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Moody's sees Asia Pacific growing 4.3 percent in 2022

ABS-CBN News
Posted at Nov 23 03:47 PM

The Asia Pacific Region's economy is seen to grow by 4.3 percent in 2022, slower compared to the 2021 forecast of 5.6 percent, Moody's Analytics said Tuesday. Read more »

Alibaba sees annual growth slowing sharply as consumption lags

Josh Horwitz and Subrat Patnaik, Reuters
Posted at Nov 19 08:24 AM

China's Alibaba forecast annual revenue to grow at its slowest pace since its 2014 stock market debut as second-quarter results missed expectations due to slowing consumption, increasing competition and a regulatory crackdown. Read more »

BSP maintains interest rate at 2 percent

ABS-CBN News
Updated as of Nov 18 03:35 PM

The Bangko Sentral ng Pilipinas on Thursday kept the benchmark rate at 2 percent to support economic recovery. Read more »

BSP to remain 'patient' but says COVID-19 still threat to growth outlook

ABS-CBN News
Posted at Nov 16 11:50 AM

The central bank will remain patient when it comes to raising interest rates 'for a few more quarters,' BSP Governor Benjamin Diokno said Tuesday. Read more »

Average daily COVID-19 cases in NCR increase

ABS-CBN News
Posted at Nov 15 10:44 PM

Metro Manila showed a positive COVID-19 growth rate but health officials asserted the rise in infections is not a cause for concern. Read more »

5 to 6 pct economic growth target 'attainable': BSP

ABS-CBN News
Posted at Nov 15 09:24 AM

A gross domestic product growth of 5 to 6 percent seems attainable this year, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said over the weekend, after the economy grew 7.1 percent in the third quarter. Read more »

NEDA: PH can reach 'upper middle-income' status in 2022

Job Manahan, ABS-CBN News
Updated as of Nov 13 02:13 PM

NEDA Undersecretary Rosemarie Edillon said the country was forecast to reach the status supposedly last 2020, but the COVID-19 pandemic hit. Read more »

PH Q4 prospects 'looking good' says analyst

ABS-CBN News
Posted at Nov 10 09:04 PM

IHS Markit Asia-Pacific Chief Economist Rajiv Biswas says Philippine growth for the fourth quarter is looking good and will be more competitive in manufacturing as companies diversify away from China. Read more »

Fitch Solutions raises PH economic forecast to 4.5 percent in 2021

ABS-CBN News
Posted at Nov 10 02:08 PM

Fitch Solutions on Wednesday said it revised upwards its 2021 economic forecast for the Philippines to 4.5 percent from 4.2 percent. Read more »

Philippine GDP likely return to pre-pandemic level by 2022

Warren De Guzman, ABS-CBN News
Posted at Nov 09 01:57 PM

The Philippine economy is seen to return to its pre-pandemic level as early as early the first quarter of 2022, NEDA Secretary Karl Chua said Tuesday. Read more »

Philippine GDP grows 7.1 percent in third quarter

ABS-CBN News
Updated as of Nov 09 03:26 PM

The Philippine economy continued to recover from the impact of the COVID-19 pandemic as gross domestic product expanded 7.1 percent in the third quarter, the state statistics bureau said Tuesday. Read more »

Q2 GDP growth raised to 12 percent

ABS-CBN News
Updated as of Nov 08 08:26 PM

The Philippines revised upwards its second quarter gross domestic product growth rate to 12 percent from a preliminary estimate of 11.8 percent. Read more »

Health officials: COVID cases dropping in the country

ABS-CBN News
Posted at Oct 22 02:20 AM

New daily infections throughout the country fell to fewer than 5,000 for a third straight day. Read more »

Solon questions P385-B in proposed 2022 budget for Duterte's office

RG Cruz, ABS-CBN News
Posted at Sep 30 09:25 PM

A lawmaker said the office of President Rodrigo Duterte, who plans to run for Vice President next year, has a P385 billion worth of alleged “pork barrel war chest” in its proposed 2022 budget. Read more »

World Bank says Delta slowing growth in Asia Pacific

Kanishka Singh, Reuters
Posted at Sep 28 01:11 PM

The East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19 Delta variant, the World Bank said. Read more »

DOH: Too early to say if NCR COVID situation has eased

Job Manahan, ABS-CBN News
Updated as of Sep 25 03:34 PM

MMDA chairman Benhur Abalos earlier in the day said he hoped that virus epicenter capital region would be placed under Alert Level 3 should the pandemic situation further improve. Read more »

ADB keeps Philippine growth outlook for 2021

Jessica Fenol and Warren De Guzman, ABS-CBN News
Updated as of Sep 22 04:05 PM

The Asian Development Bank on Wednesday kept its growth outlook for the Philippine economy for 2021 while downgrading the forecasts for Southeast Asia and the rest of developing Asia. Read more »

ADB cuts Asia growth forecast on slow COVID vaccine rollout

Agence France-Presse
Posted at Sep 22 10:35 AM

The Asian Development Bank warned of "lasting scars" from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns. Read more »

Pagkalat ng COVID-19 bumabagal: OCTA

ABS-CBN News
Updated as of Sep 19 07:06 PM

Iginiit ng OCTA Research Group na bumabagal na ang pagkalat ng COVID-19 sa bansa. Read more »

Philippines’ growth for 2021-22 ‘encouraging’: NEDA

ABS-CBN News
Updated as of Sep 08 01:58 PM

The economy's performance this year and next year remains 'encouraging’, Socioeconomic Planning Sec. Karl Chua said on Wednesday. Read more »