philippine economy
ARTICLE FINDER

DA: Q3 growth in palay production 'most notable' for agri sector

Nov 22, 2017 - 4:05 PM

Agriculture Secretary Emmanuel Piñol hopes the 'bountiful harvest' of rice they are expecting for the 4th quarter will boost the agriculture sector's performance by the end of the year

SUPPLY CHECK. Keeping the rice supply in check is crucial because it tames the grain’s retail price in the market. File photo by Jay Directo/AFP

BSP remains vigilant over potential economic overheating

Nov 21, 2017 - 7:15 PM

'We do not believe that we are there yet and we remain very vigilant to avoid it,' Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr says on the possibility that the economy might overheat

Philippines' foreign aid disbursements decline in 2016

Nov 20, 2017 - 8:30 AM

The Department of Transportation, Department of Social Welfare and Development, Land Bank of the Philippines, and National Irrigation Administration are the top 4 agencies that failed to meet disbursement targets for 2016

UNMET TARGETS. The decline in disbursements reflects the planning and implementation capacities of project management offices. Photo by LeAnne Jazul/Rappler

Philippines overtakes China in economic growth again

Nov 16, 2017 - 12:45 PM

In the 3rd quarter of 2017, the Philippine economy's 6.9% growth performs better than China and neighboring ASEAN countries

Philippine GDP grows faster than expected by 6.9% in Q3 2017

Nov 16, 2017 - 10:16 AM

(3rd UPDATE) The Philippines posts a 'spectacular' 6.9% economic growth in the 3rd quarter despite slower consumption

Remittances drop by 8.3% in September amid Saudi repatriation

Nov 15, 2017 - 9:30 PM

Despite this, total cash remittances for January to September 2017 are still up 3.8% to $20.78 billion

Philippine GDP growth in Q2 2017 raised to 6.7%

Nov 15, 2017 - 8:55 PM

The top 3 contributors to the upward revision are financial intermediation; construction; and real estate, renting, and business activities

[OPINION] How rich are Filipinos compared to our ASEAN neighbors?

Nov 13, 2017 - 12:01 PM

Compared to our ASEAN neighbors, the Philippines has treaded on a deviant growth path. Now, our poorer neighbors are growing faster than us. As we lead this year’s special ASEAN Summit, we might ask ourselves: How can we bolster our shaky standing in the region?

Duterte to pour 'billions of pesos' into funding for MSMEs

Nov 12, 2017 - 9:00 PM

'Maybe P50 billion each is okay?' the Philippine president asks before an audience of diplomats and businessmen from all over Southeast Asia

Which ASEAN economy has the most developed infrastructure?

Nov 12, 2017 - 7:49 AM

Ahead of the ASEAN Summit in Manila, Rappler looks at how economies in the region compare in terms of infrastructure development

Graphics by Raffy de Guzman/Rappler

New list of investment areas off-limits to foreigners now on Duterte's desk

Nov 07, 2017 - 8:30 PM

This list – shortened compared to the previous one – is seen to boost foreign direct investments flowing into the Philippines

OPENING UP. The new list is now on President Rodrigo Duterte's desk. Business groups have pointed out that lifting some restrictions on foreign ownership would drive up foreign investment in the country. Presidential photo by Karl Alonzo

Higher fuel, food prices push PH inflation in October to 3-year high

Nov 07, 2017 - 3:26 PM

The Philippine inflation rate of 3.5% in October 2017 is the highest since November 2014, when it registered 3.7%

A costumer buys vegetables at a market in Manila on January 4, 2013. The Philippines' inflation rate fell to a five-year low last year, the government said Friday, helping efforts to hold down interest rates and boost economic growth. Consumer prices expanded by 3.2 percent for the entire 2012, substantially lower than the 4.6 percent recorded in 2011, the National Statistics Office said. AFP PHOTO / JAY DIRECTO / AFP PHOTO / JAY DIRECTO

Peso weakens, Mahmud Ahmad dead, DBM usec fired | Midday wRap

Oct 20, 2017 - 12:59 PM

Watch the midday newscast with Margie de Leon

Philippine peso weakens to new 11-year low

Oct 19, 2017 - 7:10 PM

The Philippine peso closes at P51.530 to $1 on Thursday, October 19, its weakest since August 24, 2006

PH remittances for August rise fastest in 5 months

Oct 16, 2017 - 2:50 PM

Cash remittances – money sent through banks and transfer agents – grow by 7.8% to $2.5 billion in August 2017

[OPINION] The real score on foreign investments in the time of Duterte

Oct 14, 2017 - 5:00 PM

The latest FDI figures – alongside signs of weaker business confidence, lower growth forecasts, and declining competitiveness – seem to presage a brewing storm in the Philippine business climate

BSP still expects 2017 FDIs to be near 2016 level

Oct 12, 2017 - 7:45 PM

The Bangko Sentral ng Pilipinas sees this year's foreign direct investments hitting close to the $8 billion posted last year, noting that push and pull investment factors remain

