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Growth to remain below target — BMI

By Melissa Luz T. Lopez Senior Reporter BMI RESEARCH has raised its growth forecast for the Philippines, but still expects that the pace will log below the government’s full-year goal amid softer private investments and tighter financial conditions. The Fitch unit now sees 2018 gross domestic product (GDP) growth at 6.5%, faster than their previous […] The post Growth to remain below target — BMI appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineMay 17th, 2018

IMF sees 2017 PHL growth on target

THE INTERNATIONAL Monetary Fund (IMF) expects the Philippines to remain among Asia’s growth leaders in 2017 on the back of increased public spending and a recovery in exports, its country official said, even as he stressed the need to legislate tax reforms to support the government’s aggressive fiscal plans......»»

Category: newsSource:  bworldonlineRelated NewsJan 16th, 2017

Front Page: IMF sees 2017 PHL growth on target

THE INTERNATIONAL Monetary Fund (IMF) expects the Philippines to remain among Asia's growth leaders in 2017 on the back of increased public spending and a recovery in exports, its country official said, even as he stressed the need to legislate tax reforms to support the government's aggressive fiscal plans......»»

Category: financeSource:  bworldonlineRelated NewsJan 16th, 2017

MPIC power businesses target 1,600-MW hike in capacity by 2022

THE power units of Metro Pacific Investments Corp. (MPIC) will be expanding their capacity by around 1,600 megawatts (MW) until 2022, with plans to invest around P30 billion during the period. “We continue to find ways to develop at least 1,500 megawatts of additional generational capacity by 2021. While we remain committed to clean coal, […] The post MPIC power businesses target 1,600-MW hike in capacity by 2022 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 18th, 2018

Higher coal prices seen to lift SMPC profit this year

By Victor V. Saulon, Sub-Editor SEMIRARA MINING and Power Corp. (SMPC) expects its full-year 2018 net income to remain positive, with coal sales offsetting the “downward pressure” on its power generation business, company officials said. Junalina S. Tabor, SMPC chief finance officer, told reporters last Friday that growth this year would be driven by projections […] The post Higher coal prices seen to lift SMPC profit this year appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

Philippine economy grows 6.8% in the first quarter

DUBAI: The Philippine economy grew by 6.8 percent in the first quarter, on par with expectations but short of the government's growth target of between 7 percent to 8 percent for 2018. 'T.....»»

Category: newsSource:  manilanewsRelated NewsMay 11th, 2018

Inflation spoils 6.8% growth in Q1

  High consumer prices weighed down Philippine economic growth in the first quarter to 6.8 percent, or below government's full-year target, the country's chief economist said on Thursday.   While the country remained among the fastest-growing economies in the region, the gross domestic product (GDP) could have expanded by nearly 7.5 percent year-on-year had inflation not risen beyond the target, according to Socioeconomic Planning Secretary Ernesto M. Pernia.   "So inflation is the spoiler," Pernia said at a press conference.   The first-quarter GDP growth was nevertheless slightly higher than the 6.4 percent posted in the same period last yea...Keep on reading: Inflation spoils 6.8% growth in Q1.....»»

Category: newsSource:  inquirerRelated NewsMay 10th, 2018

Bangko Sentral lifts key rates to curb inflation

For the first time in nearly four years, the Bangko Sentral ng Pilipinas on Thursday lifted key rates to tame rising consumer prices, which may still overshoot the government’s target range despite strong economic growth......»»

Category: newsSource:  philstarRelated NewsMay 10th, 2018

PH GDP expands 6.8% in Q1

The Philippine economy expanded 6.8 percent in the first quarter of 2018, slightly lower than the full-year growth target but remained among the fastest in Asia, the National Economic and Development Authority (NEDA) reported on Thursday. The January-to-March quarter gross domestic product (GDP) was faster than the growth recorded in the first and fourth quarter […].....»»

