philippine economy - updates

Rappler's latest stories on philippine economy

ARTICLE FINDER

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

Fitch cuts Philippine economic growth forecasts for 2019, 2020

Apr 24, 2019 - 9:10 PM

Fitch Ratings says the delayed passage of the 2019 budget, aggressive interest rate hikes, and the US-China trade war will weigh on the Philippines' economic growth

Philippine exports drop, imports rise in February 2019

Apr 11, 2019 - 12:35 PM

(UPDATED) The Philippines' balance of trade in goods increased to a $2.79-billion deficit, from a $2.54-billion deficit year-on-year

Swedish firms bullish on Philippines, but frown on red tape

Apr 08, 2019 - 4:45 PM

Swedish firms doing business in the Philippines expect double-digit growth in the next 3 years, but also note that doing business in the country 'is not easy'

Inflation eases further to 3.3% in March 2019

Apr 05, 2019 - 9:05 AM

(4th UPDATE) Inflation again slows down in March. Will the central bank now cut interest rates?

Philippine economy may be one of few winners in 2019 regional slowdown

Apr 03, 2019 - 3:40 PM

The Asian Development Bank trims its 2019 growth prospects for the Philippines, but expects it to be among the few countries which may beat their 2018 figures


[ANALYSIS] How the Marcos-World Bank partnership brought PH economy to its knees

Apr 02, 2019 - 9:15 AM

The World Bank provided dictator Ferdinand Marcos a curtain of international legitimacy behind which he and his cronies plundered the public till

World Bank cuts 2019 Philippine growth outlook again

Apr 01, 2019 - 2:30 PM

The World Bank says the Philippines' delayed 2019 budget and El Niño are likely to hurt economic growth

Budget fiasco pushes economic team to lower growth target

Mar 13, 2019 - 7:44 PM

The government was optimistic that economic growth could hit 7% to 8%. Now, that lower-end figure is now the highest target.

Finally! Inflation in February 2019 falls within target at 3.8%

Mar 05, 2019 - 9:04 AM

(3rd UPDATE) Metro Manila sees its lowest inflation rate in 18 months. All other regions also exhibit slower inflation rates.

9 reasons why the Philippines is ripe for business in 2019

Feb 27, 2019 - 8:30 PM

After missing their growth targets in 2018, the country's economic managers are upbeat that the economy will be better this time around

Philippine exports, imports nosedive in December 2018

Feb 12, 2019 - 4:05 PM

The Philippine Statistics Authority says both imports and exports shrank in December 2018. Overall, the country's trade gap is now at its widest in history.

Approved investments hit P97.9 billion in January 2019

Feb 11, 2019 - 12:40 PM

Trade Secretary Ramon Lopez says the Board of Investments is off to a good start in its attempt to hit P1 trillion in approved investments for 2019

Media made inflation worse? Economic team never flagged it until now

Feb 06, 2019 - 4:05 PM

Rappler reviews statements of the government's economic team and finds that they never mentioned media reports among the factors which aggravated inflation in 2018

Inflation slows down further to 4.4% in January 2019

Feb 05, 2019 - 9:01 AM

(UPDATED) The latest inflation figure is closer to the government's target range of 2% to 4%

Feeling the inflation pinch, Filipinos hold back on spending

Feb 04, 2019 - 1:32 PM

TheNerve’s survey results show Filipinos feeling financially worse off in 2018