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IN CHARTS: Inflation crisis not yet over for poorest Filipinos

Jan 23, 2019 - 5:45 PM

Inflation felt by the poorest Filipino households hit 7.2% in 2018, and some regions still register double digits in December

China, Europe follow Brazil's Bolsonaro onto Davos stage

Jan 23, 2019 - 5:44 PM

Top billing on the World Economic Forum stage will go to Chinese Vice President Wang Qishan, who is tasked with negotiating a truce in the US-China trade war

IN DAVOS. A participant to the to the World Economic Forum annual meeting is seen in silhouette at the Congress Centre on January 21, 2019 in Davos, eastern Switzerland. Photo by Fabrice Coffrini/AFP

Creation of Bangsamoro region to spur economic growth – NEDA

Jan 22, 2019 - 7:05 PM

Socioeconomic Planning Secretary Ernesto Pernia expects the proposed Bangsamoro Autonomous Region in Muslim Mindanao to boost infrastructure and investments

China's economy grew at slowest pace in 28 years in 2018

Jan 21, 2019 - 12:12 PM

The 6.6% growth is above the official target of around 6.5%, but is down from the 6.8% chalked up in 2017, according to the National Bureau of Statistics

This photo taken on April 9, 2018 shows workers transferring soybeans at a port in Nantong in China's eastern Jiangsu province. President Xi Jinping vowed on April 10 to take new steps to open China's economy "wider and wider" amid a broiling trade confrontation with the United States. / AFP PHOTO / - / China OUT

Trump grounds House speaker, scraps Davos trip amid shutdown

Jan 18, 2019 - 8:23 AM

(UPDATED) The mess in the US capital already verges on the surreal as Congress feuds with the White House over how to end an impasse now in its fourth week, with thousands of federal workers left unpaid

Elections, infra push to boost PH economy in 2019 – First Metro

Jan 15, 2019 - 7:10 PM

First Metro Investment Corporation expects economic growth and lower inflation, but a weaker peso in 2019

U.S. shutdown sends economy into uncharted waters

Jan 13, 2019 - 5:40 PM

The United States government shutdown is squeezing an estimated $1.2 billion a week out of the country's economy, says an analyst

(FILES) In this file photo taken on December 27, 2018,a stop sign is seen near the White House during a government shutdown in Washington, DC. - The Trump administration's paralysis triggered by the shutdown could have unexpected consequences, making economic statistics unclear just as the markets are hyper-reactive to any whiff of uncertainty. On the ninth day of the game of chicken between President Donald Trump and Democrats in Congress, the publication and recording of statistical indicators will be delayed. (Photo by Andrew CABALLERO-REYNOLDS / AFP)

UK retail sector suffers as shoppers lack Christmas cheer

Jan 10, 2019 - 10:25 PM

A survey says overall UK retail sales saw zero growth in December – marking the worst performance for a decade

 Shoppers carry bags containing purchases from Selfridges and Janck Jones stores through the Trafford Centre shopping mall on 'Black Friday' at the Trafford Centre shopping mall in Manchester, north-west England, on November 25, 2016. Black Friday is a sales offer originating from the US where retailers slash prices on the day after the Thanksgiving holiday. In the UK it is used as a marketing device to entice Christmas shoppers with the discounts at stores often lasting for a week. Oli SCARFF / AFP

Pernia worried about weak Philippine exports

Jan 10, 2019 - 8:00 PM

Socioeconomic Planning Secretary Ernesto Pernia says the government should support local businesses to make them globally competitive

World Bank warns brewing trade storm jeopardizes global economy

Jan 09, 2019 - 3:29 PM

Growth of the world economy is expected to slow to 2.9% this year, and 2.8% in 2020, slightly below the previous forecast

Inflation cools down to 5.1% in December 2018

Jan 04, 2019 - 9:04 AM

(UPDATED) Inflation eases in December amid a sharp drop in global oil prices, higher domestic rice supply, and a slight recovery of the peso

Hong Kong leads Asia markets rout as 2019 starts on sour note

Jan 02, 2019 - 4:03 PM

(UPDATED) Hong Kong tumbles almost 3% while Shanghai sheds more than 1% after two indicators showed Chinese manufacturing activity shrank in December

PLUNGE. Asian markets plunge January 2, 2019, starting the new year by extending a slide that made 2018 the worst in a decade. File photo by Johannes Eisele/ AFP

Customs hits target revenues in 2018

Dec 30, 2018 - 12:36 PM

Aided by the TRAIN law, the Bureau of Customs reaches its target collections for 2018

TARGETS ACHIEVED. Customs Commissioner Rey Guerrero during the turnover ceremony on October 31, 2018. Photo by Inoue Jaena/Rappler

NEDA: Japan still Philippines' top ODA provider

Dec 29, 2018 - 2:41 PM

Japan's loans and grants to the Philippines in the first 3 quarters of 2018 reached $5.98 billion or more than 40% of the total Official Development Assistance received by the Philippines during the period

INFRASTRUCTURE PUSH. The Philippines and Japan reaffirm their commitments to build roads and construct a subway system in Metro Manila. File photo by Darren Langit/Rappler

Consumer, gov't spending to lift PH economy in 2019 – PCCI

Dec 22, 2018 - 7:06 PM

The Philippines' largest business group is optimistic that the country's 'resilient' economy will continue to grow in 2019

'RESILIENT' ECONOMY. The Philippines will continue to enjoy a high growth rate in 2019, according to the PCCI. File photo

DOF blames 'faulty' forecasts for high inflation in 2018

Dec 17, 2018 - 11:10 AM

The Department of Finance says analysts' inaccurate forecasts elevated inflation expectations. But the agency's own estimates were also off.

