Economy

By: Joann Santiago, Philippines News Agency, June 20, 2016, http://interaksyon.com/business/129301/incoming-duterte-admin-hikes-economic-agenda-to-10-items DAVAO CITY – Sustained economic growth and ensure that its impact is equitable to all Filipinos. This is the goal of the incoming Duterte administration through its 10-point economic agenda presented before some 300 delegates of the two-day business consultation dialogue dubbed “Sulong Pilipinas: Hakbang…

PNA Nation, June 20, 2016, http://www.update.ph/2016/06/duterte-administrations-10-point-economic-agenda/6652 Sustained economic growth and ensure that its impact is equitable to all Filipinos. This is the goal of the incoming Duterte administration through its 10-point economic agenda presented before some 300 delegates of the two-day business consultation dialogue dubbed “Sulong Pilipinas: Hakbang Tungo sa Kaunlaran (Philippines Onwards: A Step…

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This article is published in collaboration with Project Syndicate. Written by Klaus Schwab, Founder and Executive Chairman, World Economic Forum, 15 January 2016, https://www.weforum.org/agenda/2016/01/how-can-we-embrace-the-opportunities-of-the-fourth-industrial-revolution/?utm_content=buffere8d0c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer Why the Fourth Industrial Revolution is destined to fail, unless we act now Of the myriad challenges the world faces today, perhaps the most overwhelming is how to shape the Fourth…

By: Ben O. de Vera, @BenArnolddeVera, Philippine Daily Inquirer, June 9th, 2016 Philippine economic growth would outperform those of its peers in the region this year on the back of robust domestic demand despite a weak global economy, according to the World Bank.

By Czeriza Valencia (The Philippine Star), May 20, 2016, http://www.philstar.com/business/2016/05/20/1584900/gdp-growth-beats-forecast-hits-6.9-q1 MANILA, Philippines – The Philippine economy expanded at a better-than-expected rate of 6.9 percent in the first quarter of the year, outpacing growth in most Asian countries during the period, on the back of strong domestic consumption and government spending, the state-run data agency said…

by Bienvenido S. Oplas, Jr., 11 May 2016, http://www.bworldonline.com/content.php?section=Opinion&title=indcs-and-philippine-economic-and-energy-realities&id=127386 Energy poverty can kill today, not 30 or 100 years from now because of “man-made” warming or climate change. Dark streets at night because of expensive electricity and unstable energy mean more road accidents, more crimes. Or households using candles are courting more fires, more destruction…

This article is published in collaboration with IMF Direct. by Maurice Obstfeld, 13 April 2016, https://www.weforum.org/agenda/2016/04/the-imf-these-are-the-biggests-risks-to-growth/?utm_content=buffer20944&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer Global growth continues, but at an increasingly disappointing pace that leaves the world economy more exposed to negative risks. Growth has been too slow for too long. The new World Economic Outlook released today anticipates a slight acceleration in…

by Richard Easterlin, University Professor and Professor of Economics, University of Southern California, 13 April 2016, https://www.weforum.org/agenda/2016/04/the-science-of-happiness-can-trump-gdp-as-a-guide-for-policy?utm_content=buffer3f98c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer For centuries, happiness was exclusively a concern of the humanities; a matter for philosophers, novelists and artists. In the past five decades, however, it has moved into the domain of science and given us a substantial body of…

by Maurice Obstfeld, 13 April 2016, https://www.weforum.org/agenda/2016/04/the-imf-these-are-the-biggests-risks-to-growth/?utm_content=buffer20944&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer Global growth continues, but at an increasingly disappointing pace that leaves the world economy more exposed to negative risks. Growth has been too slow for too long.

The Philippines will remain one of the fastest-growing countries in East Asia and the Pacific despite a “modest” easing in economic expansion in the region in the next three years, a new World Bank report showed.

THE Pinoy middle class is already living the life that the majority of Filipinos can only dream of living in 2040, the National Economic and Development Authority (Neda) said.

THE PHILIPPINE ECONOMY is poised to expand faster than regional averages in the next two years, according to the Asian Development Bank’s (ADB) latest projections, even as forecasts were clipped in the face of a “highly uncertain” external environment that weighed on prospects across the region.

MANILA, Philippines – Moody’s Investors Service said domestic demand-driven economies among member countries of the Association of Southeast Asian Nations (ASEAN) led by the Philippines are expected to grow faster than export-oriented economies in the next two years.

MANILA, Philippines – The Philippine economy is expected to sustain the gains from the previous quarter on the back of strong government spending and election-related consumption, the National Economic and Development Authority (NEDA) said yesterday.

By Gerardo P. Sicat (The Philippine Star), March 2, 2016 Inclusive economic growth achieves sustained and improving quality of employment, rising incomes and productivity and higher standards of living for the country’s citizens. It happens best when the macroeconomic environment is stable, with fiscal, monetary and trade policies in relative balance.

Almost all Filipinos want their president to succeed. Only politics makes it difficult to see through this basic fact. Significant success of the president momentously moves the nation forward.

The Philippines ranked 70th out of a total of 186 countries in the 2016 Index of Economic Freedom published annually by The Wall Street Journal and Washington-based think tank, The Heritage Foundation.

Three leading economists and academics at Davos agree: GDP is a poor way of assessing the health of our economies and we urgently need to find a new measure.

Despite its optimism on the local economy’s dynamics, the International Monetary Fund (IMF) has revised downward its Philippine growth outlook for this year, as the region’s sluggish performance and the global economy continued to drag the country’s potential growth going forward.

Philippine economic growth is forecast to slow to 5.8 percent in 2015 before recovering to 6.4 percent this year, the World Bank said in its latest report.

The Philippine economy is expected to post growth of above 6 percent in the next three years, according to the World Bank. In its Global Economic Prospects (GEP) report, the Washington-based lender said the economy is expected to post a 6.4-percent growth in 2016 on the back of the May elections. Growth, however, is expected…

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) believes the country’s sound macroeconomic fundamentals would serve as inherent stabilizers to fend off external shocks brought about by the normalization of interest rates in the US and China’s economic slowdown.

Election spending and the recovery of the global economy will increase the country’s import payments to at least 10 percent next year, according to the National Economic and Development Authority (Neda).

MANILA – More Filipinos found jobs in the fourth quarter ahead of the busy Christmas season. The unemployment rate continued to ease in October, now at just 5.6 percent compared with last year’s 6 percent and July’s 6.5 percent.

THE PHILIPPINES will remain among the fastest-growing economies in East Asia and the Pacific this year, the World Bank said in its latest flagship report, citing an improvement in what had weighed on the country’s output: government spending.

Where many of his friends and relatives have opted to move to North America to find a good job, the 38-year-old’s preference has always been to remain at home with his wife and four children.

The sound fiscal reforms that had improved the economic stature of the Philippines started during the term of President Gloria Macapagal-Arroyo, Moody’s Investors Service said in its latest report on the country. The report also reflected the worries of Filipino economists about government underspending limiting the country’s growth prospects.

THE PHILIPPINES may grow at its slowest pace of below 5 percent for the first time in five years in 2016 as faltering China could lead Asia into a “protracted” growth crisis and the global economy into a recession, economists from global banking giant Citi said.

THE World Bank is now less optimistic on the growth of the Philippine economy on account of the ill effects of El Niño and the negative impact of China’s slowdown on trade and tourism.