Economy

There is no way but up for the Philippine economy. Experts at the Asian Development Bank (ADB) voiced optimism that the Philippines will remain on a solid growth path, with indicators pointing to even faster expansion over the next two years.

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by Steven Pinker, May 1, 2018 The Enlightenment principle that we can apply reason and sympathy to enhance human flourishing may seem obvious, trite, old-fashioned. But it is not. More than ever, the ideals of reason, science, humanism, and progress need a wholehearted defense. We take its gifts for granted: newborns who will live more…

Most of the broadsides ignore how much the field has changed. By Noah Smith, Apr 25, 2018 In last July, writer and researcher John Rapley penned an article in the British newspaper the Guardian entitled “How Economics Became a Religion.” This followed on the heels of shorter but equally acerbic critiques by Simon Jenkins in…

April 20, 2018 The National Economic and Development Authority (NEDA) allayed concerns about imminent risks of overheating, stressing that the country’s solid macroeconomic conditions and ongoing reforms make the economy disposed for sustained and even higher growth.

BY BEN KRITZ, TMT, Manila Times, Apr 19, 2018 IF we take the news reports from earlier this week at face value, we might draw the conclusion that a key part of the Philippine’s economic growth formula will be put in serious jeopardy once Congress starts deliberating on the second phase of the government’s comprehensive…

By Melissa Luz T. Lopez, Businessworld, Apr 18, 2018 THE PHILIPPINES can be expected to lead growth across major Asian economies, except India, up to 2019, according to an International Monetary Fund (IMF) report that nevertheless showed the country suffering the worst unemployment in Southeast Asia in the same years.

By: Ben O. de Vera, Philippine Daily Inquirer, Apr 13, 2018 CLARK FREEPORT ZONE-The “golden age of economic growth” being experienced by the Philippines was a result of reforms put in place by previous administrations, the head of the Duterte administration’s economic team acknowledged on Friday.

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by Doris Dumlao-Abadilla, Inquirer, Feb 12, 2018 Manila was likewise identified by JLL as one of the “Emerging Megacities” The Philippine economy may grow at a faster pace of 6.7 percent during the six-year term of the Duterte administration as government spending intensifies with the rollout of big-ticket infrastructure projects, an economist at Dutch financial…

(2nd UPDATE) For the 4th quarter of 2017 alone, the Philippine economy grows by 6.6%. Its 2017 growth places it 3rd in Asia behind China and Vietnam. Chris Schnabel and Chrisee Dela Paz, Rappler, Jan 23, 2018 MANILA, Philippines (2nd UPDATE) – A recovered agriculture sector, strong government consumption, as well as better exports and…

By: Doris Dumlao-Abadilla – Reporter, Philippine Daily Inquirer, Jan 05, 2018 While 2017 was a good year, 2018 would be even better for the economy, which could grow at a faster clip of 7-7.5 percent and catapult the local stock market to record highs.

By Karl Lester M Yap and Siegfrid Alegado, Dec 17, 2017 Fitch Ratings raised the Philippines’ sovereign rating by one level, providing an endorsement of President Rodrigo Duterte’s economic plans, which include a tax reform aimed at strengthening the fiscal outlook.

(3rd UPDATE) The Philippines posts a ‘spectacular’ 6.9% economic growth in the 3rd quarter despite slower consumption by Chrisee Dela Paz and Chris Schnabel, Rappler, Nov 16, 2017 MANILA, Philippines (3rd UPDATE) – Even if government spending and the agriculture sector slowed down, the country’s gross domestic product (GDP) grew faster than expected by 6.9%…

By Lawrence Agcaoili (The Philippine Star), Nov 8, 2017 MANILA, Philippines — The International Monetary Fund (IMF) said monetary and fiscal authorities should act swiftly to prevent the Philippine economy from overheating amid rapid growth and low inflation.

by Jhoanna Ballaran, Inquirer, Oct 20, 2017 Controlling prices of commodities, increasing workers’ wages, and fighting criminality are the top three urgent concerns of Filipinos, according to the latest result of Pulse Asia’s September 2017 Ulat ng Bayan survey released on Friday.

By Cai Ordinario, Businessmirror, Sep 14, 2017 BUSINESSMEN belonging to the Joint Foreign Chambers (JFC) on Thursday identified reforms that must be undertaken by the Duterte administration to grow GDP by 9 percent and achieve the goals of its 10-point socioeconomic agenda.

By Czeriza Valencia (The Philippine Star), Sep 14, 2017 MANILA, Philippines — Unemployment rose slightly in July as more jobs were shed in the agriculture and services sectors, the National Economic and Development Authority (NEDA) said.

By: Ben O. de Vera, Philippine Daily Inquirer, Aug 23, 2017 The head of the economic team is confident that the economic reforms being introduced by the Duterte administration will bring about “irreversible achievements” that will benefit more Filipinos.

BY JUAN T. GATBONTON, Manila Times, Aug 20, 2017 Economist says indicators look good — or is he just celebrating too early? There’s some good news on the economy—from the observer who follows its ups and downs most closely. The Inquirer columnist Cielito Habito suggests the economy may—at long last—be entering a period of inclusive…

By Czeriza Valencia (The Philippine Star), Aug 10, 2017 MANILA, Philippines – Progress has been made on several policy recommendations submitted by the business community at the start of the Duterte administration, economic managers said yesterday.

By Philippine News Agency, Aug 9, 2017 MANILA, Aug. 9 — The country’s largest business organization, Philippine Chamber of Commerce and Industry (PCCI), seeks for a more detailed plan on the administration’s 10-point socioeconomic agenda.

by Gary Saul Morson, Morton Schapiro, Aug 8, 2017 In a 2006 survey, American university professors were asked whether it was better to possess knowledge from numerous fields of study, or from just one. Among professors of psychology, 79% were enthusiastic about interdisciplinary learning, as were 73% of sociologists and 68% of historians. The least…

by Ben O. de Vera, Inquirer, Aug 1, 2017 Despite solid macro fundamentals auguring well to sustained robust economic growth, London-based economic research firm Capital Economics said “unstable politics” pose a downside risk.

By Gerardo P. Sicat (The Philippine Star), Jul 5, 2017 The Duterte administration is now transitioning to its second year. Public commentary regarding the first year of governance has been characterized by a generally positive review of its accomplishments and the development programs on the way.

By Gerardo P. Sicat (The Philippine Star), Jun 28, 2017 The Philippine balance of payments is healthy. But in recent months, there have been signs of weakening. Fundamentally sound but altered balance of payments picture. The reason for this reversal come from different sources. Structural reasons mainly account for those features of the balance of…

By: Ben O. de Vera , Philippine Daily Inquirer, Jun 14, 2017 Singapore’s biggest bank has warned that amid robust growth, the Philippine economy is at risk of overheating.

By: Ben O. de Vera, Philippine Daily Inquirer, May 19, 2017 The first-quarter GDP growth was next to China’s 6.9 percent and surpassed the rate of growth in most of the emerging Asian economies, Socioeconomic Planning Secretary Ernesto M. Pernia said in a press conference.