philippine economy - updates

Rappler's latest stories on philippine economy

ARTICLE FINDER

Farmers trash spoiled vegetables while poor go hungry

Apr 06, 2020 - 5:01 PM

The government plays catch up fixing disrupted supply chains caused by vague lockdown rules

[ANALYSIS] May pera nga ba? Does Duterte have money to fight COVID-19?

Apr 02, 2020 - 1:17 PM

Today we’re enduring two types of crises: one in public health, another in governance

Worst-case scenario: PH economy may contract 0.5%, says World Bank

Mar 31, 2020 - 12:40 PM

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 Talk: How BPOs, human resources are dealing with coronavirus

Mar 28, 2020 - 2:58 PM

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


[OPINION] We need to lobby for meaningful fiscal stimulus during the pandemic

Mar 27, 2020 - 3:19 PM

'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'

[ANALYSIS] ‘Freezing’ the PH economy: Can we survive it?

Mar 26, 2020 - 11:59 AM

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 Talk: Coronavirus and the economy

Mar 25, 2020 - 4:20 PM

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 Talk: Saving the economy from a pandemic

Mar 23, 2020 - 10:00 AM

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


Economists to gov't: Spend P300 billion or more vs coronavirus

Mar 23, 2020 - 9:30 AM

Filipino economists recommend cash aid, food and non-food vouchers, and paid leaves to save lives and the economy

[OPINION] With the coronavirus crisis, it's business unusual

Mar 13, 2020 - 1:41 PM

'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'

Philippines to borrow more than planned to combat coronavirus impact

Mar 11, 2020 - 10:25 AM

As lower revenue collection is seen due to the spreading novel coronavirus, the Philippines' budget deficit may hit as high as 3.6%

[ANALYSIS] How the budget deficit exploded under Duterte’s watch

Mar 05, 2020 - 1:16 PM

Allowing the deficit to blow up to 6.8% last quarter does not reflect well on fiscal managers and suggests fiscal irresponsibility and mismanagement

Inflation slows down to 2.6% in February 2020

Mar 05, 2020 - 9:06 AM

(3rd UPDATE) Transport and utility costs in the Philippines go down, as the novel coronavirus places downward pressure on global crude oil prices

'A mess': Coronavirus economic impact on Philippines worse than projected

Mar 03, 2020 - 3:00 PM

The Philippines' economic managers see lower tax collections and reduced Chinese imports due to the spread of the virus

People buying protective masks at a medical supplies store in Manila on January 31, 2020. - The Philippines reported its first case of the virus on January 30, of a 38-year-old woman who arrived from Wuhan and is no longer showing symptoms. (Photo by Ted ALJIBE / AFP)

Makati Business Club: 'Strong' U.S. ties important for PH economy, security

Feb 21, 2020 - 4:59 PM

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'

ALLIES NO MORE? The Philippine and US flags during the opening ceremony of the yearly Balikatan joint military exercises in April 2016. File photo by Ted Aljibe/AFP

Despite political risks, Fitch Ratings raises outlook for Philippines

Feb 11, 2020 - 9:00 PM

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

To boost economy, Bangko Sentral cuts interest rates by 25 basis points

Feb 06, 2020 - 8:20 PM

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

[ANALYSIS] Will novel coronavirus also infect the Philippine economy?

Feb 05, 2020 - 10:35 AM

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?

Inflation inches up to 2.9% in January 2020

Feb 05, 2020 - 9:02 AM

(UPDATED) Inflation picks up in January, but remains within the Philippine government's target range

[ANALYSIS] Why did Philippine growth drop to an 8-year low?

Jan 31, 2020 - 11:56 AM

Why is there disappointing growth, given the country's potential? Let's talk about lower investments and the weakening of industry.

Finance team says PH economy 'can handle' coronavirus effects

Jan 30, 2020 - 9:35 PM

Philippine officials do not see the novel coronavirus putting a major dent in the economy

MINIMAL ECONOMIC EFFECT. Chinese nationals arriving from Guangzhou, China are seen wearing face mask at the arrival area of Ninoy Aquino International Airport Terminal 1 in Pasay City. File photo by Ben Nabong/Rappler

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