Rappler's latest stories on Philippine economy
It will seem our laws and regulations can be easily weaponized against certain business interests, at the President’s whim
The last quarter of 2019 saw the lowest unemployment and underemployment rates in 14 years. But the pandemic brought unemployment to unprecedented levels.
(UPDATED) As the economy reopens with limited transportation options and physical distancing rules in place, tricycle fares soar in June
ARISE Inc would save distressed businesses by infusing them with equity and exempting them from procurement and competition laws. But this may lead to abuses, warns the Philippine Competition Commission.
'Alas, with the Rappler cases and ABS-CBN shutdown, made emphatic with the passage of a draconian anti-terror law amid still rising COVID-19 cases, the Duterte administration’s bait for investors is laced with poison'
The Philippines misses its full-year growth rate target for 2019 despite performing well in the 2nd half. Then the coronavirus causes a deep plunge.
After the Philippine Stock Exchange index slumped to an 8-year low due to the COVID-19 pandemic, will the Duterte administration see the local equity market go back to its pre-coronavirus levels?
The COVID-19 outbreak upends both supply and demand, but various factors keep inflation rates low
Bangko Sentral ng Pilipinas Governor Benjamin Diokno says the country's gross domestic product is seen to contract by 5.7% to 6.7% in the second quarter due to the adverse impact of the coronavirus pandemic
'We should…recognize that in the face of COVID-19, these freelancers, just like many other Filipino workers, will be facing potentially significant headwinds'
'Can Duterte and his minions spend the money effectively? Several red flags suggest they cannot.'
The Japan Credit Rating Agency upgrades the Philippines' credit rating to A- with stable outlook
'Bringing back some jobs will also hinge on the government’s ability — nay, willingness — to implement mass or widespread testing'
The World Bank says steps to recovery include strengthening the healthcare system, improving the ease of doing business, and developing better internet in the Philippines
The Philippine peso is at its strongest in 3 years, but families receiving dollars from abroad may not be happy about the news
Economic managers say the government can only afford P130 billion for spending programs. Lawmaker Stella Quimbo says that is 'a pitiful response to the biggest economic catastrophe since the World War.'
(UPDATED) Lower transportation costs and food prices cause the downtrend in the Philippines' inflation rate
Despite serious concerns about relaxing quarantine measures, the government is pushing for a W-shape recovery strategy. The trade-off is clear – economy trumps public health.
The offer of Finance Secretary Carlos Dominguez III to provide a special briefing comes after he clashed with Senator Imee Marcos over Masagana 99, the failed rice program of dictator Ferdinand Marcos
'Let's not rush TRAIN 2/CITIRA/CREATE (or whatever they are calling it now) and make an effort to get it done better compared to TRAIN 1 and rice tariffication'
According to Cocopea managing director Joseph Noel Estrada, while public school personnel are guaranteed their salaries even with suspended classes, over half a million private school personnel are not.
In this time of crisis, government needs to get its act together and divert all its energies and resources to saving people’s lives
Weak growth and higher spending due to the coronavirus crisis are expected to bloat the Philippines' budget deficit for 2020
The coronavirus pandemic is 'just a temporary setback,' says Acting Socioeconomic Planning Secretary Karl Chua
Let’s make this recession and our collective sacrifice count. But that won’t very well happen if government fails to set its priorities right and get its act together fast.
(UPDATED) The Philippines' gross domestic product contracts by 0.2% in the 1st quarter of 2020, with officials and analysts fearing that the worst is yet to come
(3rd UPDATE) The Philippines' inflation slows down as oil prices plunge, while prices of some food items inch up in April
'If we go back to the way we were, we will end up exactly in the same situation which created and fueled this pandemic to begin with'
'There are more savings that can be had if government abandons its dream of Build, Build, Build. It is a dream not worth chasing at this time.'
With the COVID-19 pandemic, the stakes are much, much higher. Now is not the time for the capricious, evidence-bereft brand of policymaking Duterte has grown used to and gotten away with.
'We will use that (infrastructure projects) as one of the main drivers of our economy.... That is where jobs are created,' says Acting Socioeconomic Planning Secretary Karl Chua
Protecting lives protects the economy. That said, the issue of saving the economy remains. Here are some recommendations.
Ensuring public health comes with a hefty price tag: job losses, business closures, and a peak in populism
Finance Secretary Carlos Dominguez III sees flat to negative growth in succeeding quarters. BSP Governor Benjamin Diokno calls it 'technical recession.'
(UPDATED) Inflation slows down in March as economic activity grinds to a halt due to the coronavirus pandemic
The government plays catch up fixing disrupted supply chains caused by vague lockdown rules
Today we’re enduring two types of crises: one in public health, another in governance
A drastic slowdown in domestic consumption, public infrastructure delays, and postponement of private investments due to the coronavirus are seen to drag down growth in 2020
Rappler talks to Darwin Rivers, founder and president of Philippines HR Group on the crucial role of human resource management in saving companies and jobs amid the pandemic
'The reality that we must face is that the measures we are taking to prevent the spread of the virus will hurt the economy more than the virus itself'
With billions of additional funds soon at Duterte’s disposal – and a spotty track record of transparency and accountability – we should all watch the money trail closer than ever
Rappler talks to Nicholas Mapa, ING Bank Manila's senior economist, on where the government should pump cash and what life after the coronavirus could be like
Rappler talks to Alfredo Paloyo, senior lecturer at the University of Wollongong in Australia, on what the Philippine government should do to protect the poor and save the economy from the coronavirus pandemic
Filipino economists recommend cash aid, food and non-food vouchers, and paid leaves to save lives and the economy
'Allow the scare to go on long enough and only the businesses with adequate capital and little debt will be able to see the end of the tunnel'
As lower revenue collection is seen due to the spreading novel coronavirus, the Philippines' budget deficit may hit as high as 3.6%
Allowing the deficit to blow up to 6.8% last quarter does not reflect well on fiscal managers and suggests fiscal irresponsibility and mismanagement
(3rd UPDATE) Transport and utility costs in the Philippines go down, as the novel coronavirus places downward pressure on global crude oil prices
The Philippines' economic managers see lower tax collections and reduced Chinese imports due to the spread of the virus