Philippines economic growth - updates

Rappler's latest stories on Philippines economic growth


Bangko Sentral cuts interest rates as inflation, growth slow down

May 09, 2019 - 5:10 PM

(UPDATED) The Bangko Sentral ng Pilipinas cuts the key policy rate by 25 basis points, but some economists say the move may have been done too early

World Bank cuts 2019 Philippine growth outlook again

Apr 01, 2019 - 2:30 PM

The World Bank says the Philippines' delayed 2019 budget and El Niño are likely to hurt economic growth

Consumer, gov't spending to lift PH economy in 2019 – PCCI

Dec 22, 2018 - 7:06 PM

The Philippines' largest business group is optimistic that the country's 'resilient' economy will continue to grow in 2019

'RESILIENT' ECONOMY. The Philippines will continue to enjoy a high growth rate in 2019, according to the PCCI. File photo

PH internet economy to grow from $5B to $21B by 2025 – Google

Nov 20, 2018 - 3:58 PM

Collectively, Southeast Asia's internet economy will grow from $72B to $240B by 2025, according to Google's report

What Duterte's economic team did not say during the pre-SONA 2018 forum

Jul 06, 2018 - 10:02 PM

The dip in Philippine competitiveness ranking, missing the 2017 labor target, and slow implementation of infrastructure projects are left out during the 'Tatak ng Pagbabago: Tatak ng Pag-unlad' forum

THE ECONOMY'S HEALTH. Public Works and Highways Secretary Mark Villar (left), Finance Secretary Carlos Dominguez III (middle), and Socioeconomic Planning Secretary Ernesto Pernia (right) reported the various efforts of their respective agencies during the pre-state of the nation (SONA) forum. Pernia's photo by Albert Alcain/Presidential Photo, Dominguez' photo by Toto Lozano/Presidential Photo, Villar's photo by Malacañang Photos

Aquino on Senate Dengvaxia report, LTFRB on Grab, White House on Mueller | Evening wRap

Apr 11, 2018 - 8:42 PM

Watch Rappler's evening newscast with Marguerite de Leon

Philippine GDP growth in Q2 2017 raised to 6.7%

Nov 15, 2017 - 8:55 PM

The top 3 contributors to the upward revision are financial intermediation; construction; and real estate, renting, and business activities

Credit Suisse upgrades Philippine GDP 2017 outlook on Q2 results

Aug 21, 2017 - 6:10 PM

The global financial services giant now expects the Philippines gross domestic product to grow faster at 6 1 instead of 6 this year

STRONGER. The upgrade is a result of a better-than-expected 2nd quarter 2017 results. Rappler file photo

Gov't spending, agriculture lift Philippine GDP in Q2 2017

Aug 17, 2017 - 8:50 PM

Spending on infrastructure is a bright spot for the economy in the 2nd quarter of 2017 but in a role reversal it s now the private sector and not the government that is lagging

Malacañan Photo

Philippine GDP grows faster by 6.5% in Q2 2017

Aug 17, 2017 - 10:10 AM

3rd UPDATE The 6 5 growth in GDP places the Philippines ahead of ASEAN nations that have released their 2nd quarter figures but it is still behind China

Standard Chartered cuts Philippine GDP forecast

Aug 01, 2017 - 8:05 PM

The bank slashes its forecast to reflect the disappointing GDP expansion in the 1st quarter of the year which was largely due to weak investment growth

STILL FASTEST? The projected GDP growth for the Philippines this 2017 would be faster than Stanchart's 2017 outlook for Vietnam (6.4%), Indonesia (5.2%), Malaysia (4.6%), Thailand (3.5%), Singapore (2%), and Taiwan (1.9%). Rappler file photo

World Bank cuts PH growth outlook to 6.8%

Jul 02, 2017 - 10:25 PM

With government consumption and investment growth somewhat weaker the World Bank lowers its forecast for the Philippines in 2017

REVISED DOWNWARDS. The multilateral bank agency's growth outlook for the Philippines is now 6.8% for 2017, one percentage point lower than the 6.9% forecast released in the April edition of the World Bank Philippine Economic Update. Rappler file photo

PH economy grows slower by 6.4% in Q1

May 18, 2017 - 10:18 AM

UPDATED Aquino and Duterte have something in common: slow pace of public infrastructure spending

Still among Asia's fastest, PH grows 6.8% in 2016

Jan 26, 2017 - 10:07 AM

UPDATED The result puts the country s economic growth ahead of China s full year growth of 6 7 as well as Vietnam s 6 2


