Business leaders say ‘Brexit’ won’t affect PH, Cebu traders

The British vote to leave the European Union (EU), also called as the “Brexit,” will only affect the Philippines, including Cebu, if this British action will affect the US economy. This was the general sentiment of Cebu…

PH economy will sustain growth under Duterte, says economist

A change in administration will have little to no effect on the growth of the Philippine economy due to huge revenue contributions from overseas Filipino workers (OFWs) and the information communications technology-business process management (ICT-BPM) sector, an…

Gulf economic slowdown sees foreign workers trapped by debts

Doha, Qatar — The economic slowdown gripping countries across the Persian Gulf can be seen in layoffs, slowed construction projects and government cutbacks. For the millions of foreign workers drawn by brighter job prospects, it can have…

Gov’t revises growth estimate

The Philippine Statistics Authority yesterday revised the gross domestic product (GDP) growth figure for the last quarter of 2015 to 6.5 percent from the previously reported 6.3 percent. “This was due to upward revisions in Electricity, Gas…

Government starts work on next SDGs, dev’t plan

The National Economic and Development Authority (Neda) has started conducting multi-stakeholder workshops to prepare for the next series of consultations on the national Sustainable Development Goals (SDGs) and the next Philippine Development Plan (PDP). Together with the…

The more things change, the more they stay the same

The more things change, the more they stay the same, said Jean-Baptiste Alphonse Karr in French. This is perhaps really true in life. Seemingly, nothing really changes. I was a child, now I am a man. I…

Duterte’s take on cooperatives

If there’s any sector that looks forward to the election of a new president, it is the cooperative movement in the country.  This is because under the Aquino administration, the sector has not only been largely ignored…

I’M hoping that the third and final presidential debate will tackle more substantive issues like the Spratlys dispute between the Philippines and China, the economy and peace and order in Mindanao. I think the debate should focus…

The case for regional and local development restated

It is true that despite the recent improved performance of the economy under the present administration of Benigno Aquino III, the Philippines still remained mired in poverty. This can be largely explained by the failure of our…

Gov’t highlights good points to attract more investments

If not for external shocks, GDP growth last year would have been 8% To attract more investors to the Philippines, a Bangko Sentral official said government needs to highlight the positive factors that distinguish the country from…

The 2015 Philippine economic performance

Last year’s economic growth was slower at 5.8 percent, compared to the 6.1 percent growth we achieved in 2014. Indeed, the 2015 performance was quite a disappointment because in the five years beginning 2010, whence the present…

The Cebu and Central Visayas economy under P-Noy

With 5,000 sq. km. in land area, Cebu is 4.8 times bigger than Hong Kong and 7.4 times bigger than Singapore. Like the two city states, Cebu is also strategically located. It has a good seaport and…