economy
ARTICLE FINDER

Moody's: Federalism, 'contentious' policies worry investors

Jul 21, 2018 - 2:18 PM

Moody's Investors Service says the country's 'relatively weak rule of law' and the possible shift to federalism could drag down the economy

#AngMahalNa: Additional fees, price increases burden Filipinos

Jul 20, 2018 - 4:05 PM

Rappler tracks down the latest increases or additional charges and fees that affect and hurt the pockets of Filipinos

Roque counters Pernia: Federalism won't harm budget, economy

Jul 18, 2018 - 2:25 PM

'Our budget would remain the same,' claims Presidential Spokesperson Harry Roque, in response to Socioeconomic Planning Secretary Ernesto Pernia's assertion that a shift to federalism would 'wreak havoc' on the economy

#ThewRap: Things you need to know, July 18, 2018

Jul 18, 2018 - 12:12 PM

Hello! Here's a roundup of news you need to know this Wednesday.

At least 206 families, 829 individuals evacuees in Barangay Silangan in Quezon City on Wednesday, 18, 2018 who gather at the Barangay covered court for shelter due to continues downpour enhanced by Tropical Depression Henry that left their houses flooded. Photo by DARREN LANGIT

Federalism will ‘wreak havoc’ on Philippine economy – Pernia

Jul 17, 2018 - 3:43 PM

'[The] momentum of infrastructure improvement in the regions is going to be disrupted,' Socioeconomic Planning Secretary Ernesto Pernia says

Philippine economy to sustain growth momentum – First Metro

Jul 16, 2018 - 9:25 PM

First Metro Investment Corporation president Rabboni Francis Arjonillo says the country's gross domestic product may meet or even surpass the government's target of 7% in 2018

Haiti prime minister resigns after deadly unrest

Jul 15, 2018 - 1:01 PM

The unrest was sparked by the government's plans for major fuel price hikes — 38% for gasoline, 47% for diesel, and 51% for kerosene

RESIGNED. Haitian Prime Minister Jack Guy Lafontant during his speech to the deputies at the interpellation session in Port au Prince, Haiti, July 14, 2018. He confessed to having given earlier in the day his resignation to the President of the Republic who accepted it. Photo by Pierre Michel Jean/AFP

Robredo tells Duterte to fix the economy after ‘incompetent’ remark

Jul 11, 2018 - 6:48 PM

'Ayoko na sana i-dignify pero siguro sabihin ko na lang na imbes na insultuhin ako o ang Diyos, asikasuhin na lang muna ang mga problema ng ating ekonomiya,' Vice President Leni Robredo tells President Rodrigo Duterte

'FIX THE ECONOMY.' Vice President Leni Robredo slams President Rodrigo Duterte for calling her incompetent. File photo by OVP

Foreign direct investments dip by 3.2% in April 2018

Jul 11, 2018 - 8:12 AM

Despite the year-on-year dip, the central bank is optimistic due to 'favorable investor sentiment'

[OPINION] Why inflation is actually at a 9-year high

Jul 10, 2018 - 9:23 AM

The BSP expects inflation to settle in at 4.6% this year, above its 4% upper target. This means we can expect inflation to further increase till the third quarter of 2018 before it subsides.

[EDITORIAL] #AnimatED: ‘Tatak-pagbabago’ ba ng Dutertenomics ang inflation?

Jul 09, 2018 - 9:01 AM

Bolang kristal ba ang kinonsulta ng mga ekonomista ni Duterte?

What Duterte's economic team did not say during the pre-SONA 2018 forum

Jul 06, 2018 - 10:02 PM

The dip in Philippine competitiveness ranking, missing the 2017 labor target, and slow implementation of infrastructure projects are left out during the 'Tatak ng Pagbabago: Tatak ng Pag-unlad' forum

THE ECONOMY'S HEALTH. Public Works and Highways Secretary Mark Villar (left), Finance Secretary Carlos Dominguez III (middle), and Socioeconomic Planning Secretary Ernesto Pernia (right) reported the various efforts of their respective agencies during the pre-state of the nation (SONA) forum. Pernia's photo by Albert Alcain/Presidential Photo, Dominguez' photo by Toto Lozano/Presidential Photo, Villar's photo by Malacañang Photos

June 2018 inflation soars to 5.2%

Jul 05, 2018 - 9:13 AM

(5TH UPDATE) Inflation climbs to another fresh high, exceeding market expectations and government forecasts

[OPINION] China’s economic time bomb

Jun 30, 2018 - 11:00 AM

There are 3 troubling signs that China is a prime candidate to be the site of the next financial crisis

Is the Philippine economy really 'in the doldrums'?

Jun 28, 2018 - 10:10 AM

The economy is far from stagnant. What's alarming is President Duterte's apparent cluelessness about the signs of trouble and the need to chart a steady course.

