philippine economy
ARTICLE FINDER

PH stocks break 8,200 level, post 3rd straight all-time high

Sep 18, 2017 - 8:35 PM

Local stocks post a new milestone just before the Chinese ghost month ends on Tuesday, September 19

NEW MILESTONE. On Monday, September 18, the Philippine Stock Exchange index (PSEi) close at a record high of 8,294.14, up by 113.29 points or 1.4% from Friday, September 15. Photo courtesy of PSE

PH external debt drops by 1.8% to $72.5 billion in Q2 2017

Sep 17, 2017 - 9:20 PM

The end-June 2017 level is also down by $5.2 billion from the same time last year

August net outflows hit $58M as ghost month begins

Sep 14, 2017 - 8:40 PM

Tensions between the US and North Korea mixed Q2 corporate results and political developments also contribute to investor hesitancy according to the Bangko Sentral ng Pilipinas

Marcos plundered to 'protect' the economy? Makes no economic sense

Sep 11, 2017 - 11:00 AM

Let’s not sugarcoat it: what the Marcoses did was quite possibly the biggest presidential plunder in history

Consumer confidence declines in PH during Q3 2017

Sep 08, 2017 - 8:53 PM

The Philippines central bank reports the latest overall index remains the 2nd highest since the survey was launched in 2007

Inflation rises to 3.1% in August

Sep 05, 2017 - 5:40 PM

The National Economic and Development Authority attributes the increase to higher prices of food transportation water electricity and gas

Credit Suisse upgrades Philippine GDP 2017 outlook on Q2 results

Aug 21, 2017 - 6:10 PM

The global financial services giant now expects the Philippines gross domestic product to grow faster at 6 1 instead of 6 this year

STRONGER. The upgrade is a result of a better-than-expected 2nd quarter 2017 results. Rappler file photo

Gov't spending, agriculture lift Philippine GDP in Q2 2017

Aug 17, 2017 - 8:50 PM

Spending on infrastructure is a bright spot for the economy in the 2nd quarter of 2017 but in a role reversal it s now the private sector and not the government that is lagging

Malacañan Photo

Uber, Gross Domestic Product, Chinese tourists | Midday wRap

Aug 17, 2017 - 12:39 PM

Watch the midday newscast with Marguerite de Leon

Philippine GDP grows faster by 6.5% in Q2 2017

Aug 17, 2017 - 10:10 AM

3rd UPDATE The 6 5 growth in GDP places the Philippines ahead of ASEAN nations that have released their 2nd quarter figures but it is still behind China

Credit Suisse expects slower PH GDP growth in Q2

Aug 11, 2017 - 1:38 PM

The Philippines GDP growth has been on the downtrend since the 4th quarter of 2016

ON A DOWNTREND. Credit Suisse expects Philippine economic growth to be on a downtrend. Rappler photo

IMF cuts 2017, 2018 Philippine GDP forecasts

Aug 09, 2017 - 2:25 PM

The multilateral lender cuts its Philippine economic growth forecast to 6 6 for 2017 and 6 8 for 2018 but remains optimistic about the country s economy

REMAINS OPTIMISTIC. Despite a downgrade in forecasts, International Monetary Fund says it is still 'very optimistic about growth in the Philippines.' Rappler file photo

Philippine inflation in July edges up

Aug 04, 2017 - 6:15 PM

BSP Governor Nestor Espenilla Jr says the central bank continues to see a manageable inflation outlook over the policy horizon

WITHIN TARGET. The July 2017 inflation remains below the midpoint of the 2% to 4% target set by the Bangko Sentral ng Pilipinas (BSP). Rappler image

Standard Chartered cuts Philippine GDP forecast

Aug 01, 2017 - 8:05 PM

The bank slashes its forecast to reflect the disappointing GDP expansion in the 1st quarter of the year which was largely due to weak investment growth

STILL FASTEST? The projected GDP growth for the Philippines this 2017 would be faster than Stanchart's 2017 outlook for Vietnam (6.4%), Indonesia (5.2%), Malaysia (4.6%), Thailand (3.5%), Singapore (2%), and Taiwan (1.9%). Rappler file photo

OFW cash remittances rebound to hit $2.31B in May

Jul 17, 2017 - 9:00 PM

Total cash remittances are up 4 5 for the first 5 months of the year totaling 11 346 billion

FDI net inflows down 61.1% to $874M in April

Jul 10, 2017 - 6:00 PM

The net inflows total 2 4 billion for January to April this year down 32 compared to the 3 6 billion in the same period a year ago

