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IN CHARTS: What your P100 can buy under runaway inflation

Aug 17, 2018 - 2:59 PM

Vegetable prices are soaring and a bottle of beer costs much more. Inflation rate in the ARMM is higher than the national average.

INFLATION. Prices of basic goods continue to soar in 2018. Photo by Jire Carreon/Rappler


Business groups support economic managers over federalism risks

Aug 13, 2018 - 2:20 PM

The groups 'echo the concerns of fiscal and economic experts about the ambiguous provisions on the division of revenue and expenditure responsibilities' under federalism

Economic managers DBM Sec. Benjamin Diokno (2nd-right), NEDA Sec. Ernesto Pernia (2nd-left), BSP Deputy Governor Diwa Guinigundo (right), DOF Sec. Carlos Dominguez (left) on Tuesday, July 31, 2018, during hearing on the proposed P3.8-trillion budget for 2019. Photo by DARREN LANGIT

BSP’s interest hike won't address supply-driven inflation – Pernia

Aug 10, 2018 - 9:58 PM

Socioeconomic Planning Secretary Ernesto Pernia says tightening of monetary policy by the Bangko Sentral ng Pilipinas 'will not directly address the supply side of inflation'

PERNIA. NEDA Sec. Ernesto Pernia on Tuesday, July 31, 2018, during hearing on the proposed P3.8-trillion budget for 2019. Photo by Darren Langit

Foreign investments soar 142.9% in May 2018

Aug 10, 2018 - 6:51 PM

The Bangko Sentral ng Pilipinas says foreign direct investments in May stood at $1.6 billion

INVESTMENTS. Foreign investors remain optimistic in the Philippine economy. Rappler file photo

Bangko Sentral raises inflation forecast for 2018, 2019

Aug 10, 2018 - 10:20 AM

The Bangko Sentral ng Pilipinas sees 2018 full-year inflation hitting 4.9% and 2019 average inflation at 3.7%

INFLATION. Prices of goods continue to rise in the Philippines, prompting the central bank to raise its inflation forecast. Photo by Jire Carreon/Rappler

NEDA hits dismal Q2 agriculture output

Aug 09, 2018 - 1:11 PM

Look more closely into rice cartels and smuggling, Socioeconomic Planning Secretary Ernesto Pernia urges the Department of Agriculture

Philippine economy slows down to 6% in Q2 2018

Aug 09, 2018 - 10:06 AM

(3rd UPDATE) The gross domestic product for the 2nd quarter of 2018 falls short of market expectations

Philippines revises Q1 2018 GDP down to 6.6%

Aug 08, 2018 - 9:20 PM

'Major contributors to the downward revision were other services, manufacturing, and agriculture and forestry,' says the Philippine Statistics Authority

Taguig City

Weak peso fails to lift Philippine exports in June 2018

Aug 08, 2018 - 7:50 PM

The Philippine Statistics Authority says the country posted a wider year-on-year trade deficit in June after imports rose to their fastest pace

TRADE GAP. The Philippines posts a wider year-on-year trade deficit in June. Photo by Ted Aljibe/AFP

Arroyo 'not advocating' lower tariffs on meat

Aug 08, 2018 - 5:52 PM

Speaker Gloria Macapagal-Arroyo says the proposal was discussed with economic managers but the Department of Agriculture is against it

INFLATION WOES. Speaker Gloria Arroyo clarifies she does not support reducing taxes on imported meat products to help ease inflation. File photo by Darren Langit/Rappler

Government should worry about sky-high inflation – economists

Aug 07, 2018 - 5:25 PM

(UPDATED) Economists point to government agencies' inability to coordinate well as one of the main reasons why inflation accelerated further in July

INFLATION. Prices of basic goods rose in July. Photo by Jire Carreon

Inflation hits another fresh high of 5.7% in July 2018

Aug 07, 2018 - 9:05 AM

(UPDATED) This is mainly due to prices of food and non-alcoholic beverages, which keep rising

INFLATION. Prices of food and basic commodities soar in July. Photo by Jire Carreon

Philippine economy’s growth likely slowed in Q2 2018 – Moody's

Aug 03, 2018 - 7:29 PM

Moody's Analytics says inflation is partly to blame for the slower gross domestic product growth

GROWTH. Moody's Analytics projects the Philippine economy to have grown at a slower pace partly due to inflation. Photo by Jire Carreon

Arroyo pushes lower tariffs on meat, fish to ease inflation

Aug 03, 2018 - 2:42 PM

Speaker Gloria Macapagal-Arroyo pitches 5 solutions to temper high prices in a meeting with the country's economic managers

SPEAKER ARROYO. Speaker Gloria Macapagal Arroyo talks to the media on August 1, 2018. File photo by Mara Cepeda/Rappler

Japan overtakes China as world's no. 2 stock market

Aug 03, 2018 - 1:09 PM

Data from Bloomberg News in intra-day trade on Friday, August 3, show Chinese stocks are worth $6.09 trillion, compared with $6.17 trillion in Japan. The US market is worth $31 trillion.

