MANILA, June 10 - The Philippine government slashed on Wednesday its economic growth target this year to 0.8-1.8 percent from a previous goal of 3.1-4.1 percent, according to new estimates released by an inter-agency body....
MANILA, June 10 -The Philippines recorded a net outflow of $27 million in foreign investment in March amid the global downturn, causing inflows to fall more than 83 percent in the first quarter from a...
MANILA, June 7 - The Philippine economy, which contracted at its fastest pace in two decades in the first quarter, will not slip into recession this year, central bank Governor Amando Tetangco said at the...
MANILA, June 5 - The Philippine central bank said on Friday scope for further monetary easing continued after annual inflation in May slowed to an 18-month low of 3.3 percent. "This further confirms the central...
MANILA, June 5 - Philippine annual inflation eased to a 18-month low of 3.3 percent in May, below market estimates, the statistics office said on Friday. Inflation in April was at 4.8 percent from a...
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...