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PH tourism earns P245-B in first half of 2019

ABS-CBN News
Posted at Aug 16 08:48 PM

Local tourism generated revenues worth P245 billion in the first half of 2019, thanks to international visitors' spending, according to DOT on Friday. Read more »

Interest rate cut seen to help 'jumpstart' growth: economist

ABS-CBN News
Posted at Aug 12 10:30 AM

Investors are expecting a 100-basis point cut in the reserve ratio requirement for banks after the BSP cut the benchmark lending rate by 25 basis points, said Security Bank chief economist Robert Dan Roces. Read more »

PH finance chief: Slowdown in PH Q2 GDP growth expected

ABS-CBN News
Posted at Aug 09 11:23 PM

The Philippine economy is widely expected to bounce back from a second quarter of slowing growth. Read more »

Brexit turmoil drives UK economy towards recession

Agence France-Presse
Posted at Aug 09 06:51 PM

LONDON - Britain's economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge of a recession. Read more »

Palace seeks 'timely' passage of 2020 national budget

Arianne Merez, ABS-CBN News
Posted at Aug 09 03:57 PM

Malacañang called on lawmakers Friday to pass the 2020 national budget on time to keep the economic growth momentum. Read more »

BSP's Diokno: Banks' reserve requirement may be cut in September

Cathy Yang, ABS-CBN News
Posted at Aug 09 03:41 PM

A cut in the RRR, which would increase liquidity in the financial system, "is always on the table," Diokno said, adding his goal was to reduce it to "single digit" by the end of his term. Read more »

Japan economy grows faster than expected on new-era holidays

Miwa Suzuki, Agence France-Presse
Posted at Aug 09 12:27 PM

Japan's economy grew at a faster-than-expected clip in the second quarter, official data showed on Friday, helped by celebrations to usher in a new imperial era. Read more »

Fitch keeps GDP growth forecast for Philippines

ABS-CBN News
Posted at Aug 09 09:55 AM

The country's gross domestic product grew 5.5 percent in the second quarter, the lowest in 4 years, due to the delayed passage of the 2019 budget, officials said Thursday. The Bangko Sentral ng Pilipinas cut the benchmark borrowing rate by 25 basis points on the same day. Read more »

Dissecting Data: Behind Philippines' slower than expected Q2 economic growth

ABS-CBN News
Posted at Aug 08 06:25 PM

The Philippine economy grew 5.5 percent in the second quarter compared to 6.2 percent in the same period last year. Read more »

Bangko Sentral cuts interest rates with GDP growth at 4-year low

ABS-CBN News
Updated as of Aug 08 07:12 PM

The Bangko Sentral ng Pilipinas cut the benchmark interest rate on Thursday amid slowing inflation and weakening growth.  Read more »

'Pro-growth' Diokno will 'do the right thing' on policy, Pernia says

ABS-CBN News
Posted at Aug 08 11:32 AM

Economists expect the BSP to resume its rate-cutting cycle later Thursday with a 25-basis point reduction in the benchmark borrowing rate. The country's GDP grew 5.5 percent in the second quarter, falling below the 5.9-percent media forecast of economists. Read more »

Philippines GDP grows at slowest pace in 4 years

ABS-CBN News
Updated as of Aug 08 11:58 AM

It was the second straight quarter that GDP growth came in below 6 percent. A delay in the passage of the 2019 budget slowed economic expansion in the January to March period.   Read more »

Gov't spending to pickup in second half: RCBC

ABS-CBN News
Posted at Aug 08 09:18 AM

Government spending will rebound in the second half, in a boost to economic growth, RCBC chief economist Mike Ricafort says. Loan demand will help the banking sector grow throughout the rest of 2019, he says. Read more »

Dissecting Data: Second quarter GDP preview

ABS-CBN News
Posted at Aug 07 04:59 PM

Gross domestic product data for the April to June period will be released on Thursday. ABS-CBN Data Analytics team breaks down key indicators ahead of the official release. Read more »

Bangko Sentral seen to resume rate cuts to aid economic growth

ABS-CBN News
Updated as of Aug 07 02:41 PM

Economists polled by Reuters unanimously predicted that the BSP's Monetary Board would cut the overnight borrowing rate by 25-basis points on Thursday, hours after second quarter gross domestic product growth numbers are announced. Read more »

Trade deficit shrinks in June as exports rebound

ABS-CBN News
Posted at Aug 07 12:26 PM

Exports reached a total of $6.01 billion, reflecting a 1.5 percent increase compared to the $5.92 billion in June 2018, according to the data released by the Philippine Statistics Authority. Read more »

Weather is wild card in inflation, GDP growth: economist

ABS-CBN News
Posted at Aug 06 09:16 AM

Bad weather has become the wild card in the country's inflation and economic growth, says Unionbank senior economist Carlo Asuncion says. Read more »

Economic growth likely at 5.8 percent in Q2: PNB economist

ABS-CBN News
Updated as of Aug 01 02:26 PM

Gross domestic product likely grew 5.8 percent in the second quarter, from 5.6 percent in January to June and below the government's 6 to 7 percent range, Philippine National Bank economist Jun Trinidad told ANC's Market Edge. Read more »

Dissecting Data: Philippine economy under Duterte

ABS-CBN News
Posted at Jul 19 04:51 PM

How did the country's economy perform under 3 years of President Rodrigo Duterte in terms of foreign direct investment, gross domestic product growth and employment? Read more »

Philippines revises 2019-2022 forex assumptions, keeps growth targets

Karen Lema, Reuters
Updated as of Jul 18 06:02 PM

The Philippines on Thursday revised its foreign exchange assumptions for its medium-term macroeconomic targets as it expects the peso to appreciate against the dollar on positive investor sentiment. Read more »