Economy to grow 6.8%-7.2% this year

January 16, 2019
The Philippine economic growth trajectory is expected to pick up this year, growing between 6.8 percent and 7.2 percent on an upturn in consumption spending amid improving inflation outlook, the First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said Tuesday.

Local carmakers’ sales down 16%

January 15, 2019
The overall sales of local carmakers dropped by 16 percent in 2018, greater than its projected 14-percent decline for the year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) reported.

No letup in anti-inflation drive

January 07, 2019
The government’s economic managers on Friday vowed to continue working towards further reining in the prices of commodities, even as the country’s inflation rate has already declined to a seven-month low of 5.1 percent in December.

Department of Budget and Management assures budget for Q1

January 04, 2019
A US government-style shutdown is highly unlikely here, even while the Philippine government’s proposed 2019 national budget remains pending before Congress, with the Department of Budget and Management directing state agencies to obligate their first quarter funding requirements.

Offshore bond feat shows confidence in Duterte

January 03, 2019
Economic managers said the Philippines’ successful bond issuances in the offshore bond markets in 2018 underscored the strong confidence of the international business community in the country’s growth narrative under President Rodrigo Duterte's watch.

Biz groups bullish as year ends on stable note

January 02, 2019
International Chamber of Commerce Philippines (ICCP) founder and chairman Francis Chua said the economy faced headwinds in the early part of the year such as the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, rising world oil prices, inflation, and interest rates, and challenges in the tourism and agriculture sectors, among others.

Residential real estate prices up 4.4% in Q3

January 02, 2019
Residential real estate prices were higher by 4.4 percent year-on-year in Q3 2018 as the Residential Real Estate Price Index (RREPI) increased to 116.5 from 111.6 for the same quarter a year ago, the Bangko Sentral ng Pilipinas (BSP) revealed in a statement over the weekend.