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Category: Business

OECD sees PH economy growing by 5.6% in 2023

The Organisation for Economic Cooperation and Development (OECD) forecasts the Philippine economy to grow by 5.6 percent this year. “A key growth driver in the second half of 2023 will be a strong rebound in government spending, from its

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DICT inks P5.6-B int’l gateway investment with Japan

Department of Information and Communications Technology (DICT) Secretary Ivan John Uy has reported that Japan’s telecom giant IPS Inc. has earmarked an additional USD100 million (PHP5.6 billion) in new investments into the Philippines for 2023 to 2024…

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Indonesia expects 3% inflation in late 2023

Indonesia’s inflation is among the lowest worldwide, with the Consumer Price Index (CPI) inflation falling more quickly and returning closely to its target of 3%, said a local official.Bank Indonesia (BI) Governor Perry Warjiyo was quoted by local med…

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Philippines sets ceiling on rice prices

The Philippines has imposed ceilings on rice prices across the country amid an “alarming” increase in retail costs of the staple grain and reports of hoarding by traders.This is a measure to stabilise the price of the main commodity

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