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MANILA, Philippines (Eagle News) — Lalago umano ng 7.5 percent ang ekonomiya ng Pilipinas ngayong taong 2018, dahil sa fiscal spending sa imprastraktura. Ayon ito sa First Metro Investment Corporation at University of Asia and the Pacific. Paliwanag ni UA & P Economist Victor Abola, ang pangunahing factor sa paglago ng ekonomiya ng bansa ay ang massive infrastructure spending program. Plano ng gobyero na gumastos ng P8 trilyon para sa “golden age of infrastructure” sa […]
Growth forecast for 2018 still at 6.7 percent (Eagle News) — The World Bank has raised its growth forecast for the Philippines for this year to 6.7 percent. In a statement, the bank said the 0.1 percent increase was following “a stronger than expected growth of 6.9 percent in the third quarter and a revision of GDP growth for the second quarter, from 6.5 to 6.7 percent..” “Continued global economic recovery gaining steam has led […]
MANILA, Philippines (AFP) — The Philippines on Monday was handed a credit rating upgrade from international agency Fitch which raised the nation’s sovereign rating by one level, citing continued investor confidence despite a deadly drug war. President Rodrigo Duterte has launched an unprecedented crackdown on drugs that has killed thousands and sparked widespread condemnation of alleged extrajudicial killings from rights groups and Western powers. The bloody campaign has also risked detering investors from one of […]
QUEZON CITY, Philippines (Eagle News) — The Philippine economy was able to post a 6.9% growth rate during the third quarter of 2017. This is higher compared to the 6.7% growth rate of the 2nd quarter of 2017. According to National Statistician, Dr. Liza Grace Bersales, the industry sector posted the highest growth rate of 7.5%, followed by the service sector with a growth rate of 7.1%.
(Eagle News) — The International Monetary Fund’s outlook for the Philippine economy remains “favorable despite external headwinds.” In a statement, the IMF predicted the country’s Gross Domestic Product growth at 6.6 percent for 2017 and 6.7 percent for 2018. It said this was “owing to continued robust domestic demand.” “Inflation is expected to stay near the center of the (Bangko Sentral ng Pilpinas’) target band due to stable commodity prices and well-anchored inflation expectations. The current […]
The Philippine economy should continue to grow robustly in the short term despite threats, Moody’s Investors Service said. In a report, the credit ratings agency said the “re-emergence of conflict in the southern Philippines, as well as the Duterte administration’s focus on the eradication of illegal drugs,” are an “unlikely risk of a deterioration in economic performance and institutional strength” despite them being “rising” threats. According to Moody’s, sound economic and fiscal policies including a focus […]
The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday. “I am pleased to inform you that we remain as one of the best-performing economies in Asia,” Economic Planning Secretary Ernesto Pernia said in a speech to announce gross domestic product growth for the second quarter. “We are well on track to meeting our full-year target growth of 6.5-7.5 percent,” he […]
(Agence France Presse) — Top Philippine conglomerate San Miguel said on Thursday it had acquired an Australian wine bottling firm as part of its regional expansion. Packaging unit San Miguel Yamamura Packaging International bought Australia’s Barossa Bottling Services for an undisclosed amount, a San Miguel statement said. “We remain bullish on the Australasian market and will continue to look for bigger and better opportunities in that region,” San Miguel president and chief operating officer Ramon […]
(Eagle News) — The Philippine economy grew a solid 6.8 percent in 2016, surpassing even China, and considered one of the fastest rates in Asia last year. Data provided by the Philippine Statistics Authority showed that the Philippine economy was even faster that China (6.7 percent), and Vietnam (6.2 percent) reflecting the fastest Gross Domestic Product growth in Asia. Finance Secretary Carlos Dominguez III said that this proved that the economy is in “pretty good […]
QUEZON City, Philippines (Eagle News) — Malacañang allayedfears of the business sector regarding the interest rate hike implemented by the United States Federal Reserve. According to Finance Secretary Carlos Dominguez, the country’s macroeconomic fundamentals remain strong and that the Duterte administration has many massive infrastructure projects that will bring in needed cash.
(Eagle News) — The country’s Gross Domestic Product (GDP) grew year-on-year by 7.1 percent in the third quarter of 2016, which comprised the first three months of the administration of President Rodrigo Duterte, according to the Philippine Statistics Authority. The growth in the Philippine economy was notable as it was higher than the growth rates of 7.0 percent in the second quarter of 2016, and 6.2 percent in the third quarter of 2015. With […]
QUEZON City, Philippines (November 14) – A lot has been said about the state of the Philippine economy after the first 100 days of President Duterte’s Administration. Critics were quick to say that the economy has weakened. Shuli Ren in his article in Barron’s Asia website cited the 0.6% drop in the Philippine Stock Market right after US President Obama cancelled his meeting with President Duterte following Duterte’s harsh remarks after the media asked him what […]
