Latest News on the Philippine Economy

  • Foreign manufacturers keen on moving to PHL
    "Right now, we are running out of suppliers because in the past five years, they closed shops one by one. If they will come back, our own business will also flourish together with the Philippine economy," he added. (PHILEXPORT/PIA10)
  • High FDI level sustainable – BSP
    The Philippine economy grew 7.2 percent last year, while inflation settled at three percent, which was at the low-end of the BSP’s target range. “We have a lot to offer. We have improved our efficiency gains, productivity gains, and we even have a good ...
  • Smuggling Sparks Questions about Philippine Current Account
    Mr. Aquino’s speech, the Global Financial Integrity study and even a mention in the International Monetary Fund’s latest report on the Philippine economy all have brought the smuggling issue to investors’ attention (though the IMF noted that ...
  • Philippine Record-Low Rates Aren’t ‘Sacred,’ Guinigundo Says
    The benchmark stock index slipped 0.2 percent. The Philippine economy can absorb or accommodate higher interest rates and macroprudential measures that the central bank may implement if and when it believes necessary, Guinigundo said at a conference in ...
  • BSP leading indicators point to sustained growth
    MANILA, Philippines—The Philippine economy is expected to sustain its growth this year amid the acceleration of government spending, supported by the strong numbers in several leading economic indicators. Bangko Sentral ng Pilipinas (BSP) Governor Amando M.
  • 'Philippine economy must grow by 9 pct to cut poverty'
    MANILA, Philippines - The Philippine economy must grow by 9 percent every year to reduce poverty, foreign businessmen said. Top officials of the American Chamber of Commerce of the Philippines, Inc. and Australian - New Zealand Chamber of Commerce ...
  • 'Remarkable' growth for Philippine economy despite disasters
    Manila: The Philippine economy was one of the fastest-growing in Asia last year after shrugging off devastating natural disasters and expanding at a "remarkable" pace in the final quarter, the government said on Thursday. The economy grew by 6.5 percent in ...
  • Philippine Economy Grew By 6.5% In Q4 And By 7.2% In 2013 Despite Being Hit By Super-Typhoon Haiyan, Helped Along By Public And Private Spending
    The Philippine economy posted a strong rate of growth in the final quarter of 2013, which also saw the nation being hit by an earthquake and super-typhoon Haiyan, its deadliest ever, which claimed thousands of lives and left behind hundreds of millions of ...
  • Philippine economy grew near 7 pct -- NEDA chief
    MANILA - Despite the devastation caused by Typhoon Yolanda, the Philippine economy may have grown near the upper end of the government target, the country's chief economist said today. "I'm inclined to believe that [economic growth was] quite close to the ...
  • Philippine economy can't do without OFW remittances - Neda
    MANILA, Philippines - The Philippine economy can only become less dependent on Overseas Fillipino Workers (OFWs) remittances but not completely independent from it. In a statement on Monday, September 10, the National Economic and Development Authority ...