Economy

by Philippine Daily Inquirer, 26 Oct 2021 The COVID-19 pandemic shed $43 billion from the Philippine economy last year—the eighth-highest economic toll among 15 Asian economies, as the tourism- and services-dependent region suffered from lockdowns to contain the deadly coronavirus, the think tank Japan Center for Economic Research (Jcer) said on Monday.

by Elijah Felice Rosales – The Philippine Star, 26 Oct 2021 MANILA, Philippines — The government’s economic team has committed to transfer P1 billion to the Land Transportation Franchising and Regulatory Board (LTFRB) for cash grants to public utility vehicle (PUV) drivers hurting from soaring fuel prices.

by Louise Maureen Simeon – The Philippine Star, 25 Oct 2021 MANILA, Philippines — Economic recovery for Southeast Asia is expected to be more pronounced next year, as the region learns to live with COVID, with the Philippines expected to post the strongest rebound.

Read more here.

by Ramon Royandoyan – Philstar.com, 19 Oct 2021 MANILA, Philippines — The domestic economy could generate P5 trillion in annual economic output by 2030 if it maximizes the advantage that digital technologies have to offer, according to a new report released Tuesday.

Read more here.

by Agence France-Presse, 15 Oct 2021 WASHINGTON – Worldwide supply chain disruptions are driving price increases and draining momentum out of economies recovering from the COVID-19 pandemic, the IMF warned on Tuesday.

by Lawrence Agcaoili – The Philippine Star, 14 Oct 2021 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) remains optimistic the country will hit its economic growth targets this year and next, brushing off an International Monetary Fund (IMF) downgrade.

by Chino S. Leyco, 13 Oct 2021 The National Economic and Development Authority (NEDA) said the government failed to balance its response to the coronavirus disease with the need of equally salvaging the economy from the pandemic-induced crisis.

by Ana Olivia A. Tirona, BusinessWorld, 13 Oct 2021 THE COUNTRY’S exports and imports of goods continued to post double-digit growth in August amid a recovery in global markets, the Philippine Statistics Authority (PSA) reported on Tuesday.

by Lawrence Agcaoili – The Philippine Star, 13 Oct 2021 MANILA, Philippines — The International Monetary Fund (IMF) slashed anew its growth forecasts for the Philippines, expecting the economy to expand below the targets set by government economic managers as the country struggles to contain the resurgence of COVID infections.

by Agence France-Presse, 2 Oct 2021 MANILA – The Philippine economy will take more than a decade to return to pre-pandemic growth, an official said Thursday, warning the next two generations of Filipinos would be paying for the cost of COVID-19.

https://www.facebook.com/1503333301/posts/10220322949212866/?sfnsn=mo

Read more here.

by Lawrence Agcaoili – The Philippine Star, 25 Sep 2021 MANILA, Philippines — Businesses turned pessimistic in the third quarter after three consecutive quarters of optimistic sentiment while the outlook of Filipino consumers remained bleak in the third quarter amid the resurgence of COVID infections.

by Louise Maureen Simeon – The Philippine Star, 23 Sep 2021 MANILA, Philippines — The Asian Development Bank (ADB) has retained its 2021 economic growth outlook for the Philippines at 4.5 percent, but warned of continued downside risks from more transmissible COVID variants that may lead to fresh spikes in cases and lockdown measures.

by Louise Maureen Simeon – The Philippine Star, 19 Sep 2021 MANILA, Philippines — The Philippines would have to wait until the second half of next year to see significant growth as risks of new COVID waves and still slow vaccination rollout are expected to hamper the country’s economic rebound.

by Ma. Aurora Geotina-Garcia – The Philippine Star, 15 Sep 2021 In March 2021, in an article entitled “Bridging Capitalism and Inclusion,” I wrote about the emergence of this philosophy upon which the Coalition for Inclusive Capitalism was formed. Quoting from their website, “We consider that inclusive capitalism is fundamentally about creating long-term value for…

by Lawrence Agcaoili – The Philippine Star, 12 Sep 2021 MANILA, Philippines — An elevated inflation and unemployment rate may create a downward drag on the faster recovery of the Philippines from the pandemic-induced recession, according to economists.

by Louise Maureen Simeon – The Philippine Star, 10 Sep 2021 MANILA, Philippines — The continued closure of schools in the Philippines will not only have long-term scars on students but will also cost the economy some P11 trillion over the next four decades.

Read more here.

Read more here.

by Rey Gamboa – The Philippine Star, 2 Sep 2021 The business mood has now become so dire, with the economy dragging its feet through another period of tight quarantines. The scant optimism felt during the second quarter of the year as the government announced the end of the recession with double-digit growth figures has…

by Louise Maureen Simeon – The Philippine Star, 1 Sep 2021 MANILA, Philippines — Economic recovery for the Philippines will continue to be tough, with its return to pre-crisis levels seen only by late 2023, the Asian Development Bank (ADB) said.

by Lawrence Agcaoili – The Philippine Star, 30 Aug 2021 MANILA, Philippines — The Philippines remains a laggard in the Association of Southeast Asian Nations (ASEAN) in terms of real gross domestic product (GDP) growth despite the strong double-digit expansion in the second quarter of the year, according to the DBS Bank Ltd. of Singapore.

By Mayvelin U. Caraballo, 28 Aug 2021 JAPAN’S global investment bank Nomura has tagged the Philippines as one of the “troubled 10” in emerging markets (EM) amid the potential of normalizing monetary policy in the United States and China’s weakening economy.

by Louise Maureen Simeon – The Philippine Star, 27 Aug 2021 MANILA, Philippines — The Philippine economy will have to wait until late next year to see a return to its pre-crisis levels as the pandemic continues to put a drag on the country’s much-needed rebound.

by Louise Maureen Simeon, The Philippine Star, 27 Aug 2021 MANILA, Philippines — Economic losses due to lockdown measures in Metro Manila and nearby provinces have gone down to P74 billion per week and may decline further to as low as P8 billion if restrictions are fully relaxed.

by Elijah Felice Rosales – The Philippine Star, 21 Aug 2021 MANILA, Philippines — The government and the private sector will take into consideration other data such as infection spikes and vaccination pace in crafting economic outlooks as these factors determine how the country will recover from the impact of the pandemic.

by Louise Maureen Simeon – The Philippine Star, 21 Aug 2021 MANILA, Philippines — The Philippines is not likely to see a strong performance in the second half, which will dampen its already reduced growth targets, as virus concerns remain a drag on recovery.