Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
(Eagle News) — Because of the slowdown in the global economy and Philippine domestic investment, Asian Development Bank (ADB) has revised the country’s economic growth this year to 6 percent, down from the previous forecast of 6.4 percent. In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2019, ADB revised its forecast for Philippine gross domestic product (GDP) growth to 6.0% in 2019 and 6.2% in 2020, against its previous […]
(Eagle News)–The country’s economy grew year-on-year by 5.5 percent in the second quarter of 2019, the Philippine Statistics Authority reported on Thursday, Aug. 8. According to the PSA, main drivers for the Philippines’ economic growth were the following: Trade and Repair of Motor Vehicles, Motorcycles Personal and Household Goods Manufacturing Other Services The PSA said of the major economic sectors, services grew the fastest with 7.1 percent. This was followed by industry, at 3.7 percent, […]
(Eagle News)—The Palace on Thursday, May 9, said the future “looks bright” for the Philippines despite the country’s Gross Domestic Product growth slowdown in the first quarter of 2019. In a statement, Presidential Spokesperson Salvador Panelo said the 5.6 percent Gross Domestic Product growth, a four-year low, was caused by the budget impasse which “has now been resolved.” He added the slowdown was also due to a “nearly flat agriculture output posting 0.8 percent, which […]
(Eagle News) — The Philippine economy posted a 6.2 percent growth in 2018, the Philippine Statistics Authority announced on Thursday, Jan. 24. This was after the economy posted a 6.1 percent growth in the fourth quarter of 2018. According to the PSA, this was higher than the 6.0 percent recorded in the third quarter of 2018. It said it was, however, lower than the 6.5 percent recorded in the same quarter in 2017. https://youtu.be/r2eDNstOiM8
(Eagle News) – Inflation, or the increase in prices of goods and services, for November, slowed down to 6 percent, according to the latest data from the Philippine Statistics Authority. This was much lower than October’s 6.7 percent, and was within the lower end of the projection of the Bangko Sentral for inflation between 5.8 percent and 6.6 percent. It is also lower than the 6.3 forecast of the Department of Finance. According to the […]
(Eagle News)—-The national government’s debt in July registered an increase from the previous month’s level, the Bureau of Treasury reported on Friday, Aug. 31. In a statement, the BTr said the P7043.59 billion registered as of the end of July was a P27.4 billion increase, or a 0.4 percent increase. It said the increase was “due to net availments on both domestic and foreign obligations.” “Of the total stock, 34.68 percent were sourced externally, while […]
(Eagle News)–Philippine economic growth slowed down to 6 percent in the second quarter, the government reported on Thursday, Aug. 9. In the same quarter last year, Philippine economy grew by 6.7 percent. According to the PSA, the services sector grew by 6.8 percent. This was followed by industry, at 6.3 percent; and agriculture at 0.2 percent.
(Eagle News) — The Palace on Thursday, July 12, lashed out at Vice President Leni Robredo after she told President Rodrigo Duterte to just focus on the economy following his “incompetent” remark against her. According to Presidential Spokesperson Harry Roque, in the first place, “Madame Vice President, wala pong problema ang ekonomiya.” Roque noted that the Philippine economy has been dubbed as the “second-fastest growing” in the world, with the IMF retaining its gross domestic product […]
(Eagle News) — Inflation accelerated further, marking a record in at least five years, the Philippine Statistics Authority said on Thursday, July 5. The PSA said June’s inflation was “primarily brought about by higher annual rate posted in the heavily-weighted food and non-alcoholic beverages index at 6.1 percent.” In May, inflation was at 4.6 percent. According to the PSA, the acceleration was due to faster increases in the prices of housing, water, electricity, gas, and other […]
(Eagle News)–The Philippines can achieve upper-middle income status by the end of 2019, the National Economic Development Authority said. Neda said in its Socioeconomic Report 2017 launched on Tuesday that this was possible because of the country’s “strong economic growth performance..in 2017..” The country was also able to achieve gross national income per capita growth rate of 4.8 percent, which Neda said was higher than the target of 4.5 percent. Neda Undersecretary and officer-in-charge Rosemarie Edillon said 2019 is […]
(Eagle News) — Pretty soon, the Philippines will no longer be the “sick man of Asia.” Senator Sherwin Gatchalian made the statement on Tuesday, days after a US News report said the Philippines was the best country to invest in this 2018. The Philippines bested Singapore, Indonesia, the United Kingdom, among others, in the list that was based on a study that polled over 21,000 people worldwide. The study sought to measure the respondents’ perceptions […]
(Eagle News) — The Philippine economy posted a growth of 6.6 percent in the fourth quarter of 2017, the Philippine Statistics Authority reported on Tuesday. In a press conference, National Statistician Lisa Grace S. Bersales said that the gross domestic product was driven primarily by the industry sector, which posted a growth of 7.3 percent in October to December. With the 6.6 percent growth in the fourth quarter of last year, the Philippine economy posted a […]
