Economy

MANILA, Philippines – The International Monetary Fund (IMF) will look into the country’s progress on the fiscal and monetary side and assess the two-year old Aquino administration through a short staff visit, which will commence today.

SINGAPORE—Singapore, Hong Kong, Taiwan and South Korea are projected to be the world’s richest economies on a per capita basis by 2050 as the region’s rapid growth boosts wealth creation, a study showed.

President Benigno Aquino wants more evidence before supporting the Enrile-Belmonte initiative to amend the restrictive economic provisions of the Constitution. In several columns, I have presented the case for these amendments.

The Philippines can achieve a five to six percent nominal gross domestic product (GDP) growth by end of 2012 and six to seven percent by 2013, the Development Budget Coordination Committee (DBCC) predicted.

AS the saying goes: when it rains, it pours. As a consequence of the monsoon rains and floods, and three discouraging economic news, the first-quarter gross domestic product (GDP) growth of 6.4% has been virtually washed away. What remains is an economy that is facing a deflated growth prospect.

Did you know that our economy is even more Manila-centric now than it was 10 years ago? Our friends from Mindanao and the Visayas won’t be jumping for joy on this news, having long lamented that our economic activities are much too concentrated in Metro Manila and its surrounding provinces. Unfortunately, this geographically skewed nature…

President Benigno Aquino III wants to win the Philippines a credit rating update and bring in more foreign investment, and he claims to have made progress in his campaign against corruption.

KAMPALA — New discoveries of natural resources in several African countries — including Ghana, Uganda, Tanzania, and Mozambique — raise an important question: Will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries?

FIRST there was the Goldman Sachs (GS) paper, circa 2005, that included the Philippines among the so-called Next Eleven (N-11), referring to the 11 countries that had a high potential, together with the BRIC (Brazil, Russia, India, China), to give the G7 (US, UK, France, Germany, Italy, Japan, Canada) a run for their money, in…

HONG KONG — Asia has been a ray of sunshine in the global economic gloom, but a confidence survey released Wednesday shows the region’s executives are starting to worry as China’s growth slows and exports sink.

MANILA, Philippines – The Philippine economy, as measured by gross domestic product (GDP), could grow anywhere from 4.8 percent to 5.9 percent this year, the Congressional Policy and Budget Research Department (CPBRD) said yesterday.

Appointed only two months ago by President Aquino as the chief of the National Economic and Development Authority, former UP School of Economics dean Arsenio Balisacan seems to have fast caught the yellow I-hate-Arroyo bug that afflicts this administration.

There’s trouble in the European Union (EU) and the situation is likely to get worse before it gets better. At the heart of the problem is the euro, the common and exclusive currency of the 17 nations that comprise the eurozone. The eurozone is not the EU, which has 27 member states. The 17 eurozone…

ANALYSTS have cast doubt on growth targets the Aquino administration has set for the remainder of its term, describing these as too bullish given uncertainties. Slower export growth expectedPopulation management needed to spur growthPhilippines could be ‘next rising star’Philippines seen better positioned in ASEANEconomic planner sees Q2 growth ‘close’ to 6.4%

MANILA, Philippines – To project where the Philippine economic growth will be heading, watch how the eurozone crisis is unfolding and how it will affect China. This was the message of Socioeconomic Planning Secretary Arsenio Balisacan to reporters during a press briefing on Wednesday, July 11, days after the interagency Development Budget Coordination Committee (DBCC)…

HERE’S a puzzler: The factors that pulled down last year’s growth—low export activities and government underspending—are now the very same ones pushing the economy to greater heights.

The report that Speaker Feliciano Belmonte of the House and Senate President Juan Ponce Enrile will revive discussions to amend the restrictive economic provisions of the Constitution brings back to life an important issue of economic policy. It had been completely eclipsed when political theater got dominated by the impeachment of the Chief Justice.

MANILA, Philippines – The economy is projected to grow by six to seven percent next year and accelerate to 7.5 to 8.5 percent in 2016, according to Budget and Management Secretary Florencio Abad, citing the latest macroeconomic assumptions approved by the interagency Development Budget Coordination Committee (DBCC).

MANILA – President Benigno Aquino III’s new socioeconomic planning chief on Monday said Gloria Macapagal-Arroyo’s term as president coincided with the Philippines’ “lost decade,” a period marked by moderate economic growth coupled with high income inequality.

The International Monetary Fund (IMF) lowered yesterday its 2012 growth forecast for the US, a major trading partner of the Philippines, but the Bangko Sentral ng Pilipinas (BSP) believes that this will have limited impact on the domestic economy.

MANILA, Philippines – Weaker global growth has taken its toll on emerging Asia’s own growth prospects due to dwindling exports, Fitch Ratings said in a new report released yesterday.

Lacking much to boast about for President Aquino’s two years in office, his propagandists have turned to Morgan Stanley managing director Ruchir Sharma’s raving over him in his book “Breakout Nations: In Pursuit of Economic Miracles.”

STANDARD & POOR’S (S&P) has raised the Philippines’ credit rating to one notch below investment grade, citing the country’s prudent fiscal management, strong external position and stable economic growth.

SENATE President Juan Ponce Enrile gives the two-year-old Aquino administration a passing grade, saying the economy is performing well based on the stability of the exchange rate, inflation and interest rates. He says that while employment generation has been sluggish, that is due in part to the economic problems of industrialized countries, including some members…

THE PHILIPPINES’ 2012 growth forecast could be raised by the Asian Development Bank (ADB), with its country chief noting improved investor sentiment, recent ratings developments and fiscal gains.

Perceptive observers of economic development discussion in the country will notice that these days, there is much reference to “inclusive” development. This terminology is only of recent origin.

As the world leaders and the International Monetary Fund gather in Los Cabos, Mexico on Monday fretting on Europe’s uncertain future and trying to inject new confidence in the deteriorating global economy, a Filipino economic team, sans the NEDA Director General, is touring the United States on what is called a non-deal road show. The…

DAVAO CITY—Unlike developed economies, the Philippines has a current and definite advantage: a steady supply of a young work force capable of sustaining its economic growth, the Bangko Sentral ng Pilipinas (BSP) said.

There is no excerpt because this is a protected post.

MANILA, Philippines – Investment banks and think tanks upgraded their economic growth forecasts for the Philippines after it posted a stronger-than-expected gross domestic product (GDP) growth of 6.4 percent in the first quarter of the year. New York-based think tank Global Source Partners upgraded the country’s GDP growth forecast to five percent instead of 4.5…