BSP: Businesses retain upbeat expectations
By Michelle V. RemoPhilippine businesses felt better off this quarter compared with that of the same period last year as the encouraging outlook on the economy helped raise income expectations.
Philippine businesses felt better off this quarter compared with that of the same period last year as the encouraging outlook on the economy helped raise income expectations.
Businesses in the Philippines were optimistic about the economy and their ability to generate profits in the first quarter, citing expectations that overall demand for their goods would increase as export markets improve and as domestic demand remained strong.
Businesses in the country remain optimistic about their ability to generate profit and the performance of the overall economy in the fourth quarter, results of the Bangko Sentral ng Pilipinas’ latest survey showed.