Change is wanting: Dutertenomics and foreign policy

Jul 10, 2017 - 10:30 AM

Despite positive efforts the President has also tried but failed to recalibrate our dependent neocolonial relations with the US and appears intent on merely replicating the same with China and Russia

First Metro, UA&P lower Philippine GDP forecast due to slow spending

Jul 05, 2017 - 8:05 PM

Economists express concern over infrastructure projects warning that changing modes of implementation midway would lead to delays and slower growth

FORECAST. First Metro and UA&P have trimmed their Philippine economic growth forecast for 2017

Inflation in June slowest in 5 months

Jul 05, 2017 - 6:25 PM

The National Economic and Development Authority projects a moderate inflation rate for the rest of 2017 thanks to lower fuel prices

LOW. PSA reports significantly slower year-on-year increase in domestic petrol prices in June, particularly unleaded gasoline (5.1% from 9.9%), diesel (5.3% from 13.6%), and kerosene (3% from 9.6%). Rappler file photo

World Bank cuts PH growth outlook to 6.8%

Jul 02, 2017 - 10:25 PM

With government consumption and investment growth somewhat weaker the World Bank lowers its forecast for the Philippines in 2017

REVISED DOWNWARDS. The multilateral bank agency's growth outlook for the Philippines is now 6.8% for 2017, one percentage point lower than the 6.9% forecast released in the April edition of the World Bank Philippine Economic Update. Rappler file photo

PH aims to be among top 20 most competitive countries by 2020

Jun 28, 2017 - 8:45 PM

The Philippines currently ranks 99th out of 190 countries in terms of ease of doing business according to the World Bank Group s International Finance Corporation

For Dutertenomics to work, the President has to take charge

Jun 27, 2017 - 10:00 AM

The President can no longer take the backseat The executive and legislative are in a deadlock over tax reform Dutertenomics financing hanging in the balance

BSP maintains interest rates in Tetangco's final Monetary Board meeting

Jun 22, 2017 - 6:20 PM

While global economic conditions remain challenging outgoing BSP Governor Amando Tetangco Jr says prospects for domestic economic activity continue to be firm

RATES KEPT. BSP Governor Amando Tetangco Jr says the central bank is keeping the overnight borrowing rate at 3%. Screenshot from BSP YouTube page

$544M of hot money flows out of PH in first 5 months of 2017

Jun 18, 2017 - 10:20 PM

A net total of 543 79 million in foreign portfolio investments flows out in contrast to the 178 million in net inflows for the January May period last year

Philippine stocks, peso down on another U.S. Fed hike

Jun 15, 2017 - 8:45 PM

The US Federal Reserve s decision to raise the benchmark interest rate for the 2nd time this year is the primary market mover on Thursday June 15

ANTICIPATED. The US Federal Reserve's decision to raise interest rates for the second time this year is a move widely expected by economists and investors. Rappler file photo

OFW cash remittances at 15-month low in April

Jun 15, 2017 - 6:20 PM

This is the lowest level cash remittances have totaled since registering 1 997 billion in January 2016

PH economy to march on despite political risks – Oxford Business Group

Jun 14, 2017 - 7:35 PM

Navigating the new world order and completing massive infrastructure projects are more crucial to economic momentum according to experts

NEDA expects Philippine economy to grow faster in Q2

Jun 12, 2017 - 6:55 PM

Socioeconomic Planning Secretary Ernesto Pernia says the Marawi siege and the Resorts World Manila attack will not have lasting impact on tourism and the economy as a whole

HIGHER GROWTH. 'I think it will approach 7%. If you look at leading indicators, the second quarter I think will be better (than the first quarter),' Socioeconomic Planning Secretary Ernesto Pernia says. Malacañang file photo  Malacañang file photo

Inflation eases to 4-month low in May

Jun 06, 2017 - 3:15 PM

A 3 1 inflation rate is recorded in May – the lowest since the consumer price index averaged 2 7 last January

LOWER. A customer buys garlic at a market in Manila on August 5, 2014. Philippine inflation eases to 4-month low in May this year. Photo by AFP

Moody's keeps Philippine GDP target despite Marawi crisis

Jun 01, 2017 - 5:50 PM

A senior credit officer at Moody s says the firm expects the economic impact of the Marawi crisis to be minimal and short lived

CONTAINED. Moody's explains the fighting has thus far has been contained to Marawi, located in the Autonomous Region in Muslim Mindanao (ARMM), which itself accounts for only 0.7% of GDP. File photo

Why martial law is not the solution to Mindanao's woes

Jun 01, 2017 - 8:58 AM

There is a need to consolidate the growing voices of discontent if there is still hope to immediately end this martial law and move towards the original direction of sustaining inclusion in integral development based on social justice

