The Philippines would not suffer a sharp economic slowdown next year due to strong domestic consumption, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the December issue of the Market Call, FMIC and UA&P said the ongoing...
The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...
With the Association of Southeast Asian Nations (ASEAN) amid a post-pandemic economic recovery and growing digital economy, President Ferdinand “Bongbong” Marcos Jr. on Tuesday, Dec. 13, highlighted the importance of inter-regional cooperation with the European Union (EU). President Ferdinand...
Editorial New technologies have emerged since the Covid-19 pandemic struck in 2020, some of which were already with us in the days before the public health emergency but were given the big push by reason of necessity. We can cite the system of online economy as among these innovations, where more...
Economic indicators point to strong Q4 growth—Diokno By Chino S. Leyco The Department of Finance (DOF) expects strong fourth-quarter growth amid improving jobs market, rising factory output, strengthening peso, and falling global oil prices. Finance Secretary Benjamin E. Diokno said on Thursday,...
PH can sustain growth momentum—NEDA By Chino S. Leyco The National Economic and Development Authority (NEDA) is confident that the country’s growth momentum will be sustained driven by robust domestic consumption following the prolonged pandemic. In a statement on Tuesday, Dec. 6, Socioeconomic...
The World Bank raised its gross domestic product (GDP) outlook for the Philippines to 7.2 percent this year from an earlier projection of 6.5 percent in September. The Washington-based multilateral institution said Tuesday, Dec. 6, that the upward revision was driven by “robust domestic...
President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
The economic team of President Marcos will keep the government’s growth target this year despite the higher than expected pace of expansion recorded in the third quarter. Finance Secretary Benjamin E. Diokno said the inter-agency Development Budget Coordination Committee (DBCC) will keep its...
The best is yet to come in terms of the country's economic recovery under the Marcos administration. House Speaker Martin Romualdez (Speaker's office) House Speaker Martin Romualdez confidently made this declaration Tuesday morning, Nov. 29 at Business World's Economic Forum held at the Grand Hyatt...
The Department of Finance (DOF) said that meeting the government’s economic growth target this year has become more certain, given the sustained recovery of domestic demand and improved labor market conditions. Finance Secretary Benjamin E. Diokno said the government would meet the 6.5 percent to...
After financial analytics firm S&P Global maintained the Philippines’ long-term foreign currency-rating at BBB+, House Ways and Means Chairman and Albay 2nd district Rep. Joey Salceda credited the Marcos administration for successful economic recovery. Albay 2nd district Rep. Joey Salceda On...
