Tag: PHL economy

Discovered oil reserves in Alegria, Cebu to help PHL economy, says President Duterte

(Eagle News) — The discovery of oil reserves in Alegria, Cebu can help boost the Philippine economy. This is according to President Rodrigo Duterte after the Department of Energy announced the discovery of commercial quantities of gas and oil from Alegria oil Field in Southern Cebu. “We have been lagging behind our neighbors, and not because we are lazy or poor. But in terms of natural resources. We are behind Indonesia because they have oil. […]

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PHL economy strong enough to ride out US Fed hike, says Dominguez

MANILA, Dec. 16 – Finance Secretary Carlos Dominguez III expressed optimism that the country’s rock solid macroeconomic fundamentals along with the Duterte administration’s infrastructure buildup strategy will create enough fiscal and monetary buffers for the Philippines to ride out external shocks such as this latest move by the US Federal Reserve Board to raise interest rates. Dominguez assured the public and the business community that the government is maintaining its growth targets for the short […]

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