Sulu gets first outside investment with food and beverage company

Dec 14, 2018 - 7:21 PM

In a historic first, Sulu Food and Beverage Corporation is the first outside investment for the archipelagic province to register with the Regional Board of Investments

FIRST OUTSIDE INVESTMENT. The ARMM Regional Board of Investment's approval of the Sulu Food and Beverage's application to register a project with the agency is a first for the province. Graphic by Raffy De Guzman

Bangko Sentral hits pause on interest rates

Dec 13, 2018 - 6:35 PM

The Bangko Sentral ng Pilipinas keeps interest rates at 4.75%, amid easing inflation

NEDA asks gov’t to support exports as trade gap worsens

Dec 12, 2018 - 2:36 PM

The trade deficit widened by 62.9% in October 2018, says the Philippine Statistics Authority

How high inflation exposed cracks in governance

Dec 11, 2018 - 3:40 PM

High, soaring, elevated, skyrocketing. We're running out of synonyms to describe inflation in 2018.

PANOORIN: Ano ang magagawa ng gobyerno laban sa inflation?

Dec 08, 2018 - 12:06 PM

Watch this explainer on how the government could bring down inflation

Trump says China trade talks 'going very well'

Dec 07, 2018 - 10:20 PM

Traders are initially buoyed by the apparent deal agreed at the G20 meeting in Buenos Aires but questions are quickly raised about the details – and whether the world's top two economies could actually resolve their differences

TALKS. Chinese President Xi Jinping (R) waves to the press as he walks with US President Donald Trump at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017.  File photo by Jim Watson/AFP

[ANALYSIS] Will rice tariffication live up to its promise?

Dec 07, 2018 - 12:43 PM

Absent sufficient safeguards, the Rice Fund might only serve as another costly leaky bucket that politicians can exploit

Unemployment inches up in October 2018

Dec 05, 2018 - 12:35 PM

While unemployment slightly rises in October 2018, underemployment or the number of people looking for additional jobs goes down

A worker carries a bale of collected recyclable materials at a junk shop near the former dumpsite and landfill named "Smokey Mountain" in Manila on June 26, 2016. Incoming Philippine president Rodrigo Duterte pledged on May 26 to spread economic activity beyond the overpopulated capital of Manila, calling it a "dead" city overrun by shantytowns. / AFP PHOTO / TED ALJIBE

Inflation eases to 6% in November 2018

Dec 05, 2018 - 9:02 AM

(3rd UPDATE) All regions post slower inflation rates except Central Luzon, which retains its October 2018 rate

Philippines to meet budget deficit target in 2018, says DOF

Nov 28, 2018 - 2:50 PM

The Bureau of the Treasury says the year-to-date fiscal gap stands at P438.1 billion of the P523.6-billion target cap

TARGET. Finance Secretary Carlos Dominguez III says the Philippine government will most likely hit the budget deficit ceiling targeted for 2018. Photo from Department of Finace

PANOORIN: Ano ang katotohanan sa inflation?

Nov 23, 2018 - 4:53 PM

Paano nga ba sinusukat ng gobyerno ang inflation? Gaano kalala ang sitwasyon ngayon, at ano ang mga salik o factor sa likod nito?

IN CHARTS: Don't credit China for Philippine growth just yet

Nov 20, 2018 - 8:00 AM

The bulk of foreign direct investments and project loans still comes from traditional trade partners like Japan and the United States, and not from China

Foreign direct investments for January to August 2018 up by 31%

Nov 14, 2018 - 7:05 PM

This is despite a 17.7% dip for the month of August, compared to July

INVESTMENTS. Foreign investments dips in August 2018, according to the Bangko Sentral ng Pilipinas. Photo by Ted Aljibe

Japan economy shrinks in Q3 as natural disasters hit

Nov 14, 2018 - 10:48 AM

Gross domestic product for the July-September period has contracted 0.3% from the previous quarter, reversing growth of 0.8% in the April-June period

ECONOMY SHRINKS. Experts say a number of natural disasters in Japan dampened personal consumption, company investment and exports. File photo from AFP

Gulf economy recovering but faces oil volatility – IMF

Nov 13, 2018 - 3:25 PM

The International Monetary Fund urges Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates to expand reforms

