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ADB: Infrastructure, digitization to push Asia’s economic growth

By Melissa Luz T. Lopez Senior Reporter ASIAN ECONOMIES enjoy robust growth but need fresh approaches in order to provide better lives for all, the Asian Development Bank (ADB) said ahead of its annual meeting this week, with Manila’s infrastructure push and digitization boom capturing the region’s progress. The ADB will gather leaders and experts […] The post ADB: Infrastructure, digitization to push Asia’s economic growth appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMay 1st, 2018

ADB sees Philippines still outdoing comparable major Asian economies

THE PHILIPPINES will continue to outdo most of its Asia-Pacific counterparts this year and next as a strong infrastructure push adds to “robust domestic demand” that has long been a driver of economic growth, according to an Asian Development .....»»

Category: newsSource:  bworldonlineRelated NewsDec 13th, 2016

FMIC, UA& P forecast Q2 growth of ‘at least 7%’

Second quarter economic growth will likely pick up to “at least 7 percent” given latest developments, First Metro Investments Corp. and the University of Asia and the Pacific said. “Muscular real economy indicators, like bulked-up growth in infrastructure spending, capital goods imports and manufacturing ouptput, and foreign direct investments should carry the economy to faster [...] The post FMIC, UA&P forecast Q2 growth of ‘at least 7%’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 23rd, 2018

Infrastructure seen to push GDP growth to 7%

The Philippines is set to achieve a faster economic growth of close to seven percent due to the government’s massive infrastructure build up under the Build Build Build program, Standard Chartered Bank said......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2018

S& P bullish on PH growth prospects

The growth outlook for the Philippines in the near term remained strong on the back of stable economic, fiscal and monetary policies, favorable demographics, its ambitious infrastructure program, as well as the comprehensive tax reform, debt watcher S&P Global Ratings said yesterday. "Growth-wise, the Philippines in the past two years has actually been stellar. In terms of the outlook for the next two years, we think that 6.5 percent and above as a pace of growth is actually very easily achievable," S&P Asia-Pacific economist Vincent Conti said in a webcast. The government is targeting a 7- to 8-percent growth yearly in the medium term after the economy expanded by 6.7 perc...Keep on reading: S&P bullish on PH growth prospects.....»»

Category: newsSource:  inquirerRelated NewsJul 4th, 2018

WB sees Ph sustaining 6.7% growth

The World Bank expects the Philippines to sustain stable economic growth this year and the next, noting the country should invest more in infrastructure and human capital to achieve further growth. In its East Asia and Pacific Economic Update released on Thursday, the Bank said the Philippine gross domestic product….....»»

Category: newsSource:  journalRelated NewsApr 17th, 2018

WB Sees PH Sustaining 6.7% GDP Growth

The World Bank (WB) expects the Philippines to sustain stable economic growth this year and the next, noting the country should invest more in infrastructure and human capital to achieve further growth. In its East Asia and Pacific Economic Update released on Thursday, the Bank said the Philippine gross domestic product (GDP) is projected to […].....»»

Category: newsSource:  metrocebuRelated NewsApr 14th, 2018

WB sees PHL sustaining growth pace

By Elijah Joseph C. Tubayan Reporter THE WORLD Bank sees the Philippines sustaining last year’s economic growth pace well into 2019, but said much depends on “timely” government spending on infrastructure as well as a close watch on rising inflation pressures and the risk of overheating. The World Bank’s East Asia and Pacific Economic Update […] The post WB sees PHL sustaining growth pace appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 13th, 2018

ADB maintains bullish outlook for Philippines

THE ASIAN Development Bank (ADB) sees the Philippines sustaining its upward economic growth trajectory on the back of the government’s push for large-scale infrastructure projects. In its flagship Asian Development Outlook 2018 report, the regional lender projected the country’s gross domestic product (GDP) growth at 6.8% this year, steady from its December projection, and expects […] The post ADB maintains bullish outlook for Philippines appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 11th, 2018

Growth mainstays in focus for 2018

By Melissa Luz T. Lopez Senior Reporter STRONGER consumption coupled with the government’s infrastructure push will drive economic growth this year, S&P Global Ratings said, as exports are likely to normalize from last year’s record pace. “After strong export contributions in the middle of 2017, we expect the traditional pillars of growth — consumption and […] The post Growth mainstays in focus for 2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 20th, 2018

