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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

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

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

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

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
Run & Grow

Financial Adviser: 5 Reasons Why GDP Does Not Measure Economic Prosperity

Just because the GDP is growing doesn't mean everyone is benefiting from this growth

Last week, the Philippine Statistics Authority announced that the Gross Domestic Product in the fourth quarter of 2016 grew 6.6 percent, higher than the 6.5 percent growth in the same quarter last year.This latest quarterly result brought the entire 2016’s GDP growth ...

by Henry Ong  | January 31, 2017 11:00:00
News and Events

China, Vietnam Overtake PH in GDP Growth in Q4

Philippine economic growth fell to 6.6% in the last quarter from 7% in the previous period

With fourth quarter GDP growth falling to 6.6 percent from a revised seven percent in the third quarter, the Philippines was overtaken by China and Vietnam as the fastest growing economy among selected East Asian countries. The Philippines was the region's fastest ...

by Entrepreneur Staff  | January 26, 2017 12:00:00
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