RESULTS of Bangko Sentral ng Pilipinas (BSP) surveys released on Friday showed that businesses have become bullish about the Philippine economy despite the lingering effect of Covid-19 pandemic to consumer sentiment.

According to the results of the central bank's latest Business Expectations Survey (BES), the fourth-quarter 2021 confidence index (CI) — defined as the proportion of enterprises that replied "yes" minus those who answered "no" — reverted to 39.7 percent from -5.6 percent in the third quarter.

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