Rodrigo Duterte, PH economy, United States | 6PM wRap

Nov 17, 2016 - 7:06 PM

Watch the 6PM newscast with Chay Hofileña

PH GDP grows by 7.1% in Q3 2016

Nov 17, 2016 - 10:05 AM

The Philippines is the fastest growing among major Asian emerging economies that have already released data for the quarter says NEDA

Duterte vs De Lima, PH economy, Olympics | 6PM wRap

Aug 18, 2016 - 7:42 PM

Watch the 6PM wRap with Maria Ressa

Philippines GDP grows 7% in Q2 2016

Aug 18, 2016 - 10:10 AM

5th UPDATE Among the major Asian emerging economies the Philippines likely remains the fastest or second fastest growing economy in Q2 2016 followed by China says Socioeconomic Planning Secretary Ernesto Pernia

Aquino signs law creating financial inclusion committee

Jun 15, 2016 - 2:50 PM

The Financial Inclusion Steering Committee s tall order is to provide more people especially those in far flung areas access to financial services

FINANCIAL INCLUSION. President Benigno Aquino III signs Executive Order No. 208 to institutionalize the Financial Inclusion Steering Committee (FISC). Aquino photo by Joseph Vidal/Malacanang Photo Bureau

BSP, JP Morgan optimistic about PH growth under Duterte

May 13, 2016 - 6:00 PM

We would expect that the economy will continue to be stable and the macro economy will continue to attract confidence of the markets says the BSP

Moody's: PH growth in 2016 likely better than peers

Feb 01, 2016 - 7:18 PM

The Philippines has shown strong growth compared to export oriented Asian economies says Moody s

World Bank maintains PH 2016 growth forecast at 6.4%

Jan 07, 2016 - 4:13 PM

While unchanged the World Bank s forecast for the Philippines this year is below the government s growth target of 7 8

LOWER FORECAST. For 2015, the World Bank projects that the country grew by 5.8%, which is below the National Economic and Development Authority's full-year goal of 6%. File image from the World Bank website

NEDA chief: PH economy can hit 8% growth in next 6 years

Dec 17, 2015 - 4:08 PM

If it would be business as usual potential growth of the economy cannot be higher than 6 says NEDA chief Arsenio Balisacan

HIGH GROWTH. 'We are confident that we shall see this high growth pattern continue and even improve throughout next year and the succeeding administrations,' Balisacan says. File photo by Rappler.

PH growth seen to top most Asian countries in 2015

Sep 26, 2015 - 9:42 AM

While the Philippines is unlikely to hit its growth target this year increased government spending especially as the May 2016 elections draw near would help it surpass most Asian countries say FMIC and UA P

ELECTION SPENDING. The Philippine economy will pick up steam mainly due to early spending for the 2016 polls. Photo by Michael Buena/Rappler

Second half will be better – economists

Aug 27, 2015 - 8:25 PM

The Philippine economy will pick up steam due to the expected surge in OFW remittances more infra projects and early spending for the 2016 polls

SUNNIER OUTLOOK. Higher infrastructure spending, election multiplier, and robust OFW remittances will be the main drivers of Philippine economy in the second half of the year, economists say

Philippines' Q2 GDP growth rises to 5.6%

Aug 27, 2015 - 10:30 AM

2ND UPDATE Although below expectations the growth is respectable and still makes the Philippines an attractive market says NEDA chief Arsenio M Balisacan

PH gov't ramps up infrastructure spending

Aug 26, 2015 - 7:43 PM

Second quarter figures show that government spending is now at a steady and encouraging clip Budget Secretary Florencio Abad says

MORE INFRA. Higher requirements of infrastructure programs under the DPWH boosts government spending in the second quarter. File photo by Agence France-Presse

PH 1st quarter GDP lowered to 5%

Aug 26, 2015 - 5:47 PM

Despite the downward revision from 5 2 the consensus figure for Q2 GDP is 5 7

PH economy seen to recover in Q2 2015

Aug 01, 2015 - 9:18 AM

Government spending and ease in inflation should drive economic growth in the second quarter with consumer and infrastructure spending picking up First Metro Investment Corporation says

RECOVERED. The early second quarter signs point to a definite recovery from the measly 5.2% economic growth in the first three months of 2015, FMIC says. Shutterstock Photo

PH to miss 2015 GDP growth target – economists

May 28, 2015 - 8:11 PM

UPDATED Economists say the Q1 2015 GDP letdown only shows that government needs to accelerate public spending and grow other sectors

PH GDP growth slows to 3-year low: 5.2% in Q1 2015

May 28, 2015 - 10:09 AM

4th UPDATE The Philippines first quarter gross domestic product growth is below government and market expectations

