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News and Events

GDP Growth Slows to 6.1% in 3rd Qtr, Lowest in Three Years and Below Gov't Target

But Philippines is still one of fastest growing in East Asia

The Philippine economy grew by 6.1 percent year-on-year in the third quarter of 2018, the lowest since 2015, the Philippine Statistics Authority (PSA) announced on November 8, Thursday.The country’s economic performance in the third quarter of the year is slightly below the ...

by Elyssa Christine Lopez and Pauline Macaraeg  | November 08, 2018 11:00:00
News and Events

After 2 Years of Duterte, How Does GDP Growth Compare With Previous Presidents?

After starting out strongly in his term, economic growth seems to be easing in recent quarters

The Philippine economy slowed down to 6.0 percent in the second quarter of 2018, a decline from the 6.6 percent growth recorded in the previous quarter. It is way below the government’s target of 7 to 8 percent, as well as analysts’ ...

by Pauline Macaraeg and Elyssa Christine Lopez  | August 09, 2018 12:00:00
News and Events

PH GDP Growth Drops to 6.0% in Qtr 2, Lowest in 12 Quarters

But it is still the second fastest growing economy in Southeast Asia for the quarter

The country’s gross domestic product (GDP) grew by a flat six percent annually in the second quarter of 2018, the Philippine Statistics Authority announced on August 9, slowing down from the revised 6.6-percent growth rate in the previous quarter.It is the lowest ...

by Elyssa Christine Lopez and Lorenzo Kyle Subido  | August 09, 2018 10:00:00
News and Events

PH Economy Keeps Growth Momentum Despite Slower Consumption and Higher Inflation

GDP expands by 6.8 percent in first quarter of 2018, at par with China

The Philippine economy managed to grow a little bit faster in the first three months of 2018 compared to the previous period despite slower rise in household consumption in the wake of higher consumer inflation.The country’s gross domestic product (GDP) expanded by ...

by Pauline Macaraeg and Elyssa Christine Lopez  | May 10, 2018 10:00:00
News and Events

Rapid GDP Growth Sustained After a Year-and-a-Half Under President Duterte

Pace of economic expansion also looks more steady

The Philippines posted an economic growth rate of 6.6 percent in the last three months of last year, bringing full-year growth in 2017 to 6.7 percent. While that was slightly lower than the 6.9 percent in 2016, it was still one of ...

by Pauline Macaraeg  | January 23, 2018 02:00:00
News and Events

GDP Growth in Duterte's 1st Year Highest Among Past 5 Presidents

A look at annual GDP growth rates in the first full year of the past five presidents

The Philippines’ gross domestic product (GDP) posted an annual growth rate of 6.5 percent in the second quarter of 2017, up from 6.4 percent in the preceding quarter.With that, average annual GDP growth under President Rodrigo Duterte’s first full year of power ...

by Lorenzo Kyle Subido  | August 17, 2017 10:00:00
News and Events

PH Maintains Spot as Fastest-Growing Economy in ASEAN

The Philippines’ economic growth has been steady compared to that of its neighbors

The Philippines is still the fastest-growing economy in the ASEAN region in the second quarter of 2017, according to data released by the Philippine Statistics Authority (PSA).A rise in GDP, a measure of economic output, is often considered an indicator of a ...

by Pauline Macaraeg  | August 17, 2017 10:00:00
News and Events

Kick start your day, July 6: Duterte’s economic team adjusts 2016, 2017 GDP growth forecast

Plus, SMC takes full control of the MRT7 project.

Managing expectationsBarely a week in office, the Duterte administration is already managing expectations as it cuts the initial growth targets of the economy’s Gross Domestic Product (GDP) to 6% to 7% from the previously announced 6.8% to 7.8% by the Aquino administration.Related: ...

by Entrepreneur Staff  | July 06, 2016 08:00:00
News and Events

PH exceeds expectations, posts 6.9% GDP growth in Q1

Relative to other Asian economies, the Philippines is now the fastest growing economy, followed by China and Vietnam.

MANILA, Philippines – Exceeding expectations, the Philippines posted its highest gross domestic product (GDP) growth since the last quarter of 2014, as it welcomed the year with a 6.9% growth.This makes the country the fastest growing economy among its selected ASEAN (Association ...

by Elyssa Christine Lopez  | May 19, 2016 02:00:00
News and Events

Kick start, May 19: COMELEC to proclaim 12 new senators on May 19

Plus, PPCRV ends quick count and gov’t adjusts upward Q4 2015 GDP

12 new senatorsThe Commission on Elections (COMELEC) is set to proclaim the 12 winning senators from the May 9 polls, Thursday, May 19, at the Philippine International Convention Center in Pasay City.The COMELEC, which also acts as the National Board of Canvassers ...

by Entrepreneur Staff  | May 19, 2016 08:00:00
News and Events

Kick start your day, March 31: What do Filipinos want by 2040?

Plus, ADB forecasts for PH growth in 2016; a new airline flies to Batanes; Cebu Pacific adds flights; 10 'new wave cities' named for 2016.

PH economy to grow 6% in 2016The Philippine economy will see continuous economic growth in the next two years, a new report from the Asian Development Bank (ADB) revealed.According to the Asian Development Outlook (ADO) 2016, the Philippines will enjoy a 6% ...

by Entrepreneur Staff  | March 31, 2016 08:00:00