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SWS: Q4 self-rated poverty 3 points down

THE NUMBER of families considering themselves as mahirap or poor dropped 3 points to 44% (est. 10.0 million) in the Social Weather Stations’ (SWS)...

Investors flocking to equities amid continued strength

INVESTORS are shifting their attention to the equity market from the low-risk bond mart, as the bellwether index is seen breaching the 10,000 level...

Liquidity, lending growth decelerate in November

By Melissa Luz T. Lopez, Senior Reporter MORE MONEY circulated in the economy as of November on the back of sustained bank lending, although growth...

Agriculture trade deficit narrows in Q3

By Mark T. Amoguis, Researcher THE TRADE DEFICIT in agriculture commodities narrowed in the third quarter, the Philippine Statistics Authority (PSA) said on Friday. Data from...

Gov’t targets 2-4% headline inflation until 2020

By Melissa Luz T. Lopez, Senior Reporter THE GOVERNMENT has kept its 2-4% inflation target until 2020, with the central bank seeing that price increases will...

Palace cites drug war, budget, TRAIN among achievements

THE TAX reform program as recently passed by Congress, the national budget next year, and the controversial anti-drug campaign are among the highlights of...

World Bank sees 6.7% GDP growth this year

THE WORLD BANK has raised its economic growth forecast for this year on the back of upbeat expansion in the second and third quarters. The...

Exports up 6.6% in October, top target

Merchandise exports grew by 6.6% to $5.366 billion in October, bringing total exports on track to beat the official target, data from Philippine Statistics...

Philippines moves further up investment grade

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES bagged a credit rating upgrade from Fitch Ratings on the back of continued solid economic growth, supported...

DOTr signs contracts for PNR, LRT-1 extension projects

THE Department of Transportation (DOTr) and consultants of the NSTRen Consortium signed on Friday a contract for construction of the Philippine National Railway Clark...

Peso drops due to upbeat US data

THE PESO ended its rally against the dollar on Friday due to upbeat US economic data as well as profit-taking. The local currency finished at...

Inflation rate expected to stay elevated

By Melissa Luz T. Lopez Senior Reporter and Elijah Joseph C. Tubayan Reporter INFLATION in the last two months of the year could match October’s pace, a senior...

IMF sees PHL credit rise easing

CREDIT GROWTH in the Philippines may slow next year, an official of the International Monetary Fund (IMF) said, with such deceleration expected to allay...

PHL economy poised to sustain growth momentum

By Melissa Luz T. Lopez, Senior Reporter THE Philippine economy will maintain an above-6% expansion in 2018 supported by “broad-based” growth drivers, a local think...

PHL, China sign agreement for maiden panda bond issuance

THE Philippine government and the Bank of China (BOC) on Thursday signed the underwriting agreement of the country’s maiden issuance of $200 million worth...

BAP looks to develop digital identity technology for banks

THE Bankers Association of the Philippines (BAP) has partnered with a technology and consulting company to develop an industry-wide facility to enhance the country’s...

Economic expansion in Q2 faster than initially estimated — PSA

THE PHILIPPINE ECONOMY in the second quarter grew at a faster pace than previously reported, the Philippine Statistics Authority (PSA) said a day before...

OECD sees faster 2nd half PHL growth

By Elijah Joseph C. Tubayan Reporter PHILIPPINE gross domestic product (GDP) growth should pick up slightly this semester from the first half’s 6.45% average on the...

Security, integration top ASEAN dialogue concerns

THE FOLLOWING are the outcomes of the Association of Southeast Asian Nations (ASEAN) dialogues with its global partners at the 31st ASEAN Summit: HONG KONG:...

Banks see interest rates rising

By Melissa Luz T. Lopez Senior Reporter INFLATION could hover close to four percent next year on the back of accelerating oil prices and tax-related adjustments,...

Burned Southeast Asia craves Trump love after trade rebuff

Donald Trump is more popular in Southeast Asia than almost anywhere else. After years of being chided by Barack Obama over human rights, some of...

Do you know your TPPs from your RCEPs, NAFTAs and OBORs?

Danang, Vietnam -- In the world of trade diplomacy, the acronym is king. As world leaders descend on the Vietnamese city of Danang for the...

Poll bares expectation of faster growth

By Lourdes O. Pilar Researcher ANALYSTS expect the country’s overall economic growth to have stayed above six percent last quarter on the back of strong domestic...

