Manufacturing growth cools in Dec.

FACTORY PRODUCTION grew at its slowest pace in three months in December due to seasonal factors and a decline in trade performance, economists said. Preliminary results of the Philippine Statistics Authority’s (PSA) Monthly Integrated Survey of Selected Industries (MISSI) showed manufacturing, as measured by the volume of production index (VoPI), expanded by 4.8% year on […]

UN says strong domestic demand to support Philippine growth this year 

STRONG DOMESTIC DEMAND may help support Philippine economic growth this year despite a potential global recession, according to the United Nations (UN). “There’s still a fairly good outlook for the Philippines as a whole. What supports the Philippines’ performance is still a very strong domestic economy which allows growth to be supported from that angle,” […]

Mazda Production and Sales Results for December 2022 and for January through December 2022

TOKYO, Jan 31, 2023 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for December 2022 and for January through December 2022 are summarized below. I. Production 1. Domestic Production (1) December 2022Mazda’s domestic production volume in December 2022 decreased 20.2% year on year due to decreased production of passenger vehicles. […]

Philippine growth best since 1976

By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES weathered record inflation and interest rate increases last year by posting the fastest economic growth since 1976 — one of the strongest in Asia amid a dreary global outlook. Economic output grew by 7.2% in the three months through December from a year earlier, according to […]

‘Hot money’ flows turn net positive in 2022

FOREIGN portolio investment funds entering the Philippines outweighed those exiting in 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, representing a turnaround from the net outflow posted in 2021. Foreign portfolio investments registered with the central bank through authorized agent banks (AABs) posted a net inflow balance of $886.7 million last year, against […]

Marcos claims PHL tagged as part of Asia’s ‘VIP Club’ in WEF

PRESIDENT Ferdinand R. Marcos, Jr. at the weekend touted that global business and political leaders have tagged the Philippines as part of a so-called “VIP Club” of Asia due to its economic performance, which the government hopes would translate to more foreign investments.  The Philippines’ participation in the World Economic Forum (WEF) in Davos, Switzerland […]