Speculative investments that flowed inward on net basis in 2022 reverted to a net outflow last year when interest-sapping high inflation helped make the Philippines one of the more costly places to make an investment in 2023.
The Philippines is seen growing its economy at a rate faster than six percent in terms of the gross domestic product (GDP) between this year and 2026, the financial information and analytics firm S&P Global recently reported.
The Philippines in 2023 is projected to post growth, measured as the gross domestic product (GDP), averaging lower than the official growth target of 6 to 7 percent to only 5.7 percent, according to the Asian Development Bank.
Foreign direct investments (FDI), useful both as a measure of and as vehicle for economic advancement, flowed inward on net basis in the first 10 months last year but stood 17.5 percent lower to only USD6.5 billion, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
Food-driven price pressures figure high in some of this year's inflation forecasts, such as that seen by the Metropolitan Bank and Trust Co. (Metrobank) which has retained its original 4.3 percent inflation print in 2024.
The Department of Agriculture (DA) will step up market inspections to ensure retailers follow the P43 per kilogram suggested retail price (MSRP) for imported rice, despite the ongoing suspension of rice imports.
The Securities and Exchange Commission (SEC) is advancing efforts to improve transparency in corporate ownership by proposing new rules requiring companies to disclose detailed information about their beneficial owners and the types of control they exercise.
Global real estate services firm Jones Lang LaSalle Inc. (JLL) has partnered with Mindanao-based developer Damosa Land Inc. to serve as its exclusive strategic advisor for current and future projects.
The Philippine Airlines (PAL) is ramping up its flight schedules and aircraft capacity to meet strong demand for international travel during the upcoming 2025 holiday season.