Experts Say Philippines Now ‘Back on the Radar’ of Taiwanese Firms - BusinessWorld Online

Remittance growth in the Philippines slowed to 2.9% in May

MANILA, Philippines – After growing at the highest rate in over two years in April, cash remittances from Filipinos overseas posted a slower expansion in May, the Bangko Sentral ng Pilipinas (BSP) reported. Money sent home by Filipinos abroad through banks grew by 2.9 percent year-on-year to $2.66 billion. READ: April remittances grew 4%, highest in over 2 years That pace of expansion was slower than the 4-percent annual growth recorded in April…

Experts say Philippines now ‘back on the radar’ of Taiwanese firms - BusinessWorld Online

By Cathy Rose A. Garcia, Editor-in-Chief TAIPEI — Taiwanese companies are looking to set up shop in the Philippines as the country faces a US tariff that is lower than most of its Southeast Asian neighbors, according to analysts. This as Taiwan expects further deepening of ties with the Philippines, a Ministry of Foreign Affairs (MoFA) official said. “We consider the Philippines as a very important partner for freedom, for democracy, for stabili…

Growth to hit targets despite US tariff hike

EASING inflation and supportive monetary policy can cushion the impact of a 20-percent US tariff on Philippine exports, Maybank Research said, allowing the country’s economy to remain on track to meet growth targets.