Economy

by Lawrence Agcaoili (The Philippine Star) – Apr 25, 2019 MANILA, Philippines — Fitch Ratings has slashed the country’s gross domestic product (GDP) growth forecasts for 2019 and 2020 due to the delayed passage of the 2019 national budget, the series of rate hikes by the Bangko Sentral ng Pilipinas (BSP) and the trade war…

By: Ben O. de Vera, Inquirer Business, Apr 24, 2019 World Bank economist: No risk of debt distress for Philippines, Asean MANILA, Philippines — Despite Chinese debt trap fears, Asean countries including the Philippines would unlikely have difficulty settling their obligations, an economist of the Washington-based multilateral lender World Bank said Wednesday.

By Bernie Cahiles-Magkilat, Manila Bulletin, Apr 6, 2019 The creative community has submitted an industry road that seeks to transform the Philippines as the number one creative economy in ASEAN by 2030 in terms of size and value of the creative industries as well as the competitiveness and attractiveness of Filipino talents and content in…

by ABS-CBN News, Mar 5, 2019 https://news.abs-cbn.com/video/business/03/05/19/world-bank-study-shows-ph-economy-hampered-by-lack-of-competition A new study by the World Bank showed lack of competition in the Philippine market continues to hamper the country’s economic growth. But the Philippine antitrust body insists, reforms are already underway to address the issue of monopolies in key markets. – Business Nightly, ANC, March 4, 2019

By: Roy Stephen C. Canivel , Philippine Daily Inquirer, Mar 04, 2019 Pro-competition reforms in critical services sectors could annually add at least P26.8 billion to the Philippine economy, the World Bank said in a report released on Monday.

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by Panos Mourdoukoutas, Feb 10, 2019 The problem with President Rodrigo Duterte’s jobless booming economy in the Philippines isn’t the liberal economic policies his administration has been pursuing. It’s the persistence of corruption and cronyism and cultural populism that divide up Filipinos — and limit job opportunities for those on the wrong side of the…

by Czeriza Valencia (The Philippine Star) – Jan 25, 2019 GDP growth slows to 6.2% The Philippine economy grew at a slower pace in 2018, failing to hit the government’s target but still among the fastest in Asia, the National Economic and Development Authority (NEDA) reported yesterday.

by Czeriza Valencia, The Philippine Star, Jan 25, 2019 GDP growth slows to 6.2% The Philippine economy grew at a slower pace in 2018, failing to hit the government’s target but still among the fastest in Asia, the National Economic and Development Authority (NEDA) reported yesterday.

By: Ben O. de Vera, Inquirer Business, Jan 24, 2019 MANILA, Philippines — The Philippine economy grew 6.2 percent in 2018 , missing the government’s growth target as the increase in prices slowed consumer spending as well as business expansion last year.

By: Ben O. de Vera, Inquirer Business, Jan 22, 2019 MANILA, Philippines – The United Nations (UN) said it expects Philippine economic growth to rebound this year as the government ramps up implementation of its ambitious “Build, Build, Build” infrastructure program.

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by Ian Nicolas Cigaral, philstar.com, Jan 17, 2019 MANILA, Philippines — The Philippine economy will likely post sluggish growth this year, according to the latest projections of a regional think tank and of economists at HSBC Private Banking.

by Ben O. de Vera, Philippine Daily Inquirer, Jan 9, 2019 The World Bank has projected the Philippines’ gross domestic product (GDP) growth at 6.5 percent this year, below the government’s 7-8 percent target for 2019, and slightly up to 6.6 percent in 2020 and 2021.

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By: Ben O. de Vera, Philippine Daily Inquirer, Nov 09, 2018 Due to high prices, many consumers cut down on their purchases of food, among other essential items, hence tempering a major booster to the Philippine economy and slowing overall economic growth to a three-year low of 6.1 percent year-on-year in the third quarter.

by Ben O. de Vera, Philippine Daily Inquirer, Oct 16, 2018 Due to slower gross domestic product (GDP) growth in the first half, economic managers on Tuesday cut the target range for 2018 to 6.5-6.9 percent even as they unveiled strategies to boost economic expansion in the near term.

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by ABS-CBN News, Sep 26 2018 MANILA – The Asian Development Bank lowered Wednesday its economic growth outlook for the Philippines as the gross domestic product (GDP) growth “softened unexpectedly” in the first half of the year.

by Lawrence Agcaoili (The Philippine Star) – Sept 26, 2018 MANILA, Philippines — ANZ Research further slashed its growth forecast for the Philippines to 6.5 percent this year, 6.4 percent next year and 5.9 percent in 2020.

by BEN O. DE VERA, Philippine Daily Inquirer, Sep 04, 2018 The “Build, Build, Build” program is expected to help the economy grow at a slightly faster pace this year, with $19 billion in official development assistance (ODA) commitments from East Asian countries seen bolstering infrastructure development, Finance Secretary Carlos G. Dominguez III said.

by ABS-CBN News, Aug 30, 2018 MANILA — A federal Philippines will need an additional P240 billion annually to operate the new form of government and could double the size of the budget deficit compared to the economy, Socioeconomic Planning Secretary Ernesto Pernia said Thursday.

By: Doris Dumlao-Abadilla – Reporter / @philbizwatcher Philippine Daily Inquirer, Aug 28, 2018 Despite some short-term concerns on inflation, the Philippines is still Southeast Asia’s outperformer and the recent stock market pullback has only opened fresh investment opportunities, Manulife’s top Asia fund manager said.

by Elijah Joseph C. Tubayan, BusinessWorld, Aug 24, 2018 GDP growth to miss goal, but not ‘bad’ MERCHANDISE exports and manufacturing will weigh on growth, though investments will provide the lift, according to top economists of the Ateneo de Manila University.

By Luchi de Guzman, CNN Philippines, Aug 16, 2018 Metro Manila (CNN Philippines, August 16) — More Filipinos believe that their lives worsened in the second quarter of 2018, according to an independent pollster.

By K. Sabeel Rahman, April 14, 2016 The American social contract is collapsing. For many workers throughout the twentieth century, our economic policies created a basic bargain: individuals would work full-time jobs for large, established corporations, and in exchange would receive access to key benefits like healthcare, pensions, as well as pathways for upward mobility…

‘Philippines on track to cut poverty’ by Julito G. Rada, Manila Standard, Jul 7, 2018 The 6.8-percent growth experienced in the first quarter this year puts the Philippines on track to sharply reduce poverty over the next four years, the country’s top economic managers said Friday.

By CNN Philippines Staff, May 24, 2018 Metro Manila (CNN Philippines, May 23) — While optimism remains “excellent” in personal and economic prospects, less Filipinos see a brighter future ahead of them during the first quarter of 2018, according to the latest Social Weather Stations (SWS) survey.

BASED ON RESEARCH BY GLOBAL MANAGEMENT CONSULTING FIRM By: Doris Dumlao-Abadilla – Reporter, Philippine Daily Inquirer, May 20, 2018 Based on the research, the Philippines fared well when it came to educating women or introducing them to the workplace. But women representation shrinks closer to the top of the corporate ladder. (File photo from the…

By: Ben O. de Vera, Philippine Daily Inquirer, May 09, 2018 The International Monetary Fund (IMF) has further raised its inflation forecasts for the Philippines in the next two years such that the multilateral lender cautioned monetary authorities to carefully watch the recent faster rate of increase in prices of basic goods.