesday that the 1.8-percent decline in exports in 2018 was mainly due to external factors such as softening global demand and the impact of trade friction between the United States and China.

Why is Singapore an attractive business destination?

January 30, 2019
Singapore is a city-state that has an important role as a global business hub. Stability, good business policy, easy company formation, and low taxes are the main reasons why Singapore is an attractive business destination. Foreign companies, as well as investors in Asia, find it convenient to open their headquarters or business here, making Singapore a well-known business and trading center that also enjoys a good location in Asia.

GAC Motor Returns to NADA To Meet North American Dealers

January 29, 2019
SAN FRANCISCO -- Automaker GAC Motor has returned to the National Automobile Dealers Association Show (NADA), the premier showcase of auto products, services and technologies being held from January 25 to 27 in San Francisco, to connect with dealers in North America as it continues to advance its plans to enter the market.

Top economists see 7.2% growth

January 28, 2019
The Philippine economy is forecast to make a comeback this 2019 with a range of 6.8 percent to 7.2-percent growth and an above-average expansion in the next two years, while it is poised to weather risks that are currently dampening other neighboring economies, according to a renowned Philippine-based economist.

Car importers report 17% sales drop

January 24, 2019
On Wednesday, the Association of Vehicle Importers and Distributors (AVID) reported that sales of both passenger car and light commercial vehicle segments were down last year by 22 percent and 14 percent, respectively.

Economy to grow 6.8%-7.2% this year

January 16, 2019
The Philippine economic growth trajectory is expected to pick up this year, growing between 6.8 percent and 7.2 percent on an upturn in consumption spending amid improving inflation outlook, the First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said Tuesday.

Local carmakers’ sales down 16%

January 15, 2019
The overall sales of local carmakers dropped by 16 percent in 2018, greater than its projected 14-percent decline for the year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) reported.