Eyes on Philippines as it winds down stint at region’s helm

By Maria Eloisa I. Calderon Editor-at-Large THE PHILIPPINES’ stint as chairman of the Association of Southeast Asian Nations (ASEAN) this year is winding down: the bloc’s...

FDI, trade, factory data pull Q3 GDP growth in opposite directions

By Elijah Joseph C. Tubayan, Reporter, Jochebed B. Gonzales, Senior Researcher, and Minde Nyl R. dela Cruz THE GOVERNMENT on Friday released foreign investment, trade...

DoF confident infra will sustain 7% GDP growth

THE GOVERNMENT is confident the economy will sustain a 7% growth rate over the medium term, the Finance department said. “The 6.5% growth for the...

The Philippines looks to foreign investment to liberalize trade

With an eye on reversing a dip in foreign direct investment (FDI), the Philippines has proposed a series of reforms aimed at increasing trade...

Confidence of CEOs high even as it slips

THE PHILIPPINES is expected to be among Asia Pacific’s “biggest domestic investment winners” this year, according to an annual survey of multinational professional services...

IMF flags sources of domestic risk

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK should be ready to deploy its tools to temper rapid credit growth in the Philippines, the...

Yellen’s bequest: a healthy economy and questions over Fed’s future policy

WASHINGTON -- US Federal Reserve Governor Jerome Powell will inherit healthy economic growth and a consensus on monetary policy at least for the next...

BSP lowers risk weighting for MSME loans vis CSFs

By Melissa Luz T. Lopez, Senior Reporter LOANS to small-scale businesses secured through credit surety cooperatives will be given a lower risk premium, as the...

Think tank flags ‘political uncertainty’

“POLITICAL UNCERTAINTY” in the Philippines could make investors think twice about placing bets here, in turn weighing on overall growth prospects, a London-based research...

UN report sees better prospects for PHL

THE PHILIPPINES was one of Asia’s “rising stars” in attracting foreign direct investments (FDI) last year and is among economies “expected to enjoy significantly...

Missing piece of global economic growth jigsaw may be falling into...

HONG KONG -- A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock...

S&P: Global risks to drive more funds from Philippines

By Melissa Luz T. Lopez Senior Reporter RISING global uncertainty could prod more foreign capital outflows from the Philippines, S&P Global Ratings said, even as upbeat...

FMIC-UA&P report sees 6.5% Q3 GDP growth

ECONOMIC GROWTH likely at least sustained in the third quarter the pace clocked in the preceding three months, on the back of strong household...

Nobel laureates lead new group to tackle world’s economic woes

NOBEL LAUREATES Joseph Stiglitz and Michael Spence are leading a new initiative to find solutions to what they see as a dysfunctioning market economy. The...

Balance of payments returns to surplus in September

By Elijah Joseph C. Tubayan, Reporter THE PHILIPPINES’ external payments position went back to a surplus in September after recording a deficit in four straight...

Banks’ lending standards mostly unchanged in Q3

BANKS kept their lending criteria largely steady during the third quarter, according to a central bank survey. Results of the Senior Bank Loan Officers’ Survey...

NIA targets to develop 85% of irrigable lands

THE NATIONAL Irrigation Administration (NIA) is targeting to develop some 85% of total irrigable lands in two decades which can be achievable as long...

ACPC gets higher budget

THE Agricultural Credit Policy Council’s (ACPC’s) budget for next year climbed by more than a fifth from 2017’s as the Department of Agriculture (DA)...

BSP minutes: economy not overheating

THE ECONOMY is far from overheating with rising credit growth accompanied by increased domestic activity, the Bangko Sentral ng Pilipinas (BSP) said in the...

Investor confidence ‘strong’ — IMF

By Melissa Luz T. Lopez Senior Reporter INVESTOR SENTIMENT remains favorable for the Philippines despite increased political noise, an official of the International Monetary Fund (IMF)...

Philippines faces ‘encouraging’ conditions — BSP

A PICKUP in global economic expansion should be “encouraging” for emerging markets like the Philippines, the central bank chief said in a recent speech,...

IMF, AMRO see slower PHL growth for this year

THE PHILIPPINES will likely remain a growth leader in Southeast Asia, the International Monetary Fund (IMF) and regional think tank ASEAN+3 Macroeconomic Research Office...