‘Grand Deception’ by Jun Ledesma

Letters From Davao: WHEN RAPPLER through its President, Maria Ressa, was caught trifling with an important tenet in the Philippine constitution that mandates that Philippine media should be 100% owned by Filipinos the Securities and Exchange Commission ordered it closed. Rappler was parading like it is wholly owned by Filipinos but turned out it accepted investment from Omidyar Network (ON) which is known for its notoriety in destabilizing heads of state that are not docile to America. It tried deception by claiming that the Philippine Deposit Receipts it issued to ON money was for philanthropic contribution. The attempt dragged them deeper in shit as PDRs are actually commercial instruments. When this trick did not work, Ressa again tried another act this time claiming that Omidyar signed a waiver on its veto power. Again this did not pass scrutiny of the SEC because the said waiver was discovered to be just a scrap of paper as the document was not notarized.  Running out of deceptive tricks Ma. Ressa went berserk when she was served the closure order and went about town crying her freedom is being curtailed by Pres. Rodrigo Duterte no less. Her partner Pia Ranada did the same screaming she will be jailed by Duterte’s military. The grandstanding, it was obvious, was to stonewall the criminal violation they committed and to paint Rappler and its staff headed by Ressa as victims of oppression and dictatorial regime of Duterte. Contrary to its claim that they have lost their freedom of expression, more than ever Rappler had increased the crescendo of its unfettered attack on no less than the President Duterte himself. Ressa spearheaded a Black Friday movement supported by a handful of students from where else by the University of the Philippines campus and the usual garrulous but moribund Liberal Party stalwarts headed by VP Leni Robredo. They were joined in by UN Rapporteur Agnes Callamard and her local counterpart Chito Gascon in denouncing the Duterte government for curtailing the freedom of the press. Other foreign-funded media outfits joined the fray for obvious reason.  Theirs is a cacophony of ridiculous chants. Robredo warned that the closure of Rappler is a symptom of a dark future of the country. The juvenile delinquents in the UP campus joined pipsqueak assemblies with screaming placards denouncing Pres. Duterte and his “malignant forces that continue to peddle lies to justify their tyranny and dictatorship”.  They cut classes to face the TV cameras and klieg lights unmindful of yet another spectacular grade the survey firms Social Weather Station and Pulse Asia showing an “excellent” grade on the sustained trust and popularity of the nation on Duterte which they had been flagellating no end.  No one seems to mind their issue about tyranny and dictatorship as the World Bank grudgingly declared that “DDS killed democracy in the Philippines but they haven’t killed the country’s vibrant economy”.  Forbes, an international business magazine, likewise quoted WB on its Global Economic Prospects, which asserts that “Duterte Philippines is the 10th fastest growing economy in the world”.  The statistics is a slap on the face of VP Robredo who remains to be an incurable pessimist despite the figures that cannot lie. She continues to see the future of the Philippines in dark glasses forgetting that she is a Vice President and therefore should have celebrated with the rest for the gains that the country achieved. For her part, Maria Ressa simply ignored what Forbes and WB declared.  Maybe out of outrage that the Robredo seemed to be out of sync and blinded by sheer politicking and negativism, UP Political Science professor and political analyst, Clarita Carlos,  made a five-worded message to The Vice President thus: “President Duterte moves the Philippines forward”. To those who denigrate Duterte from cutting the country’s umbilical cord to America, Professor Carlos had this to say. “Duterte has moved the Philippines away from the usual foreign policy and in turn ‘defined national interest’ by tracking his own way of foreign policy”. She admired Duterte for his political guts and courage.  It is indeed pathetic that while the Philippines rise several notches higher in political and economic arena the opposition and the foreign-aided media outfits shamelessly continue to belittle these achievements. It is no small feat that Philippines came out stronger in economic growth than China in the 3rd quarter of 2017. On the 4th quarter moreover China rallied (6.9%) and landed on top of Asian countries followed by Vietnam (6.8) and Philippines 6.7%. The Philippines however has been growing more than 6% for nine consecutive quarters and that sustained growth is best among Asean nations. Any which way you look at it, that spells economic stability and investment grade for investors service firms like Moody’s and other international credit rating institutions. Cause and effect is a simple gauge to measure the impact of the tyranny and dictatorial regime that Rappler and its sympathizers have been accusing the Duterte regime. But as I always say, no one can quarrel with success especially when institutions of unquestionable stature put the positive figures across. Expect the economy to grow even faster in 2018 when infrastructure spending commences under the Duterte’s Build, Build, Build program. As we all know, the government had earmarked P8.4-trillion to achieve the mega infrastructure projects comprising of railways, highways and bridges, irrigation’s, airports and seaports to name a few. The job opportunities that these programs will generate are equally mind-boggling. […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsFeb 1st, 2018

