Economy

July 11, 2022 | 12:33 am Jeepneys wait for passengers at the corner of EDSA-Aurora Boulevard in Quezon City, July 1. — PHILIPPINE STAR/ MIGUEL DE GUZMAN FacebookMessengerTwitterLinkedInShare By Diego Gabriel C. Robles THE NEW growth targets set by President Ferdinand R. Marcos, Jr.’s economic team are achievable if the government will continue to reopen the…

Lawrence Agcaoili – The Philippine Star  April 21, 2022 | 12:00am MANILA, Philippines — The International Monetary Fund (IMF) expects the Philippine economy returning to its pre-pandemic growth level in 2024 after closing the output gap arising from the impact of the pandemic by next year. IMF resident representative Ragnar Gudmundsson said in an email…

By JON VIKTOR D. CABUENAS, GMA News Published January 27, 2022 10:12am Updated January 27, 2022 11:32am The Philippine economy grew at a faster pace in the last three months of 2021, bringing the full-year figure in line with the government’s target range, after the record-low seen in the previous year.

Louise Maureen Simeon – The Philippine Star January 28, 2022 | 12:00am Economy beats forecasts, expands by 5.6% in 2021 The economy, as measured by gross domestic product (GDP) or the final goods and services produced in the country, rose by 7.7 percent in the last quarter, topping analysts’ median estimate of 6.3 percent. Miguel…

by Louella Desiderio – The Philippine Star, 1 Jan 2021 MANILA, Philippines — The Department of Trade and Industry (DTI) said the economy likely hit last year’s growth target despite the damage from Super Typhoon Odette recently, citing the eased restrictions which have restored economic activity and jobs.

by Louise Maureen Simeon – The Philippine Star, 26 Dec 2021 MANILA, Philippines — Nearly two years into the pandemic and the world thought things would be better, economies would rebound, and businesses would recover.

by Louella Desiderio – The Philippine Star, 24 Dec 2021 MANILA, Philippines — The European Chamber of Commerce of the Philippines (ECCP) has highlighted the need for an effective vaccine rollout and passage into law of key reforms that would encourage greater foreign investments in the country as part of its wish list to allow…

by Louise Maureen Simeon – The Philippine Star, 19 Dec 2021 MANILA, Philippines — The Philippines would have to ramp up its innovation strategies to ensure economic recovery from the pandemic and achieve the country’s long-term goals.

by Agence France-Presse, 15 Dec 2021 The Asian Development Bank warned yesterday that the highly mutated Omicron coronavirus variant could have a “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia.

by Ramon Royandoyan – Philstar.com, 14 Dec 2021 MANILA, Philippines (Update 1, 6:51 p.m.) — A faster-than-expected growth in the third quarter prompted the Duterte administration to hike its economic target for this year, which officials said would be feasible if vaccination further picks up and pandemic curbs become looser.

by Elfren S. Cruz – The Philippine Star, 12 Dec 2021 For those who truly love the Philippines and the Filipino people, it is such a frustrating experience to read the history of this country and see how backward we are. For some people there is an image of wealth because there are a very…

by Ramon Royandoyan – Philstar.com, 7 Dec 2021 MANILA, Philippines — The World Bank on Tuesday upgraded its growth projection for the Philippines this year, but warned that effects of pandemic-induced economic scarring would mean the road to recovery would be rocky.

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by Louise Maureen Simeon – The Philippine Star, 28 Nov 2021 MANILA, Philippines — The Philippine economy may return to pre-crisis levels earlier than expected as key economic sectors enjoy significant improvements following the continued easing of mobility restrictions.

by Lawrence Agcaoili – The Philippine Star, 26 Nov 2021 MANILA, Philippines — The Philippines is on its way to becoming the fastest growing economy in Southeast Asia next year as it continues to gradually recover from the pandemic-induced recession, Malaysian financial giant Maybank said.

by The Philippine Star, 25 Nov 2021 MANILA, Philippines — Top Philippine economists outlined key economic reforms and emphasized the importance of public-private partnerships, and the choice of good, competent leaders as critical to sustaining post-pandemic economic recovery during the launch of the weeklong 6th Pilipinas Conference 2021 online sessions of the Stratbase Albert del…

by Tony F. Katigbak – The Philippine Star, 23 Nov 2021 As we wind down 2021, our sights are already set on 2022. It feels like the past two years went by in a blur, and while it felt long, it also feels like the blink of an eye. Here we are on the precipice…

NEDA: The NAP-4 scorecard measures conditions on the ground versus the Philippines' own pandemic-related targets. This should give the public an alternative to the Nikkei and Bloomberg indices which measure countries against each other without considering domestic circumstances. pic.twitter.com/ynLfRi7Q3l — Warren de Guzman (@wddeguzman) November 22, 2021

by Louise Maureen Simeon – The Philippine Star, 19 Nov 2021 MANILA, Philippines — The holiday season may be around the corner, but consumption remains muted as the pandemic continues to take its toll on cash-strapped Filipinos.

by Louise Maureen Simeon – The Philippine Star, 10 Nov 2021 MANILA, Philippines — The Philippine economy managed to weather the impact of the third round of pandemic lockdown, growing by a higher than expected pace in the third quarter and making the government optimistic about a better recovery for the rest of the year.

By: Ben O. de Vera, INQUIRER.net, 9 Nov 2021 MANILA, Philippines—As the economy further reopened, the Philippines’ gross domestic product (GDP) grew 7.1 percent year-on-year in the third quarter, above expectations although slower than second-quarter expansion GDP or the goods and services produced in the country from July to September was also 3.8-percent larger than output…

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by Philippine Daily Inquirer, 26 Oct 2021 The COVID-19 pandemic shed $43 billion from the Philippine economy last year—the eighth-highest economic toll among 15 Asian economies, as the tourism- and services-dependent region suffered from lockdowns to contain the deadly coronavirus, the think tank Japan Center for Economic Research (Jcer) said on Monday.

by Elijah Felice Rosales – The Philippine Star, 26 Oct 2021 MANILA, Philippines — The government’s economic team has committed to transfer P1 billion to the Land Transportation Franchising and Regulatory Board (LTFRB) for cash grants to public utility vehicle (PUV) drivers hurting from soaring fuel prices.

by Louise Maureen Simeon – The Philippine Star, 25 Oct 2021 MANILA, Philippines — Economic recovery for Southeast Asia is expected to be more pronounced next year, as the region learns to live with COVID, with the Philippines expected to post the strongest rebound.

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by Ramon Royandoyan – Philstar.com, 19 Oct 2021 MANILA, Philippines — The domestic economy could generate P5 trillion in annual economic output by 2030 if it maximizes the advantage that digital technologies have to offer, according to a new report released Tuesday.

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by Agence France-Presse, 15 Oct 2021 WASHINGTON – Worldwide supply chain disruptions are driving price increases and draining momentum out of economies recovering from the COVID-19 pandemic, the IMF warned on Tuesday.