WORLD'S SECOND STOCK MARKET. A man walks past a stock indicator showing share prices on the Tokyo Stock Exchange (L) and New York Dow Jones closing numbers (R) in Tokyo on July 23, 2018. File photo by Kazuhiro Nogi/AFP

Inflation hits poorest Filipinos hard in Q2 2018

Aug 01, 2018 - 3:45 PM

The Philippine Statistics Authority says inflation for the bottom 30% income households went up by 6.5% in the 2nd quarter of 2018

INFLATION. Prices of goods soar in 2018. Photo by Ted Aljibe/AFP

Bangko Sentral projects July 2018 inflation to jump as high as 5.8%

Jul 31, 2018 - 3:30 PM

Economists of the Bangko Sentral ng Pilipinas attribute the expected spike to increases in electricity and water rates, jeepney fares, and prices of agricultural goods

Businessmen see upside in federalism, but wary of pesky politics

Jul 26, 2018 - 6:11 PM

Lemuel Magracia, former president of the Philippine Chamber of Commerce and Industry- Rizal says strengthening local governments will encourage good business competition among provinces

Philippine economy to grow below gov't target – IMF

Jul 25, 2018 - 9:35 PM

The International Monetary Fund expects the Philippines' gross domestic product to expand by 6.7% for 2018 and 2019, below the government's target of 7% to 8%

Moody's: Federalism, 'contentious' policies worry investors

Jul 21, 2018 - 2:18 PM

Moody's Investors Service says the country's 'relatively weak rule of law' and the possible shift to federalism could drag down the economy

The Philippine economy's health under Duterte

Jul 20, 2018 - 10:21 AM

President Rodrigo Duterte spits curses and blasphemes, yet the economy remains rosy. The question is, how much noise can businesses take?

Hits and misses of Duterte’s infrastructure push

Jul 19, 2018 - 8:00 AM

The National Economic and Development Authority has identified 75 flagship projects under the government’s Build, Build Build program. Only 7 have started construction in 2018.

Federalism will ‘wreak havoc’ on Philippine economy – Pernia

Jul 17, 2018 - 3:43 PM

'[The] momentum of infrastructure improvement in the regions is going to be disrupted,' Socioeconomic Planning Secretary Ernesto Pernia says

Philippine economy to sustain growth momentum – First Metro

Jul 16, 2018 - 9:25 PM

First Metro Investment Corporation president Rabboni Francis Arjonillo says the country's gross domestic product may meet or even surpass the government's target of 7% in 2018

Regulator unveils plan to monitor cryptocurrency threat

Jul 16, 2018 - 9:17 PM

While the Financial Stability Board believes crypto-assets do not yet pose a material risk to global financial stability, it urges major economies to scrutinize cryptocurrencies due to a lack of solid data on their use

OFW remittances rise in May 2018

Jul 16, 2018 - 7:35 PM

Overseas Filipino workers have sent $13.2 billion year-to-date, according to the Bangko Sentral ng Pilipinas

An overseas Filipina worker lines up at a remittance center in Lucky Plaza. A lot of overseas Filipino workers send money to the families they support back home. According to the 2014 Survey on Overseas Filipinos released by the Philippine Statistics Authority, 173.2 billion pesos was the total remittance sent by OFWs from April to September 2014.

Federalism might lead to hyperinflation – economists

Jul 16, 2018 - 6:35 PM

(UPDATED) Economists from the University of Asia and the Pacific warn that sky-high inflation may happen to the Philippines should it shift to federalism

PH among worst in ease of doing business, education – report

Jul 11, 2018 - 7:13 PM

The Philippines remains in the 73rd spot in the 2018 Global Innovation Index, but several indicators reveal problems in business, education, and political climate

Foreign direct investments dip by 3.2% in April 2018

Jul 11, 2018 - 8:12 AM

Despite the year-on-year dip, the central bank is optimistic due to 'favorable investor sentiment'

Philippines' trade deficit widens by 47.6% in May 2018

Jul 10, 2018 - 2:15 PM

The Philippine Statistics Authority says the country's imports further increased by 11.4%, while exports slumped by 3.8%

TRADE GAP. The Philippine Statistics Authority (PSA) reports a wider trade gap in May 2018. AFP photo

What Duterte's economic team did not say during the pre-SONA 2018 forum

Jul 06, 2018 - 10:02 PM

The dip in Philippine competitiveness ranking, missing the 2017 labor target, and slow implementation of infrastructure projects are left out during the 'Tatak ng Pagbabago: Tatak ng Pag-unlad' forum

THE ECONOMY'S HEALTH. Public Works and Highways Secretary Mark Villar (left), Finance Secretary Carlos Dominguez III (middle), and Socioeconomic Planning Secretary Ernesto Pernia (right) reported the various efforts of their respective agencies during the pre-state of the nation (SONA) forum. Pernia's photo by Albert Alcain/Presidential Photo, Dominguez' photo by Toto Lozano/Presidential Photo, Villar's photo by Malacañang Photos

