The ASEAN+3 Macroeconomic Research Office (AMRO) has raised this year’s economic growth outlook for the Philippines to 6.5 percent from 6.2 percent on the back of robust government expenditures and recovering private sector spending. During a virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
Despite external risks, the Philippines’ recovery is expected to gain traction this year as pandemic restrictions eased, allowing for more economic activities, the Asian Development Bank (ADB) said. In the Asian Development Outlook 2022 report released on Wednesday, April 6, the Manila-based...
The World Bank has slightly downgraded the Philippines' gross domestic product (GDP) outlook for 2022 from 5.8 percent to 5.7 percent, falling further below the Duterte administration's target of seven to nine percent due to external risks. In its East Asia and Pacific Economic Update released...
Heightened domestic demand is expected to cushion the impact of the Russia-Ukraine conflict on the economy in the first semester of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. FMIC and UA&P said that while Russian...
Presidential candidate Senator Panfilo ‘Ping’ M. Lacson has added the ‘One Town, One Product’ (OTOP) policy of the incumbent leadership to the growing list of programs that he plans to continue under his possible administration once he is elected as the 17th president. The OTOP is a...
The National Economic and Development Authority (NEDA) is confident that strong domestic demand would withstand the adverse affects of the Russia-Ukraine conflict that threatens the country’s return to pre-pandemic levels within the first-quarter. At a virtual briefing on Tuesday, March 15,...
Philippine economic recovery is “firmly on track” and is expected to speed up following further relaxation of mobility restrictions and continued policy support, the ASEAN+3 Macroeconomic Research Office (AMRO) said. The regional macroeconomic surveillance organization said on Friday, March 11,...
London-based international competition awards Filipino designer’s Kai’a Hanging Lamp ‘As an artist boxed within the four walls, I had to divert and pour my energy into creating something positive.’ Designed to give light and hope amid one of the world’s longest lockdowns, the Kai’a...
PROMDI presidential candidate Senator Manny Pacquiao has vowed to further develop the balut and salted egg industries in Pateros so that they may become world-class export products of the Philippines. Senator Manny Pacquiao and wife, Jinky, receives 'balut' and red egg from Mayor Ike Ponce during...
Debt-watcher Fitch Ratings expects the ratio between the country’s economic output and the government’s budget deficit would remain above its pre-pandemic levels next year. Fitch Ratings said the government’s fiscal deficit-to-gross domestic product (GDP) ratio, a closely watched indicator of...
The Philippine economy is seen to expand to over 7 percent in the next few years as forecast by global credit rating firms, Malacañang announced on Friday, Feb. 18. (Jansen Romero / MANILA BULLETIN) Citing the recent report from S&P Global Ratings, Cabinet secretary and acting presidential...
The Philippines needs to maintain the momentum seen in the second semester of last year to sustain its economic recovery, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil S. Beltran said the robust growth in the final two quarters of 2021 should be sustained even...
