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Category: Business

Oil prices dip on bleak economic data from China

Oil prices inched lower on Wednesday, influenced by weak economic data from China, the world’s largest oil importer. International benchmark Brent crude traded at USD84.86 per barrel at 10.30 a.m. local time (0730 GMT), a 0.04 percent drop from

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Finance chief optimistic of reaching 6% GDP growth target

Department of Finance (DOF) Secretary Benjamin Diokno said this year’s economic growth target is within reach, citing the government’s aggressive “catch-up” plans. “[The] 6.0 percent gross domestic product (GDP) growth target for 2023 remains achievab…

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Recovering Duty Free PH posts $54.1M sales Jan-July

The Duty-Free Philippines Corporation (DFPC), an attached Department of Tourism (DOT) agency, has recorded USD54.1 million in sales for the first seven months of 2023. Based on its latest data released Aug. 11, the DFPC said the figure is 43.8 percent…

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