National government fiscal performance
THE NATIONAL Government’s (NG) budget deficit narrowed in May as revenues grew by double digits and spending contracted during the height of the election period, the Bureau of the Treasury (BTr) reported on Thursday.
Housing demand picks up in Q1 2022
RESIDENTIAL property prices increased by 5.6% in the first quarter, primarily due to higher costs of townhouses, duplex housing units, and condominium units.
Philippines lags in new Safety Perceptions Index
The Philippines lagged behind its East and Southeast Asia peers after placing 128th out of 141 countries in the inaugural Safety Perceptions Index (SPI).
Philippines: Balance of payments position
THE PHILIPPINES posted its largest monthly balance of payments (BoP) deficit in 15 months in May, mainly due to the National Government’s foreign debt payments, the central bank said on Tuesday.
Philippines falls to 99th out of 130 countries in business environment resilience list
The Philippines dropped 10 places to 99th out of 130 countries with an overall score of 37.3 (out of a possible 100) in the 2022 edition of FM Global Resilience Index by US-based mutual insurance company FM Global.
Philippines places 158th out of 180 in environmental sustainability ranking
The Philippines placed 158th out of 180 countries in the 2022 edition of the biennial Environmental Performance Index (EPI).
Analysts’ expectations on policy rates (June 23)
THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to raise interest rates on Thursday, with several analysts now forecasting a 50-basis-point (bp) increase after the aggressive tightening by the US Federal Reserve last week.
Philippines jumps 4 notches to 125th in 2022 Global Peace Index
The Philippines’ rank improved four places to 125th out of 163 countries in the 2022 edition of the Global Peace Index (GPI) by think tank Institute for Economics & Peace.
Tourism’s share to GDP slightly improves in 2021
THE SHARE of the tourism industry to the Philippines’ economic output inched up in 2021, as domestic travel restrictions eased alongside the increase in coronavirus disease 2019 (COVID-19) vaccination rates.
Philippines places 20th in global illegal fishing index
The Philippines ranked 20th out of 152* coastal countries in the 2021 Illegal, Unreported and Unregulated (IUU) Fishing Index by the Poseidon Aquatic Resource Management Ltd. and the Global Initiative Against Transnational Organized Crime.
Overseas Filipinos’ cash remittances (April 2022)
CASH REMITTANCES sent home by overseas Filipino workers (OFWs) jumped by 3.9% in April as many countries further reopened their economies and eased travel restrictions amid the ongoing pandemic.
World Competitiveness Ranking 2022
THE PHILIPPINES climbed four spots in an annual global competitiveness report by Switzerland-based International Institute for Management Development (IMD), due to the economy’s improved performance.