Manufacturing Purchasing Managers’ Index (PMI) of select ASEAN economies, January 2023

Source: BusinessWorld

Manufacturing activity continued to improve at the start of 2023 with the Philippine purchasing managers' index (PMI) gaining for a third month in a row...

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The Philippine Economic Zone Authority (PEZA) greenlit P6.39 billion worth of investments in January, which includes the development of an information technology (IT) center in Makati City...

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The peso is likely to depreciate further for the third straight year in 2023, hitting the 57 to a dollar level anew, according to two global financial institutions...

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Global banking giant Citi sees the Philippines achieving its economic growth target for this year, albeit at a slower pace, as the Bangko Sentral ng Pilipinas (BSP) is expected to further hike interest rates to tame inflation...

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The field trial on the vaccine to contain the African swine fever (ASF) will be conducted in the country as its proponent requested the Department of Agriculture's (DA) assistance in facilitating the testing...

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The Philippines’ first virtual model Berlina debuted on December 23, 2022. Shortly after, the account received a lot of backlash from Filipinos...

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The Philippines and the United States have reached an agreement to build and operate four more new facilities in military bases located in strategic areas in the country, the Department of National Defense (DND) said on Thursday...

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The future of the Philippines will always involve the United States (US), President Ferdinand "Bongbong" Marcos Jr. said Thursday, as he cited the "terribly complicated" geopolitical situation, particularly in the Asia-Pacific region...

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Philippine Ambassador to the United States Jose Manuel Romualdez said the Enhanced Defense Cooperation Agreement (EDCA) between the Philippines and the United States is not directed at any country, including China...

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The Philippines has one of the highest dog and cat ownership rates in Asia, and this is seen to drive pet food sales to expand nine percent this year, the United States Department of Agriculture (USDA) said...

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The International Finance Corp. (IFC) called for a greater push for more private investments in Asia and the Pacific to create jobs and boost output, especially in the outlay-starved infrastructure sector, as the region anticipates the impact of an expected global slowdown...

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About 77% of mobile internet users in the Philippines socialize more online than in person, making Filipinos the most virtually social among Asians, according to a study on digital adoption in Asia by global telecommunications company Telenor...

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China did not only sustain but even stepped up its patrols in the South China Sea last year, including in the waters of the two features owned or claimed by the Philippines, but which it is also disputing...

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Visiting Defense Secretary Lloyd Austin III will meet with President Ferdinand Marcos Jr. and Defense Secretary Carlito Galvez Jr. today...

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A United Nations-led plan to tackle climate change by radically improving the way heat-trapping atmospheric pollutants are measured all over the planet is being given serious consideration by governments and the international scientific community, the World Meteorological Organization (WMO) said on Wednesday...

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China on Thursday said the United States' military posture in the region escalates tension and undermines regional peace and stability...

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America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools, but signaled the battle is not yet over...

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Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a US-based blockchain analytics firm said in a report on Wednesday.

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Myanmar's military authorities announced a six-month extension to a state of emergency on Wednesday, effectively delaying elections the junta had pledged to hold by August, as they battle anti-coup fighters across the country...

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Democratic standards worldwide improved slightly in 2022 after the lifting of coronavirus restrictions, but plummeted further in Russia after it invaded Ukraine, the Economist Intelligence Unit (EIU) said on Thursday...

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Planting more trees in urban areas to lower summertime temperatures could decrease deaths directly linked to hot weather and heat waves by a third, researchers said Wednesday...

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South Korea and the United States staged joint air drills featuring an American strategic bomber and stealth fighter planes in response to threats from North Korea, the Yonhap news agency said, drawing an angry rebuke Thursday from Pyongyang...

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Australia will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honoring Indigenous culture, the central bank said Thursday...

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South Korea and the United States staged joint air drills featuring an American strategic bomber and stealth fighter planes in response to threats from North Korea, the Yonhap news agency said, drawing an angry rebuke Thursday from Pyongyang...

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Hong Kong leader John Lee unveiled on Thursday a promotion campaign that will include 500,000 free flights to lure back visitors, businesses and investors to the financial hub after more than three years of tough COVID-19 curbs...

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President Ferdinand "Bongbong" Marcos Jr. on Thursday approved the rollout of the University of the Philippines (UP)-Philippine General Hospital (PGH) Cancer Center, his administration's first Public Private Partnership (PPP) project...