Who's to blame for soaring inflation? 'All of them' in gov't, says economist

Jul 05, 2018 - 9:50 PM

UP professor Emmanuel de Dios likens the Philippines' economic managers to the suspects in Agatha Christie's 'Murder on the Orient Express' – they're all 'guilty'

Trade Wars: Trump loads decisive volley against China

Jul 05, 2018 - 2:16 PM

(UPDATED) Beijing has vowed to retaliate dollar-for-dollar, 'immediately' imposing counter-tariffs on American exports

June 2018 inflation soars to 5.2%

Jul 05, 2018 - 9:13 AM

(5TH UPDATE) Inflation climbs to another fresh high, exceeding market expectations and government forecasts

Gov't now expects 2018 inflation to reach as high as 4.5%

Jul 02, 2018 - 5:55 PM

The government previously pegged inflation at just within 2% to 4%, but prices keep rising. Meanwhile, the deficit forecast is also raised to 'sustain the momentum of the Build, Build, Build program.'

June 2018 inflation may hit as high as 5.1% – BSP economists

Jun 29, 2018 - 5:55 PM

The Bangko Sentral ng Pilipinas says the elevated prices of rice, some agricultural goods, and liquefied petroleum gas may have pushed inflation upward

Infrastructure push to generate P31 trillion – NEDA

Jun 27, 2018 - 10:20 PM

The National Economic and Development Authority also says over a million jobs will be generated every year because of the government's Build, Build, Build program

Philippine peso to hit P54 to $1 – BMI Research

Jun 27, 2018 - 9:00 PM

BMI Research says 'the Philippine peso continues to be the worst performing currency in the region, having weakened by more than 7% against the US dollar year-to-date'

Should we worry about the Philippine peso?

Jun 26, 2018 - 9:20 PM

First Metro Investment Corporation and the University of Asia & the Pacific say the answer depends on the factors driving the peso's weakness

Duterte's 'crass leadership' putting off investors – Capital Economics

Jun 26, 2018 - 7:55 PM

'A string of inflammatory comments and policy changes by [President Rodrigo] Duterte have raised concerns in the minds of investors,' says London-based research consultancy firm Capital Economics

OPEC agrees ouput rise of 'about' 1 million barrels – Saudi

Jun 22, 2018 - 10:22 PM

Saudi Arabia, backed by non-member Russia, has argued that it is time to raise production in order to meet growing demand and appease major consumer countries like the US, India and China

OIL PRODUCERS. File photo shows Saudi Energy Minister Khaled al-Faleh (left) and Russian Energy Minister Alexander Novak at a meeting of OPEC and non-OPEC members in Jeddah on April 20, 2018. Photo by Amer Hilabi/AFP

Bangko Sentral hikes rates again amid high inflation

Jun 20, 2018 - 7:45 PM

The Bangko Sentral ng Pilipinas implements back-to-back rate hikes as 'inflation expectations remain elevated for 2018'

Philippines plans $1-billion samurai bond sale

Jun 19, 2018 - 7:25 PM

Finance Secretary Carlos Dominguez III previously said the samurai bond sale will happen sometime in the 3rd or 4th quarter of the year

OFW remittances hit $2.35 billion in April 2018

Jun 18, 2018 - 8:45 PM

The Bangko Sentral ng Pilipinas says remittances sent through banks grew by 12.7% year-on-year, but were lower by 0.4% from March 2018

PSE, other Asian markets tumble amid U.S.-China trade war fears

Jun 18, 2018 - 6:15 PM

The Philippine Stock Exchange is down 2.5% on Monday, June 18, as the United States and China move closer to a trade war

[OPINION] Why is the Philippine peso the weakest in ASEAN?

Jun 18, 2018 - 8:57 AM

A weakening peso is symptomatic of other things happening in the economy. Most importantly, it suggests we are increasingly becoming a net borrower from the rest of the world, owing to our colossal import bill boosted by Duterte’s 'Build, Build, Build'.

Philippine external debt down to $73.2B in Q1 2018

Jun 15, 2018 - 6:31 PM

BSP Governor Nestor Espenilla Jr says net repayments which amounted to $3.4 billion mitigated upward pressures

Gov’t should explain 'alarming' peso fall – Robredo

Jun 15, 2018 - 11:08 AM

Vice President Leni Robredo says the government should address speculation about the weakening Philippine peso, especially as this affects both businesses and ordinary people

CONCERNS OVER PESO FALL.Vice President Leni Robredo says the government should end speculations over the weakening of the Philippine peso by explaining to the public wy this happened. Photo from OVP

Trump prepares China tariff target list as confrontation escalates

Jun 15, 2018 - 10:44 AM

Imposing the tariffs would escalate the trade confrontation with Beijing, and potentially set off a round of tit-for-tat retaliation, which economists warn would damage the global economy

US TRADE. In this file photo, US President Donald Trump meets with business leaders in the Roosevelt Room at the White House in Washington, DC, on January 23, 2017. File photo by Nicholas Kamm/AFP

Philippine peso breaches P53 to $1 level, falls to 12-year low

Jun 13, 2018 - 4:58 PM

The peso closes at P53.23 to $1, its weakest level since June 2006