Projections

FINANCE Secretary Cesar Purisima said Sunday the economy would comfortably achieve 5-percent growth this year, which would be two or three percentage points off the government’s “aspirational target” of 7 to 8 percent.

MANILA, Philippines – Exports for the second half of the year are expected to skyrocket and could even exceed the target growth rate of 10 percent, the Department of Trade and Industry (DTI) said yesterday.

MANILA, Philippines –  The Aquino administration will still strive to attain the seven percent to eight percent economic growth target this year by accelerating state spending, Finance Secretary Cesar Purisima said yesterday.

MANILA, Philippines – British-owned Standard Chartered Bank revised upwards its 2011 economic growth forecast for the Philippines to 5.7 percent from the original 5.4 percent.

THE Philippine semiconductor and electronics industry on Wednesday cut its exports outlook following the disasters in Japan and the political tension in Middle East and Northern Africa (MENA).

MANILA, Philippines – Investment bank Barclays Capital now sees a slower growth in the amount of money sent home by Filipinos abroad this year despite the projected pick up in the second quarter of the year in light of the scheduled school opening in June.

ECONOMISTS said the Philippines’ slowdown in the first quarter augurs weaker growth for the rest of the year.

MANILA, Philippines –  Private economists and analysts see a higher inflation of 4.9 percent this year and 4.8 percent next year due to the continued tensions in Middle East and North African (MENA) states as well as rising oil and food prices in the world market, a survey conducted by the Bangko Sentral ng Pilipinas…

INFLATION will be more stable in the second quarter of the year given the price movements in recent months, according to First Metro Investment Corp. and University of Asia and the Pacific (FMIC-UA&P).

The Bangko Sentral said the latest increase in its borrowing rate will not derail economic growth in the Philippines this year.

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.

THE government on Monday allayed inflation fears, saying prices should decline toward the latter part of the year to conform to the Bangko Sentral’s inflation expectations.

WASHINGTON, D.C.: Turmoil in Japan could spell higher costs and choppy sales for US firms, according to a survey of trade economists published Monday, showing jitters and uncertainty about the impact of the crisis.

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.

A GLOOMY scenario in politics but good vibes for popular television host Willie Revillame is what a famous psychic sees in the future.

MANILA, Philippines – The International Monetary Fund (IMF) raised its inflation forecast for the Philippines to 4.9 percent instead of 3.9 percent this year amid the escalating global oil and food prices but retained the country’s economic growth forecast.

MANILA, Philippines – Japanese-owned Nomura International (HK) Ltd. sees inflation rising fastest in the Philippines, peaking to 15.4 percent in the second quarter of next year in case commodity prices rise 10 percent this year and by five percent next year.

THE World Bank and other development partners of the Philippines have expressed confidence that the newly unveiled 2011-2016 Philippine Development Plan (PDP) would spur economic growth in the country for the next six years.

THE public-private Export Development Council (EDC) is assessing the potential effect of the disasters in Japan to Philippine exports in the long-term, although officials said that the impact would likely be minimal.

MANILA, Philippines – The country is expected to hit its export targets despite of the work disruption in Japan and the crisis in the Middle East, the Philippine Exporters Confederation Inc. (Philexport) said.

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.

THE Bangko Sentral ng Pilipinas (BSP) on Tuesday said inflation will likely exceed its target range in the coming months.

MANILA, Philippines –  The Bangko Sentral ng Pilipinas (BSP) sees inflation breaching the higher end of its full-year target of three percent to five percent in the next few months due to escalating global oil and food prices.

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.

Bangko Sentral Governor Amando Tetangco Jr. conceded Tuesday that inflation rate may exceed the government’s target range by the second or third quarter this year, which could prompt the monetary board to raise further its borrowing cost.

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.

MANILA, Philippines – UK-based Credit Suisse sees the country’s inflation kicking up to 5.4 percent this year, breaching the higher end of the three percent to five percent target set by the Bangko Sentral ng Pilipinas (BSP).