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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
News and Events

No Wonder You’re Spending More: PH Inflation Jumps to 41-Month High of 3.9% in Feb

In Metro Manila, prices rose by 4.7%, due to higher costs of alcoholic drinks and tobacco

The Philippines’ newly rebased headline inflation rate soared to a 41-month high of 3.9 percent in February from 3.4 percent the previous month and 3.1 percent in February last year, according to the Philippine Statistics Authority (PSA).The inflation surge came in the ...

by Pauline Macaraeg  | March 06, 2018 01:00:00
News and Events

Did the 1986 EDSA People Power Revolution Make the Rich Richer?

Property boom boosts fortunes of the extremely wealthy even as widespread poverty persisted

If you bought a house in one of  Metro Manila’s high-end villages in 1982,  the year before the onset of economic and political  crises that eventually triggered the EDSA People Power Revolution in 1986,  that piece of property would now be worth ...

by Pauline Macaraeg  | February 25, 2018 09:00:00
News and Events

Why the Surge in Inflation Rate to a 39-Month High of 4% in January is Bad News for Your Savings

With interest yields below the inflation rate, your money could be worth less after you withdraw them from the bank

The Philippine headline inflation surged to a three-year high of four percent in January, up from the 3.3-percent growth last December. This is the highest since October 2014.“The uptrend was primarily due to the higher annual increment in the heavily-weighted food and ...

by Pauline Macaraeg  | February 08, 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

The Peso Was Asia’s Third Weakest Currency in 2017 But PH Gov’t Says It’s a Good Thing

Despite its slight depreciation, the peso’s stability was a sign of strong economic fundamentals, says DOF

The Philippine peso closed last year at Php49.85 per US dollar, 0.50 percent weaker than the previous year’s close of Php49.60.That kind of change doesn’t look like much but it stands out in Asia, where most currencies, on average, appreciated or got ...

by Entrepreneur Staff  | January 08, 2018 05:00:00