Home Tags Economy

Tag: economy

How the World Cup made eggs more expensive in Indonesia

A rally in egg prices in Indonesia to the highest in at least two years on lower supplies and good demand during the FIFA...

Peso slightly firms up on BSP’s hint of August rate hike

The peso strengthened against the dollar on Friday, July 20, after the local central bank hinted at another interest rate hike during its next...

NEDA reports accelerated spending of ODA loans in 2017

SPENDING of official development assistance (ODA) loans sped up in 2017, the National Economic and Development Authority (NEDA) said. In a statement on Thursday, July...

Finance dep’t seeks support from economists for pushing second tax reform...

THE DEPARTMENT of Finance (DoF) is seeking the support of local and international economists from the academe, private sector, government and international organizations, for...

ADB maintains growth forecast for Philippines

THE ASIAN Development Bank (ADB) retained its 6.8% and 6.9% gross domestic product (GDP) forecasts for the Philippines for 2018 and 2019, respectively, in...

Palace reiterates federalism won’t hurt the economy

Malacañang on Wednesday, July 18, maintained that the country's shift to federalism would have no adverse impact on the economy. But Socioeconomic Planning Secretary Ernesto...

Proposed 2019 national budget

PRESIDENT Rodrigo R. Duterte and his Cabinet approved in a July 9 meeting the proposed P3.757-trillion national budget for 2019 that is designed to...

Trade gap widens as exports decline for fifth straight month

Exports declined for the fifth straight month in May while imports grew by double-digits, reported the Philippine Statistics Authority Tuesday morning. Exports declined by 3.8%...

China’s tariff response takes effect after Trump ignites trade war

President Donald Trump threatened to impose tariffs on every single Chinese import into America as the world’s two largest economies exchanged the first blows...

Inflation surge spurs rate hike view

INFLATION surged in June to a fresh five-year high as it beat market and government estimates given for the month, leaving the door open for another policy interest rate hike.

Trade tensions starting to affect global economy

GENEVA — Trade barriers being erected by major economies could jeopardize the global economic recovery and their effects are already starting to show, the World Trade Organization (WTO) said on Wednesday in a report on trade restrictions among G20 nations.

BoI OK’s more pledges as of May

THE BOARD of Investments (BoI) approved nearly a fifth more committed investments in the five months to May from a year ago, with foreign pledges alone growing by close to a third in value terms in the same period, the agency said in a press release on Thursday.

Southeast Asia diverges on rate policy as currency rout deepens

Southeast Asia’s central bankers are taking diverging policy stances even as their economies get slammed by the same headwinds. Dollar strength, higher oil prices, and...

Goldman says buy commodities as trade war concerns overblown

Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the U.S. and China represents a...

China says US tariffs to backfire, damaging the whole world

The US imposition of tariffs on $34 billion of China’s exports will not only hurt China, but the US itself and the rest of...

Factory output growth slows in May

Factory production expanded in May, the Philippine Statistics Authority (PSA) reported this morning. Preliminary results of the PSA’s Monthly Integrated Survey of Selected Industries (MISSI)...

June inflation highest in five years

Philippine inflation reached a fresh high in at least five years last month, the government reported this morning. Preliminary results from the Philippine Statistics Authority...

Fed minutes may offer clues on rate-hike limits testing Powell

A discussion about how high US interest rates should go in this tightening cycle could feature prominently in the release of minutes later this...

June factory growth buoys Q2 reading

IMPROVEMENT in manufacturing activity eased in June from the preceding month as increases in output and new orders ebbed, according to the latest survey IHS Markit conducted for Nikkei, Inc. that nevertheless showed last month’s “solid” growth pushing the second quarter’s average Purchasing Managers’ Index reading higher than that of January-March.

Philippines’ factory activity slows in June

THE SECOND QUARTER closed with softer manufacturing activity as higher input costs continue to mount, but was a "solid improvement" from the previous three...

Liquidity growth picks up slightly

By Melissa Luz T. Lopez, Senior Reporter MONEY SUPPLY grew faster in May even as growth in bank lending eased, the Bangko Sentral ng Pilipinas...

Gov’t outstanding debt down in May

OUTSTANDING DEBT went down in May as the government settled domestic loans, the Bureau of the Treasury reported on Friday.

Net liability position improves in Q1

A DECLINE in liabilities, coupled with a rise in assets, caused the country’s international investment position (IIP) to improve as of March, the central bank said.

