The Philippine Chamber of Commerce and Industry (PCCI) said the country’s impressive economic performance in 2022 will be a good foundation for continued growth this year. “The entire year looks promising, the 2022 GDP rate is giving the economy a strong rebound,” said PCCI President George...
An economist-congressman believes that "the best is yet to come" in terms of the economy after the Philippines exceeded expectations with its full year gross domestic product (GDP) growth rate. Albay 2nd district Rep. Joey Salceda (Facebook) “The 2022 full year GDP growth rate of 7.6 percent,...
Filipinos have not let high inflation rate stop them from spending in 2022, as the Philippine Statistics Authority (PSA) reports that the country’s economic growth performed better than expected last year to a record growth in more than four decades due to revenge spending. The economy, as...
The country’s economic growth in the third quarter last year was maintained at 7.6 percent, the Philippine Statistics Authority (PSA) reported. The PSA made the announcement a day before the scheduled release of the fourth-quarter and full-year 2022 gross domestic product (GDP) performance on...
ZURICH, Switzerland — The Philippine government expects a strong full-year gross domestic product (GDP) growth for 2022, most likely much faster than its growth target of 6.5 to 7.5 percent, Department of Finance (DOF) Secretary Benjamin Diokno said here on Jan. 16 (Switzerland time)....
The Philippine Chamber of Commerce and Industry (PCCI) said that a seven percent GDP growth in the domestic economy this year is attainable following encouraging oil price situation and China’s positive outlook in 2023. “Given the stability in oil price and China's positive outlook of five...
The Federation of Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII) expressed optimism that local economic growth in 2023 could hit between 6.5 to 7.5 percent despite gloomy forecasts by analysts about world economic recession next year. At the same time, FFCCCII members expect...
Finance Secretary Benjamin E. Diokno expects the Philippine economy would grow faster than expected this year due to surging manufacturing and construction sectors, as well as strong domestic demand. In a commentary released on Wednesday, Dec. 28, Diokno said the country’s economy, as measured by...
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...
BUSINESS TALK By WILLIAM S. CO, chairman, Philippine Chamber of Commerce and Industry Recently, I was invited as a panelist to a forum on boosting the Philippine agriculture sector and ensuring food security. As someone who is in agribusiness and previously worked as a Philippine agriculture...
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,...