Philippine stocks close above 8,400 in new milestone

Oct 12, 2017 - 7:05 PM

This is the Philippine Stock Exchange index's 4th milestone in just 31 trading days

Want to be on Duterte’s good side? Be pro-poor, aide tells businessmen

Oct 11, 2017 - 6:18 PM

'If big business will not help the poor, definitely the President will be against that establishment,' Presidential Adviser on Entrepreneurship Joey Concepcion tells business executives

ANTI SELF-SERVING FIRMS. A year into power, the Philippine president's tirades against select big business have caused tremors. Rappler file photo

#ThewRap: Things you need to know, October 11, 2017

Oct 11, 2017 - 12:46 PM

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

Comelec chairman Andres Buatista is emotional as employees of the agency show their support during the weekly flag raising ceremony at the Comelec main office in Manila on August 14, 2017. Photo by Ben Nabong/Rappler

PH exports, imports up in August

Oct 10, 2017 - 10:15 PM

China is the Philippines' top trading partner for the 1st semester of 2017, accounting for 15% of the total trade

MAIN COMMODITY. Electronic products remain as the top imported commodities, accounting for 25% of the total import bill. Photo by Romeo Gacad/AFP

Foreign direct investments in PH drop to one-year low in July

Oct 10, 2017 - 6:40 PM

(UPDATED) Despite the drop, the economic team of President Rodrigo Duterte says foreign investors remain confident to do business in the Philippines

Achieving peace in Mindanao key to PH economic growth – World Bank

Oct 05, 2017 - 8:30 PM

The World Bank says long-standing armed conflict in Mindanao makes it challenging to unlock the growth potential of the region, which is a major source of agricultural products

UNLOCKING MINDANAO. World Bank says increasing productivity in Mindanao could reduce prices for food and other goods across the country and improve the competitiveness of the agriculture sector. Rappler graphics by Raffy De Guzman

Rising food prices push PH inflation higher in September

Oct 05, 2017 - 1:45 PM

(UPDATED) Faster price increases are recorded for corn, fish, and vegetables, among others, based on data from the Philippine Statistics Authority

World Bank cuts Philippine GDP forecast again

Oct 04, 2017 - 9:05 PM

The World Bank's new projections are 6.6% for 2017 and 6.7% for 2018, down from the previous forecasts of 6.8% and 6.9%, respectively

Philippine stocks close above 8,300, track Wall Street gains

Oct 03, 2017 - 8:45 PM

'Investors continue to remain bullish about the prospects of the Philippine economy,' says Philippine Stock Exchange president and chief executive officer Ramon Monzon

FOLLOW SUIT. The Philippine Stock Exchange index (PSEi) on Tuesday, October 3 closes at an all-time high of 8,312.93, up by 56.65 points from Monday’s close. Image from PSE

Infrastructure remains weak link in Philippines' competitiveness

Sep 28, 2017 - 9:25 PM

The World Economic Forum's Global Competitiveness Index for 2017-2018 underscores that slow infrastructure development is hampering the Philippines' economy

Philippines' BPO industry sees slower annual growth of 9% until 2022

Sep 27, 2017 - 5:10 PM

Security risks in the Philippines, particularly the ongoing Marawi crisis, are causing headwinds in the business process outsourcing industry

SLOW BUT SUBSTANTIAL. The IT-BPO sector, a large and fast-growing industry in the country, expects slower growth in the next 6 years. Rappler graphics

PH inches up in 2017 WEF Global Competitiveness Index

Sep 27, 2017 - 7:00 AM

However, it falls behind more neighbors, given inadequate public infrastructure and inefficient government bureaucracy

ADB retains PH growth outlook, sees no signs of economy overheating

Sep 26, 2017 - 8:15 PM

The Asian Development Bank retains its forecast of 6.5% GDP growth for 2017 and 6.7% for 2018, while noting that infrastructure investment and receding inflation will fuel the economy

BSP leaves Philippine interest rates unchanged again

Sep 21, 2017 - 9:46 PM

The Bangko Sentral ng Pilipinas believes the prevailing monetary policy settings remain appropriate

STAY VIGILANT. 'While prospects for global economic growth have stayed broadly upbeat, geopolitical tensions and lingering uncertainty over macroeconomic policies in advanced economies continue to pose downside risks to external demand,' BSP Governor Nestor Espenilla Jr says. Photo by Inoue Jaena/Rappler

New milestone as Philippine stocks breach 8,300 mark

Sep 21, 2017 - 6:50 PM

Ignoring the political noise in the country, investors mainly react to the US Federal Reserve's expected rate decision later in the year

ON A ROLL. At the close of Thursday’s trading, the PSEi is at 8,286.86 points, up by 67.54 or 0.8% from Wednesday’s close. All sectoral indices also ended higher with the Holding Firms and Industrial counters up the most, gaining 1.3% and 1%, respectively. Photo from PSE

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