MANILA, June 2 - The Philippines will not slip into recession this year as the economy is expected to grow in the second quarter, boosted by government spending, a senior official said on Tuesday. Dennis...
MANILA, May 28 - An easier monetary policy will help support growth in the Philippine economy, which is now teetering on the brink of recession, the socio-economic planning chief said on Thursday. "Loosening monetary policy...
MANILA, May 28 - The Philippines may witness an economic recession this year if a downtrend in leading indicators continued, a senior government official said. "If this trend continues we may slip into recession," Romulo...
MANILA, May 28 - The Philippine government on Thursday revised GDP growth in the fourth quarter of 2008 to an annual 2.9 percent from the previously announced 4.5 percent. The government also said full year...
MANILA, May 26 - Philippine imports in March fell from a year earlier at a record pace, hit by weak demand for electronics parts largely used in export products, deflating optimism that global demand may...
MANILA, May 26 - Philippine imports in March plunged 36.2 percent from a year earlier as shipments of its single biggest import, electronic parts, remained dismal, the government said on Tuesday. The fall was higher...
MANILA, May 25 - The Philippines may raise its 2009 budget deficit target from 199.2 billion pesos ($4.24 billion), or 2.5 percent of GDP, Finance Secretary Margarito Teves said on Monday. "We might have to,"...
SINGAPORE, May 22 - The Philippine central bank intervened in the currency market on Friday by buying U.S. dollars to contain the peso's appreciation against a broadly weaker dollar, traders said. "BSP is on the...
MANILA, May 21 - The Philippine government is confident that GDP growth in 2009 will come in the target range of 3.1-4.1 percent, Socio-Economic Planning Secretary Ralph Recto said on Thursday. "We are confident of...
MANILA, May 21 - Philippine GDP growth in the first quarter of the year was likely to have come in between 1.8-2.8 percent year-on-year, Socio-Economic Planning Secretary Ralph Recto said on Thursday. He told reporters...