Rappler's latest stories on Philippine economy
Despite serious concerns about relaxing quarantine measures, the government is pushing for a W-shape recovery strategy. The trade-off is clear – economy trumps public health.
The offer of Finance Secretary Carlos Dominguez III to provide a special briefing comes after he clashed with Senator Imee Marcos over Masagana 99, the failed rice program of dictator Ferdinand Marcos
'Let's not rush TRAIN 2/CITIRA/CREATE (or whatever they are calling it now) and make an effort to get it done better compared to TRAIN 1 and rice tariffication'
According to Cocopea managing director Joseph Noel Estrada, while public school personnel are guaranteed their salaries even with suspended classes, over half a million private school personnel are not.
In this time of crisis, government needs to get its act together and divert all its energies and resources to saving people’s lives
Weak growth and higher spending due to the coronavirus crisis are expected to bloat the Philippines' budget deficit for 2020
The coronavirus pandemic is 'just a temporary setback,' says Acting Socioeconomic Planning Secretary Karl Chua
Let’s make this recession and our collective sacrifice count. But that won’t very well happen if government fails to set its priorities right and get its act together fast.
(UPDATED) The Philippines' gross domestic product contracts by 0.2% in the 1st quarter of 2020, with officials and analysts fearing that the worst is yet to come
(3rd UPDATE) The Philippines' inflation slows down as oil prices plunge, while prices of some food items inch up in April
'If we go back to the way we were, we will end up exactly in the same situation which created and fueled this pandemic to begin with'
'There are more savings that can be had if government abandons its dream of Build, Build, Build. It is a dream not worth chasing at this time.'
With the COVID-19 pandemic, the stakes are much, much higher. Now is not the time for the capricious, evidence-bereft brand of policymaking Duterte has grown used to and gotten away with.
'We will use that (infrastructure projects) as one of the main drivers of our economy.... That is where jobs are created,' says Acting Socioeconomic Planning Secretary Karl Chua
Protecting lives protects the economy. That said, the issue of saving the economy remains. Here are some recommendations.
Ensuring public health comes with a hefty price tag: job losses, business closures, and a peak in populism
Finance Secretary Carlos Dominguez III sees flat to negative growth in succeeding quarters. BSP Governor Benjamin Diokno calls it 'technical recession.'
(UPDATED) Inflation slows down in March as economic activity grinds to a halt due to the coronavirus pandemic
The government plays catch up fixing disrupted supply chains caused by vague lockdown rules
Today we’re enduring two types of crises: one in public health, another in governance
A drastic slowdown in domestic consumption, public infrastructure delays, and postponement of private investments due to the coronavirus are seen to drag down growth in 2020
Rappler talks to Darwin Rivers, founder and president of Philippines HR Group on the crucial role of human resource management in saving companies and jobs amid the pandemic
'The reality that we must face is that the measures we are taking to prevent the spread of the virus will hurt the economy more than the virus itself'
With billions of additional funds soon at Duterte’s disposal – and a spotty track record of transparency and accountability – we should all watch the money trail closer than ever
Rappler talks to Nicholas Mapa, ING Bank Manila's senior economist, on where the government should pump cash and what life after the coronavirus could be like
Rappler talks to Alfredo Paloyo, senior lecturer at the University of Wollongong in Australia, on what the Philippine government should do to protect the poor and save the economy from the coronavirus pandemic
Filipino economists recommend cash aid, food and non-food vouchers, and paid leaves to save lives and the economy
'Allow the scare to go on long enough and only the businesses with adequate capital and little debt will be able to see the end of the tunnel'
As lower revenue collection is seen due to the spreading novel coronavirus, the Philippines' budget deficit may hit as high as 3.6%
Allowing the deficit to blow up to 6.8% last quarter does not reflect well on fiscal managers and suggests fiscal irresponsibility and mismanagement
(3rd UPDATE) Transport and utility costs in the Philippines go down, as the novel coronavirus places downward pressure on global crude oil prices
The Philippines' economic managers see lower tax collections and reduced Chinese imports due to the spread of the virus
The Makati Business Club expresses concern over the termination of the Visiting Forces Agreement with the United States, saying it may 'affect other security agreements'
Fitch Ratings says the Duterte administration's review of allegedly onerous contracts may create some uncertainty, but will not affect the overall business environment and foreign investments
Amid the global economic slowdown and the novel coronavirus spooking markets, the Philippines' central bank aims to shore up the economy by trimming interest rates
In this uber-globalized world, we have to accept that when China sneezes we will all likely catch a cold. But how can we minimize the risk?
(UPDATED) Inflation picks up in January, but remains within the Philippine government's target range
Why is there disappointing growth, given the country's potential? Let's talk about lower investments and the weakening of industry.
Philippine officials do not see the novel coronavirus putting a major dent in the economy
(UPDATED) GDP growth picks up in the 4th quarter of 2019, but the impact of the budget impasse proves to be too much as the overall target is not met
Ranking officials of the Duterte government will do well to know a memorable quote in HBO’s Chernobyl: 'Every lie we tell incurs a debt to the truth. Sooner or later that debt is paid'
(UPDATED) Transportation expenses go up, but low rice prices keep inflation within target in December 2019
There’s a lot to be thankful for in the 2010s when more Filipinos became more prosperous and healthy, so much so that the 2010s might be considered our economy’s true 'golden age.'
The late Paul Volcker was a hero for saving the Philippine peso during the worst economic crisis of the 1980s
Foreign portfolio investments for November yield net outflows as a result of $1.5 billion fleeing, mainly from the United States
Can an average Filipino family of 5 really survive on P10,727 per month?
(UPDATED) Inflation jumps in November, as expected by analysts
The proposed Passive Income and Financial Intermediary Taxation Act appears unsound, and Congress may want to rethink it before it's too late
Latest data betray troubling trends in the economy that soon need to be addressed