ernesto-pernia
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Philippines: Economy likely grew 7% in Q2 – Pernia

MANILA, Philippines – The economy likely grew close to seven percent in the second quarter due to the improving performance of the farm and exports sector, Socioeconomic Planning Secretary Ernesto Pernia said. “I think (gross domestic product growth) will be better (than the first quarter)…I think it will approach seven percent,” Pernia told reporters on […]

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e-money-finance
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Philippines: Modest growth seen in consumer spending

MANILA, Philippines – BMI Research said the positive economic outlook and rising household income is likely to translate to a modest 5.4 percent growth in real consumer spending between 2017 and 2021. In its latest industry trend analysis titled “Modest growth in Philippine consumer spending,” the research arm of the Fitch Group said the projected […]

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gen-dbm
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Philippines: Economic managers retain growth targets

MANILA, Philippines – The government is retaining its economic growth targets over the medium term as it expects the country’s macroeconomic fundamentals to remain stable, the inter-agency Development Budget Coordination Committee (DBCC) said Friday. Budget Secretary and DBCC chairman Benjamin Diokno said gross domestic product (GDP) growth forecast remains unchanged at 6.5 percent to 7.5 […]

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bureau-of-customs
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Philippines: Customs exceeds collection target in May

MANILA, Philippines – The Bureau of Customs (BOC) collected P39.34 billion in May, exceeding the P38.28-billion target for the month, the Department of Finance (DOF) said yesterday. Citing Customs Commissioner Nicanor Faeldon’s report to Finance Secretary Carlos Dominguez, the DOF said the bureau’s collection in May rose by 23.52 percent from the P31.85 billion recorded […]

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japan-exports
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Philippines: Trade deficit narrows in April

MANILA, Philippines – The country’s trade deficit narrowed by 20.5 percent in April on double-digit growth in exports to East Asia and the European Union (EU) , the National Economic and Development Authority (NEDA) said yesterday. Total trade in goods in April rose by 4.6 percent to $11.663 billion from $11.149 billion last year, data […]

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bangko-sentral-ng-pilipinas
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Philippines: Consumer confidence at all-time high in Q2

MANILA, Philippines – Filipino consumers are more optimistic, with the confidence index soaring to a record high in the second quarter, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Rosabel Guerrero, director at the BSP’s Department of Economic Statistics (DES), said results of the second quarter Consumer Expectation Survey (CES) showed the consumer confidence index […]

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