Venezuela inflation hits 24,571% – lawmakers

Jun 12, 2018 - 5:00 PM

The country is in the midst of an ever-deepening crisis, with food and medicine in short supply

People buy vegetables at a street stall in Barquisimeto, Venezuela, on May 19, 2018 on the eve of the country's presidential election. Venezuela holds presidential elections on May 20, in which Maduro is seeking a second six-year term.  / AFP PHOTO / Luis ROBAYO

Foreign investment pledges dip by 37.9% in Q1 2018

Jun 07, 2018 - 8:40 PM

Foreign investment pledges for the 1st quarter of 2018 stood at P14.2 billion, says the Philippine Statistics Authority

Inflation rate, COA on Binays, Apple updates | Midday wRap

Jun 05, 2018 - 12:12 PM

Watch Rappler’s midday newscast with Bea Cupin

Philippine inflation spikes at 4.6% in May 2018

Jun 05, 2018 - 9:06 AM

(2nd UPDATE) Inflation hits a new 5-year high

PH economy growing but poverty still high – World Bank

May 30, 2018 - 2:10 PM

'Despite the generally good economic performance, poverty remains high and the pace of poverty reduction has been slow,' says the World Bank in its latest report on poverty in the Philippines

REDUCE POVERTY. World Bank Program Leader for human development Gabriel Demombynes and Senior Economist Xubei Luo give a general assessment of the poverty situation in the Philippines. Photo by Sofia Tomacruz/Rappler

Venezuela's Maduro seeks oil output boost as he is sworn in

May 25, 2018 - 12:53 PM

Striking a rare conciliatory note, Nicolas Maduro admits a fresh take on Venezuela's problems is needed, in a lengthy speech before the military and government hierarchy

SECOND TERM. Venezuelan President Nicolas Maduro (L) speaks next to members of the military high command during a military honour ceremony in Caracas on May 24, 2018. Photo by Juan Barreto/AFP

Fewer Filipinos expect life to improve in next 12 months – SWS

May 24, 2018 - 7:09 AM

Fewer Filipinos also remain optimistic that the Philippine economy will get better in 2019, says a survey by the Social Weather Stations

QUALITY OF LIFE. Fewer Filipinos expect their quality of life to improve in the next 12 months, says a recent survey by SWS. File photo by AFP

Gov't underspending leads to narrower budget deficit as of April

May 23, 2018 - 8:05 PM

The Philippines' budget deficit from January to April is at P115.9 billion, lower than the P167.1-billion projection

PH hot money net inflows hit $279M in April

May 19, 2018 - 8:30 AM

Data from the Bangko Sentral ng Pilipinas show that the country had a net inflow of foreign portfolio investments for the second straight month in April with $279.28 million, 5 times more than in the same month last year

[OPINION] What does Sereno’s ouster mean for the economy?

May 18, 2018 - 7:48 AM

Is there any economic fallout from the ouster of Chief Justice Sereno last week?

More jobs in a green economy – ILO report

May 16, 2018 - 9:38 AM

'The green economy can enable millions more people to overcome poverty, and deliver improved livelihoods for this and future generations,' says International Labor Organization Deputy Director General Deborah Greenfield, citing the findings of the World Employment Social Output 2018 report

FARMING IN BENGUET. A farmer checks on a farm planted with lettuce in preparation for harvest in Barangay Paoay, Atok town in Benguet province. Photo by Mau Victa/Rappler

Philippines posts sharpest drop in remittances in 15 years

May 15, 2018 - 7:16 PM

This comes on the heels of the repatriation of overseas Filipino workers from Middle East countries

Images from Shutterstock

Foreign direct investments in PH continue to strengthen in February

May 11, 2018 - 4:30 PM

The country's central bank governor says this reflects investor confidence in the country’s sound macroeconomic fundamentals and growth prospects

PH GDP grows 6.8%, Kim on Trump, Pacquiao on Mayweather | Evening wRap

May 10, 2018 - 7:53 PM

Watch Rappler's evening newscast with Mara Cepeda

#ThewRap: Things you need to know, May 10, 2018

May 10, 2018 - 10:42 AM

Hello! Here are the stories you shouldn't miss this Thursday.

VOTED. Former Malaysian prime minister and opposition party Pakatan Harapan's candidate Mahathir Mohamad shows his inked finger as he casts his vote at a polling station during the 14th general elections in Alor Setar on May 9, 2018.​ Photo by Jewel Samad/ AFP

Philippine GDP grows by 6.8% in Q1 2018

May 10, 2018 - 10:04 AM

(4TH UPDATE) Socioeconomic Planning Secretary Ernesto Pernia says Philippine economic growth in the first quarter of the year would have been well within government's target if it were not for high inflation

FACT CHECK: Davao Region, not city, is '2nd fastest growing economy' in PH

May 09, 2018 - 5:28 PM

The claim was sourced from a presidential media briefing which refers to Davao Region, and not Davao City

Philippines' forex buffer hits 3-year low in April

May 07, 2018 - 6:55 PM

This is dragged by outflows arising from payments made by the national government for its maturing foreign obligations as well as the foreign exchange operations of the central bank

Majority of Filipinos still have no bank account – World Bank

May 06, 2018 - 9:00 PM

While the gap remains, the number of Filipino adults holding formal bank accounts is now higher, accelerated by mobile phones and the internet

