Philippines economy - updates

Rappler's latest stories on Philippines economy

ARTICLE FINDER

Philippines misses GDP growth target for 2019

Jan 23, 2020 - 10:00 AM

(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

[ANALYSIS] The economic lies in ‘Duterte Legacy’

Jan 22, 2020 - 12:03 PM

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'

Inflation jumps to 2.5% in December, overall 2019 figure within target

Jan 07, 2020 - 9:07 AM

(UPDATED) Transportation expenses go up, but low rice prices keep inflation within target in December 2019

[ANALYSIS] 2020s: Can we sustain the stellar growth of the 2010s?

Jan 03, 2020 - 11:14 AM

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.'

[OPINION] Paul Volcker and the triumph of integrity

Dec 21, 2019 - 10:00 AM

The late Paul Volcker was a hero for saving the Philippine peso during the worst economic crisis of the 1980s

Hot money net outflows hit $345 million in November 2019

Dec 19, 2019 - 8:05 PM

Foreign portfolio investments for November yield net outflows as a result of $1.5 billion fleeing, mainly from the United States

[OPINION] P10,727 a month? Why numerical estimates shouldn't be taken that seriously

Dec 14, 2019 - 3:14 PM

Can an average Filipino family of 5 really survive on P10,727 per month?

Inflation inches up to 1.3% in November 2019

Dec 05, 2019 - 9:03 AM

(UPDATED) Inflation jumps in November, as expected by analysts

[ANALYSIS | Point of Law] A correct move for our stock market?

Nov 18, 2019 - 8:27 PM

The proposed Passive Income and Financial Intermediary Taxation Act appears unsound, and Congress may want to rethink it before it's too late

[ANALYSIS] Is the Philippine economy in the pink again? Not exactly

Nov 08, 2019 - 6:50 PM

Latest data betray troubling trends in the economy that soon need to be addressed

Philippine GDP growth jumps to 6.2% in Q3 2019

Nov 07, 2019 - 10:06 AM

(UPDATED) While economic growth rises in the 3rd quarter, the Philippines is still almost certain to miss its target for 2019

[ANALYSIS | Point of Law] Will the Ease of Doing Business Act do the trick?

Nov 05, 2019 - 2:49 PM

It takes an average of 13 procedures to start a business, 9 procedures to register property, and 22 procedures to build a physical establishment in the Philippines

Inflation further slows to 0.8% in October 2019

Nov 05, 2019 - 9:05 AM

(UPDATED) Inflation in the Philippines is at its slowest pace in over 3 years

[ANALYSIS] Duterte the Defeatist

Oct 24, 2019 - 12:03 PM

It’s one thing for presidents – or any leader for that matter – to make mistakes. But it’s a different thing altogether for them to give up as a matter of habit.

Teenage pregnancy dragging PH economic growth – Pernia

Oct 24, 2019 - 9:36 AM

For the Philippines to bring down poverty incidence to just 14% by 2022, Socioeconomic Planning Secretary Ernesto Pernia says that the government should look into teenage pregnancy first

Philippines to miss 2019 economic growth target – World Bank

Oct 10, 2019 - 10:05 PM

Global trade tensions and domestic politics spoil the Philippines' dream to be among Asia's economic juggernauts

[ANALYSIS] Why free-falling inflation is not all good

Oct 08, 2019 - 11:32 AM

A sharp drop in inflation is not an unalloyed boon. As they say, keep everything in moderation.

Inflation cools to 0.9% as rice prices drop in September 2019

Oct 04, 2019 - 9:02 AM

(UPDATED) Rice prices drop further in September 2019, but still not as low as the economic team had hoped

ADB sees Philippines still hitting 2019 economic growth target

Sep 25, 2019 - 1:50 PM

The Asian Development Bank cuts its growth outlook for the Philippines to 6% in 2019, just clinging on to the lower end of the government's target band

Over $1 billion in hot money flees Philippines

Sep 20, 2019 - 12:25 PM

Foreign portfolio investments post a net outflow of $1.1 billion from January to August 2019, reversing the net inflow of $602 million in the same period last year

[OPINION] Navigating the new globalization

Sep 19, 2019 - 5:30 PM

It is only through cultivating a high-trust society that this whole-of-society approach to development could work

Online gambling contributes P551 billion to Philippine economy yearly

Sep 17, 2019 - 12:10 PM

Philippine offshore gaming operators (POGOs) now bring more cash to the local economy than business process outsourcing companies, says Leechiu Property Consultants

JACKPOT. A property consultancy firm says online gambling is contributing more cash now more than ever to the local economy. Photo by Jeff Digma/Rappler


IN CHARTS: Despite slower growth, employment improves in July 2019

Sep 05, 2019 - 4:40 PM

Underemployment falls and more young Filipinos enter the workforce in July 2019

Inflation continues downtrend at 1.7% in August 2019

Sep 05, 2019 - 9:05 AM

(3rd UPDATE) The inflation rate for August 2019 is even lower than the government's target range of 2% to 4%

Family drama in the boardroom? Here's how to prevent costly feuds

Sep 01, 2019 - 9:55 PM

An expert gives family-run businesses tips on how to keep their company alive – for everyone's sake

[ANALYSIS] Dismal growth: Why is the PH economy losing its momentum?

