Strong government spending and household consumption continues to be the engine that’s driving the Philippine economy northbound.
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IMF forecasts PHL as 2nd fastest growing economy in the world
The Philippines is viewed to be the second fastest growing economy in the world, and the fastest in South East Asia according to the latest IMF World Economic Outlook.
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ADB: Philippine economy in golden age of growth
The Asian Development Bank is bullish on the Philippines. The Manila-based multilateral lender says the Southeast Asian economy is experiencing a unique period of growth.
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Philippine Economy Expands More Than 6% for Sixth Consecutive Year
by Bloomberg’s Cecilia Yap and Siegfred Alegado The Philippines retained its position as one of the world’s fastest-growing economies after expansion exceeded 6 percent for a sixth consecutive year. Gross domestic product increased 6.7 percent in 2017, the Philippine Statistics Authority said in Manila Tuesday, matching the median estimate in a Bloomberg survey of economists. […]
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Asian Development Bank raises Philippine growth forecast in 2017/18
The Asian Development Bank has upgraded the Philippines growth outlook this year from 6.5% to 6.7% and from 6.7% to 6.8% in 2018. The Manila-based ADB said strong household consumption, manageable inflation and infrastructure investment are the factors for the improving growth data. “The government is on track to achieve its target of spending 5.3 […]
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Philippine economy sizzles in Q3 growing 6.9%, one of Asia’s best
The Philippine economy grew by 6.9% from July to September 2017, beating analysts expectations and overtaking China in growth again. The country’s Q3 Gross Domestic Product (GDP) surpassed the midyear growth rate of 6.5 percent, and the Nomura Securities projection for a 6.7% growth rate. The national statistics agency credited manufacturing, trade, and real estate, […]
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7 Good Reasons to Do Business in the Philippines
The Philippines is no longer the sick man of Asia, and the world’s businesses know it. With the country breaking new records in the stock market, sustaining a rising GDP growth rate, receiving positive international forecasts, and iconic Filipino optimism translating to consumer confidence – global investments are pouring into the country, now touted as […]
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Philippine stock market surges to new all-time high this week
The Philippines is one of the best performing stock markets in Asia, after breaking new record highs two times this week. On Tuesday, the PSEi finished at a fresh record high of 8,312.93. On Wednesday, the benchmark index scaled new heights surpassing the previous day’s high to close at 8,344.05. The investor euphoria continued throughout […]
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PHL economy growth pace quickens to 6.5% in the 2nd qtr
The Philippine economy grew at a sizzling pace in the second quarter, topping expectations due to a government-led construction boom
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Dutch banking giant ING bullish on the PHL economy
Netherlands-based global financial giant ING has projected a positive growth rate for the Philippines under the 6-year term of the Duterte administration.
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Japan’s Nomura upgrades PHL economic growth
The Philippines’ economic growth forecast for the years 2017 and 2018 has been upgraded in the latest Nomura Securities report.
Read more →Fitch affirms PH investment grade rating
Global leader Fitch Ratings has affirmed a rating with a positive outlook for the Philippines’ long term foreign and local currency Issuer Default Ratings (IDRs).
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