The percentage of Philippine companies with plans to expand and hire more workers in the fourth quarter of the year against the total firms surveyed has declined, results of the latest central bank Business Expectation Survey (BES) showed.
Although the statement by the Bangko Sentral ng Pilipinas (BSP) on the survey gave no specific figure for the number of such companies, it said the confidence index (CI) of such companies slipped to 28.1 percent in the latest survey from 30.3 percent in the third quarter.
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