World Bank cuts PH growth forecast to 6.5% for 2015

Apr 13, 2015 - 11:40 AM

UPDATED Economic growth will also ease slightly in developing countries this year on the back of falling oil prices World Bank says

Ayala Corporation remains bullish in PH

Apr 10, 2015 - 7:00 PM

While it is exploring other opportunities in Southeast Asia the conglomerate is still seeing – and riding on – the country’s growth potentials Jaime Augusto Zobel De Ayala says

Foreign direct investments fall by 71% in January

Apr 10, 2015 - 3:55 PM

The latest record is the lowest in 13 months

Record high: Foreign direct investments rise 70%

Mar 10, 2015 - 3:36 PM

Still foreign business groups in the country think the country deserves more investments than what it is getting now

Businesses still optimistic in Q3 at 34.4%

Aug 30, 2014 - 10:34 AM

Although positive the third quarter reading is lower due to the rainy season lower consumer spending price hikes truck ban and port congestion PDAF and DAP

World Bank: PH to grow 7% in 2013

Oct 07, 2013 - 11:46 AM

The World Bank hikes its 2013 and 2014 growth forecasts for the Philippines as it estimates economies in the region to slow down

Does CCT ensure inclusive growth?

May 30, 2013 - 10:32 PM

Do the poor feel the stunning economic growth in the Philippines?

Why PH improves in competitiveness ranking

May 30, 2013 - 7:22 AM

The good news: the Philippines now ranks 38th among 60 countries The not so good news: we were 38th already in 2000 so we still have a long way to go

PH competitiveness rank jumps to 38th

May 30, 2013 - 6:50 AM

UPDATED The Philippines is one of the best performers in the 2013 World Competitiveness Yearbook ranking

OVERVALUED? An analyst says Philippine stocks may not be as expensive as they seem.

Govt to create more agriculture jobs

Apr 24, 2013 - 7:07 PM

The Aquino administration will focus on increasing agriculture productivity to lick poverty

AGRI JOBS. The government is keen on increasing jobs in the agriculture sector to lick poverty. Photo by AFP

PH growth to slow to 6.2% in 2013 - UN

Apr 18, 2013 - 1:19 PM

The UN body ESCAP cites how slowdown in major trading partners like China may impact the local economy

Image obtained from UNESCAP website

ADB: PH can sustain 6% growth until 2016 if…

Apr 10, 2013 - 8:27 AM

ADB highlights the need for the government to implement targeted interventions to revive the manufacturing sector

REVIVE MANUFACTURING. The only way the economy can sustain a 6% growth annually until 2016 is if the government would be able to revive the country's ailing manufacturing sector. Photo by AFP

Fitch expects slower PH growth in 2013

Mar 29, 2013 - 3:58 PM

Fitch projects a 5 to 5 5 growth for the Philippines in 2013 lower than government s 6 to 7 target

SLOWER GROWTH. The Philippines may have obtained its first-ever investment grade rating but Fitch still expects the economy to slow in 2013. RAPPLER/John Javellana

Gov't sees 6% to 7% growth in Q1

Mar 25, 2013 - 6:32 PM

Remittances and election spending offset weak exports says socioeconomic planning chief Arsenio Balisacan

PH to grow near 7% in Q1 - think tank

Mar 20, 2013 - 7:03 PM

Low inflation and spending for the May 2013 polls will help boost economic growth

PH needs 'judo economics' to further grow

Mar 19, 2013 - 3:09 PM

An expert says OFW remittances are a good source of funds for public goods

Aquino govt 'lacks appreciation' for mining

Mar 14, 2013 - 3:20 PM

Despite the issues surrounding mining in the country the industry players believe they can do more to tell the public the economic benefits of this extractive industry

SETTLEMENT. Miner OceanaGold reluctantly paid taxes so it could proceed with the shipment of ores from this Didipio mine where open pit operations started last December 2012. Photo from media website of OceanaGold

'Lack of decent jobs worsens poverty'

Feb 25, 2013 - 1:51 PM

Socioeconomic Planning Secretary Arsenio Balisacan says unemployment in the past few years was at or above 7 causing poverty to persist

POVERTY. The Philippines has struggled with poverty mainly because of the lack of decent jobs, says Socioeconomic Planning Secretary Arsenio Balisacan. Photo by AFP

Nouriel Roubini details 'shopping list' for Philippines

Jan 31, 2013 - 2:35 AM

Renowned economist Nouriel Roubini offers an 8 point shopping list for the Philippines in its pursuit of high sustainable economic growth

THE LIST. Renowned economist Nouriel Roubini addresses an SRO crowd of investors, bankers, corporate chiefs on Wednesday, January 30. Photo by Lala Rimando