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The Energy Regulatory Commission (ERC) said it is reviewing the secondary price cap after the Energy department said its removal could attract more investment in energy...

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Senators on Wednesday urged the Department of Education (DepEd) to work more closely with groups providing mental health services to students and teachers on learning that 404 students committed suicide and 2,147 others tried to end their lives during the previous school year...

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Senators on Wednesday expressed their concerns over what they called “shaky” provisions of the bills seeking to create the Maharlika Investment Fund (MIF), arguing that Filipino taxpayers will eventually suffer in case the proposed sovereign wealth fund fails...

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President Ferdinand R. Marcos, Jr. is expected to sign seven key bilateral deals covering infrastructure, defense, and tourism, among others, during his trip to Japan next week...

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President Ferdinand Marcos Jr. will no longer extend the state of calamity that expired Dec. 31, 2022, signaling that the government believes the worst of the COVID-19 pandemic is over, the Palace confirmed Wednesday...

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About a million doses of the bivalent coronavirus disease 2019 (Covid-19) vaccines from Pfizer are slated to arrive in the country through the global Covax facility, according to the Department of Health (DoH)...

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The Commission on Appointments (CA) on Wednesday confirmed the interim appointment of Alfredo Pascual as secretary of the Department of Trade and Industry (DTI)...

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President Ferdinand Marcos Jr. gave the Department of Education a year to complete its review of the K to 12 curriculum, DepEd spokesman Michael Poa said in a television interview...

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Finance Secretary Benjamin E. Diokno on Wednesday listed more possible assets that the government could sell, including the Mile Long property, to bankroll the proposed sovereign wealth fund of the country...

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Healthcare workers at the National Kidney and Transplant Institute (NKTI) can expect their mandated pandemic benefits by the end of this week, according to the Department of Health (DOH) officer in charge Maria Rosario Vergeire...

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The Bangko Sentral ng Pilipinas (BSP) said on Wednesday it will start consultations on the Philippine Open Finance Pilot project...

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While consumers are still grappling with the high prices of onions, the retail price of local garlic has increased to P400 per kilo even if there was no shortage of the pungent bulbs...

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National Treasurer Rosalia de Leon on Wednesday expressed optimism that the proposed Maharlika Investment Fund (MIF) would significantly lessen the need for borrowings to fund key projects...

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The Private Sector Advisory Council (PSAC) on Wednesday affirmed its support for the Marcos administration's thrust of improving the Philippine educational system...

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Factory activity in the Philippines continued to expand, hitting a seven-month high in January, as firms ramped up production levels due to an uptick in foreign demand...

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The Philippine Economic Zone Authority (PEZA) has approved P6.393 billion worth of investments in its first board meeting for the year, a double-digit increase from the same period last year...

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Unfavorable economic conditions currently affecting other wealth funds abroad must not prejudice the country’s decision to set up the Maharlika Investment Fund (MIF), according to the National Economic and Development Authority (Neda)...

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Despite the strong performance of manufacturing firms in January 2023, Standard & Poors (S&P) Global Market Intelligence noted that hiring activities of Philippine factories “remained weak.”...

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The local broiler chicken industry expects to produce around 1.72 billion kilograms of dressed chicken this year, slightly higher than last year’s level, despite continuing challenges such as high cost of feed and continuing avian flu threat...

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A transport group is calling on the government to reevaluate the jeepney modernization program after experiencing problems in deploying electric jeepneys or e-jeepneys...

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Just a day after prices of gasoline and other petroleum products were raised on Tuesday, consumers were greeted with a big increase of more than P120 in the cost of an 11-kilogram tank of cooking gas...

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The Government banks providing capital to the Maharlika Investment Fund (MIF) have no clear claim on the fund’s returns in the bill setting up the proposed sovereign wealth fund, a Senate committee heard...

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The Greenhills Shopping Center in San Juan City and popular e-commerce platform Shopee are included in the United States Trade Representative’s (USTR) list of notorious markets for counterfeit and pirated goods...

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The Bureau of Internal Revenue (BIR) said it will allow taxpayers to conduct more transactions online late this month...

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Agriculture stakeholders have expressed anew their objection to the Regional Comprehensive Economic Partnership (RCEP), saying there is no guarantee the trade pact would benefit the Philippines since other RCEP member-countries are more competitive...

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