Philippine inflation rises to 4.5% in April 2018

May 04, 2018 - 10:15 AM

Inflation reaches another 5-year high amid price increases for alcoholic beverages and tobacco; transport; as well as housing, water, electricity, gas, and other fuels

Amid high inflation, Bangko Sentral ready to raise interest rates 'if needed'

May 03, 2018 - 4:10 PM

While the Philippine central bank's medium-term inflation outlook remains within the government target, it says it will continue monitoring the figures in case a policy shift is needed

READY TO RAISE. If all considerations point to the need for the BSP to undertake some decisive action, Diwa Guinigundo says BSP 'will not have second thoughts.' File photo by BSP

Rising gas, food prices seen to push PH inflation faster

May 03, 2018 - 12:24 PM

The movement of prices of basic goods and services is seen to be faster in April

HIGHER PRICES. Higher price increases are noted for rice, corn, fish, fruits, and vegetables in March 2018. File photo by Noel Celis/AFP

Marx at 200: Germany torn over revolutionary's legacy

May 02, 2018 - 5:28 PM

With scars from the Cold War still fresh, people from capitalist former West Germany and the once communist East are of two minds about the 19th-century philosopher whose bicentenary is on May 5

MARX @200. This picture taken in Trier, southwestern Germany, shows Karl Marx mugs with the inscription "Karl Marx - hip for 200 years", realeased on the occasion of German philosopher's bicentenary. On May 5, 2018 is the 200th anniversary of Marx's birth. Photo by Harald Tittel/dpa /AFP

U.S. Fed to hold fire amid rising market sensitivity

Apr 29, 2018 - 11:50 PM

Investors will be looking for signs of how concerned US officials appear to be about rising wages and inflation

WASHINGTON, DC - MARCH 21: U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference March 21, 2018 in Washington, DC. The Fed today as expected announced a quarter-point increase in interest rates under its new chairman. Alex Wong/Getty Images/AFP

S&P raises credit rating outlook on Philippines

Apr 27, 2018 - 5:26 PM

A higher credit rating translates to more foreign investments, lower borrowing cost for both the government and private sectors, among others

Philippines to borrow more from foreign lenders

Apr 25, 2018 - 8:15 AM

Budget Secretary Benjamin Diokno says the government decided to hike the share of foreign borrowings to 25% of the total financing program for the next 5 years, from the initial 20%

Philippine economy to lose up to P1.96 billion over Boracay closure

Apr 24, 2018 - 4:10 PM

Socioeconomic Planning Secretary Ernesto Pernia says the growth rates of Western Visayas 'will be trimmed'

ECONOMIC IMPACT. Upon the orders of President Rodrigo Duterte, Boracay Island will be closed to tourists for 6 months starting Thursday, April 26. Photo by Angie De Silva/Rappler

Most Filipinos worry about workers' pay, inflation – Pulse Asia

Apr 24, 2018 - 10:22 AM

While urgent concerns are mostly economic in nature, levels of concern about fighting corruption and enforcing the rule of law drop between December 2017 and March 2018

BPI expects to benefit from higher interest rates, tax reform, infra buildup

Apr 19, 2018 - 6:50 PM

In 4 to 5 years, BPI expects to raise the share of SME, retail, and microfinance loans to 35%, and reduce the share of corporate loans to 65%

EXPANSION PLANS. BPI plans to allocate P50 billion to accelerate the growth of small and medium enterprise (SME), boost digitalization efforts, enhance deposit franchise and delivery infrastructure, as well as improve its microfinance business. Photo by LeAnne Jazul/Rappler

Philippine remittances growth slows down in February

Apr 16, 2018 - 4:00 PM

Cash remittances, or remittances formally channeled through banks, register $2.27 billion in February 2018, representing 4.5% year-on-year growth from the same month a year ago

OF REMITTANCES. Cash remittances from land-based workers and sea-based workers increased by 6.4% and 9.8%, respectively, data from BSP showed. Photo by LeAnne Jazul/Rappler

Canada's Trudeau squeezed in pipeline crisis

Apr 15, 2018 - 11:20 AM

Canadian Prime Minister Justin Trudeau is cutting short an overseas tour to return home and mediate

POLITICAL CRISIS. Canadian Prime Minister Justin Trudeau faces a domestic political crisis. File photo by AFP

[OPINION] Enough of policymaking without planning

Apr 13, 2018 - 6:12 PM

As the Boracay example illustrates, policymaking without planning makes for needless chaos, confusion, and destruction

World Bank expects stable 6.7% growth for PH in 2018, 2019

Apr 12, 2018 - 8:00 PM

'Any growth above 6.7% would require vigorous investment in physical and human capital to push the economy beyond its current potential output,' says the World Bank

Philippines in 'golden age' of growth – ADB

Apr 11, 2018 - 1:21 PM

The Asian Development Bank projects the Philippine economy to grow by 6.8% in 2018 and 6.9% in 2019

ADB Asian development outlook 2018

Philippines starts 2018 with foreign direct investments up by over 50%

Apr 10, 2018 - 6:45 PM

Foreign direct investment inflows reach $919 million in January 2018, up from the $587 million in January 2017