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Impact of 2019 coronavirus outbreak on tourism and the economy (Part 1)

Fernando Fajardo 02/05/2020

  Up to last year or before the advent of the coronavirus, travel and tourism was seen as one of the most important and fastest growing economic activity in the world. It may not be anymore this…

Pernia sees at least 6.6% Q4 GDP growth

Ben O. de Vera - Philippine Daily Inquirer 01/03/2020

The country’s chief economist on Thursday said the economy likely grew at a faster pace in the fourth quarter of last year and that the downscaled growth target of 6-6.5 percent for 2019 was achieved. Socioeconomic Planning…

PH economy expected to continue growing

Irene R. Sino Cruz 09/19/2019

CEBU CITY—The outlook for the Philippine economy remains optimistic, said Joselito Bautista, acting Deputy director of the Department of Economic Research of the Bangko Sentral ng Pilipinas (BSP). “The Philippines economy is expected to remain one of…

Minimal impact seen from US-China trade row

07/02/2019

The Department of Finance said that the US-China trade war had not made it “easy” for the Philippines, but expressed confidence that the country could withstand the impact. said during the question-and-answer portion of the Pre-State of…

Russia, China to show united front at economic forum

06/07/2019

MOSCOW — Chinese President Xi Jinping appeared Friday as guest of honor at Russia’s showcase economic forum, as the two neighbors present a united front in the face of shared troubles with the United States. Xi arrived…

Neda-7: CV economy to continue growing this year

Irene R. Sino Cruz 03/23/2019

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)…

Close trade ties with China to benefit RP’s economy, says GMA

Irene R. Sino Cruz 03/01/2019

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…

BPI forecasts improved economy this year 

Irene R. Sino Cruz 02/20/2019

  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…

Train, rising inflation shake businesses, economy in 2018

Jose Santino S. Bunachita 12/27/2018

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,…

Is the Philippine economy overheating?

Fernando Fajardo 12/13/2018

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…

Interest rate, the economy, and you and me

Fernando Fajardo 09/27/2018

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…

PH economy spent more dollars than it earned in 6 months

Inquirer.net 09/14/2018

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…

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