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Biden kicks off campaign touting US economy

Agence France-Presse
Posted at Mar 29 09:17 AM

President Biden launched a drive to promote a theme of his expected reelection campaign, touting what he said was a resurgence of US manufacturing. Read more »

Philippines' gross int'l reserves level dips to $98.2-B in February: BSP

ABS-CBN News
Posted at Mar 21 09:17 AM

The country's gross international reserves level dipped in February, the Bangko Sentral ng Pilipinas said on Tuesday. Read more »

BSP forecasts lower BOP deficits in 2023 and 2024

ABS-CBN News
Posted at Mar 17 07:11 PM

The Bangko Sentral ng Pilipinas said the country will likely post a smaller balance of payments deficit this year next year compared to 2022. Read more »

Philippine economy likely to expand by 5.5 percent in 2023, says Fitch

ABS-CBN News
Posted at Mar 08 10:18 AM

The Philippine economy is expected to stay resilient this year, Fitch Ratings Director For Asia Pacific Banks Tamma Febrian said. Read more »

Philippines' gross int'l reserves level slightly lower at $99.3-B in February

ABS-CBN News
Posted at Mar 08 09:11 AM

The Philippines' gross international reserves (GIR) settled at $99.3 billion as of the end of February, data from the Bangko Sentral ng Pilipinas showed. Read more »

China sets modest 2023 GDP goal of some 5% after COVID

Maya Kaneko, Kyodo News
Posted at Mar 05 11:51 PM

China set a modest gross domestic product growth target for 2023 at around 5 percent after missing its goal last year due to the economic fallout from its now-ended 'zero-COVID' policy. Read more »

NCR, Bulacan among areas at risk of climate damage: report

Rowegie Abanto, ABS-CBN News
Posted at Feb 25 12:54 PM

Metro Manila and Bulacan are among the top 10 areas in the Philippines at risk of climate damage to the built environment, with Pangasinan topping the list. Read more »

PH books $3.1-B BOP surplus in January; gross reserves up

ABS-CBN News
Posted at Feb 20 04:49 PM

The Philippines booked a $3.1 billion balance of payments (BOP) surplus in January 2023, the Bangko Sentral ng Pilipinas said on Monday. Read more »

PH economy may 'slip' below target in 2023: ING Bank

Jessica Fenol, ABS-CBN News
Updated as of Feb 09 01:03 PM

The Philippine economy is expected to grow by 5 percent in 2023, lower than the government target and the pent up demand-driven expansion last year due to existing headwinds and as consumers refocus on building their savings, ING Bank Manila said on Thursday. Read more »

Philippines' foreign reserves at $99.7-B in January

ABS-CBN News
Posted at Feb 08 08:43 AM

The Philippines' gross international reserves level rose to $99.7 billion as of the end of January, according to data released by BSP. Read more »

Indonesian economic growth rises to nine-year high

Agence France-Presse
Posted at Feb 06 03:38 PM

Indonesia's economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, owing to soaring commodity prices and easing Covid-19 curbs. Read more »

Lawmaker slams GDP growth, cites continued hardship of ordinary Filipinos

RG Cruz, ABS-CBN News
Posted at Jan 31 02:09 AM

A lawmaker has criticized the Philippine government for touting the growth in the country's gross domestic product, citing the hardships of ordinary Filipinos. Read more »

PH economy grew 7.6 pct in 2022

ABS-CBN News
Updated as of Jan 26 09:56 PM

The Philippine economy expanded at its fastest rate in over forty years in 2022 thanks to revenge spending. Read more »

'Pagpaparamdam na lumalakas ang ekonomiya, hamon sa gobyerno'

ABS-CBN News
Posted at Jan 26 08:57 PM

Sinabi ng ilang ekonomista na hamon para sa pamahalaan na maiparamdam ang mga pag-unlad na ito sa karaniwang tao. Read more »

PH economy exceeds target, grows 7.6 percent in 2022

ABS-CBN News
Updated as of Jan 26 03:53 PM

The 7.6 percent GDP growth for the year exceeded the 6.5 to 7.5 percent target set by economic managers and the median analyst forecast of 6.8 percent. Read more »

Philippine economic growth likely hit target of 7.5 percent in 2022: economist

ABS-CBN News
Posted at Jan 25 11:33 AM

The Philippine economic growth could have reached the target of 7.5 percent in 2022, with the fourth quarter growth pegged at 6.8 percent, according to Security Bank AVP and Chief Economist Dan Roces. Read more »

China's 2022 growth seen as its lowest in 40 years

Sébastien Ricci with Luna Lina, gence France-Presse
Posted at Jan 16 09:09 AM

China's economic growth for 2022 is expected to have been among its weakest in 4 decades, analysts said. Read more »

'Worst is over': Medalla says inflation may revert within target by Q3

Jessica Fenol, ABS-CBN News
Posted at Jan 12 11:01 AM

BSP Governor Medalla said the worst could be over for inflation as signs of depreciation are observed. Read more »

Philippine economy seen to grow by 5.5 pct in 2023

ABS-CBN News
Posted at Jan 11 11:07 AM

The Philippine economy is seen to grow by 5.5 percent this year as laggard industries during the pandemic continue to pick up, an economist said. Read more »

BOP posts $756M deficit in Nov; GIR level hits $95.1B

ABS-CBN News
Posted at Dec 20 09:28 AM

The country's balance of payments (BOP) posted a deficit of $756 million in November 2022, higher than the $123 million deficit recorded in the same comparable period, data from the Bangko Sentral ng Pilipinas showed. Read more »