Economy

From the Department of Foreign Affairs “The outlook for the Philippine economy remains favorable despite uneven and generally weaker global growth prospects,” the International Monetary Fund (IMF) stated in a press release after the conclusion of the 2015 Article IV Consultation between the Philippines and the IMF on August 26.

China’s influence on the Philippine economy is limited enough for the Southeast Asian nation to have the guts to challenge it politically in a territorial spat most of its neighbors are not strong enough to stand for.

The International Monetary Fund (IMF) believes the Philippines would be able to survive external shocks brought about by the slackening global economy on the back of monetary and fiscal reforms being undertaken by the government.

The Philippines will remain the fastest growing economy in Southeast Asia this year, despite the slower-than-expected expansion in the first half, British bank Barclays said in a report over the weekend.

There has been a great deal of attention given to the development of the “sharing economy” in recent years. It’s the latest in a series of labels trying to sum up the increasing use of digital online platforms which bring customers and providers of goods and services together to bargain directly. The best known examples…

Metro Manila (CNN Philippines) — The Asian Development Bank (ADB) expects the Philippines to outpace several of its Southeast Asian neighbors in economic growth for this year and the next, according to a supplement to the Asian Development Outlook (ADO) for 2015.

THE ASIAN Development Bank (ADB) has maintained growth forecasts for the Philippines this year and next, expecting the country to remain among the fastest-growing markets in the region despite a marked first-quarter slowdown as investments and household consumption — buoyed by election-related spending — continue fueling economic expansion, the regional lender said in a new…

Regional leaders in digital marketing gathered at the Singapore Ad:Tech Summit MANILA, Philippines – We’re halfway through 2015 and terms like “Big Data,” “Reach,” and “SEO” are not foreign concepts to most brands and marketers anymore. We are fully in the Digital Era and everyone is already using data and social media to reach out…

THE PHILIPPINES may find it difficult to sustain its streak of positive export growth this year due to sluggish global demand and base effects from 2014, an analyst at DBS Bank Ltd. yesterday said.

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BAGAC, Bataan—An International Monetary Fund (IMF) executive on Thursday said global growth should remain moderate, with uneven prospects across many countries and regions, although he noted a changing recovery trend for advanced economies.

The Philippines has achieved so much in the last few years that the risk of “back-sliding” is a greater concern for international investors heading toward the 2016 presidential elections, a Singapore-based Filipino senior banker at ING Bank said.

(4th UPDATE) The Philippines’ first quarter gross domestic product growth is below government and market expectations MANILA, Philippines (4th UPDATE) – The government announced on Thursday, May 28, that the Philippine economy grew by 5.2% in the first quarter of 2015 – the lowest in 3 years – as government spending stays weak and exports…

                  THE Philippines is among the top 5 countries in the world with fastest economic growth both in medium and long term, according to United States-based think tank IHS Global Insight.

BORACAY, Aklan – A senior official of the Asia Pacific Economic Cooperation (Apec) on Tuesday noted the paradigm shift in labor system which is veering away from the assembly line of work and is heading towards knowledge-based services in the manufacturing sector.

MANILA, Philippines – The Philippines will continue to be the “exception” in Asia and in the world as its economy is expected to continue its upward growth momentum, the International Monetary Fund (IMF) said. “We see falling potential growth in the world and in Asia in general, but the Philippines is an outlier,” IMF resident…

TOKYO — Asian economies will lead world growth in 2015, expanding at a 5.6 percent pace that is level with last year, as recoveries in India and Japan help to offset the slowdown in China, the IMF said in a report Thursday.

MANILA, Philippines – Socio-economic Planning Secretary Arsenio M. Balisacan said growth in rural areas is being constrained by inefficient land markets and poor infrastructure. Speaking at the World Bank (WB)-International Monetary Fund (IMF)’s 2015 Spring Meetings held in Washington last week, Balisacan said there are serious land management and administration problems in the Philippines. Speaking…

The International Monetary Fund (IMF) sees a below-target growth for the Philippines next year, but raised its expectations for 2015. In its recently published World Economic Outlook (WEO) for April, the IMF said its 2016 growth projection for the Philippines is at 6.3 percent. This is lower than its earlier forecast of 6.4 percent, as…

THE PHILIPPINES figured as the “emerging market” most resilient to potential external shocks in a paper authored by an analyst at the Center for Global Development, a Washington D.C.-based nonprofit think tank.

The Philippine economy will be Southeast Asia’s growth leader this year on the back of more aggressive government spending, according to the International Monetary Fund (IMF).

Professor Nicholas Barr of LSE used to kick off his public economics lectures by illustrating cases of what he facetiously named ‘pub economics’, defined as something that everyone knows to be true, but is not. In his lectures, examples of these misconceptions were the notion that free university education would unequivocally lead to improved access…

/PRNewswire/ — With the latest economic growth rate at 6.1%, second only to China, a growing service sector, and rising foreign investments, the Philippines remains one of the world’s bright spots. (Figure 1) Given the country’s strong economic performance, real estate services agency KMC MAG Group believes that the local real estate market is in…

My comments last week on the country’s high growth performance emphasized the role of luck and the importance of international perception on economic prospects. Good perception creates a positive outlook.

MANILA, Philippines – A Bloomberg survey of economists shows the Philippines will be the second fastest-growing economy in the world this year, second only to China.

ADMINISTRATION’S GOOD GOVERNANCE INITIATIVES CITED Key policy measures undertaken in the last year led to a significant improvement in Philippine society’s ability to allow its citizens to climb up the socioeconomic ladder on their own merits, a new international report showed.

Download the publication here

Download the report here

MANILA, Philippines – Japan’s economic slowdown is expected to have a minimal effect on the Philippines, Moody’s Investors Service said in a report. “Japan is the Philippines’ largest trade partner. Recent data shows that the current recession in Japan has had only a limited effect on the Philippines’ overall growth conditions and export performance,” Moody’s…

COMPARATIVE RECAP: Ringing a positive Christmas note, Malacañang trotted out comparative figures this week in the Official Gazette showing a statistical selfie of sorts of its accomplishments toward the end of year 2014.