Economy may grow above 6 percent – Fitch Fitch
MANILA, Philippines — Fitch Ratings sees the Philippine economy growing above six percent over the medium term, enough to affirm the country’s investment grade BBB credit rating and stable outlook.
Inflation latest news
Some good news
In the past months, investors have been confronted with a spate of bad news that weighed on market performance. Locally, we saw the country’s disappointing GDP growth in the second quarter of the year, which came on the back of high inflation and the contraction in government spending.
Economist divided over BSP policy direction
MANILA, Philippines — Economists are torn over whether the Bangko Sentral ng Pilipinas (BSP) will deliver another rate hike or leave key policy rates untouched after the government released lower-than-expected inflation in October and stronger-than-anticipated economic expansion in the third quarter.
Chinese vessels in high-seas chase of Philippine boat with media
SOUTH CHINA SEA: As a Philippine Coast Guard rubber boat carrying journalists sped towards Filipino troops on a grounded navy vessel in the disputed South China Sea, three Chinese speed boats gave chase.The high seas pursuit near Second Thomas Shoal in the Spratly Islands on Friday ended when Philippine Navy inflatable speed boats deployed from the crumbling BRP Sierra Madre and blocked the approaching Chinese vessels.
Lawmakers, ambassadors slam China for firing water cannon at PH resupply boat
Metro Manila (CNN Philippines, November 10) – Lawmakers and some ambassadors condemned China’s coast guard and militia for firing a water cannon again at a Filipino supply boat headed for the Ayungin Shoal on Friday.
Chinese vessels in high-seas chase of Philippine boat with media
SOUTH CHINA SEA, unidentified — As a Philippine Coast Guard rubber boat carrying journalists sped towards Filipino troops on a grounded navy vessel in the disputed South China Sea, three Chinese speed boats gave chase.
Diokno highlights PH’s faster economic growth, brighter prospects at Reuters NEXT
NEW YORK CITY, USA – Finance Secretary Benjamin E. Diokno has highlighted the Philippines’ faster economic growth and brighter prospects in a conversation with global news agency Reuters on November 9, 2023 in New York.
Economy recovers after slow quarter
(UPDATE) THE Philippine economy grew by a better-than-expected 5.9 percent in the third quarter, the government reported on Thursday, with a rebound in state spending said to have particularly factored in the acceleration.