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Bangko Sentral ends interest rate, reserve requirement cutting for 2019

ABS-CBN News
Updated as of Nov 04 02:55 PM

The central bank will "pause for a while" after slashing the benchmark interest rate by 75 basis points, bringing it to 4 percent, and reducing the reserve requirement ratio for banks to 14 percent, Diokno told ANC. Read more »

First quarter growth 'likely trimmed' by budget impasse: Pernia

ABS-CBN News
Posted at Mar 26 05:08 PM

One of the country's economic managers said economic growth in the first three months of the year was likely to have slowed because of the delay in passing the 2019 national budget.  Read more »

Poll: Analysts split on BSP rate hike after weak Q3 growth

Reuters
Posted at Nov 13 01:16 PM

Analysts were nearly evenly split on whether the Philippine central bank will raise interest rates on Nov. 15 to tackle stubbornly high inflation after the economy grew at its slowest annual pace in more than three years in the third quarter. Read more »

Third quarter growth seen faster as gov't spending picks up: Reuters poll

Reuters
Posted at Nov 06 07:35 PM

The Philippine economy likely expanded at a faster clip in the third quarter, driven by higher government spending and giving the central bank room to tackle stubbornly high inflation, a Reuters' poll showed. Read more »

Philippines won't hit 7 to 8 percent growth this year: Diokno

Trishia Billones, ABS-CBN News
Posted at Oct 02 11:47 AM

The Philippines will not hit its growth target of 7 to 8 percent, Budget Secretary Benjamin Diokno said Tuesday. Read more »

PH to be upper-middle income country in 2019, Pernia says

ABS-CBN News
Posted at Sep 18 10:52 PM

The World Bank defines upper-middle income countries as having a per capita income of $3,896 to $12,055.  Read more »

Pernia sticks to full-year economic growth forecast of at least 7-pct

ABS-CBN News
Updated as of Aug 14 02:57 PM

The economic growth forecast set between 7 percent to 8 percent this year will not be revised, Socioeconomic planning secretary Ernesto Pernia said Monday.   Read more »

Dissecting Data: What's behind the 6.8 pct GDP growth?

ABS-CBN News
Posted at May 10 07:50 PM

Cathy Yang takes a closer look at the factors behind the country's 6.8 percent economic growth in the first quarter.  Read more »

Philippines' economic growth may surpass China's this year: Pernia

ABS-CBN News
Posted at Apr 13 05:31 PM

MANILA – Socioeconomic Planning Secretary Ernesto Pernia on Friday said the country’s economic growth this year could surpass China's 6.9 percent growth in 2017 and the World Bank’s forecast of 6.7 percent.   Read more »

Economy seen ending 2017 on high note: Reuters poll

Karen Lema and Enrico Dela Cruz, Reuters
Posted at Jan 22 07:04 PM

The Philippine economy was expected to have ended 2017 on a solid footing with growth in the last quarter gathering momentum from strong domestic demand, robust government spending, and a rebound in farm output. Read more »

Philippines to remain fastest growing economy in region: Fitch

ABS-CBN News
Posted at Jul 26 08:20 PM

The Philippines will remain the fastest growing economy in Southeast Asia for the next five years, Fitch Ratings said in its report "Asia Pacific Sovereign Overview 3Q17" released on July 25. Read more »

Philippines says to achieve 6.7 pct growth target this year

ABS-CBN News
Posted at Dec 28 10:45 AM

MANILA - The Philippine economy is expected to achieve its 6.7 percent growth target for the year following strong growth in the first three quarters, presidential spokesperson Ernesto Abella said. Read more »