News Articles on {?keyword?} | ABS-CBN News

AMRO cuts 2021, 2022 PH growth forecast

Warren de Guzman, ABS-CBN News
Updated as of Oct 07 05:37 PM

AMRO said the Philippines would grow just 4.3 percent this year, and 6.7 percent next year. Read more »

PH economy to take 10 years to recover from COVID: NEDA

Agence France-Presse
Updated as of Oct 03 12:04 AM

The Philippine economy will take more than a decade to return to pre-pandemic growth, an official said. 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 »

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 »

PH on Nomura list of 'troubled 10' emerging markets

Warren de Guzman, ABS-CBN News
Posted at Aug 27 02:25 PM

The Philippines is on Nomura’s "troubled 10" list of emerging markets that are vulnerable to economic changes in the US and China. Read more »

Diokno says 'no urgency' for monetary action

ABS-CBN News
Updated as of Aug 23 11:51 AM

The revised and lower economic growth target of 4 to 5 percent this year is "doable" despite the restrictions imposed in Metro Manila to mitigate the spread of COVID-19, Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday. Read more »

Road to economic recovery 'remains bumpy,' says BSP

ABS-CBN News
Posted at Aug 19 09:39 AM

Although on its way to bounce back, the path to economic recovery remains "bumpy," the Bangko Sentral ng Pilipinas said late Wednesday. Read more »

Economy 'unlikely' to grow by 6 to 7 pct this year

ABS-CBN News
Updated as of Aug 18 01:04 PM

The Philippine economy is "unlikely" to meet the government's growth target of 6 to 7 percent this year due to the recent COVID-19 surge and supply chain disruptions, among others, Oxford Economics said Wednesday. Read more »

The Infrastructure Illusion

Dean Dela Paz
Posted at Aug 18 02:10 AM

To establish infrastructure accomplishments against GDP in time for 2022 is illusional. Note the actual data. Read more »

Gov't to seek biggest ever national budget for 2022

Jamaine Punzalan, ABS-CBN News
Updated as of Aug 17 06:38 PM

The government will seek the highest ever national budget at P5.024 trillion for 2022, Malacañang said on Tuesday. Read more »

PH recession ends with growth spike, but full recovery far off

Warren de Guzman and Edson Guido, ABS-CBN News
Updated as of Aug 10 04:50 PM

Economic growth in the Philippines spiked to 11.8 percent in the second quarter of 2021, in spite of a return to tighter quarantine restrictions amid the worst spike in COVID-19 cases yet in the country. Read more »

Philippine economy grows 11.8 percent in Q2

ABS-CBN News
Updated as of Aug 10 03:14 PM

The Philippine economy emerged from recession after its gross domestic product grew by 11.8 percent in the second quarter, the state statistics bureau said Monday. Read more »

Interest rate adjustment, RRR cut untimely: BSP

ABS-CBN News
Updated as of Aug 09 03:50 PM

Raising key borrowing rates and reducing the reserve requirement for banks at this time is "untimely" and would be counterproductive in fostering economic growth, Bangko Sentral Governor Benjamin Diokno said Monday. Read more »

NEDA: ECQ to cost Philippine economy P150 billion per week

ABS-CBN News
Updated as of Aug 07 04:35 AM

Chua said the lockdown will affect "more than 600 thousand workers and will increase the number of the poor by about 250,000." Read more »

Positive growth for PH economy possible in Q2

ABS-CBN News
Posted at Aug 06 01:08 PM

The Philippine economy could post double digit positive growth in the second quarter but more growth is needed to go back to pre-pandemic level, an economist said Thursday. Read more »

Any COVID lockdown extension a risk to Philippine economic growth prospect: analyst

ABS-CBN News
Posted at Aug 02 11:45 AM

The Philippine economy could grow by 5.3 percent this year but a further extension to the new Delta lockdown could hurt prospects, Fitch Solutions said Monday. Read more »

Recovery delays could prompt a 'relook' of PH credit rating: Moody's

ABS-CBN News
Posted at Jul 30 01:19 PM

If more COVID-19 lockdowns in the Philippines lead to delays in economic recovery then Moody's Investor Service will be promoted to "relook" at its rating level, its official said Friday.  Read more »

Duterte says tax reforms boosted growth before COVID-19 hit

ABS-CBN News
Updated as of Jul 26 08:01 PM

The tax reforms passed by Congress helped drive economic growth before the arrival of the COVID-19 pandemic, President Rodrigo Duterte said on Monday during his last State of the Nation Address.  Read more »

Duterte admin's job creation lowest among presidents after Marcos: think-tank

ABS-CBN News
Posted at Jul 26 10:58 AM

President Rodrigo Duterte will leave behind a legacy of a weak economy and lowest job creation among administrations after Martial Law if he would not acknowledge this in his final year, a think-tank said Monday. Read more »

Jobs are top of mind for Filipinos on eve of Duterte's final SONA: Pulse Asia

ABS-CBN News
Updated as of Jul 26 11:59 AM

The survey, conducted last June 7-16, 2021, showed "Creating more jobs or livelihood" as the top issue for Filipinos at 38 percent, followed by "Improving the national economy" at 35 percent, and "Controlling inflation" at 33 percent.  Read more »