Projections

Socioeconomic Planning Secretary Arsenio Balisacan on Monday said the government seeks to cut the poverty incidence in the Philippines to just 16.6 percent by 2016, the year President Benigno Aquino III steps down from office.

The Philippine gaming industry will continue to ramp up materially over the next few years, Fitch Ratings said in a report released Friday.

The Philippine digital marketing industry is estimated to be worth P8 billion by 2016, requiring a surge of talent to meet the demand, said Michael Palacios, the newly inducted president of the Internet and Mobile Marketing Association of the Philippines (IMMAP), on Thursday.

UK firm warns of major setback in 2016 leadership change MANILA, Philippines – The Philippine economy is expected to continue expanding between 6.5 and seven percent in the next decade but London-based Capital Economics warned that the change in leadership in 2016 could be a major setback for the country.

MANILA, Philippines – The rapid outflow of foreign portfolio investments or hot money in the first three weeks of January may slow down soon as investors start looking again into the country’s strong macroeconomic fundamentals, the Bangko Sentral ng Pilipinas said yesterday.

MANILA, Philippines – Philippine economic expansion may not settle within the government’s 6.5 percent to 7.5 percent target this year, GlobalSource Partners said, amid a lack of new growth drivers.

MANILA, Philippines – Australia and New Zealand Banking Group Ltd. (ANZ) has revised its 2014 economic growth outlook for the Philippines to 7.3 percent after the gross domestic product (GDP) zoomed by a better-than-expected 7.2 percent last year.

MANILA, Philippines – Global research and consultancy firm Oxford Business Group said the growth in foreign direct investments (FDI) is expected to continue in the Philippines in 2014.

MANILA, Philippines – The Philippine economy is expected to slow down this year to 6.7 percent from 7.2 percent in 2013, due to modest growth in consumer spending as government projects have yet to fully take off, a Standard Chartered Bank official said.

MANILA, Philippines – The Philippine property sector is expected to continue to grow this year as the country is seen as one of the best investment sites in the region and as the business process outsourcing (BPO) sector continues to expand and create demand for office space as well as other real estate developments, consultancy…

The International Monetary Fund (IMF) has revised its forecast for the Philippine economy upwards as improving conditions in rich countries drive stronger demand for the nation’s exports.

MANILA, Philippines — What’s going to keep driving the growth of the Philippine property sector this year? Leading commercial real estate services firm CBRE Philippines is confident the Philippine property sector will continue to remain buoyant in 2014, as it says more foreign investors are finally recognizing the country as a top investment spot in…

The International Monetary Fund (IMF) on Wednesday raised its 2014 economic growth projection for the Philippines while cutting the regional outlook, saying Manila will get a boost from higher exports and the reconstruction of areas hit by Typhoon Yolanda.

MANILA, Philippines – Growth in emerging markets (EMs) and developing economies including the Philippines is expected to remain strong this year but the International Monetary Fund warned they may see further capital outflows amid continued volatility.

Reconstruction in areas devastated by Typhoon Yolanda is expected to fuel economic expansion this year MANILA – The Philippine economy again will grow faster than its neighbors but is unlikely to meet its target in 2014, according to the United Nations.

WASHINGTON – The International Monetary Fund raised its global growth forecast for the first time in nearly two years on Tuesday, saying fading economic headwinds should permit advanced nations to pick up the mantle of growth from emerging markets.

MANILA – The economy is expected to be robust at above 6-percent growth until President Aquino steps down in 2016, according to the latest report released by the World Bank.

MANILA, Philippines – The inflow of remittances from Filipinos abroad expected to remain strong this year on the back of continuing global and local economic growth, Standard Chartered Bank said in a research note.

Impact of ‘Yolanda’ less severe than expected The economic slowdown in the fourth quarter of 2013 resulting from Supertyphoon “Yolanda” could be less severe than initially anticipated, with growth during the period now seen to hit at least 6 percent.

Key interest rate hikes to temper inflation The Bangko Sentral ng Pilipinas may begin a monetary-tightening cycle to guard against inflationary pressures by the middle of this year, likely raising key interest rates by 50 basis points for the whole year and by another 50 basis points next year, European investment bank Credit Agricole CIB…

Despite inflation concerns, Bangko Sentral likely to maintain key interest rates Economic growth is seen to slow down to 6.1 percent this year, from the estimated 6.9 percent in 2013, partly due to the devastation caused by Supertyphoon “Yolanda” and the possible decline in consumption in view of the rise in inflation, Ayala-led Bank of…

Nakikita ni dating Budget Secretary Benjamin Diokno na hihina ang ekonomiya ng bansa ngayong 2014. Sa panayam ng DZMM, sinabi niya na kung ikukumpara noong nakaraang taon, mas mahihirapan ngayon ang pamahalaan na maabot ang 6.5% hanggang 7.5% na growth rate.

MANILA, Philippines – The Philippine economy is expected to sustain its strong growth next year and remain as one of the world’s fastest growing economies, Moody’s Analytics said yesterday.

The Philippine economy will be among the world’s fastest-growing in 2014 amid global headwinds that threaten to slow down the expansion of other emerging markets.

The government sees the economy growing by 7 percent for the whole of 2013 despite the damage from a string of natural calamities including Typhoon Yolanda, the strongest typhoon to make landfall on record.

MANILA, Philippines – Standard & Poor’s Financial Services (S&P) said the Philippines will continue to reflect strong growth in 2014 compared to the rest of the countries in the Association of Southeast Asian Nations (Asean).

The Philippines’ economy has enough fuel to withstand the risks posed by the damage caused by killer Typhoon Yolanda and the eventual tapering of the US Federal Reserves’ bond purchases, debt-watcher Moody’s Investors Service said.

The Philippines and Malaysia are expected to lead growth in Southeast Asia until 2015, thanks to reforms and projected roll-out of major infrastructure projects, British financial services giant Barclays Plc. said over the weekend.

MANILA – The country’s business process outsourcing (BPO) industry increased its revenue target for this year, citing greater interest in the Philippines as an outsourcing destination.

THE information technology and business-process outsourcing (IT-BPO) industry is likely to exceed its target of raking in $25 billion in revenues by 2016 due to the faster year-on-year growth of 19 percent that it has been experiencing.