Philippine economy - updates

Rappler's latest stories on Philippine economy

ARTICLE FINDER

Budget fiasco pushes economic team to lower growth target

Mar 13, 2019 - 7:44 PM

The government was optimistic that economic growth could hit 7% to 8%. Now, that lower-end figure is now the highest target.

Finally! Inflation in February 2019 falls within target at 3.8%

Mar 05, 2019 - 9:04 AM

(3rd UPDATE) Metro Manila sees its lowest inflation rate in 18 months. All other regions also exhibit slower inflation rates.

9 reasons why the Philippines is ripe for business in 2019

Feb 27, 2019 - 8:30 PM

After missing their growth targets in 2018, the country's economic managers are upbeat that the economy will be better this time around

Philippine exports, imports nosedive in December 2018

Feb 12, 2019 - 4:05 PM

The Philippine Statistics Authority says both imports and exports shrank in December 2018. Overall, the country's trade gap is now at its widest in history.

Approved investments hit P97.9 billion in January 2019

Feb 11, 2019 - 12:40 PM

Trade Secretary Ramon Lopez says the Board of Investments is off to a good start in its attempt to hit P1 trillion in approved investments for 2019

Media made inflation worse? Economic team never flagged it until now

Feb 06, 2019 - 4:05 PM

Rappler reviews statements of the government's economic team and finds that they never mentioned media reports among the factors which aggravated inflation in 2018

Inflation slows down further to 4.4% in January 2019

Feb 05, 2019 - 9:01 AM

(UPDATED) The latest inflation figure is closer to the government's target range of 2% to 4%

Feeling the inflation pinch, Filipinos hold back on spending

Feb 04, 2019 - 1:32 PM

TheNerve’s survey results show Filipinos feeling financially worse off in 2018

Reenacted budget for entire 2019? Bad news for economy

Jan 30, 2019 - 5:00 PM

Senate President Vicente Sotto III is proposing a reenacted budget for the whole year, but this would threaten the Philippines' economic growth

Economic growth inches up to 6.1% in Q4, but misses 2018 target

Jan 24, 2019 - 10:06 AM

(UPDATED) While the GDP growth in 2018 misses the government's target, it does not come as a surprise to economists

EXPECTED TO MISS. The country's economic growth falls below government's target. Image from Shutterstock

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

Inflation was a big story, but many had no idea what it meant

Jan 21, 2019 - 5:37 PM

Try out our inflation calculator to finally understand the jargon and how it affects you

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

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

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

[ANALYSIS] How rough was 2018 for the PH economy?

Dec 12, 2018 - 12:00 PM

All in all, there’s a sense that the Duterte government brought about needless economic hardships to the Filipino people 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

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

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

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%

[ANALYSIS] Ease of doing business: Why is the PH rank plummeting?

Nov 08, 2018 - 9:30 AM

Under President Duterte's watch, we've gone down the global Doing Business ranking by 25 notches all in all – by far the largest decline in ASEAN

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

[ANALYSIS] The real score on foreign direct investments

Nov 02, 2018 - 10:00 AM

Evidence suggests that ours is a generally healthy economy, posting impressive growth, but carrying some structural flaws

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%

[ANALYSIS] Why is the PH stock market among world’s worst?

Oct 24, 2018 - 9:42 AM

A climbing index signals general optimism among buyers and sellers of stocks, whereas a dropping index signals general pessimism

Trillanes amnesty, effects of inflation, Facebook crackdown in PH | Midday wRap

Oct 23, 2018 - 1:06 PM

Watch Rappler's midday wRap with Bea Cupin

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

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'

FAST FACTS: Philippine inflation rate over the years

Oct 10, 2018 - 5:00 PM

In using historical inflation data, the base year of the data should be taken into account

[ANALYSIS] Upper-middle income Philippines by 2019: How true?

Oct 10, 2018 - 10:18 AM

If becoming an upper-middle income country was hard enough – it took us more than 3 decades to do that – becoming a high-income country (like Singapore or South Korea today) will be harder still

Inflation in September 2018 strains Filipinos' budget at 6.7%

Oct 05, 2018 - 8:59 AM

(UPDATED) Inflation spoils the country's growth outlook, poverty alleviation efforts, and people's perception on the government

World Bank downgrades 2018 Philippine economic outlook

Oct 04, 2018 - 2:19 PM

The World Bank says the Philippines' growth trajectory is positive but lower than expected

GROWTH. The World Bank cuts the growth forecast for the Philippines in 2018, but says the economy will remain strong in the coming years. Photo by Jire Carreon/Rappler


[ANALYSIS] Is the Philippine economy overheating?

Sep 28, 2018 - 12:23 PM

The challenge to economic managers is akin to fixing an overheating car: pull over, open the hood, and let things simmer down

World Bank pitches ways to boost Philippine economic growth

Sep 27, 2018 - 2:35 PM

The Philippines is aiming to roar along with Asian tigers by 2040. To do this, the country needs to triple the gross domestic product per capita in two decades.

