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Spending cutbacks to continue, say experts

Spending cutbacks to continue, say experts
businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.

FDI net inflows drop to 41-month low in September

The country’s net foreign direct investment (FDI) plunged to its lowest level in 41 months, according to the September 2023 data released by the Bangko Sentral ng Pilipinas (BSP) on Monday. The data showed total net FDI inflows amounted to $422 million in September 2023, the lowest since the $314…

August remittances rise 2 7%; 8-month total $21 58 billion • Cai U Ordinario

CASH remittances sent from Filipinos abroad exceeded expectations as inflows from the country’s modern-day heroes grew 2.7 percent in August, according to data from the Bangko Sentral ng Pilipinas (BSP). The BSP said cash remittances sent through banks reached $2.8 billion, higher than the $2.72 billion in the same month the previous year. In the

Higher-than-target 2021 inflation expected | Tyrone Jasper C Piad

THE Philippines missing its full-year inflation target was not surprising because of higher pork prices, continued supply chain constraints and fourth-quarter spending surge, according to economists. Average consumer prices for 2021 settled at 4.5 percent, the Philippine Statistics Authority (PSA) reported on Wednesday, which is above the 2-4 percent government…

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