Aug 15, 2019 - 1:19 PM

Economic managers need to be more forthright about the state of the Philippine economy and not paint a picture of it that is rosier than the data suggest

[ANALYSIS] How Duterte’s whims and caprices hurt the economy

Aug 09, 2019 - 9:05 AM

A common theme seems to thread all these policies: not only do they tend to hurt economic efficiency, they’re also often anti-poor

Bangko Sentral cuts interest rates as growth slows down

Aug 08, 2019 - 4:40 PM

The Bangko Sentral ng Pilipinas brings down the key policy rate to 4.25% to support economic growth

Philippine GDP growth still below target at 5.5% in Q2 2019

Aug 08, 2019 - 10:02 AM

(UPDATED) The Philippine government's economic team must play catch up, as growth slows down again in the 2nd quarter of 2019 – the lowest in 17 quarters

Inflation remains low at 2.4% in July 2019

Aug 06, 2019 - 9:00 AM

(UPDATED) Inflation remains within target for the 6th straight month, but economists warn of the so-called base effect

Villanueva says POGOs only 'kill' the local economy

Jul 31, 2019 - 6:02 PM

Senator Joel Villanueva says Filipino interests are only at a disadvantage with the growing Philippine online gambling operations industry in the country

REGULATE. Senator Joel Villanueva bats for the regulation of POGOs operating in the country. Photo by Angie de Silva/Rappler

PH more likely to be upper-middle income in 2020 – Pernia

Jul 24, 2019 - 5:20 PM

After initially projecting that the Philippines would become an upper-middle income economy in 2019, Socioeconomic Planning Secretary Ernesto Pernia now says this is 'surer' in 2020

ADB again lowers Philippine economic growth forecast for 2019

Jul 18, 2019 - 6:00 PM

The Asian Development Bank projects Philippine GDP to grow by 6.2% in 2019, lower than its previous projection of 6.4%

[ANALYSIS] The poor quality of economic growth under Duterte

Jul 18, 2019 - 1:44 PM

It's been a jobless, ruthless, voiceless, rootless, and futureless growth

Inflation slows down to 2.7% in June 2019

Jul 05, 2019 - 9:03 AM

(UPDATED) This is well within the government's target and the lowest inflation rate since September 2017

Inflation, water crisis weaken consumer outlook in Q2 2019

Jun 25, 2019 - 7:25 PM

Consumers were pessimistic, but businesses were upbeat for the 2nd quarter of 2019, according to Bangko Sentral ng Pilipinas surveys

Bangko Sentral keeps interest rates steady, cuts inflation forecasts

Jun 20, 2019 - 5:50 PM

The Bangko Sentral ng Pilipinas maintains monetary policy settings 'for the time being' as it expects lower inflation in 2019 and 2020

RATES STEADY. Bangko Sentral ng Pilipinas Governor Benjamin Diokno holds a press briefing on June 20, 2019. Screenshot from BSP video

Philippines to fast-track costlier projects ahead of income status upgrade

Jun 19, 2019 - 10:50 AM

Once the Philippines achieves upper middle income status, the government will no longer be eligible for Japan's Special Terms for Economic Partnership funding

LOANS. The Philippines will no longer be eligible for special loan funding terms with Japan once it upgrades to upper middle income status. File photo by Jire Carreon/Rappler

Tourism's GDP share rises in 2018 despite Boracay closure

Jun 10, 2019 - 7:50 PM

The number of jobs in the tourism industry also inches up by 1.8% to 5.4 million in 2018

Photo by Boy Ryan B. Zabal

Inflation inches up to 3.2% in May 2019

Jun 05, 2019 - 9:05 AM

(UPDATED) The Philippines' inflation rate rises in May 2019, the first time that it rose after 6 straight months of slowdowns. Did the central bank cut rates too soon?

[ANALYSIS] US-China trade war: Where does the Philippines stand?

Jun 04, 2019 - 10:45 AM

If we can quickly lower the costs of doing business, beef up our competitiveness, and promote enough export-oriented manufacturers, the US-China trade war could turn into a blessing in disguise

Where do leading Senate bets stand on key economic issues?

May 11, 2019 - 2:16 PM

(UPDATED) We track both their track record and statements

EXPLAINER: What's in it for us if the PH has good credit ratings?

May 09, 2019 - 1:54 PM

The Philippines has its highest credit rating to date. But what does that mean for Filipinos?

[ANALYSIS] Duterte a ‘competent’ economic manager? Not so fast

May 09, 2019 - 12:34 PM

To thank Duterte for his 'political will and decisive action' on inflation is like thanking an arsonist for putting out a fire he created in the first place

Philippine GDP growth drops to 4-year low in Q1 2019

May 09, 2019 - 10:03 AM

(3rd UPDATE) The Philippines posts only 5.6% growth in the 1st quarter of 2019, as the government's infrastructure projects hit pause due to the delayed national budget approval

Rappler Talk: JC Punongbayan on PH economy and 2019 elections

May 08, 2019 - 6:26 PM

Tune in on Wednesday, May 8, as Rappler sits down with economist and columnist JC Punongbayan to discuss the Philippines' economic issues and how candidates are proposing to fix these problems

Inflation again settles within target at 3% in April 2019

May 07, 2019 - 9:03 AM

(4th UPDATE) As inflation eases further in April, analysts are looking at whether the Bangko Sentral ng Pilipinas will cut the benchmark interest rate or the reserve requirement ratio

Vegetables at the Commonwealth Public Market on Sunday, April 28, 2019. Photo by Darren Langit/Rappler

S&P upgrades Philippine credit rating to BBB+

Apr 30, 2019 - 6:45 PM

(UPDATED) S&P upgrades the credit rating of the Philippines to BBB+ with a positive outlook on the back of the country's strong economic growth

Northern Mindanao economy grows to 7% in 2018

Apr 26, 2019 - 8:54 AM

Together with the prosperity, poverty incidence in the region also dipped to 25% from 35% in 2017

Bicol posts fastest economic growth among regions in 2018

Apr 25, 2019 - 9:55 PM

Bicol posts an impressive 8.9% growth in 2018, much higher than the national average of 6.2%

FASTEST GROWTH. Bicol Region registers the fastest GDP growth among all regions in the country. Shutterstock photo