Dollars flood into PH economy on gov’t’s foreign loans, drop in import spending

Daxim L. Lucas - Reporter / @daxinq 10/27/2020

MANILA – Philippines – The dollar flow surplus of the Philippine economy — which has been building up every month since the start of the pandemic — surged significantly in September, as the inflow of foreign exchange…

They are playing with our lives

Solita Collas-Monsod - @inquirerdotnet 08/22/2020

I cannot believe it. In the face of an unprecedented and disastrous contraction of the Philippine economy of 16.5 percent in the second quarter of 2020, the Bayanihan 2 budget is allocating only P140 billion—with another P25…

Officially a recession: PH GDP shrank 16.5% in Q2

Ben O. de Vera 08/06/2020

MANILA, Philippines–The Philippine economy contracted by a record 16.5 percent during the second quarter — at the height of the longest and most stringent COVID-19 lockdown in the region that had put a halt to 75 percent…

Study: 8M Filipinos to lose jobs as virus overwhelms economy

Ben O. de Vera - Philippine Daily Inquirer 07/13/2020

About eight million Filipinos would go jobless as the pandemic rages and while the Philippine economy reels from the most stringent lockdown in the region, slow disease containment and an influx of returning migrant workers, according to…

Ban lifted on loans from 18 countries

Leila B. Salaverria - Inquirer.net 03/05/2020

MANILA, Philippines — Malacañang is now open to getting loans and grants from countries that had backed Iceland’s resolution in the Human Rights Council seeking an investigation into the rights situation in the Philippines. A Feb. 27…

Dutertenomics: The last 3 and a half years and beyond

Fernando Fajardo 02/19/2020

President Rodrigo Duterte now has logged three and one half years in his office, plus another month and 19 days to be exact. What has happened to the economy during his watch, that is, from July 1,…

PH among economies most vulnerable to virus

Ben O. de Vera - Philippine Daily Inquirer 02/10/2020

  MANILA, Philippines — The country’s economic managers are preparing a raft of measures to counteract the economic impact of the novel coronavirus (nCoV) outbreak after the Philippines was identified as being among the three most vulnerable…

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…

Business pins hope on Duterte’s 10-point econ agenda to raise PH’s WEF ranking

Victor Anthony V. Silva 09/28/2016

President Rodrigo Duterte’s 10-point socioeconomic agenda will help the Philippines rebound from its performance in the latest Global Competitiveness Report 2016-2017 released by the World Economic Forum (WEF), business leaders in Cebu said. Melanie Ng, Cebu Chamber…

How country turned from Asia’s sick man to region’s rising tiger

Victor Anthony V. Silva 08/28/2016

(FIRST OF TWO PARTS) DESPITE the headwinds brought about by uncertainty and volatility of the global economy, the country would remain in a position of strength due to solid bases for resilience and confidence in economic prospects.…

Imperatives for the Philippine economy in the next six years

Fernando Fajardo 08/11/2016

On the economy, the President said in his first State of the Nation Address (Sona) to hand over an economy that is much stronger, characterized by solid growth, low and stable inflation . . . and robust…

Central Visayas still growing faster than rest of Philippines

Vanessa Claire Lucero 07/31/2015

APEC meetings, IT-BPM sector seen to further drive growth this year The Central Visayas  economy continued to outpace the Philippines last year as it expanded 8.8 percent, government statisticians reported. The Philippine economy slowed down last year,…

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