SSS collections up 7.64% in Q1

THE SOCIAL Security System (SSS) collected more contributions from its members in the first quarter, boosting the pension fund’s revenues.

‘Better-than-expected’ tax gains cited

“IMPRESSIVE” gains from tax reform bode well for the Philippines’ credit rating, Moody’s Investors Service said, even as local political noise and tighter global financial conditions pose risks for the economy.

Moody’s sees little risk of problem loans despite rising rates

THERE SHOULD BE little risk of problem loans even as interest rates rise further, a global credit rater said, noting that policy adjustments can be expected to temper credit growth.

Germany has more to worry about than going out of the...

Call it Germany’s spoiled summer. For all that’s going well in this country of about 83 million people -- a growing economy, booming real estate...

NEDA bullish on project completion

THE GOVERNMENT now expects to complete nearly half of its 75 flagship infrastructure projects by the time President Rodrigo R. Duterte ends his six-year term due to efforts to address bottlenecks in approval, funding and implementation, the National Economic and Development Authority (NEDA) said in a briefing on Wednesday.

Goldman, Citi hunker down as trade war hits emerging markets

Some of the world’s largest money managers soured on emerging markets as compounding trade threats deepened the worst monthly rout for developing currencies since...

S&P, BMI see need for another rate hike

S&P GLOBAL RATINGS and Fitch Group’s BMI Research expect another rate hike from the Bangko Sentral ng Pilipinas (BSP) within the year, citing the need for further tightening to curb faster inflation and ease pressures on the peso.

BSP banks on BPO, tourism for trade boost

REVENUES from business process outsourcing (BPO) and tourism will buoy the country’s external trade balance this year as these industries are expected to grow by a tenth, the central bank said.

Industries that attract the most investments (Q1 2018)

By Jochebed B. Gonzales, Senior Researcher Approved investments of foreign and Filipino nationals reached P184.99 billion in the first quarter of 2018. This was 52.3%...

Where does the Philippines source most of its imported goods?

By Carmina Angelica V. Olano, Researcher China, Japan and South Korea remained as the country's top source of imports, accounting for 39% of the total...

Top domestically-traded commodities in the Philippines (as of Q1 2018)

By Jochebed B. Gonzales, Senior Researcher Government data showed that the total value of domestic trade increased 6.1% to P174.88 billion in the first quarter...

Construction at major state projects set to begin

CONSTRUCTION WORK for at least nine of the 75 key large-scale infrastructure projects of the Duterte administration is set to begin next semester.

Where does the Philippines sell most of its exported goods?

By Carmina Angelica V. Olano, Researcher US, Hong Kong and Japan continued to be the Philippines' top export destinations, accounting for 45% of total exports in...

BSP tightens anew to temper inflation

THE Bangko Sentral ng Pilipinas (BSP) raised rates yesterday after a similar move in May in a bid to arrest future inflation and keep local yields competitive.

BSP hikes rates to contain ‘elevated’ inflation

By Melissa Luz T. Lopez, Senior Reporter The Bangko Sentral ng Pilipinas (BSP) raised rates on Wednesday, June 20, following a similar move in May...

China accuses Trump of ‘blackmail’ after new tariffs threat

Beijing, China -- Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the US president threatened to...

Argentina to sell up to $7.5 billion from IMF in FX...

Argentina plans to sell as much as $7.5 billion in the foreign exchange market to support budget expenditures once it gets access to a...

US Federal Reserve raises key interest rate to 1.75-2%

Washington -- The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes...

Central bank faces ‘complex’ policy environment

THE MONETARY BOARD (MB) is gearing up for an earlier rate-setting meeting next week as it faces a “fairly complex” mix of faster inflation, a weakening peso and robust economic growth.

Asia central banks juggling risks find solace in food

ASIAN central bankers grappling with wobbly markets, higher energy costs and simmering trade tensions are getting relief from an old foe: food prices.

DTI preparing rules to implement new ease of doing business law

The Department of Trade and Industry (DTI) has directed involved agencies to fast-track the terms of the new Ease of Doing Business Law of...

Malaysia’s Mahathir says growing economies need trade protection

TOKYO -- Growing nations like Malaysia need different trade protections and, while Kuala Lumpur is not against trade pacts such as the Trans Pacific Partnership, the TPP must be renegotiated, Malaysian Prime Minister Mahathir Mohamad said on Monday.