Spending challenges flagged amid GDP growth

STANDARD CHARTERED Bank sees “steady” Philippine economic growth in 2018 on the back of an infrastructure development push, even as it expects state spending on this item to fall short of target due to local bottlenecks. And with inflation picking up, the bank now expects the Bangko Sentral ng Pilipinas (BSP) to hike policy rates […] The post Spending challenges flagged amid GDP growth appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 24th, 2018

Infra push, education focus seen driving Philippines growth

MANILA, Philippines — The Duterte administration’s focus on infrastructure and education would boost economic growth over the long term, BMI Research said......»»

Category: financeSource:  philstarRelated NewsSep 18th, 2017

Philippines to attract more FDI despite global uncertainties -- BSP

THE CENTRAL BANK expects a fresh high for foreign direct investments (FDI) this year, with strong economic growth prospects and the country’s infrastructure push expected to attract investors to the Philippines despite nagging global uncertainties......»»

Category: newsSource:  bworldonlineRelated NewsJun 19th, 2017

Business optimistic about gov't tax plan

THE DUTERTE administration is on the right track to unlocking faster and more inclusive economic growth, with the business community pledging support for tax reform plans and a more aggressive infrastructure spending push despite nagging concerns......»»

Category: newsSource:  bworldonlineRelated NewsMay 21st, 2017

Central bank poised to hike FDI forecast

THE BANGKO SENTRAL ng Pilipinas (BSP) will likely hike its forecast for foreign direct investments (FDI) this year after hitting a record high in 2016, with robust economic growth and the government’s aggressive infrastructure push seen to attract more capital inflows, central bank officials said last week......»»

Category: newsSource:  bworldonlineRelated NewsMar 20th, 2017

Front Page: Central bank poised to hike FDI forecast

THE BANGKO SENTRAL ng Pilipinas (BSP) will likely hike its forecast for foreign direct investments (FDI) this year after hitting a record high in 2016, with robust economic growth and the government's aggressive infrastructure push seen to attract more capital inflows, central bank officials said last week......»»

Category: financeSource:  bworldonlineRelated NewsMar 20th, 2017

Front Page: Upbeat growth projections mount

HSBC has raised its growth forecast for the Philippines to cement its position as among Asia's fastest-growing economies -- a day after the World Bank and S&P Global Ratings gave a similar picture -- growing more bullish on the back of the government's infrastructure push and ample buffers that will help shield the country from global hiccups......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2017

Asian shares hit one-year low on Turkey, China worries

TOKYO- Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in China fanned worries about global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent, while Japan’s Nikkei and the Australian benchmark […].....»»

Category: newsSource:  interaksyonRelated NewsAug 16th, 2018

Apec trade officials to meet in Port Moresby

BANDAR SERI BEGAWAN --- Trade and sectoral officials from the 21 Asia-Pacific Economic Cooperation (Apec) member economies are convening in Port Moresby in a bid to ease friction over trade in favor of policies that support shared inclusive growth objectives. The Apec Secretariat said that consultations taking place there, over the course of two weeks, aim to foster alignment on barriers to trade and investment in the Asia-Pacific at a policy-making level and strengthen action towards opening digital opportunities for people in all areas of the region. The proceedings will feed a key policy meeting of Apec senior officials onAugust 19-20, helping to determine the scope for potential br...Keep on reading: Apec trade officials to meet in Port Moresby.....»»

Category: newsSource:  inquirerRelated NewsAug 12th, 2018

Oil price hikes, policy tightening slowing growth

An economist from IHS Markit on Thursday said rising world crude prices and the Bangko Sentral ng Pilipinas' (BSP) tightening of monetary policy are slowing down the country’s economic growth. IHS Markit Asia Pacific Chief Economist Rajiv Biswas made the statement, following the release of the gross domestic product (GDP)….....»»

Category: newsSource:  journalRelated NewsAug 12th, 2018