philippine-economy | ABS-CBN News

Marcos signs executive order creating inter-agency committee on inflation

Raffy Cabristante, ABS-CBN News
Updated as of May 29 08:54 AM

President Marcos Jr. has ordered the creation of a body to directly address inflation, an issue that has hounded his administration since last year. Read more »

DTI says AI can contribute $92 billion to PH economy

Jekki Pascual, ABS-CBN News
Posted at May 16 03:55 PM

Trade Undersecretary Rafaelita Aldaba said AI will contribute $92 billion to the GDP in 7 years. Read more »

PH on track for 6 to 7 pct GDP growth for 2023: Diokno

ABS-CBN News
Posted at May 11 01:05 PM

The Philippines is on track to meet its 6 to 7 percent growth target this year, Finance Secretary Benjamin Diokno said on Thursday. Read more »

Philippine GDP grows 6.4 percent in first quarter of 2023

ABS-CBN News
Updated as of May 11 09:31 PM

The Philippine economy expanded 6.4 percent in the first quarter of 2023, the slowest following 7 quarters of above 7 percent growth, the PSA said. Read more »

Economic managers raise 2023 inflation forecast, keep growth outlook

ABS-CBN News
Posted at Apr 24 11:15 PM

Philippine economic managers bared an elevated inflation forecast amid rising commodity prices. Read more »

PH economic performance impresses US business leaders

ABS-CBN News
Posted at Apr 13 11:10 PM

Economic managers from the Philippines presented the country’s growth credentials to American business leaders in Washington, D.C. Read more »

Underemployment rate eases, jobless rate steady in February

ABS-CBN News
Updated as of Apr 12 12:37 AM

The Philippines' unemployment rate was steady in February while the underemployment eased, the state statistics bureau said on Tuesday. Read more »

PH economy seen to grow 6 pct in 2023 despite elevated inflation: ADB

Jessica Fenol, ABS-CBN News
Posted at Apr 04 08:55 AM

The Philippine economy is expected to grow moderately at 6 percent in 2023 despite elevated inflation, which is slower than the above-target outturn in 2022, the Asian Development Bank said on Tuesday. Read more »

Philippine economy likely to expand by 5.5 percent in 2023, says Fitch

ABS-CBN News
Posted at Mar 08 10:18 AM

The Philippine economy is expected to stay resilient this year, Fitch Ratings Director For Asia Pacific Banks Tamma Febrian said. Read more »

PSEi ends week higher amid hawkish tone from Fed

ABS-CBN News
Posted at Mar 04 01:25 AM

The Philippine Stock Exchange index caps the week higher due to a less hawkish tone from a U.S. Federal Reserve official. Read more »

PSEi ends week in green amid MSCI rebalancing news

ABS-CBN News
Posted at Feb 11 03:22 AM

The Philippine Stock Exchange index ended the week in the green as investors digested the latest MSCI rebalancing news. Read more »

PH economy may 'slip' below target in 2023: ING Bank

Jessica Fenol, ABS-CBN News
Updated as of Feb 09 01:03 PM

The Philippine economy is expected to grow by 5 percent in 2023, lower than the government target and the pent up demand-driven expansion last year due to existing headwinds and as consumers refocus on building their savings, ING Bank Manila said on Thursday. Read more »

PSEi rises above 7,000 as PH peso strengthens vs USD

ABS-CBN News
Posted at Feb 04 01:27 AM

Philippine markets saw a strong close on Friday with the PSEi rising back above the 7,000 level and the Philippine peso strengthening against the US dollar. Read more »

Philippine economy seen to grow 6.2 percent in 2023: Citi economist

Jessica Fenol, ABS-CBN News
Posted at Feb 01 03:04 PM

The Philippine economy is expected to post a robust growth in 2023 but slower than the above-target expansion last year, an economist said on Wednesday. Read more »

Philippine economic growth likely hit target of 7.5 percent in 2022: economist

ABS-CBN News
Posted at Jan 25 11:33 AM

The Philippine economic growth could have reached the target of 7.5 percent in 2022, with the fourth quarter growth pegged at 6.8 percent, according to Security Bank AVP and Chief Economist Dan Roces. Read more »

PH shares slump despite surge in Asian markets

ABS-CBN News
Posted at Jan 21 12:26 AM

Optimism over China's economic revival pushes Asian markets higher ahead of the lunar new year. Read more »

AMRO cuts PH growth, raises inflation forecast for 2023

Warren De Guzman, ABS-CBN News
Posted at Jan 17 02:41 PM

The ASEAN+3 Macroeconomic Research Office on Tuesday downgraded its forecast for the Philippine economic growth this year while raising its inflation estimates. Read more »

Palace says PH growth likely exceeded target in 2022

ABS-CBN News
Updated as of Jan 17 04:13 PM

Philippine economic growth likely exceeded the target of 6.5 to 7.5 percent in 2022, the Presidential Communications Office said on Tuesday. Read more »

Philippine economy seen to grow by 5.5 pct in 2023

ABS-CBN News
Posted at Jan 11 11:07 AM

The Philippine economy is seen to grow by 5.5 percent this year as laggard industries during the pandemic continue to pick up, an economist said. Read more »

PH gov't eyes fostering inclusive economic growth: NEDA

ABS-CBN News
Updated as of Jan 09 01:41 PM

The newly released Philippine Economy Development Plan aims to foster growth that's inclusive and will benefit every Filipino, National Economic and Development Authority Secretary Arsenio Balisacan said on Monday. Read more »