Economy

14 Jul 2024 – GDP increase vs reducing inequality

Published by rudy Date posted on July 14, 2024

https://www.philstar.com/opinion/2024/07/14/2370019/gdp-increase-vs-reducing-inequality

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2 Jul 2024 – ASEAN wage hikes worry industries benefiting from supply chain shift

Published by rudy Date posted on July 3, 2024

https://asia.nikkei.com/Economy/ASEAN-wage-hikes-worry-industries-benefiting-from-supply-chain-shift?utm_campaign=IC_editor_in_chief_picks_free&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=2&pub_date=20240712150000&seq_num=24&si=0f2121b9-61a9-4a55-8021-f021bba12791

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We keep telling you – “Monetary policy ineffective vs supply-driven inflation — NEDA” 10 Aug 2018

Published by rudy Date posted on June 23, 2024

by Czeriza Valencia (The Philippine Star) – Aug 10, 2018 MANILA, Philippines — An aggressive monetary policy could prevent second-round effects of rising inflation, but would have little impact on nipping the source of domestic inflationary pressure, the National Economic and Development Authority (NEDA) said yesterday.

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Jan 31, 2024 – PH’s full-year 2023 GDP growth strongest among major Asian economies

Published by rudy Date posted on February 3, 2024

31/01/24 Department of Finance PH’s full-year 2023 GDP growth strongest among major Asian economies The Philippines finished strong in 2023 with a full-year gross domestic product (GDP) growth rate of 5.6 percent, outpacing major economies in Asia, such as China (5.2 percent), Vietnam (5.0 percent), and Malaysia (3.8 percent) based on the latest available data.…

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11 July 2022 – Marcos economic team’s targets achievable — experts

Published by rudy Date posted on July 13, 2022

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…

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21 Apr 2022 – Return to pre-pandemic growth pace seen by 2024

Published by rudy Date posted on April 21, 2022

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…

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Philippine economic growth back in positive territory, exceeds 2021 target

Published by rudy Date posted on January 28, 2022

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.

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28 Jan 2022 – Economy beats forecasts, expands by 5.6% in 2021

Published by rudy Date posted on January 28, 2022

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…

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DTI: Economy hits growth target in 2021

Published by rudy Date posted on January 1, 2022

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.

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Yearender: Higher food and oil prices, fewer jobs pound poor Pinoys in pandemic year

Published by rudy Date posted on December 26, 2021

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.

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ECCP pushes key reforms for economic recovery

Published by rudy Date posted on December 24, 2021

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…

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Continued innovation to push growth – NEDA

Published by rudy Date posted on December 19, 2021

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.

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ADB trims Asia growth forecasts as Omicron threatens economy

Published by rudy Date posted on December 15, 2021

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.

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14 Dec 2021 – Turning bullish, Duterte gov’t upgrades 2021 GDP target

Published by rudy Date posted on December 14, 2021

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.

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‘Trickle down’ does not work

Published by rudy Date posted on December 12, 2021

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…

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World Bank upgrades Philippine outlook, but ‘scarring’ a big problem

Published by rudy Date posted on December 7, 2021

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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PIDS Webinar Bites: Assessing the Philippines’ Performance in Meeting the ASEAN Economic Community Vision 2025

Published by rudy Date posted on December 3, 2021

Watch the recording here.

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Return to pre-pandemic growth seen earlier than expected

Published by rudy Date posted on November 28, 2021

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.

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Philippines seen to grow fastest in ASEAN next year

Published by rudy Date posted on November 26, 2021

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.

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Reforms, competent leaders critical to recovery, say economists

Published by rudy Date posted on November 25, 2021

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…

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Economic recovery in 2022

Published by rudy Date posted on November 23, 2021

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…

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22 Nov 2021 – NEDA releases the National Action Plan Against COVID-19 (NAP) Phase 4 scorecard, meant to provide the public with a better understanding of how the Philippine COVID-19 pandemic response is going.

Published by rudy Date posted on November 22, 2021

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

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Holiday spending not enough to offset losses from lockdowns

Published by rudy Date posted on November 19, 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.

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9 Nov 2021 – PH GDP grew 7.1 percent in 3rd quarter 2021

Published by rudy Date posted on November 9, 2021

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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GDP posted a growth of 7.1 percent in the third quarter of 2021

Published by rudy Date posted on November 9, 2021

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Philippine economic growth beats forecasts in third quarter

Published by rudy Date posted on November 9, 2021

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COVID-19 cost PH economy $43B in 2020, says JCER

Published by rudy Date posted on October 26, 2021

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.

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Economic managers OK P1 billion fuel subsidy

Published by rudy Date posted on October 26, 2021

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.

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‘Philippines to lead ASEAN growth in 2022’

Published by rudy Date posted on October 25, 2021

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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An economic growth and development agenda for the next administration

Published by rudy Date posted on October 21, 2021

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