Families live in concrete pipes used as makeshift dwellings along a street in Manila on March 22, 2016.  Roughly one quarter of the nation's 100 million people live in poverty, which is defined as surviving on about one US dollar a day, according to government data. / AFP PHOTO / NOEL CELIS

ADB cuts Philippine growth forecast, expects inflation to hit harder

Sep 26, 2018 - 12:05 PM

The Asian Development Bank says it revised its outlook due to the weak agriculture sector, high inflation, and continued global monetary tightening

Duterte may issue EO to address inflation

Sep 12, 2018 - 10:16 AM

(UPDATED) President Rodrigo Duterte meets with his economic managers before the 29th Cabinet meeting to discuss how to contain inflation

President Rodrigo Roa Duterte presides over the 29th Cabinet Meeting at the Malacañan Palace on September 11, 2018. VALERIE ESCALERA/PRESIDENTIAL PHOTO

Rappler Talk: Economist Emmanuel de Dios on soaring inflation under Duterte

Sep 11, 2018 - 1:54 PM

On Tuesday, September 11, Rappler editor-at-large Marites Vitug sits down with Emmanuel de Dios to discuss economic issues and help make sense of the situation that Filipinos now find themselves in

[OPINYON] Malayo sa bituka

Sep 09, 2018 - 3:00 PM

May parang kung anong manipulasyon para makalimutan natin ang napipinto nating pagkagutom

Roque on 9-year high inflation: 'Nothing to worry about'

Sep 07, 2018 - 3:48 PM

Malacañang says the 6.4% August inflation rate is 'not ridiculously high' and points to other indicators that show a healthy Philippine economy

Robredo to Duterte gov't: 'Stop dismissing inflation as sign of growing economy'

Sep 06, 2018 - 11:20 AM

'Sa halip na patahimikin ang mga taong pumupuna ng mga pagkukulang nila, gamitin sana itong pagkakataon ng administrasyon na patunayang kaya nilang pababain ang presyo ng mga bilihin,' says Vice President Leni Robredo

GOVERNMENT PRIORITIES. Vice President Leni Robredo urges the Duterte administration to focus on easing high food prices rather than on matters like putting back opposition Senator Antonio Trillanes IV in jail. File photo by Jire Carreon/Rappler

[ANALYSIS] Why is Philippine inflation now the highest in ASEAN?

Sep 06, 2018 - 9:35 AM

Inflation expectations matter because they change how people behave. It’s in government’s interest to manage these expectations from time to time.

IN CHARTS: This is how bad August 2018 inflation is in regions

Sep 05, 2018 - 11:30 PM

Which region had the highest inflation? Where did vegetable prices spike the most? Here's a look.

Gov't 'did little or nothing' to stop 6.4% August inflation

Sep 05, 2018 - 9:10 PM

Albay 2nd District Representative Joey Salceda says market opportunists and rice hoarders can no longer be blamed for the rising prices of goods in the country

NOT SATISFIED. Albay 2nd District Representative Joey Salceda is dissatisfied with the way the Duterte administration is handling soaring inflation. File photo by Darren Langit/Rappler

Duterte admin ‘doing what it can’ to address inflation, says Arroyo

Sep 05, 2018 - 4:47 PM

Speaker Gloria Macapagal Arroyo says she encountered an even 'more alarming' economic situation when she was president, when inflation climbed to 6.6%. But she was able to lower this through rice importation.

TAMING INFLATION. Speaker Gloria Macapagal Arroyo is also an economist. File photo by LeAnne Jazul/Rappler

EXPLAINER: How inflation affects you

Sep 05, 2018 - 12:30 PM

Is inflation all bad? How does it affect savings? Rappler breaks it down for you.

Inflation surges to 6.4% in August 2018, exceeds estimates

Sep 05, 2018 - 10:17 AM

(3rd UPDATE) The latest figure moves even further away from the government's inflation target range of only 2% to 4%


Lacson to Duterte: Enough of drug war, focus on economy

Sep 03, 2018 - 1:15 PM

'Ang hinaharap mas malaking problema – economy.... Ang kalampagin naman niya economic managers,' says Senator Panfilo Lacson

Consumers look for a cheaper goods at the Market in Quezon City on Wednesday. August 22, 2018. Photo by Darren Langit/Rappler

[ANALYSIS] Mere hiccups? Let’s be more honest about the economy

Aug 31, 2018 - 11:59 AM

The truth is, we’re living in a sad combo of slowing growth and accelerating prices. Worse, indicators point to harder times ahead.

Why natural gas makes sense for Philippine economy

Aug 15, 2018 - 8:42 PM

As the Philippines looks to diversify its energy mix, one source - natural gas - has become increasingly important