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CEBU CITY, Philippines–The region’s economy will continue to post growth this year, according to Efren Carreon, Central Visayas director of the National Economic Development Authority (Neda). Carreon cited the sectors of tourism and business process outsourcing (BPOs)…
MANDAUE CITY—A close relationship between the Philippines and China would benefit the country’s economy, Speaker Gloria Macapagal Arroyo said. Arroyo was in Cebu Friday for several events including the blessing and inauguration of the All Prime International…
CEBU CITY—The Philippine economy is expected to improve this year, according to Emilio “Jun” Neri, lead economist of the Bank of the Philippine Islands (BPI). “With the inflation rate in a downtrend, the economy has the…
YEAREND REPORT First of two parts The year 2018 has brought a lot of “economic shocks” not just for the local business community in Cebu but for the entire country. Right at the start of the year,…
Some sectors are concerned that the economy is overheating. JC Punongbayan in his September 28, 2018 Rappler article cited the International Monetary Fund, the World Bank, the ASEAN+3 Macroeconomic Research Office, and Fitch as among those which…
When the economy is overheating or operating above the country’s normal capacity to produce, inflation will follow. So the interest rate is going up now. What is interest rate? Very simply, it is the price we pay…
The Philippine economy spent substantially more than what it earned through foreign trade in the first half of 2018, with the resulting currency outflows further depressing the value of the peso against the US dollar. In a…
Senator Panfilo Lacson on Saturday urged President Rodrigo Duterte to leave his administration’s drive against illegal drugs to the Philippine National Police (PNP) and focus instead on the economy amid soaring inflation rate and other fiscal issues…
Mandaue City Mayor Gabriel Luis Quisumbing highlighted his administration’s major infrastructure projects, the improving peace and order situation in the city and its robust economy during his second State of the City Address on Wednesday. The mayor…
INTERNATIONAL credit watcher Fitch Ratings on Wednesday affirmed the Philippines’ creditworthiness at two notches above the minimum investment grade, saying the country continues to enjoy a favorable economic outlook and low government debt levels. At the same…
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