June FDI net inflows at four-year low
JOHN GUCCIONE-PEXELSBy Aaron Michael C. Sy, ReporterPHILIPPINE foreign direct investment (FDI) net inflows sank to an over four-year low in June amid lower placements across all instruments, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.The inflows fell by 29%
July trade gap widest in 16 months
BW FILE PHOTO By Beatriz Marie D. Cruz, ReporterTHE PHILIPPINES in July posted its widest trade deficit since March 2023 as imports grew at their fastest clip in three months, outpacing the uptick in exports, the Philippine Statistics Authority (PSA) reported
Philippines may miss out on demographic dividend as job creation stays weak
PHILIPPINE STAR/JOHN RYAN BALDEMORBy Chloe Mari A. Hufana, ReporterTHE PHILIPPINES’ one-year high unemployment rate in July highlights the economy’s inability to absorb workers into the labor force, which may result in the country missing out on the benefits of its
Gov’t spending, domestic demand to drive economy
PHILIPPINE STAR/ WALTER BOLLOZOSTHE PHILIPPINE ECONOMY may grow above 6% this year and next, fueled by government spending, private consumption and strong external demand, although inflation risks and a potential slowdown in major trading partners like the US and China
Airlines call for smooth NAIA terminal transition; NNIC assures gradual shift
PHILSTARIMPLEMENTING terminal reassignments at Ninoy Aquino International Airport (NAIA) will need adequate time to ensure a smooth transition and minimal disruption to passengers, local airlines said on Tuesday.“To ensure a seamless transition with minimal disruption to passengers, a thorough consultative