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Growth expected to hit 7% in 2018

Economic growth could pick up to 7.0-7.2 percent this year on the back on higher infrastructure and consumer spending as a result of a new tax reform law, a unit of Bank of the Philippine Islands (BPI) said on Friday. “We are extremely optimistic of the growth of the Philippine economy,” BPI Asset Management and [...] The post Growth expected to hit 7% in 2018 appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netJan 12th, 2018

PH Growth 2nd Fastest in Southeast Asia: ADB

The Philippines is expected to become the second fastest growing economy in Southeast Asia after Vietnam over the next years, supported by robust public and private investment, the Asian Development Bank (ADB) said. In a supplement to its Asian Development Outlook 2018 Update report released on Wednesday, the ADB maintained its economic growth outlook for […].....»»

Category: newsSource:  metrocebuRelated NewsDec 15th, 2018

World Bank projects growth in remittances to PH slowing to 2.8%

The Philippines is expected to remain among the biggest destinations of remittance flows this year even as the World Bank projected slower growth due to the repatriation of overseas Filipino workers (OFWs) from the Middle East.   In its December 2018 Migration and Remittances: Recent Developments and Outlook report, the Washington-based multilateral lender said the top remittance-receiving countries would be India ($79.5 billion), China ($67.4 billion), the Philippines and Mexico (both $33.7 billion), Egypt ($25.7 billion), and Nigeria ($25.1 billion).   Also among the 10 countries seen receiving the largest remittance flows in 2018 were Pakistan ($20.9 billion), Uk...Keep on reading: World Bank projects growth in remittances to PH slowing to 2.8%.....»»

Category: newsSource:  inquirerRelated NewsDec 14th, 2018

DTI expects total exports growing by 10% for 2018

The Department of Trade and Industry expects the country’s exports of goods and services to rise by nearly 10 percent to as much as $87.8 billion this year, with growth expected from both sectors......»»

Category: financeSource:  philstarRelated NewsDec 7th, 2018

India is the fastest growing Asian economy

NEW DELHI --- India continues its strong economic performance with Asian Development Bank projecting the highest GDP growth rate of 7.3 percent in 2018, which was comparatively less in 2017 (6.7 percent). 'Export expansion, rising domestic consumption, strong investment fueled by FDI, and a strengthening agriculture sector' will propel Vietnam's GDP to 7.1 percent. The country has seen significant improvement and the growing robust workforce of the country has been instrumental in the country's growth. Bhutan, a country that has built its economy on clean energy generation is expected to see a surge in GDP With 7.1 percent in 2018. The boost from farm and industrial ...Keep on reading: India is the fastest growing Asian economy.....»»

Category: newsSource:  inquirerRelated NewsNov 4th, 2018

World Bank cuts 2018 PH forecast

The World Bank has joined other multilateral organizations in cutting growth forecasts for the Philippines, on Thursday announcing changes to its 2018 outlook given above-target inflation and rising global uncertainties. The Washington-based lender, in its Philippines Economic Update, said it now expected the country to post gross domestic product growth (GDP) of 6.5 percent this [...] The post World Bank cuts 2018 PH forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 4th, 2018

IMF cuts PH GDP growth forecast

AFP FILE PHOTO Due to slower-than-expected second-quarter expansion, the International Monetary Fund (IMF) has cut its 2018 gross domestic product (GDP) growth projection for the Philippines to 6.5.....»»

Category: newsSource:  philippinetimesRelated NewsSep 30th, 2018

IMF cuts PH growth forecast

Due to a slower-than-expected second-quarter expansion, the International Monetary Fund has cut its 2018 gross domestic product (GDP) growth projection for the Philippines to 6.5 percent. In a pres.....»»

Category: newsSource:  philippinetimesRelated NewsSep 30th, 2018

ADB lowers PH growth forecasts

The Asian Development Bank has cut its growth forecasts for the Philippines for the next two years and raised inflation projections for 2018 and 2019 as recent moves to temper high consumer prices would take time to show results.   Notwithstanding the expected slower gross domestic product (GDP) growth amid elevated prices, Kelly Bird, the ADB's country director for the Philippines, highlighted a more investment-led Philippine economy, which he said augured well to sustaining expansion in the medium term.   In its Asian Development Outlook 2018 Update report released Wednesday, the Manila-based lender downgraded its 2018 GDP growth projection for the Philippines to ...Keep on reading: ADB lowers PH growth forecasts.....»»

Category: newsSource:  inquirerRelated NewsSep 27th, 2018

Growth forecast cut; slowdown expected

PH economic expansion to ease this year up to 2020 – ANZ Research An Australia-based research firm has cut its 2018 growth forecast for the Philippines and expects a slowdown moving forward as a result of monetary policy tightening. In a report released on Tuesday, ANZ Research said it now expected Philippine gross domestic product… link: Growth forecast cut; slowdown expected.....»»

