Train brought down 2nd quarter GDP growth

Fernando Fajardo 08/09/2018

The Philippine economy grew by 6.0 percent in the second quarter of 2018. This is down from the 6.6 percent growth rate recorded in the same period last year and the much higher 6.9 percent growth rate…

The Cebu-led Central Visayas economic performance

Fernando Fajardo 08/02/2018

With almost 70 percent of the Central Visayas Gross Domestic Product (GDP) coming from Cebu, it is safe to say that the region’s economic growth is Cebu-led. Last year, the Central Visayas GDP increased in real terms…

The galleon trade killed Cebu as an entrepot

Fernando Fajardo 07/26/2018

Cebu is strategically located at the center of the Visayas Islands, which as a group is also the center of the Philippines. Thus, even before the coming of the Spaniards, Cebu had been known already to have…

Central Visayas GDP is 69 percent from Cebu

Fernando Fajardo 07/19/2018

There were errors in my article last week. This is the corrected version of the article which I overhauled as a whole in view of its importance in helping us gauge the real size of the economy…

Cebu GDP and economic structure

Fernando Fajardo 07/12/2018

The gross domestic product or GDP measures the total value of all the final output of goods and services produced in the country at current prices or at constant base year prices. Final product means that intermediate…

Inflation worsens the poor’s well-being

Fernando Fajardo 07/05/2018

If your income now is still the same as last year, the 5.2 percent inflation rate in June announced yesterday by the government means that you are now 5.2 percent poorer if you belong to the fifth…

Tambay is caused by poor governance

Fernando Fajardo 06/28/2018

The presence of tambays is a sign of poor governance that plagued our nation ever since greedy politicians took over the reins of government after our independence. They are there for the “fund” of it or because…

The impact of higher interest rate on prices, output and employment

Fernando Fajardo 06/21/2018

In response to rising inflation rate, the Bangko Sentral ng Pilipinas (BSP) raised its overnight reverse repurchase rate from 3.25 percent to 3.50 percent during its meeting last Wednesday. A similar increase was done only 6 weeks…

New Central Visayas minimum wage rate unfair to labor

Fernando Fajardo 06/14/2018

The regional tripartite productivity and wage board (RTPWB) just announced an increase in the minimum wage rate of P20.00 pesos per day for Class A areas and P15.00 for Class B, C, and D areas. Class A…

Is P10,000 monthly income enough for a family of five?

Fernando Fajardo 06/07/2018

In 2015, the government set the poverty threshold at P9,064 monthly for a family of five. Poverty threshold is the level of income that a family must receive to set it apart from those considered officially by…

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