Economy

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By: Daxim L. Lucas, Philippine Daily Inquirer, 18 Oct 2019 The Philippine economy remains strong, but may grow below 6 percent next year if current growth dampers will persist, according to the lead economist of the Bank of the Philippine Islands.

3 economists who study poverty win Nobel Prize Abhijit Banerjee, Esther Duflo, Michael October 15, 2019 STOCKHOLM — Two researchers from the Massachusetts Institute of Technology and a third from Harvard University won the 2019 Nobel Prize in economics on Monday for groundbreaking research into what works and what doesn’t in the fight to reduce…

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by Ian Nicolas Cigaral (Philstar.com) – Sept 11, 2019 MANILA, Philippines — The Philippine economy may once again depend on consumer spending as capital formation retreats amid falling imports, a global bank said.

by Mary Grace Padin (The Philippine Star) – Sept 2, 2019 MANILA, Philippines — A Supreme Court (SC) ruling which increases the internal revenue allotment (IRA) share of local government units (LGUs) has been flagged by economic managers as a risk to the country’s fiscal stability.

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by Mary Grace Padin (The Philippine Star) – 20 Aug 20, 2019 MANILA, Philippines — The Department of Finance (DOF) has disputed the Philippine Economic Zone Authority’s (PEZA) claim it contributed P10 trillion to the economy from 2015 to 2017, saying the agency adopted a faulty method in coming up with its numbers.

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by Marichu A. Villanueva (The Philippine Star), Aug 12, 2019 For the next three years, the economic managers of President Rodrigo Duterte have set their sights to completing the journey set on Day One of his administration. The journey “from stability to prosperity” is the vision for the Philippines when the term of President Duterte…

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by Ben O. de Vera, Philippine Daily Inquirer, Aug 8, 2019 Merchandise exports rose for the third straight month in June while imports contracted also for three consecutive months, auguring well for second-quarter economic growth.

(UPDATED) The Philippine government’s economic team must play catch up, as growth slows down again in the 2nd quarter of 2019 – the lowest in 17 quarters by Ralf Rivas, Rappler, Aug 8, 2019 MANILA, Philippines (UPDATED) – The impact of politicians bickering over the 2019 national budget lingers on, as the country’s gross domestic…

By Ralph Jennings, Jul 29, 2019 TAIPEI – Poverty in the Philippines, a chronic development issue that makes the country an outlier in Asia, is declining because of economic strength followed by job creation.

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by Mary Grace Padin (The Philippine Star), Jul 2, 2019 MANILA, Philippines — The Department of Finance (DOF) has outlined five major economic policies that will be prioritized by the Duterte administration in the second half of its term to further propel economic growth and provide opportunities for Filipinos.

by Czeriza Valencia (The Philippine Star), Jul 1, 2019 MANILA, Philippines — In the near term, businesses can invest in four rapidly growing areas in terms of domestic consumption, according to the National Economic and Development Authority (NEDA).

by Roy Stephen C. Canivel, Philippine Daily Inquirer, Jun 28, 2019 Fewer companies belonging to the German business chamber think the economy would get better in the next 12 months, a summary of an annual survey showed, stressing the “need” for a business-friendly climate.

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by Nathaniel Mariano, Manila Standard, May 25, 2019 Three in 10 Filipinos believed their personal quality of life has improved in the past 12 months, the latest Social Weather Stations’ survey revealed on Friday.

by Helen Flores (The Philippine Star), May 25, 2019 MANILA, Philippines — Nearly four in 10 Filipinos believe their personal quality of life improved in the last 12 months, the Social Weather Stations (SWS) said in its latest survey.

by Julito G. Rada, Manila Standard, May 10, 2019 Economic growth decelerated to a four-year low of 5.6 percent in the first quarter from 6.5 percent a year ago, weighed down by the delayed approval of the 2019 government budget, data from the Philippine Statistics Authority show.

By JON VIKTOR D. CABUENAS, GMA News, May 9, 2019 Philippine economic growth decelerated to 5.6% in the first quarter of 2019, the slowest in four years, data released by the Philippine Statistics Authority (PSA) on Thursday revealed.

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By: Daxim L. Lucas , Inquirer Business, Apr 30, 2019 MANILA, Philippines — The Philippines earned an upgrade to ‘BBB+’ — its highest credit rating in history — from global debt watcher Standard & Poor’s, which cited the country’s strong growth trajectory, healthy external position, and sustainable public finances.