Category: newsSource:  manilainformerRelated NewsSep 25th, 2018

Growth forecast cut; slowdown expected

PH economic expansion to ease this year up to 2020 – ANZ Research An Australia-based research firm has cut its 2018 growth forecast for the Philippines and expects a slowdown moving forward as a result of monetary policy tightening. In a report released on Tuesday, ANZ Research said it now expected Philippine gross domestic product [...] The post Growth forecast cut; slowdown expected appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 25th, 2018

Beauty buffs are driving a booming skincare industry in the UK

British women are spending more than ever on skincare, according to new research. A report from market research company Mintel has found that British women spent a whopping 1.15 billion (approximately $1.46 billion) on facial skincare in 2017, a figure that is expected to climb to 1.18 billion for 2018. By 2023, Mintel expects the industry to increase by 15 percent to reach a value of 1.36 billion (approximately $1.73 billion). Cleansing appears to be one of the main product categories driving the growth. At least 92 percent of British women currently use facial cleansers, be it face wash (55 percent), wipes (54 percent) or micellar water (27 percent). The proportion of women u...Keep on reading: Beauty buffs are driving a booming skincare industry in the UK.....»»

Category: newsSource:  inquirerRelated NewsAug 13th, 2018

ING Bank cuts Phl GDP growth forecast

Dutch financial giant ING Bank is painting a gloomier picture of the Philippine economy, slashing its 2018 growth forecast to 6.3 percent from the original forecast of 6.8 percent after a slower-than-expected expansion in the second quarter......»»

Category: financeSource:  philstarRelated NewsAug 12th, 2018

Fitch Solutions cuts PH growth forecast

Another 25-bps policy rate hike expected before yearend A Fitch Group unit has cut its 2018 growth forecast for the Philippines following a substantial second-quarter slowdown, also warning of continued headwinds amid government claims of a production-led recovery in the months ahead. In a report released on Friday, Fitch Solutions (formerly BMI Research) said it now [...] The post Fitch Solutions cuts PH growth forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 11th, 2018

World Bank keeps PH growth forecasts at 6.7%

The World Bank is keeping its 2018 and 2019 growth forecasts for the Philippines at 6.7 percent, with higher state spending expected to provide a buffer against rising global uncertainties. In a statement on Friday, the multilateral institution said it had re-examined the expected drivers of gross domestic product (GDP) growth — used as the [...] The post World Bank keeps PH growth forecasts at 6.7% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 13th, 2018

WB maintains Philippine growth forecast

THE World Bank sees stronger growth during the second half of 2018 on the back of stronger public spending, with the Philippine economy expected to sustain its pace despite global headwinds......»»

Category: financeSource:  bworldonlineRelated NewsJul 13th, 2018

Macro imbalances ‘likely to intensify’

Inflation, trade deficit to expand as PH growth stays strong – ANZ Research Strong Philippine economic growth has resulted in persistent macro imbalances, Australia’s ANZ Research said, the most telling of which have been higher inflation and a wider trade deficit. “With growth expected to remain high at 6.8 percent in 2018, macro imbalances are… link: Macro imbalances ‘likely to intensify’.....»»

Category: newsSource:  manilainformerRelated NewsJul 9th, 2018

Macro imbalances ‘likely to intensify’

Inflation, trade deficit to expand as PH growth stays strong – ANZ Research Strong Philippine economic growth has resulted in persistent macro imbalances, Australia’s ANZ Research said, the most telling of which have been higher inflation and a wider trade deficit. “With growth expected to remain high at 6.8 percent in 2018, macro imbalances are [...] The post Macro imbalances ‘likely to intensify’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 9th, 2018

Textile industry in Vietnam expects high growth rate

HANOI --- The textile and apparel industry has been forecast to have one of Vietnam's highest growth rates over the next 12 years. It's expected the business will grow by 14 percent over the next two years and a further 10 percent up to 2030. Speaking at the 4th Vietnam Textile Summit 2018 held in Hanoion Wednesday, Dr. Tran Du Lich said he believed the future would be bright. "Garment and textile is a key economic sector in terms of employment creation and contribution to exports. It creates 20 percent of jobs in Vietnamese industry," said Lich. This sector has the second highest export turnover and occupies the fifth position in the world. Last year saw goods worth more than US$3...Keep on reading: Textile industry in Vietnam expects high growth rate.....»»

Category: newsSource:  inquirerRelated NewsJul 1st, 2018

Govt committed to support MSME growth

The Philippines is on track to be one of the fastest growing economies in the Southeast Asia region with the World Bank forecasting its real GDP to grow at a rate of 6.7% for 2018 and 2019. This expansion is expected to be leveraged by the manufacturing and services sectors, supported by rising external demand [...] The post Govt committed to support MSME growth appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 30th, 2018

E-commerce growth expected to drive more brick-and-mortar businesses to the Philippines

By Krista Angela M. Montealegre National Correspondent EXPECT more global brands to find their way to Philippine shores, as traditional brick-and-mortar stores struggle in more advanced economies because of the growth of e-commerce. At the Philippine Retail Summit 2018 in Taguig City on Thursday, Trade Undersecretary Zenaida C. Maglaya said foreign retailers will set up […] The post E-commerce growth expected to drive more brick-and-mortar businesses to the Philippines appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 24th, 2018