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News and Events

2018 in Numbers

The figures and numbers that flooded our timelines

There are many ways to define a year. Lexicographers recognize words of the year to signify what most have discussed in the past 12 months. Others commemorate the year that was with photographs that have been engraved the most in our minds. ...

by Elyssa Christine Lopez for Esquire Philippines  | January 02, 2019 01:00:00
News and Events

Is the Philippines Already Enjoying the Economic Dividends from Duterte's Pro-China Stance?

A close look at trade, investments and ODA flows between the Philippines and China

Chinese President Xi Jinping arrived in the Philippines today for his first state visit to the country, a move widely seen as a demonstration of the benefits of closely cooperating with the rising global power.The state visit is an opportune time to ...

by Pauline Macaraeg  | November 20, 2018 06:00:00
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

Inflation Remained at 9-Year High of 6.7% in October

Prices of alcoholic drinks and tobacco, food and non-alcoholic beverages rise the fastest

The Philippines’ headline inflation in October 2018 reached 6.7 percent, still the highest recorded in nine years. It maintained the same rate pegged in the previous month.The increase in prices in areas outside of Metro Manila also maintained the same pace at ...

by Pauline Macaraeg  | November 06, 2018 11:00:00
News and Events

PH Inflation Soars Highest in ASEAN as It Hits New 9-Year Peak of 6.7% in Sept.

Pace of consumer price increases slows in Metro Manila but accelerates in rest of the country

Inflation, or the average annual increase in consumer prices, rose to a fresh nine-year high of 6.7 percent in September from 6.4 percent in August, the Philippine Statistics Authority (PSA) announced on Friday, October 5.It now stands more than triple the average ...

by Pauline Macaraeg  | October 05, 2018 04:00:00
News and Events

Just How Crazy Rich are Asians? Check Out This Graph

We all know Singapore is rich but how does it compare to the United States?

The highly anticipated film Crazy Rich Asians comes out in cinemas worldwide this week. Mainly set in the bustling city-state of Singapore, the movie is an adaptation of Kevin Kwan’s bestselling novel of the same title, which shows the dynamics of money, ...

by Pauline Macaraeg  | August 15, 2018 03:00:00
News and Events

Under TRAIN Law, Consumer Spending Was Supposed to Grow Faster. Here's What Really Happened

The faster pace of price increases is upending the government's neat plan

When the Tax Reform for Acceleration and Inclusion (TRAIN) law took effect in January 2018, President Rodrigo Duterte’s economic managers expected consumer spending growth to pick up as employees were expected to receive higher take-home pay. Under the law, taxpayers earning a taxable ...

by Elyssa Christine Lopez  | August 15, 2018 09:00:00
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

SONA 2018: Is Duterte Delivering on His Economic Targets Under the 6-Year PH Dev't Plan?

The economy is improving compared to the past, albeit gradually. Check out how it's doing vis-à-vis targets

President Rodrigo Duterte is set to deliver his third State of the Nation Address (SONA) today at the Batasang Pambansa in Quezon City. It is the president’s chance to address pertinent issues facing  the country, and share with the people his assessment ...

by Pauline Macaraeg  | July 23, 2018 10:00:00
News and Events

(Infographic) 72 Years After End of US Rule, is PH Economy Still Dependent on America?

Check out the graph showing long-term trends in US-Philippine trade, debt and investment flows

It could be an indication of America’s long-term economic decline, or of the Philippines' growing economic strength. Or the rise of a multipolar world that is no longer dominated by just one superpower.Whatever the reason, there is no avoiding the conclusion that ...

by Pauline Macaraeg  | July 04, 2018 10:00:00
News and Events

(Look) Are the Economy and Markets Better Off After Two Years of Duterte?

A snapshot of key economic and financial indicators as the president marks his second year in power

Two years have passed since President Rodrigo Duterte took office. In that span of time, how has his administration affected the Philippine economy and markets?Contrary to what the president said in a summit in Davao last June 22 that “the economy is ...

by Pauline Macaraeg  | June 29, 2018 01:00:00
News and Events

(Look) Economic Impact of the End of Spanish Rule and Declaration of PH Independence in 1898

Philippine foreign trade surged after the country was freed from Spanish colonialism

Every June 12, the whole Philippines celebrates Independence Day. All over the country, Filipinos take time out to commemorate the end of over three centuries of Spanish occupation with the declaration of independence on June 12, 1898.The overthrow of Spanish rule brought ...

by Pauline Macaraeg  | June 12, 2018 09:00:00
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