Developing economies, including the Philippines, are projected to have the weakest average growth in the first 25 years (2001–2025) of the century, and these countries will continue to grapple with growth setbacks in the next quarter, the World Bank said. According to the multilateral lender’s...
Cloudy skies with isolated rains are expected in parts of Luzon on Saturday, Jan. 18, due to the shear line and the northeast monsoon, or “amihan,” according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). (KEITH BACONGCO / MANILA BULLETIN /...
London-based HSBC projects that the Philippines and other Southeast Asian countries will deliver robust economic growth this year, with the peso remaining resilient despite a stronger US dollar. On Tuesday, Jan. 14, James Cheo, HSBC chief investment officer for Southeast Asia and India, projected...
Philippine economic growth in 2024 likely fell below the government's downscaled target as a string of strong typhoons prevented faster expansion, according to Moody's Analytics. In a Jan. 10 report, Moody's Analytics forecasted the Philippines' gross domestic product (GDP) to have grown by 5.7...
Overcast skies with scattered rain showers and isolated thunderstorms are expected in parts of Luzon and Visayas on Saturday, Jan. 11, due to weather systems being monitored by the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). (KEITH BACONGCO / MANILA...
While the East Asia and Pacific region has driven the reduction of the Global Prosperity Gap (GPG), the Philippines remains classified as a country with high inequality, World Bank data revealed. According to a World Bank blog published on Jan. 8, the region has greatly contributed in closing...
Think tank Oxford Economics sees the Philippines and other emerging markets (EMs) continuing to dominate the global growth rate rankings in the next two years. According to Oxford Economics, the Philippine economy will expand by 13 percent by 2026, which would allow the country to secure the 11th...
While other developing countries in Southeast Asia could suffer severely from looming US tariff rate hikes, HSBC sees the Philippines as well-positioned to weather these risks. During a media briefing on Jan. 8, Aris Dacanay, ASEAN economist at HSBC Philippines, said that unlike its neighboring...
The Philippine economy stands out as a global outperformer, bolstered by robust domestic consumption and a favorable demographic profile, BDO Unibank said in a briefing for Japanese business leaders. The bank noted that “despite facing global headwinds, the nation continues to demonstrate...
Metro Manila and the rest of the country will experience cloudy weather with rain on Saturday, Jan. 4, according to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA). (KEITH BACONGCO / MANILA BULLETIN) In its weather forecast, PAGASA said that localized...
Parts of Northern and Central Luzon will experience cloudy skies, along with rain and thunderstorms, on Friday, Jan. 3, due to two weather systems currently being monitored by the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA). MB Visual Content Group In its...
Rainy weather will prevail across most parts of the country on Thursday, Jan. 2, due to three weather systems, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). (KEITH BACONGCO / MANILA BULLETIN) In its weather forecast, PAGASA stated that the...
