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Below-target PhilHealth membership in poor provinces ‘concerning’ – PIDS
The membership-to-population coverage of state-run Philippine Health Insurance Corp. (PhilHealth) in the poorest provinces is only a little over half of the target 100-percent healthcare coverage guaranteed under the law, according to a study of state think tank Philippine Institute for Development Studies (PIDS).
Electronic fund transfers stood a shade under P10 trillion in 2022
Electronic fund transfers via the PESONet and InstaPay nearly touched P10 trillion last year, jumping by 37.3 percent to hit P9.94 trillion from P7.24 trillion in 2021.
Philippines as net borrowing state improves in Q2-2022
The country’s status as one who borrows from rather than lends to neighbors on the global stage improved substantially in the second quarter of 2022.
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.
