Financial markets in the Philippines and the broader Asia-Pacific region stand to benefit from downward interest rates in the United States, although risks from a "benign" US economy may temper gains, according to a World Bank economist. "So far, the decline in interest rates in advanced...
The World Bank expects the Philippine economy to grow by an average of six percent in the next three years — one of the fastest rates in the region, despite challenges to jobs arising from new technologies like robots and artificial intelligence (AI). In its East Asia and the Pacific...
Singapore-based United Overseas Bank (UOB) expects the Philippine economy to grow as targeted this and next year while inflation risks and interest rates ease. In its quarterly global outlook report for the fourth quarter of 2024, UOB forecasted the Philippines' gross domestic product (GDP) to...
Think tank Capital Economics has warned that the stalling Philippine economic growth would persist this year, even as easing inflation and expectations of more interest rate cuts by the central bank will improve prospects next year. While the country’s gross domestic product (GDP) grew 6.3...
German financial services giant Deutsche Bank said that investment growth in the Philippines will likely remain constrained in the near term despite the upcoming easing of the central bank’s restrictive policies. In its Asia Macro Insights report published on Monday, Aug. 26, Deutsche Bank...
Current political issues in the Philippines are not affecting the performance of the country's economy, an official of the Department of Finance (DOF) assured the public. Finance Undersecretary Domini Velasquez said investor confidence has not waned despite the growing noise in the political arena....
The Philippine Statistics Authority (PSA) announced on Thursday, Aug. 8, that the country's economy increased by 6.3 percent in the second quarter of the year. The nation's gross domestic product (GDP) recorded strong growth, outpacing the 5.8 percent expansion seen in the first quarter of 2024 and...
Chief Presidential Legal Counsel Juan Ponce Enrile (PCO) Chief Presidential Legal Counsel and former Senate President Juan Ponce Enrile called on members of a House of Representatives joint panel to help spread the reach of economic development in...
The Philippines is facing a challenge in enabling its children to reach their full potential productivity by the age of 18, which places the country's human capital development behind that of its regional counterparts. According to the World Bank's "The Philippines Human Capital Review," the...
Senator Cynthia Villar highlighted the importance of women embracing technological advancements to pave the way for the continued progress of the Philippine economy. Sen. Cynthia A. Villar emphasizes women's role in the digital age at the 18th Annual General Assembly of the Philippine Federation of...
The Philippine Statistics Authority reported on Thursday, May 09, that the local economy, as measured by its gross domestic product (GDP), slowed to 5.7 percent in the first quarter of the year. This growth fell short of the government’s target band of 6.0 percent to 7.0 percent this year and was...
Foreign investors should consider doing business in the Philippines as the government has been taking a proactive approach to improving the economy despite external risks, the National Economic and Development Authority (NEDA) said. During the Philippine Investors Dialogue in Washington D.C., NEDA...
