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The Economic Scene

PH seen to sustain 4-5% growth this decade

Growth-wise, the Philippine economy is performing in the middle of the pack in Southeast Asia, where United States-based management consulting firm Bain & Company sees a rosy picture for the rest of this decade. In a joint report released in partnership with Singapore-based Monk’s Hill Ventures, Bain & Company said

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ADB Raises 2022 Growth Forecast for the Philippines

MANILA, PHILIPPINES  — The Philippine economy is forecast to grow faster than initially expected in 2022, following the relaxation of COVID-19 mobility restrictions in the country, the expansion of the COVID-19 vaccination program, and a rebound in investment and household consumption, according to a report released today by the Asian

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OECD: PH economy to grow fastest in SEA in 2022

The Organization for Economic Cooperation and Development (OECD), the bloc of rich nations, expects the Philippine economy to grow fastest in Southeast Asia this year, even as its labor market could take time to recover due to the scarring inflicted by the COVID-19 pandemic. In its “Economic Outlook for Southeast

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Ukraine war fallout: higher yields for gov’t borrowings

The Bureau of the Treasury (BTr) on Monday (Feb. 28) rejected all T-bill bids as rates climbed across-the-board amid uncertainties wrought by a combination of the Ukraine-Russia war, higher domestic inflation, plus the US Federal Reserve’s forthcoming interest rate hike. Monday’s Treasury bill auction was the first domestic borrowing for

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Stocks up ahead of yearend window dressing; peso weakens

The Philippine Stock Exchange index (PSEi) started the week higher amid the quiet session during the Christmas holiday, but the peso weakened against the US dollar. The main equities index rose by 1.02 percent, or 72.94 points, to 7,254.80 points. All Shares followed with a jump of 0.54 percent, or

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