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
New Zealand Trade Minister David Parker says making it public will allow better scrutiny before it is formally signed in Santiago on March 8
Hello! Here's a roundup of news you need to know this Wednesday.
The Ayala-led bank also predicts the peso will depreciate 3-4% every year until 2021 as the government's infrastructure buildup progresses
The trade frictions have strained ties at a time when Seoul and Washington are seeking to present a united front against North Korea's nuclear threat
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%
76 countries, numerous international funds and global organizations and hundreds of investors have made pledges
The Bangko Sentral ng Pilipinas attributes the strong inflows to the country's sound macroeconomic fundamentals
Ghana President Nana Akufo-Addo tells parliament his government had buckled down on mismanagement and pledged to stabilize the economy to avoid another bailout
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
EU chief negotiator Michel Barnier warns that Britain faces 'unavoidable' trade barriers after Brexit if it also quits the bloc's single market and customs union
Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis
The national and local governments are putting in place measures to minimize the negative impact of tourism pressure on El Nido
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
Watch the midday newscast with Gelo Gonzales
Undermining rosy data on the world economy are warnings that elite fora such as Davos must start finding solutions for everyone else down the income ladder
(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 ILO also raised serious red flags about the health of the planet's labor market
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 Hang Seng Index climbs 0.25%, or 78.66 points, to finish at 31,983.41 – overtaking its previous high of October 30, 2007, before the global financial crisis kicked in
The British government defends its decision not to bail out imploding construction-to-catering group Carillion, as criticism grows of its handling of the giant firm's demise
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.'
Tunisia has seen several days of protests after activists and politicians denounce hikes in value-added tax and social contributions introduced at the start of the year as a tough new budget is implemented
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
Watch Rappler’s evening newscast with Mara Cepeda
(UPDATED) The interior minister warns protesters will 'pay the price' as footage on social media showed thousands marching across the country overnight in the biggest test for the Islamic republic since mass demonstrations in 2009
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 country's conglomerates have acquired everything from digital payment tech to coal power plants this year, as they acquire the tools they hope will shape the economy’s future
The Philippines' central bank says rate of bad loans remains manageable across economic sectors, like financial and insurance activities
The Center for Economics and Business Research predicts that India will move up to the 5th place in 2018 and 3rd by 2032
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 Associated Labor Union-Trade Union Congress of the Philippines says 15.6 million informal workers will be affected by the newly-signed Train law
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.
The White House says the two 'discussed working together to resolve the very dangerous situation in North Korea'