MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) yesterday said the Philippines would be the laggard in economic growth among the Association of Southeast Asian Nations-5 (ASEAN-5) this year and in 2013. Read the rest of this entry »
IMF: PH to be ASEAN laggard
April 18, 2012
Gold reserves can wipe out poverty in Philippines – NSCB
April 11, 2012
MANILA, Philippines – If only the Philippines can tap all of its vast gold resources and reserves, poverty would be completely eradicated, according to the National Statistical Coordination Board (NSCB). Read the rest of this entry »
Growth outlook retained
April 11, 2012
THE PHILIPPINES will likely recover from last year’s sluggish growth amid increased public spending, investments and private consumption but “longstanding structural weaknesses” remain hurdles to achieving inclusive growth, the Asian Development Bank (ADB) yesterday said. Read the rest of this entry »
Dead-end economics
April 3, 2012
Dr. Bernardo Villegas, one of the high priests of dead-end economics, on March 24 pronounced himself “more bullish than the government in forecasting a GDP growth of 6 to 7 percent for 2012” (Manila Times, “Geared toward faster growth”). Read the rest of this entry »
Credit Suisse hikes Phl growth forecast to 4.8%
April 3, 2012
MANILA, Philippines – Zurich-based Credit Suisse Group hiked anew its economic growth forecast for the Philippines, this time raising next year’s gross domestic product (GDP) growth on the back of improved political stability and the take off of the government’s major infrastructure program. Read the rest of this entry »
UBS sees RP economy to grow at 3.3% in 2012, 4.7% in 2013
April 2, 2012
UBS Investment Research projects Philippine economic growth at 3.3 percent in 2012 and will further grow to 4.7 percent in 2013.
Paul Donovan, UBS deputy head of global economics, said the 2012 projection is still below the considered good growth level of 3.7 percent and .3 percent is lower than general indications/consensus. Read the rest of this entry »
Rapid growth seen for PHL
March 27, 2012
THE Philippine economy is poised for sustained and rapid inclusive growth with a trusted, credible and committed political leadership under President Aquino, an official of the Department of Trade and Industry (DTI) said. Read the rest of this entry »
Senate think tank, Citi upbeat on 2012 growth
March 27, 2012
THE GOVERNMENT’S 5-6% growth goal for this year will likely be achieved on the back of robust demand and increased spending, a Senate think tank said, notwithstanding challenges posed by continued global volatility.
“[The] outlook for 2012 is relatively sanguine,” the Senate Economic Planning Office (SEPO) said in March report, noting that underspending had resulted in 2011’s lower-than-expected 3.7% growth. Read the rest of this entry »
BSP sees inflation rising
March 24, 2012
MANILA, Philippines – After easing to its lowest level in 29 months, the Bangko Sentral ng Pilipinas (BSP) sees inflation rising due to soaring oil prices, higher food prices, and the continued weakening of the peso against the US dollar. Read the rest of this entry »
Phl poised for faster growth – BSP
March 22, 2012
MANILA, Philippines – Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said the Philippines is poised for a faster economic growth this year on the back of the emerging economic recovery in the US and the resolution of the debt crisis in Europe. Tetangco told reporters on the sidelines of the 2012 Convention of the Chamber of Thrift Banks yesterday that the two most recent external developments point to a stronger and faster gross domestic product (GDP) expansion for the Philippines this year. Read the rest of this entry »