Philippine economy slows down to 6.1% in Q3 2018

Nov 08, 2018 - 10:03 AM

(UPDATED) This is lower than the revised 2nd quarter figure of 6.2%

Mindanao inflation rate remains higher than national average

Nov 07, 2018 - 2:36 PM

The Philippine Statistics Authority says the October inflation rate for all items increased to 7.6% in Northern Mindanao from September's 6.9%, while Caraga had 6.9% in October, up from from September's 6.1%

Economic team urges agriculture dept to solve food supply problems

Nov 06, 2018 - 6:05 PM

The government's economic team says the Department of Agriculture must improve farmers' productivity to bring food prices down

FOOD PRICES. The government's economic team urges the Agriculture Department to implement reforms. Photo by Ben Nabong/Rappler

Inflation steady at 6.7% in October 2018

Nov 06, 2018 - 9:05 AM

(3rd UPDATE) The latest figure reinforces the projections of the Bangko Sentral ng Pilipinas and the Department of Finance that inflation is beginning to taper off

PH slips 11 notches in World Bank's ease of doing business ranking

Nov 02, 2018 - 1:28 PM

The Philippine government rejects the findings, as Philippine finance and trade officials urge the World Bank to correct the 'inaccurate and understated findings'

Inflation likely peaked in Q3 2018 – Bangko Sentral

Oct 31, 2018 - 5:55 PM

The Bangko Sentral ng Pilipinas projects inflation in October to settle within 6.2% to 7%

China leads the way as world's billionaires get richer

Oct 26, 2018 - 5:30 PM

(UPDATED) China minted two new billionaires a week in 2017, says Swiss banking giant UBS and auditors PwC

CHINA'S INTERNET POWERHOUSE. Jack Ma, Robin Li and Pony Ma. Photos from Wikipedia

Poorest Filipinos feel inflation at 8% in August 2018

Oct 22, 2018 - 6:20 PM

The Philippine Statistics Authority says inflation for the bottom 30% income households went up by 5 percentage points in August 2018 compared to the same month last year

Chinese Q3 growth hits 9-year low as debt, trade row drag

Oct 19, 2018 - 11:14 AM

(UPDATED) Analysts say the slowing growth could prompt an end to Beijing's fiscal prudence

ECONOMY. A couple wearing Qing dynasty style headwear walk with their children in Tiananmen square in Beijing in December 2012. File photo by AFP

Inflation rises to 6.2% in Q3 2018

Oct 19, 2018 - 10:35 AM

(UPDATED) This is beyond the 4.8% to 5.2% range estimated by the government for the entire year

Commonwealth Public Market on Monday, October 08, 2018. Photo by Darren Langit/Rappler

China not manipulating currency but lacks transparency, U.S. says

Oct 18, 2018 - 3:06 PM

The US Treasury refrains from escalating a fight over China's currency as US President Donald Trump once pledged to do on the campaign trail

Nearly half the world lives on less than $5.50 a day – World Bank

Oct 17, 2018 - 4:35 PM

According to the report, the number of poor worldwide is still 'unacceptably high,' while the fruits of economic growth are 'shared unevenly across regions and countries'

Philippines' crime, infra among worst globally – World Economic Forum

Oct 17, 2018 - 3:20 PM

The Philippines lags in police services, infrastructure, and ease of doing business, but excels in labor market and macroeconomic stability

Philippines' high inflation also good, says Bangko Sentral official

Oct 16, 2018 - 7:50 PM

Felipe Medalla says the high inflation figure reflects the elevated prices of cigarettes and sugary drinks, which were planned by the government under the TRAIN law

Inflation up, GDP down: Economic managers revise PH outlook

Oct 16, 2018 - 3:30 PM

Finance Secretary Carlos Dominguez III says they revised the economic outlook to reflect the 'very different world' we are living in now

Seeds of next global financial crisis being sown, top officials warn

Oct 14, 2018 - 7:02 PM

The world economy is still growing but faces an 'unprecedented' combination of threats, the International Monetary Fund warns during an annual meeting with the World Bank

EXPERTS. International Monetary Fund Managing Director Christine Lagarde (C-front) poses with finance ministers and Central Bank governors during a group photo at the International Monetary Fund (IMF) and World Bank annual meeting in Nusa Dua, on Indonesia's resort island of Bali on October 13, 2018. Photo by Stephen Jaffe/International Monetary Fund/AFP

Foreign direct investments soar in July 2018 despite economic tensions

Oct 11, 2018 - 9:55 AM

The central bank says the higher foreign direct investment inflows in July reflect the 'continued positive investor sentiment on the Philippine economy'

China is top PH trade partner in August 2018

Oct 11, 2018 - 9:46 AM

The Philippines' trade gap swells to $26 billion year-to-date, 65% higher than the $15.7-billion deficit in 2017

IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise

Oct 09, 2018 - 9:19 AM

The International Monetary Fund warns that risks highlighted in previous reports 'have become more pronounced or have partially materialized' in the real world

GROWTH FORECAST. The International Monetary Fund logo is seen 05 April 2007 in Washington, DC.  File photo by Tim Sloan/AFP