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Foreign investments down to $423 million in October on resurgence of COVID-19 cases

ABS-CBN News
Posted at Jan 08 05:01 PM

Foreign direct investments to the Philippines reached $423 million net inflows in October, a 24.5-percent drop versus a month ago on increasing COVID-19 cases, the Bangko Sentral ng Pilipinas said on Friday. Read more »

Ayala ‘cautiously optimistic’ on 2021 growth, wary of second wave infections

ABS-CBN News
Posted at Jan 04 04:41 PM

The president of one of the country’s biggest conglomerates said he is “cautiously optimistic” over the Philippine economy’s growth prospects for this year.    Read more »

Populasyon ng PH posibleng umabot ng 110.8 milyon pagdating ng 2021

ABS-CBN News
Posted at Dec 30 06:45 PM

Tinatayang aabot sa 110.8 milyon ang populasyon ng mga Pilipino sa 2021, mula sa kasalukuyang 109.4 milyon.  Read more »

PH population to reach 110.8 million by 2021: POPCOM

ABS-CBN News
Updated as of Dec 30 04:29 PM

The Philippine population is estimated to reach 110.8 million at the onset of 2021, the Commission on Population and Development (POPCOM) said Wednesday. Read more »

Japan aims to eliminate gasoline vehicles by mid-2030s, boost green growth

Reuters
Posted at Dec 25 05:16 PM

TOKYO - Japan aims to eliminate gasoline-powered vehicles in the next 15 years, the government said on Friday in a plan to reach net zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050. Read more »

Nomura sees PH 'growth disappointment' in 2021, new rate cuts

ABS-CBN News
Posted at Dec 08 10:07 PM

Philippine economic growth next year will likely disappoint because of limited fiscal support, and this will lead the Bangko Sentral ng Pilipinas to cut rates, global financial services firm Nomura said on Tuesday.  Read more »

Thai economy shrinks less than expected, outlook raised

Orathai Sriring and Kitiphong Thaichareon, Reuters
Posted at Nov 16 12:30 PM

Japan's economy grew at the fastest pace on record in the third quarter, rebounding sharply from its biggest postwar slump, as improved exports and consumption showed the country is recovering from damage caused by the coronavirus pandemic. Read more »

Foreign direct investments hit $637-M in August, up for fourth straight month

ABS-CBN News
Posted at Nov 11 12:30 PM

The Philippines booked a $637 million net inflow of foreign direct investments (FDI) in August, which was 46.9 percent higher compared to the same month last year, the Bangko Sentral ng Pilipinas said on Wednesday.    Read more »

'Worst is over,' Palace says after economy shrinks in third quarter

ABS-CBN News
Posted at Nov 10 03:15 PM

Malacañang said Tuesday the worst was "over" after the Philippine economy shrank for the third straight quarter in July-September.  Read more »

Philippine economy shrinks 11.5 pct in third quarter, but 'worst is over' says NEDA

ABS-CBN News
Updated as of Nov 10 01:47 PM

The Philippine economy shrank 11.5 percent in the third quarter, marking the first time in 35 years that the country’s gross domestic product (GDP) contracted for three straight quarters, the state statistics bureau said on Tuesday.  Read more »

Economy seen shrinking 8 to 9 pct this year, stimulus 'stingiest' more needed for growth: economist

ABS-CBN News
Posted at Nov 09 12:13 PM

An economist said Monday the Philippine economy is likely to contract 8 to 9 percent this year because of the impact of the pandemic, the measures implemented to contain the virus, as well as the insufficient government stimulus for the economy.  Read more »

Huawei revenue growth wilts under 'intense pressure'

Dan Martin, Agence France-Presse
Posted at Oct 23 12:35 PM

Huawei’s revenue growth slowed significantly in the first nine months of 2020, the Chinese telecom giant said Friday, citing "intense pressure" on operations during the coronavirus and as the US moves to cut off its access to vital components. Read more »

China’s rapid growth shows why virus controls must trump reopening economy

Zhou Xin, South Chine Morning Post
Posted at Oct 19 10:36 PM

Half measures around the world, with premature decisions to reopen societies and economies, have led to new rounds of infections. Read more »

China 2020 growth forecast almost doubled to 1.9% by IMF

Agence France-Presse
Posted at Oct 14 05:59 AM

China's economy is expected to grow 1.9 percent this year, almost twice as much as previously forecast, the International Monetary Fund said Tuesday, tagging the superpower as the only major nation likely to expand in the face of the coronavirus.   Read more »

China 2020 growth forecast almost doubled to 1.9 percent by IMF

Agence France-Presse
Posted at Oct 13 11:33 PM

China's economy is expected to grow 1.9 percent this year, almost twice as much as previously forecast, the International Monetary Fund said Tuesday, tagging the superpower as the only major nation likely to expand in the face of the coronavirus. Read more »

BOJ's Kuroda warns pandemic to keep economic uncertainty 'very high'

Reuters
Posted at Oct 05 03:15 PM

Bank of Japan Governor Haruhiko Kuroda said on Monday uncertainty over the country's economic and price outlook remained "very high" as the coronavirus pandemic continued to inflict pain on global growth.   Read more »

BPI sees slow growth for rest of year, businesses to normalize in 2021

ABS-CBN News
Posted at Sep 29 05:10 PM

Despite the easing of quarantine restrictions, there is still a lot of uncertainty, according to BPI Securities Corp president Haj Narvaez.  Read more »

Fed seeks to offer reassurance amid push for new US stimulus

Chris Stein, Agence France-Presse
Posted at Sep 16 09:59 AM

Armed with a new interest rate strategy, the Federal Reserve will seek to reassure the US economy rattled by the coronavirus downturn as it wraps up its policy meeting on Wednesday.   Read more »

PH economy likely to see 'deeper decline' in 2020 before recovery next year: ADB

ABS-CBN News
Updated as of Sep 15 11:18 AM

The Philippine economy could see a "deeper decline" this year due to the COVID-19 pandemic before recovering in 2021, according to a new study by the Asian Development Bank. Read more »

Philippine economy 'unlikely' to worsen in 2021, says BSP Gov. Diokno

ABS-CBN News
Updated as of Sep 11 11:46 AM

The economy is "unlikely" to worsen in 2021, Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Friday, as the recurrence of the total lockdowns in April and May due to COVID-19 is not expected. Read more »