THE “optimistic” scenario for economic growth is over 7% in the second half amid expectations of sustained consumer and government spending, according to the National Economic and Development Authority.
Aug 062017
Aug 012017
STANDARD Chartered Bank has cut its growth forecast for the Philippines but added that the country will remain the fastest growing in Southeast Asia, supported by favorable domestic conditions that would not need fresh monetary stimulus over the coming year.
Jul 072017
Netherlands-based global financial giant ING has projected a positive growth rate for the Philippines under the 6-year term of the Duterte administration. Philippine Stock Exchange [via Business World Online] ING Philippines economist Joey Cuyegkeng in a client briefing said he foresees a 6.5 percent gross domestic product (GDP) growth rate until the year 2022 even if the country is placed on “autopilot.” The senior economist said in a forum that “A 6- to 6.5-percent growth rate is feasible even without any new reforms,” according to an Inquirer report by Doris Dumlao-Abadilla. Cuyegkeng is also reported by Manila Standard as saying the positive GDP rate is driven by investments, higher fiscal spending, and robust domestic demand. The Philippine economy is in a “sweet spot of relatively fast growth and low to moderate inflation” with growth drivers now expanding to include agriculture and industry services. The ING experts also project growth by 8.1 percent for the industrial sector, and 3 percent for the farm sector. The service sector is seen to keep its growth rate at the 6.6 percent. The post Dutch banking giant ING bullish on the PHL economy appeared first on Good News Pilipinas. Related posts: Makati Business Club remains bullish on PH economy PHL posts strongest economic growth in Asia at 7.1% PHL is Asia’s fastest growing economy in 1st Qtr 2016 Japan’s Nomura upgrades PHL economic growth
Jun 222017
GENERAL government (GG) debt as share of the economy continued to decline in end-2016, even though the total rose in absolute terms, the Finance department said yesterday.
Jun 192017
THE ECONOMY is expected to post at least a 7% expansion this year, as it sustains the momentum of strong investment-led growth, backed by foreign inflows and jacked-up infrastructure spending, analysts at First Metro Investment Corp. (FMIC) said yesterday.
May 252017
THE BUDGET department expects revenue effort, a measure of tax collection efficiency, to rise to 17.7% of gross domestic product (GDP) by the time the administration steps down from office, aided by the comprehensive tax reform program currently going through the legislative mill.
May 162017
THE Philippine economy likely expanded by at least 7% during the first quarter due to the rebound in exports and farm output, analysts at First Metro Investment Corp. (FMIC) said yesterday, placing the country on track to achieve the government’s growth goal for the year.
May 102017
The Philippines’ economic growth forecast for the years 2017 and 2018 has been upgraded in the latest Nomura Securities report. [via Reuters] The Nomura report “Philippines: Catching Up” released in April notes the country’s Gross Domestic Product (GDP) growing to 6.7 %, compared to the previous year’s 6.3%. Nomura economist Euben Paracuelles revealed that the Philippines’ significant growth is faster than other Asian peers such as Indonesia (5.6 percent), Malaysia (4.8 percent), Thailand (3.4 percent), and Singapore (2.5 percent), according to a report published by Stock Signals Philippines. The global investment bank says the country’s current GDP is improved by first quarter merchandise exports, specifically, that of electronic exports, which picked up demand from principal trading partners. Paracuelles further explains that the catching up refers to the electronic exports whose growth increased to 10.4 percent year-on- year, after a last quarter 2016 decline of 1.9 percent. Electronics shipments from the country jumped to 15.9% in February, credited to surge of export volumes, while other ASEAN countries maintained price restraints. The Nomura economic analyst added that the Philippines remains “relatively protected from risks of slowdown because it is accounted for in the 26.5 percent of GDP in exports of goods and services. Plus, the domestic demand remains stronger than ever.” Nomura believes that the Philippine “economy will remain resilient as the central powers of growth – investment spending and private consumption – continue to prosper.” The post Japan’s Nomura upgrades PHL economic growth appeared first on Good News Pilipinas. Related posts: PHL Read More …
Apr 272017
SLOWER GOVERNMENT spending seen in the first quarter point to moderating growth pace during the period, an economist at ING Bank N.V. Manila said, although a pickup in disbursements later this year could steer the growth path closer to the government’s target.
Feb 092017
THE SENATE is considering a ceiling on the amount of funds the National Government can borrow to secure macroeconomic stability.