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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…
Government spending more than before, however, may also lead to much larger government deficits and to higher inflation rate. As reported yesterday by the Philippine Statistics Authority (PSA), the country’s Gross Domestic Product (GDP) grew by 6.1…
An excise tax not only raises the price of the product directly and make the poor to suffer more; it also lowers output and create more joblessness among the poor. The government is lowering its real GDP…
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…
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…
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…
THE country’s chief economist has anticipated a full-year gross domestic product (GDP) growth hitting the middle of the government’s 6.5–7.5 percent target. “If we hit close to the midrange we’ll be happy with that, higher or lower…
FIRST QUARTER Amid recovery in the agriculture sector, robust trade and manufacturing growth as well as sustained strong domestic demand, the Philippine economy expanded 6.4 percent year-on-year in the first quarter, the government reported Thursday. The figure,…
Slow Q4 growth of 6.6% posted last year, but 2016’s 6.8% GDP growth fastest in 3 years Business leaders in Cebu welcome the country’s strong economic performance in the last quarter of the 2016, with economy growing…
BUSINESS leaders in Cebu anticipated a good performance from the Philippine economy in the last quarter of 2016, ahead of the release of fourth-quarter domestic economic data this week. Mandaue Chamber of Commerce and Industry (MCCI) president…
Increased spending on infrastructure, which is the thrust of the Duterte administration especially on improved transport facilities, is expected to grow the Philippine logistics industry by at least 300 percent in the next four years. Jonathan Cabaltera,…
Business leaders in Cebu lauded the present administration for the 7.1-percent growth of the Philippine economy during the first three months of President Rodrigo Duterte in office. However, some said this could also be owed to the…
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