Economy

We find ourselves in a catastrophic predicament. All of us. Do not blame governments, presidents, scientists, economists, or political parties. Do not panic. Remain calm and sensible. We must take responsibility for ourselves, wherever we live – and band together as never before if we are to survive.

Growth in the Philippines is expected to slow down and level off to five per cent a year until next year after last year’s record 7.3 percent growth, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook.

WASHINGTON—A key credit agency issued an unprecedented warning to the United States government Monday, urging Washington to get a grip on its finances or risk losing the nation’s sterling credit rating.

Government economic managers have updated their economic assumptions for the year, taking into account the latest developments in other countries that are expected to affect the flow of funds into the Philippines.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees the country’s strong economic momentum stretching until next year on the back of robust domestic demand and rising capital formation.

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Growth in the Philippines is slowing this year, after peaking to 7.3 percent in 2010, based on advanced information on the direction of the country’s economic activity.

President Aquino was challenged yesterday to clearly define the direction of the supposed “daang matuwid” or straight path he had been crowing about after the latest survey of the Hong Kong-based Political and Economic Risk Consultancy Ltd. (Perc) showed the Philippines did not improve from its spot of being perceived the third most corrupt nation…

MANILA, Philippines – After six consecutive quarters of upswing since the fourth quarter of 2009, economic activity may slow down in the second quarter of the year.

MANILA, Philippines – Filipino consumers were more pessimistic in the first quarter of the year because of rising oil and food prices, and natural disasters that occurred overseas, according to the 1st Quarter 2011 Consumer Expectation Survey (CES) conducted by the Bangko Sentral ng Pilipinas (BSP).

MORE than a fourth of Japanese firms operating in the Philippines have suffered delays in production resulting in the cancellation of orders because of the disaster in Japan, according to the Japan External Trade Organization (Jetro).

MANILA, Philippines –  The Philippines is keeping this year’s target of a seven percent to eight percent growth despite uncertainties in the Middle East and Japan, the country’s socioeconomic chief said yesterday.

The National Economic and Development Authority on Tuesday presented the economic blueprint for the next six-years, committing to achieve a rapid economic expansion that will generate more jobs and reduce poverty in the country.

MANILA, Philippines – New York-based think-tank Global Source Partners has downplayed the impact of the ongoing tensions in Middle East and North African (MENA) nations as well as the magnitude 8.9 earthquake and that devastating tsunami in Japan on the Philippine economy.

IN WAKE OF MIDDLE EAST, JAPAN CRISES THE Philippine central bank revised downwards its economic growth forecast for the country, as the Aquino administration’s economic managers braced for a slowdown amid the political tensions in the Middle East and North Africa (MENA), as well as the disaster in Japan.

MANILA, Philippines – The Aquino administration is keeping the economic growth targets for the year at seven percent to eight percent despite the huge blows that the economy may experience as a result of the earthquake that battered Japan last March 11.

Technology firms are facing major disruption to supplies in the wake of the earthquake and tsunami which have devastated parts of Japan.

THE Bangko Sentral said Monday it will review its economic assumptions for the year, including remittance and inflation forecasts, taking into consideration the recent earthquake and tsunami and Japan as well as the political tension in the Arab nations.

CONSENSUS is building up both in government and in the private sector that this year’s economic growth target would not be met.

MANILA, Philippines –  US investment bank Citigroup has upgraded the country’s growth forecast this year after the Philippines posted its strongest economic growth in 34 years last year.

MANILA, Philippines – The International Monetary Fund (IMF) yesterday urged the Aquino administration to broaden its tax base and strengthen tax administration by overhauling its excise tax system on sin products and rationalizing its fiscal incentives to raise much needed revenue to bankroll social and infrastructure spending.

THE PHILIPPINES’ growth potential has increased but policy and fiscal reforms are needed, the International Monetary Fund (IMF) said in reports released yesterday.

MANILA, Philippines – The Philippines was ranked third in a global survey on business optimism, reinforcing the renewed confidence of businessmen in the country’s economic environment.

MANILA, Philippines – Businessmen expect a more buoyant economy this year as business optimism hit a new all-time high for the next quarter after a slight dip in the current quarter due to the usual slowdown in business activity after the Christmas and harvest seasons, results of a survey conducted by the Bangko Sentral ng…

Citigroup notes potential high growth rate MANILA, Philippines—Global banking giant Citigroup has identified the Philippines as one of 11 countries that will likely stand out in a globally integrated economy in terms of high growth rates and investment returns over the next 40 years.

MANILA, Philippines – The World Bank (WB) forecasts the Philippine economy to grow around 5 percent in 2011 and 5.4 percent in 2012, but could be higher if investment climate continues to improve.

MANILA, Philippines – The conditions are ripe for the Philippines to break free from years of subpar growth but an environment that draws and keeps investors is needed, the chief of the oldest foreign bank in the country said.

MANILA, Philippines – The Philippine economy will likely fall short of the government’s 7%-8% growth target this year and will expand at an even slower pace towards 2015, an analysis of International Market Assessment (IMA) Asia showed.

MANILA, Philippines – The National Economic and Development Authority (NEDA) said it is not ready to recommend to the interagency Development Budget Coordinating Committee (DBCC) upward changes in this year’s economic growth projections despite the higher-than-expected performance of the economy last year.

THE economy unexpectedly accelerated last quarter as investment and consumption rebounded, spurring expansion in 2010 to the fastest pace since the Marcos era.