PH debt now 48.1 percent of GDP and growing

MANILA, Philippines—The share of the national government’s debt to gross domestic product (GDP) climbed to 48.1 percent at the end of the first half of the year as the economy fell into a recession while payables surged to a new high in June, Department of Finance (DOF) data released on Friday (Aug. 7) showed. Based […]

Inflation quickens to 2.7 percent in July

MANILA, Philippines — The country’s headline inflation “continued to exhibit a faster pace” as it picked up to 2.7 percent in July, the Philippine Statistics Authority (PSA) said Wednesday. This brings the year-to-date inflation for 2020 at 2.5 percent, according to...