Business & Finance

Noy’s assets worth P50-M, Binay P58-M

MANILA — The public is expected to monitor the wealth of President Benigno Aquino III considering that his predecessor, Read more

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Economy

AARP Foundation Tax-Aide availabl

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WASHINGTON — Now through April 15, 2019, AARP Foundation is providing free tax assistance and pr

Friday, 15 February 2019 Comments

Business & Travel

PH-U.S. trade in agriculture prom

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Agriculture Attaché Dr. Josyline Javelosa (center) with visiting Kansas Corn Collegiate Academy St

Friday, 26 July 2019 Comments

Investments

11th Annual New York City Real Es

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MELISSA COHN

Friday, 13 September 2019 Comments

imf-reuters-640x480

 

The International Monetary Fund said it expects that growth in the Philippines will average 7 percent in 2010 and 5 percent in 2011.

“The near-term outlook is favorable,” The IMF said in a statement. “Inflation is expected to remain within the target range this year and next, and the balance of payments to stay in surplus.”

The Philippines will need to manage rising capital inflows to avoid asset-price inflation and economic swings, the report said. Monetary policy has helped to keep inflation low and the country’s central bank is in a position to take action to forestall liquidity and price pressures.

“The key challenge going forward is to sustain the recovery and strengthen the pace and quality of sustainable growth,” the IMF said. “The fragile global economic environment remains a key risk to the outlook.”

The IMF said fiscal consolidation will help the Philippines preserve budget room to respond to future shocks.

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