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ADB maintains growth forecast for Philippines

THE ASIAN Development Bank (ADB) retained its 6.8% and 6.9% gross domestic product (GDP) forecasts for the Philippines for 2018 and 2019, respectively, in...

Tourism share of GDP hits 18-year high in 2017

THE TOURISM industry’s contribution to the economy was the highest in 18 years in 2017, the Philippine Statistics Authority (PSA) said.

Monetary Board sees inflation momentum slowing — minutes

INFLATION momentum has been easing as price spikes due to tax reform have decelerated, the central bank said as it decided to raise rates last month in order to temper future price increases.

Tourism contribution to GDP highest in 18 years

Tourism’s contribution to the Philippine economy, as measured by the share of tourism direct gross value added (TDGVA), was highest in 18 years, the...

WB cites PHL growth promise, risks

THE WORLD BANK sees the Philippines sustaining relatively robust growth in the medium term -- though short of government target -- but flagged capacity constraints and price pressures that may weigh on prospects.

Wages watched for price impact

AN UNEXPECTED increase in minimum wages could prompt the Bangko Sentral ng Pilipinas (BSP) to raise rates anew, a global bank said, even as inflation is expected to ease over the coming months.

Q2 GDP growth likely on target — Budget chief

ECONOMIC growth likely picked up this quarter to fall within the 7-8% official full-year 2018 target, the Budget chief said on Tuesday, as the Philippine Statistics Authority (PSA) reported that factory output began those three months with its biggest improvement in eight years.

BSP readies regular poll on bankers’ outlooks

THE BANGKO SENTRAL ng Pilipinas (BSP) will conduct a regular poll to get bank executives’ outlook on economic growth and business prospects.

Global economy to grow faster than expected in 2018-19 at 3.2%:...

United Nations -- The global economy is set to expand faster than expected in 2018 and 2019, the United Nations said Thursday, predicting a...

BPO sector: An economic pillar

The Department of Trade and Industry (DTI) defines business process outsourcing (BPO) as the “delegation of service-type business processes to a third-party service provider.”...

First-quarter tax collections hit fresh record high

The government's tax effort saw a substantial improvement relative to the Philippine economy in the first quarter, with collections hitting a fresh record high,...

BSP raises rates on elevated inflation and robust economic growth

The Bangko Sentral ng Pilipinas (BSP) raised rates on Thursday, May 10, marking the first tightening move in nearly four years at a time of...

Economy expands at 6.8% in the first quarter

The Philippine economy grew 6.8% in the first quarter of 2018, the Philippines Statistics Authority (PSA) reported this morning. The January-March gross domestic product (GDP)...

Economic growth picks up in Q1 — poll

By Carmina Angelica V. Olano ECONOMISTS expect economic growth to pick up pace in the first quarter on the back of higher household and consumer...

S&P upgrades Philippines’ credit outlook to ‘positive’

By Melissa Luz T. Lopez, Senior Reporter S&P Global Ratings bumped up its outlook on the Philippine economy, as it took stock of tax reform...

S&P hikes 2018 growth forecast for PHL to 6.7%

S&P Global Ratings has bumped up its growth forecast for the Philippines inspired by bets that consumption will pick up further this year, enough...

Boracay temporary closure to cost PHL economy nearly P2 billion —...

THE CLOSURE and rehabilitation of Boracay is seen to cost the economy some P1.96 billion in six months, the National Economic and Development Authority...

ADB maintains bullish outlook for Philippines

THE ASIAN Development Bank (ADB) sees the Philippines sustaining its upward economic growth trajectory on the back of the government’s push for large-scale infrastructure...

Inflation tops 4%, hits a fresh peak in March

Consumer prices in March picked up further to its fastest pace in more than five years on account of increased prices in food and...

Moody’s says overheating farfetched; FMIC, UA&P see Q1 growth past 7%

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE ECONOMY is far from overheating, with growth poised to clock faster even as inflation quickens further, according...

State of the Philippine real estate

The country’s economic boom shows no signs of slowing down. Considered as one of the fastest-growing economies in the region, it exhibited an increase...

Economy on track to grow by at least 7% this year

By Melissa Luz T. Lopez, Senior Reporter DAVAO CITY — The Philippines is on track to achieve at least seven percent growth this year, with...

Growth amidst volatility

BusinessWorld hosts Stock Market Roundtable 2018 By Bjorn Biel M. Beltran, Special Features Writer The Philippine economy is undergoing great changes. The Duterte administration has begun to...

BMI flags rising risks in Philippine infrastructure

THE Philippines’ infrastructure sector faces rising risks from implementation hurdles and political concerns, BMI Research said in a Jan. 24 note. The Fitch Group unit...

Economic expansion to ease — BMI

PHILIPPINE economic growth is expected to moderate until next year -- due largely to base effects from 2016’s election-related boost and a “deterioration of...

Spending challenges flagged amid GDP growth

STANDARD CHARTERED Bank sees “steady” Philippine economic growth in 2018 on the back of an infrastructure development push, even as it expects state spending...

2017 growth ‘strong’ despite slowdown

By Christine Joyce S. Castañeda Senior Researcher THE PHILIPPINE ECONOMY expanded last quarter at a pace slightly slower than expected even as full-year growth fell within...

Economy expands at 6.6% in fourth quarter, 6.7% in 2017

The Philippine economy posted 6.6% gross domestic product (GDP) growth in the fourth quarter, the Philippine Statistics Authority (PSA) reported this morning. The October-December outcome...

S&P watching if tax reform will deliver

By Elijah Joseph C. Tubayan Reporter TAX REFORM’s ability to deliver additional revenues that will fuel the government’s P8-trillion infrastructure development program until 2022 remains a...

Expectations of strong Q4 2017 growth mount

THE PHILIPPINES is expected to have clocked gross domestic product (GDP) growth in the fourth quarter of 2017 that put the full-year pace well...

Gov’t ups Q3 GDP growth estimate; Moody’s Analytics sees Q4 slowdown

OVERALL ECONOMIC GROWTH can be expected to have picked up in the fourth quarter from a year ago, though expansion could have eased from...

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...

ESCAP cuts Philippine GDP growth projections

THE UNITED NATIONS’ (UN) regional development arm has lowered its Philippine economic expansion forecasts for 2017 and 2018, even as the country will still...

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...

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...

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...

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...

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...

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...