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Philippines total external trade drops by 5.4 pct in November
MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»
Climate shocks on inflation can last up to 4 years – BSP
Climate-related inflation shocks may be felt for up to four years, causing a pronounced hike in headline inflation, a study by the Bangko Sentral ng Pilipinas Research Academy showed......»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
Philippines total external trade shrinks by 15.4 pct in March
MANILA, May 8 (Xinhua) -- The Philippines' total external trade in goods recorded a year-on-year decrease of 15.4 percent in March to 15.44 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Wednesday. Of the total external trade in March, 60.3 percent were imported goods, while the rest were exported goods, the agency said. The PSA data showed the trade deficit in March amounted to 3.....»»
Philippines total external trade up 9.7 pct in February
MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods increased by 9.7 percent in February to 15.46 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday. Of the total external trade in February, 61.8 percent were imported goods, while the rest were exported goods, the agency said. The PSA said the deficit of trade in goods amounted to 3.65 billion dollars,.....»»
Hot weather to prevail nationwide on Saturday — Pagasa
MANILA, Philippines — Hot weather and high humidity are expected nationwide on Saturday, according to the state weather bureau. However, isolated rain showers and thunderstorms could still occur in the afternoon and evening, according to Ana Clauren-Jorda, weather specialist of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa). “We will continue to experience hot.....»»
Metro Cebu will have generally fair weather until weekend — Pagasa Mactan
CEBU CITY, Philippines — Metro Cebu will experience “generally fair weather” until Monday, March 4, according to a weather specialist in Mactan. Jhomer Eclarino, weather specialist of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) in Mactan, confirmed this to CDN Digital on Thursday, February 29. Eclarino said that the temperature will range from.....»»
Cebu weather: Pagasa forecasts slightly to moderate conditions
CEBU CITY, Philippines – Cebu weather is forecasted to be a continuation of slight to moderate conditions with potential heat index concerns in Metro Cebu and the rest of the province the weather bureau based in Mactan said. In its issued weather outlook on May 18, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA).....»»
Extreme weather, economic downturn top risks for Philippines – WEF
Extreme weather events, an economic downturn and shortage in energy supply are the top risks seen in the Philippines for the next two years, according to the World Economic Forum......»»
PPP mode draws interest from Swedish businesses
Businesses in Sweden are open to investing in the Philippines via public-private partnerships amid improving macroeconomic fundamentals and business climate......»»
Index to retest resistance level
Improving macroeconomic fundamentals gave the index much needed upward momentum last week......»»
Cebu weather: Generally fair in next five days says Pagasa
CEBU CITY, Philippines – Cebu weather will be generally fair with sunny skies for the next five days, Pagasa-Mactan said on its latest updates. Engineer Al Quiblat, chief of the Philippine Atmospheric, Geophysical and Astronomical Services Administration Mactan (Pagasa-Mactan), said that Cebu will have generally fair weather with sunny skies occasionally turning partly cloudy or.....»»
Strong GDP expansion gives BSP room to further hike rates
he impressive economic growth posted by the Philippines in 2023 will give the Bangko Sentral ng Pilipinas more space to further raise interest rates in case of shocks, according to economists......»»
Toral: Philippine economy continues to expand amidst external pressures
Toral: Philippine economy continues to expand amidst external pressures.....»»
Toral: Philippine economy continues to expand amidst external pressures
Toral: Philippine economy continues to expand amidst external pressures.....»»
Chinese economy to moderate in 2024: ADB
Manila [Philippines], April 12 (ANI): The Chinese economy is forecast to grow 4.8 per cent in 2024, amid a recovery of household consumption, ongoing property market adjustment, and weak external demand, according to the latest report published by the Asian Development Bank (ADB). The growth in the Asian economy is projected to moderate from a 5.2 per cent expansion last year. An uncertain external macroeconomic environme.....»»
Coast guard ship visit highlights shared problems for PH, India — external affairs minister
The arrival of the Indian pollution control vessel in Manila brought attention to the shared challenges in marine pollution encountered by both India and the Philippines, according to India’s external affairs minister......»»
India’s external affairs minister to visit Philippines
India’s Minister of External Affairs Subrahmanyam Jaishankar will undertake his second visit to the Philippines from March 25 to 27, the Department of Foreign Affairs said......»»
Further improvement in Philippines external position seen
The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»
Philippine economy growth may reach 6-7 pct in 2023: Marcos
© Provided by Xinhua With robust growth, better management of overall inflation, and a decrease in unemployment rates, the Philippines has "gotten back on its feet from the reeling effect of the pandemic and the subsequent shocks," Philippine Preside.....»»