From January to June , the inflation rate spiked to 4. A higher food inflation rate, driven by increased prices of pork due to the impact of the ongoing African Swine Fever ASF epidemic, stoked concerns on the affordability of food during an economic and health crisis, especially for poor communities disproportionately affected by the pandemic and already enduring involuntary hunger. To augment the domestic supply of pork, the government increased the minimum access volume and trimmed the tariff rates for imported pork products for one year.
Since liberalizing the rice market in Rice Tariffication Law , the Philippines has achieved significant success in keeping its rice prices low and stable. The Central Bank has since paused on monetary easing but has expressed determination to maintain an accommodative monetary policy stance, with real interest rates in the negative territory, until economic recovery from the COVID crisis gathers momentum.
In , however, the trade deficit narrowed by Imports of goods declined by Exports of services - driven mainly by the business process outsourcing BPO industry, grew marginally by 0. The local currency LCY bond market, on the other hand, grew by Government and corporate bonds comprised Net foreign direct investment FDI inflows, which started to slide in continued their downward trend, decreasing by The Philippines slipped in terms of global competitiveness in after successively registering overall improvements in various competitiveness rankings over the past seven to eight years, with inadequate physical and digital infrastructure the main drivers for the decline.
Investors also repeatedly cite government red tape, regulatory uncertainties, a slow judicial system, inconsistent application of laws by Local Government Units LGUs , and corruption as challenges to doing business in the country. Public expenditures expanded by Notwithstanding, public infrastructure spending remained at an all-time high annual average of 5. Nevertheless, the fiscal reforms adopted by the administration in the previous years, including revenue-generating measures under the CTRP have given the government enough fiscal space to address the COVID pandemic.
The latest GIR level represents an ample external liquidity buffer, equivalent to Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile.
Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Like the U. Trinidad was a Spanish colony from as early as the arrival of Columbus, who visited the island personally in Its companion island, Tobago, came under colonial rule of several European nations, including the Spanish, the British, the French, and the Dutch.
Ultimately, both Trinidad and Tobago became British colonies in and remained so until their independence in In , they formed the Republic of Trinidad and Tobago, which persists to this day.
The first formal currency used on the islands were the silver "pieces of eight" coins that were common throughout the Spanish colonies at that time. These were introduced in the s, following the colonization of the islands by Spain.
Throughout the early and mids, currency on the islands was administered by private banks. At that time, several currencies were used, including those of Britain, Mexico, and Columbia. Nigeria Factory Activity Shrinks in December. Nigeria Services Sector Shrinks for 8th Month. Calendar Forecast Indicators News. Currency Government Bond 10y Stock Market. More Indicators. National Statistics World Bank. We have a plan for your needs. Standard users can export data in a easy to use web interface or using an excel add-in.
API users can feed a custom application. White label accounts can distribute our data. Inflation Rate YoY. Inflation Rate. Core Inflation Rate. Core Consumer Prices. Food Inflation.
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