A significant 82.8% drop is recorded in the 4th quarter of 2017 alone, according to the Philippine Statistics Authority
The country's antitrust body is reviewing its existing P1-billion threshold, taking into account that inflation hit a 3-year high last January
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The Ayala-led bank also predicts the peso will depreciate 3-4% every year until 2021 as the government's infrastructure buildup progresses
The reserve requirement ratio for banks is lowered from 20% to 19%, a move seen to free up liquidity for a growing economy
Cash remittances of overseas Filipinos grow by 4.3% to $28.06 billion, while personal remittances grow by 5.3% to $31.29 billion, surpassing the government target of 4%
The Bangko Sentral ng Pilipinas attributes the strong inflows to the country's sound macroeconomic fundamentals
The Bangko Sentral ng Pilipinas sees inflation hitting 4.3% in 2018, and 3.5% in 2019
We haven’t yet seen the full effects of TRAIN’s new taxes. Instead, what we saw in January was likely a combination of profiteering, higher world oil prices, and the peso’s depreciation
It would take a grind of 3-4 years to settle the corporate and regulatory issues before the third player could operate in the local market, which is being dominated by the duopoly of the PLDT Group and Globe Telecom
The Philippine economy lags behind China and Vietnam in 2017, but remains the fastest-growing economy in the ASEAN-5
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(2nd UPDATE) For the 4th quarter of 2017 alone, the Philippine economy grows by 6.6%. Its 2017 growth places it 3rd in Asia behind China and Vietnam.
The top 3 contributors to the upward revision are manufacturing; trade and repair of motor vehicles, motorcycles, personal and household goods; as well as mining and quarrying
The slowdown in growth could be traced to base effects, as the Philippines recorded an 'unusually high' growth in remittances in November 2016
The October 2017 figure of $2.02 billion is the biggest monthly FDI inflow since April 2016
'All in all, the first package of TRAIN was an opportunity to correct many problems that have long ailed our tax system. While a step in the right direction, many of TRAIN’s well-meaning provisions got watered down by politicians.'
The movement of prices of basic goods and services in the Philippines is seen to move faster this year than last year, due to the newly-implemented tax reform package
Maglalaho ang mga ngiti sa ating mga labi kapag nilimas ng price increases ang nadagdag sa paycheck
The movement of prices of basic goods and services was steady at 3.3% in December, bringing the full-year 2017 rate to 3.2%. But the newly-implemented tax package and higher global oil rates could put pressure on inflation this year.
The country's central bank says the Philippine economy can withstand any volatility in the global financial markets
The Philippine economic growth is seen to be driven by the revival in manufacturing, consumption spending, stable remittances from overseas Filipinos, and tourism boom
Research shows Filipinos are most likely to believe businesses have a responsibility to ensure their supply chain doesn’t harm the environment
This is the 14th time the main index closed at an all-time high this 2017. For the year alone, the Philippine Stock Exchange index gained 25.1%.
The Development Budget Coordination Committee still projects consumer price index to be between 2% to 4% until 2020
Philippine peso and stocks finish on a strong note two days before trading takes a 4-day New Year break
The Philippines' central bank says rate of bad loans remains manageable across economic sectors, like financial and insurance activities
This offset the 10% increase in government spending for the month, but the year-to-date deficit is still wider by 4% compared to the same period in 2016
Tokyo-based R&I is optimistic that the Duterte administration's infrastructure plan will sustain the country's solid economic growth
The PPP Center is also eyeing 5 to 8 water projects under some local government units
Economic woes, if unabated, could lead to social unrest. Recall that it was not so much Ninoy Aquino’s assassination in 1983 that led to EDSA 1, but the deep, painful recession in 1984 to 1985 that preceded it.
These projects include the Metro Manila Subway and Phase 1 of the Mindanao Railway which would encompass the Tagum-Davao-Digos Segment
The outlook of the Asian Development Bank 'assumes that growth in the government's infrastructure program will accelerate'
Bangko Sentral ng Pilipinas data show that FDI hit net inflows of $754 million in September this year, from $466 million recorded in the same month in 2016
(UPDATED) The upgrade from BBB- to BBB is due to strong economic growth and the tax reform initiative
A slowdown is seen in November after 4 straight months of rising prices
One can’t help notice that the Duterte and Marcos economic strategies – a huge infrastructure spending spree financed by deficits – are eerily similar
Agriculture Secretary Emmanuel Piñol hopes the 'bountiful harvest' of rice they are expecting for the 4th quarter will boost the agriculture sector's performance by the end of the year
'We do not believe that we are there yet and we remain very vigilant to avoid it,' Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr says on the possibility that the economy might overheat
The Department of Transportation, Department of Social Welfare and Development, Land Bank of the Philippines, and National Irrigation Administration are the top 4 agencies that failed to meet disbursement targets for 2016
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In the 3rd quarter of 2017, the Philippine economy's 6.9% growth performs better than China and neighboring ASEAN countries
(4th UPDATE) The Philippines posts a 'spectacular' 7% economic growth in the 3rd quarter despite slower consumption
Despite this, total cash remittances for January to September 2017 are still up 3.8% to $20.78 billion
The top 3 contributors to the upward revision are financial intermediation; construction; and real estate, renting, and business activities
Compared to our ASEAN neighbors, the Philippines has treaded on a deviant growth path. Now, our poorer neighbors are growing faster than us. As we lead this year’s special ASEAN Summit, we might ask ourselves: How can we bolster our shaky standing in the region?
'Maybe P50 billion each is okay?' the Philippine president asks before an audience of diplomats and businessmen from all over Southeast Asia
Ahead of the ASEAN Summit in Manila, Rappler looks at how economies in the region compare in terms of infrastructure development
This list – shortened compared to the previous one – is seen to boost foreign direct investments flowing into the Philippines