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Hot money net inflows only $887M, way below $3.5B target
Although this reversed the net outflow of $574.5 million recorded in 2021, the net inflow was way below the revised $3.5 billion target set by the Bangko Sentral ng Pilipinas (BSP).
GDP expands 7.6% in 2022, fastest in nearly 50 years
The Philippine economy expanded in 2022 by 7.6 percent, exceeding the government’s target and thus far the fastest growth among emerging Asian economies, helped by strong consumer consumption amid a so-called “revenge spending” and a robust services sector.
Q3 2022 GDP growth maintained at 7.6%
The government has retained the projected local output growth measured as the gross domestic product (GDP) at 7.6 percent in the third quarter of 2022, according to National Statistician Dennis Mapa.
Heart ailments leading cause of death among Filipinos
Ischemic heart diseases—the weakening of the heart caused by reduced blood flow—remain the leading cause of death in the Philippines, accounting for nearly one in every five deaths between January and September last year, latest data from the Philippine Statistics Office show.
BSP chief sees below 2% inflation in early 2024
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla expects inflation falling below the lower end of the government’s two- to four-percent target range early...
