Economy

MANILA – Is the Philippines emerging as an investor safe haven against economic weakness in the West and potential turbulence in China? A Bank of America-Merrill Lynch survey shows global fund managers have increased their “overweight” investment positions in the Philippines, making it the survey’s third-most preferred market in the world trailing only China and…

The thing certain with international factors affecting this year’s economic performance is that they are uncertain. Hence, we expect, as in the past, economic volatility. Economic and business expectations definitely have to factor in these uncertain events to manage the year right.

WHILE former President and incumbent Rep. Gloria Arroyo of Pampanga province has blamed the Aquino administration’s alleged “politics of division” as the reason for the economy’s growth rate to drop, the Philippine Chamber of Commerce and Industry (PCCI) cited global factors for the current economic slump the country is experiencing.

IMPROVED fiscal situation will allow Southeast Asian economies, particularly the Philippines, to weather the global economic downturn and turbulence, according to the Bank of America (BofA) Merrill Lynch.

GLORIA CALLS NOY ‘LAZY, VISIONLESS, OBSESSED WITH POLITICAL WARFARE’ Former President Gloria Arroyo didn’t say “It’s the economy, Stupid in her article read by a US-trained economist, but it had the same ring as the slogan used by then US presidential candidate, Bill Clinton, who ended up winning the presidency twice.

In the private sector economy, economic growth is sensitive to domestic and international influences. With respect to domestic factors, what the government does or does not do could be of great consequence. Economic policy and the magnitude of government spending are manifestations of the influence of government on the economy.

Contrary to President Aquino’s claim that the country, under his watch, has changed for the better, more Filipinos believe the economy worsened in 2011, according to the latest Pulse Asia survey.

THE numbers say it all. By the count of The Conference Board, a high-powered New York-based grouping of leading companies and experts from around the world, the contribution of developing economies to the 3.2-percent global growth projected next year would be more than four times that of rich countries: 2.5 vs. 0.6 percentage points.

The Aquino administration gave a lofty seven percent economic growth target for this year despite failing to achieve a five percent goal for last year as the estimate for growth for the whole year will be lower than 4.5 percent.

NEWS ANALYSIS MANILA: Economic managers of the Philippine government have said that the country’s gross domestic product ( GDP) would grow by 5 to 6 percent this year despite uncertainties in the global economy.

SPECIAL REPORT: CHINA In reaction to the global economic slowdown, China in 2012 and beyond aims to focus on growing domestic consumption and correcting imbalances in its development, officials said.

The Bangko Sentral ng Pilipinas (BSP) gave a five to six percent growth forecast this year but warned that the local economy may be affected by a prolonged political conflict in the country involving the branches of government, highlighted by efforts to oust Chief Justice Renato Corona.

MANILA, Philippines – The Department of Budget and Management (DBM) said yesterday there is no need for another stimulus package at this time to spur economic growth given the available budget for various projects to be released immediately.

MANILA, Philippines – The Philippine economy is likely to expand by at least six percent this year as government spending improves, an economist said in a report.

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MANILA, Philippines – Monetary authorities are gearing up for more economic uncertainties next year as growth in emerging East Asia is expected to remain weak due to the global economic crisis. Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said the necessary economic, fiscal, and financial reforms that are crucial to restoring the sustainability of…

MANILA, Philippines – The Philippine economy struggled under the weight of weak public spending and the crises – financial and natural – in the world’s major economies, but has remained resilient in the first full year of the Aquino administration. According to latest economic data, the Philippine economy, as measured by the gross domestic product…

The World Bank (WB) expects a low growth scenario for the economy this year and next mainly as a result of the still weak global market and largely due to the Aquino administration’s underspending of the budget.

Another global recession could cut gross domestic product growth in the Philippines to 1 percent in 2012, similar to its economic performance in 2009, the World Bank warned Tuesday.

MANILA, Philippines – The Philippine economy may still grow by 5.5 percent this year, which is the upper end of the government’s official forecast of 4.5 percent to 5.5 percent, Socioeconomic Planning Secretary Cayetano Paderanga Jr. said on Thursday.

MANILA, Philippines – New York-based Moody’s Investors Service sees the Philippine economy expanding by five percent next year from about 4.5 percent on the back of strong remittances from overseas Filipino workers as well as higher government spending arising from the Aquino administration’s public private partnership (PPP) program.

The government has released P61.28 billion or 85 percent of the stimulus package as it tries to catch up on its spending to spur economic growth in the fourth quarter, Budget chief Florencio Abad said on Tuesday.

MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) yesterday slashed anew the economic growth forecasts and the inflation projections for the Philippines this year.

The International Monetary Fund on Monday said the Philippine government should spend more next year to support the domestic economy amid the expected weakness in the global environment.

Underspending under the Aquino administration is the major thorn for growth as the International Monetary Fund (IMF) cited the withholding of the state budget for its decision to reduce growth forecast for the Philippines by a full point to 3.7 percent for this year from an initial estimate of a 4.7 percent growth.

JUST A LITTLE OVER HALF of a stimulus package has been disbursed by the government, which has just two weeks left in the year to spur the economy through public spending.

The Aquino administration submitted to Congress a budget for 2011 that is based on a GDP growth prospect of 5%, and an aspirational target growth of 7 to 8%. A year later, for 2012, it submitted a budget that is based on a slightly faster growth prospect of 5.5 to 6.5%, and with the same…

WEAK government spending and political uncertainty are just some of the reasons why the Philippines has been outperformed by most of its Asian neighbors, a study sponsored by the International Monetary Fund showed.

THE Asian Development Bank on Tuesday cut its growth forecast for the Philippines’ gross domestic product to 3.7 percent this year from 4.7 percent earlier as a result of the global economic downturn.

Opposition criticizes the President for ‘amateurish and clumsy’ leadership, saying high ratings cannot feed the poor THE Philippines is preparing for a deep global economic downturn next year following an Asian Development Bank warning it could happen, President Benigno Aquino III said Wednesday.