NEVER AGAIN. Cebu activists protest the imposition of Martial Law in Mindanao. Photo by Tagoy Jakosalem

BSP sees slightly lower inflation in May

May 27, 2017 - 9:00 AM

The Bangko Sentral ng Pilipinas attributes this to lower oil prices and electricity rates

OFFSET. On the other hand, Tetangco says higher rice prices could partly offset the impact of declining oil prices and cheaper power rates. Rappler file photo

Philippine peso, stock market stable despite martial law declaration

May 24, 2017 - 10:15 PM

BSP Governor Amando Tetangco Jr points out however that there may be temporary cautiousness in the next few days

#ThewRap: Things you need to know, May 18, 2017

May 18, 2017 - 10:48 AM

Hello Here are the stories you shouldn t miss this Thursday

PH economy grows slower by 6.4% in Q1

May 18, 2017 - 10:18 AM

UPDATED Aquino and Duterte have something in common: slow pace of public infrastructure spending

OFW cash remittances up 10.7% in March

May 15, 2017 - 11:20 PM

Total cash remittance flows for the 1st quarter of 2017 reach 6 953 billion up 7 7

#ThewRap: Things you need to know, May 12, 2017

May 12, 2017 - 11:00 AM

Hello Here are the stories you shouldn t miss this Friday

BSP maintains policy rates, inflation forecast

May 11, 2017 - 11:25 PM

There is only one more policy meeting left before Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr hands over the reins to his successor

RATE KEPT. BSP Governor Amando Tetangco Jr says the central bank is keeping the overnight borrowing rate at 3%. Screenshot from BSP YouTube page

Espenilla promises continuity, more financial innovation at BSP

May 09, 2017 - 9:10 PM

The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country s monetary stance as well as expand the debt market and digital payments

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

FAST FACTS: What you need to know about PH's informal sector workers

May 09, 2017 - 8:00 PM

Informal sector workers comprising up to 38 of the labor force are among the most vulnerable workers in the country

A worker carries a bale of collected recyclable materials at a junk shop near the former dumpsite and landfill named "Smokey Mountain" in Manila on June 26, 2016. Incoming Philippine president Rodrigo Duterte pledged on May 26 to spread economic activity beyond the overpopulated capital of Manila, calling it a "dead" city overrun by shantytowns. / AFP PHOTO / TED ALJIBE

FAST FACTS: What does the Bangko Sentral ng Pilipinas do?

May 09, 2017 - 1:05 PM

Nestor Espenilla Jr has just been named BSP governor Rappler takes a look at the role of the BSP as Espenilla steps in along with some of the issues he may face ahead

NEW CAPTAIN. The BSP welcomes a new governor - Nestor Espenilla Jr.

China pushes economic diplomacy amid warm Philippine ties

May 06, 2017 - 5:00 PM

The Asian powerhouse expresses optimism over the Philippines participation in the ambitious Belt and Road Initiative

Inflation remains steady in April

May 05, 2017 - 6:09 PM

Inflation remains unchanged at 3 4 in April bringing the average inflation in the first 4 months of the year to 3 2

UNCHANGED. A street vendor counts Philippine peso currency in Manila on September 13, 2012. Photo by Jay Directo/AFP

Bank lending grows by 19.7% in March

May 02, 2017 - 10:25 PM

Domestic liquidity is also up 11 2 year on year to P9 5 trillion although this is slightly slower than the 12 6 in February

OFW cash remittances hit $2.169B in February

Apr 17, 2017 - 7:00 PM

Remittance flows for the first two months of the year stand at 4 338 billion up by 5 9 compared to the same period last year

#ThewRap: Things you need to know, April 6, 2017

Apr 06, 2017 - 10:42 AM

Hello Here s a roundup of news you need to know this Thursday

Inflation rises to 3.4% in March

Apr 05, 2017 - 6:35 PM

The continuing rise is driven by higher prices for gas electricity rice and meat

Will tax reform really hurt the poor?

Apr 01, 2017 - 9:30 AM

With the vast popularity of the President there’s no politically better time to push for a contentious tax reform bill

Fitch affirms PH investment grade rating at BBB-

Mar 30, 2017 - 2:10 PM

The rating comes with a positive outlook that indicates an upward trend for credit ratings over a one to two year period

BSP keeps policy stance, cuts inflation forecast

Mar 23, 2017 - 9:15 PM

The Bangko Sentral ng Pilipinas lowers its inflation outlook for 2017 and 2018 to 3 4 and 3 respectively

WIDELY EXPECTED. Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr says the US Federal Reserve rate hike is widely expected and already priced in. Screenshot from BSP Youtube page