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News and Events

Duterte Praises the Zobel de Ayalas and Aboitizes as Responsible Business Owners

Though often critical of the elite, the president asks where would Davao and Makati be without the two wealthy families

President Rodrigo R. Duterte praised the enterprising families of the Zobel de Ayalas and the Aboitizes, two of the wealthiest families controlling sizeable portions of the economy, in a speech last November 18 in Davao City.The president spoke at the launch of ...

by Pauline Macaraeg  | November 22, 2017 10:00:00
News and Events

PH Economy Grows 6.9% in 3Q, Surpassing China But Outpaced by Vietnam

GDP picks up from the previous quarter on the back of stronger industrial and service activities

Surpassing expectations, the Philippine economy grew by 6.9 percent in the third quarter from year-ago levels, up from the 6.7-percent growth rate it recorded in the preceding quarter, the Philippine Statistics Authority (PSA) reported.However, the third-quarter GDP growth rate was lower compared ...

by Elyssa Christine Lopez  | November 16, 2017 05:00:00
News and Events

How Did the Declaration of Martial Law in 1972 Affect the Economy?

A look at the impact of authoritarian rule on infrastructure, debt, GDP and inflation

To family and supporters of the former President Ferdinand Marcos, his declaration of martial law on September 23, 1972 (though he antedated the official document to September 21) remains a watershed event that ushered in what some of them consider to be ...

by Pauline Macaraeg  | September 21, 2017 06:00:00
News and Events

This Was How Bad the Economy Got After Aquino Was Killed on Aug. 21, 1983

The cold-blooded murder turned the regime’s economic ills into a full-blown crisis

In most retellings of the assassination of Benigno "Ninoy" Aquino Jr. on August 21, 1983, which is being commemorated today, the cold-blooded killing is often credited for sparking widespread outrage among ordinary citizens previously cowed by over a decade of martial rule. ...

by Pauline Macaraeg  | August 21, 2017 09:00:00
News and Events

Believe It or Not: When ASEAN Began 50 Years Ago, PH Had Biggest GDP Among the 5 Founders

A look back at key economic and social indicators of the regional grouping’s five initial members

On August 8, 1967, when five southeast Asian countries formed the Association of Southeast Asian Nations (ASEAN), the Philippines was the preeminent economic force in the region. The current value of its GDP, a measure of economic output, stood at $6.8 billion, ...

by Pauline Macaraeg  | August 03, 2017 04:00:00
Run & Grow

Financial Adviser: 5 Ways Inflation Can Benefit You

Inflation isn't all bad

The Philippine Statistics Authority (PSA) recently reported that the national inflation rate has slowed down to 3.1 percent for the month of May after it reached a high of 3.4 percent for the months of April and March of this year.Although inflation ...

by Henry Ong  | July 04, 2017 10:00:00
News and Events

PH Banks on Infra Projects, Exports to Boost GDP Growth Later This Year

Despite slowdown, government planners still see the economy expanding by 6.5-7.5% this year

The Philippines’ socioeconomic planning secretary, Ernesto Pernia, remains optimistic that the economy can grow by 6.5-7.5 percent this year despite the slowdown in the first three months of 2017.The country's gross domestic product (GDP) growth slowed to 6.4 percent in the first ...

by Elyssa Christine Lopez  | May 18, 2017 04:00:00
News and Events

PH GDP Growth Rate Slows Down to 6.4% in Q1 2017

The rate is lower than expected, according to NEDA director-general Ernesto Pernia

The Philippines’ gross domestic product (GDP) grew 6.4 percent in the first quarter of 2017, down from the 6.6-percent figure in the fourth quarter of 2016.Ernesto Pernia, director-general of the National Economic and Development Authority (NEDA), admitted that the Q1 growth rate ...

by Lorenzo Kyle Subido  | May 18, 2017 03:00:00
News and Events

PH Back as ASEAN’s Fastest-Growing Economy in Q1 2017

The country remains one of the strongest economies in Asia despite GDP growth slowdown in the first quarter

The Philippines has overtaken Vietnam as the fastest-growing economy in the ASEAN region in the first quarter of 2017 after posting a GDP growth of 6.4 percent, reclaiming the top spot after six months. This made it the fastest-growing country among Southeast ...

by Pauline Macaraeg  | May 18, 2017 12:00:00
News and Events

Which of the Biggest PH Businesses are Investing in the ASEAN Region?

Vietnam and Singapore attracted the most attention from the country’s largest conglomerates

Economic integration within the Association of Southeast Asian Nations (ASEAN) achieved a crucial milestone with the formal establishment of the ASEAN Economic Community (AEC) at the end of 2015. The AEC aims to transform the region into a single market and production ...

by Lorenzo Kyle Subido  | April 27, 2017 02:00:00
News and Events

(Infographic) Duterte Planners Seek to Usher in ‘Golden Age of Infrastructure’

The new government’s public construction program is the most ambitious in decades

President Rodrigo R. Duterte’s economic planners have been speaking for some time about bringing about a “golden age of infrastructure”. During an economic forum Tuesday, they provided a detailed program of how exactly to attain the ambitious goal.Based on the government’s Three-Year ...

by Pauline Macaraeg  | April 20, 2017 11:00:00
News and Events

Duterte Admin Ups Infra Budget to Php3.6 Trillion in Next 3 Years

Under ‘DuterteNomics’, spending per year will be triple that of ex-President Aquino

President Rodrigo R. Duterte’s economic managers have spelled out plans to ramp up infrastructure spending to Php3.6 trillion between 2018 and 2020, bulk of which will be used for transportation projects in Metro Manila and other parts of the country.In a presentation ...

by Pauline Macaraeg  | April 19, 2017 05:00:00
News and Events

How Inflation is Eroding the Value of Your Savings

The surge in inflation rate to a 28-month high of 3.4% in March is bad news for investors

Philippine headline inflation in March hit 3.4 percent, according to the Philippine Statistics Authority, due to the faster pace of increases in prices of consumer goods. This is the highest in 28 months, picking up from the 3.1 percent recorded in February ...

by Pauline Macaraeg  | April 12, 2017 11:00:00