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Philippines
Wednesday, June 26, 2024

Economy & Trade

PH to attain upper-mid income status by 2026

The Philippines will likely reach upper-middle-income country (UMIC) status by 2026, as the economy continues to be driven by private consumption spending and the services sector, the World Bank said in a report Monday. It said, however, human capital development lagged economic growth in the Philippines. “Between 2011 and 2019, economic growth increased to an average of 6.3 percent year-on-year. Growth was pro-poor, job-rich, carbon efficient, and spatially balanced. Although the...

PEZA reports investment leads from at least 5 Japan companies

The Philippine Economic Zone Authority (PEZA) said it generated major foreign direct...

PH addresses Japan firms’ VAT concerns

The Philippine economic team reassured Japanese investors that the proposed changes to...

PH presents case to R&I for rating upgrade

The Philippines made a strong case for a credit rating upgrade during...

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October inflation in the US cooled to 7.7%, but still at decades high

Washington, United States—US consumer prices cooled in October but remained at decades-high levels, according to government data released Thursday, keeping the pressure on President...

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