Category: newsSource:  metrocebuRelated NewsMay 10th, 2018

IMF expects elevated inflation until 2019

By Melissa Luz T. Lopez Senior Reporter THE International Monetary Fund (IMF) expects Philippine inflation to remain elevated until 2019, and is even expecting price increases to overshoot the central bank’s target this year. “The inflation forecasts have been updated using the 2012 basket. They are 4.2% for 2018 and 3.8% for 2019,” IMF country […] The post IMF expects elevated inflation until 2019 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 8th, 2018

IMF sees Philippine inflation to remain above 4% until 2019

The International Monetary Fund (IMF) expects Philippine inflation to remain elevated until 2019, and is even expecting price increases to overshoot the central bank’s target this year. Inflation is seen to hit 4.2% this year using 2012 prices, IMF country representative Yongzheng Yang said via e-mail. If realized, this will log higher than the 2-4% […] The post IMF sees Philippine inflation to remain above 4% until 2019 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2018

7% GDP growth in Q1 likely

Economic growth in the first quarter could have hit 7 percent, or the lower end of the government's target range for the year, amid strong spending on public goods and services even as high in.....»»

Category: newsSource:  philippinetimesRelated NewsMay 7th, 2018

PHL to remain growth leader in Asia

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES is expected to remain a growth leader in Asia-Pacific, a regional think tank said, even as it flagged that the entire region could be threatened by a looming trade dispute with the United States. The ASEAN+3 Macroeconomic Research Office (AMRO) sees Southeast Asian economies as well […] The post PHL to remain growth leader in Asia appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 3rd, 2018

Asean economic think tanks keeps 2-yr PH growth forecasts

AN Asean+3 think tank is keeping its Philippine gross domestic product (GDP) growth forecasts at 6.8 percent for this year and 6.9 percent for 2019, with exports and government spending being the growth drivers. “The Philippines economy is forecast to grow by 6.8 percent in 2018 as exports remain buoyant and hurdles to budget execution [...] The post Asean economic think tanks keeps 2-yr PH growth forecasts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 3rd, 2018

ADB has key role in PHL growth-experts

ALF a century ago, the 'forces working for cooperation and fraternity between nations' were never underestimated. Fifty-one years later, they remain so, as the Asian Development Bank'.....»»

Category: newsSource:  manilanewsRelated NewsMay 3rd, 2018

Cebu Pacific aims to fly 22 Million passengers in 2018

The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB) aims to fly 22 Million passengers in 2018, aligned with the increase in domestic and international inbound tourists. The target is 12% over the actual number of passengers flown in 2017. For the full year of 2017, Cebu Pacific flew 19.7 Million passengers, up 3% year-on-year. Growth in domestic travel was relatively flat year-on-year. However, the number of international passengers expanded almost 8% in 2017, with strong performance in key markets like Sydney, Dubai, Hong Kong, Narita, Taipei and Incheon......»»

Category: newsSource:  kagay_anRelated NewsApr 25th, 2018

Economic managers tweak PH forex, fiscal assumptions

Economic managers see no need to revise growth and inflation expectations but other macroeconomic assumptions, particularly the peso-dollar rate and fiscal projections, have been adjusted to take latest developments into account. The interagency Development Budget Coordination Committee (DBCC), in a meeting on Tuesday, decided to keep the official gross domestic product (GDP) target at 7.0-8.0 [...] The post Economic managers tweak PH forex, fiscal assumptions appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 25th, 2018

BSP likely to tighten monetary policy in Q2 — report

There is a high probability that the Bangko Sentral ng Pilipinas will lift policy rates in the second quarter, with inflation seen piercing the government’s target despite bullish growth outlook for the Philippine economy, a research firm said......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2018

BSP seen to raise rates in second quarter as inflation surges

The Bangko Sentral ng Pilipinas (BSP) could consider raising rates this quarter as inflation maintains its ascent, an economic research firm said, against the backdrop of faster economic growth. “With inflation breaching the 4% upper limit of the BSP target, it is now more likely that the Monetary Board will raise its policy rates by […] The post BSP seen to raise rates in second quarter as inflation surges appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 24th, 2018

Moody’s Analytics sees faster Q1 growth

By Melissa Luz T. Lopez Senior Reporter ECONOMIC GROWTH likely picked up pace last quarter though still slower than 2018’s full-year target, Moody’s Analytics said, citing improving exports that added to the boost from upbeat consumer spending and investments. Philippine gross domestic product (GDP) likely grew by 6.8% year-on-year, the sister company of Moody’s Investors […] The post Moody’s Analytics sees faster Q1 growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 22nd, 2018

Furniture makers seek expansion in Asean markets

Local furniture manufacturers are looking to tap new overseas markets, particularly in Southeast Asia, to support the sector’s exports sales growth target of at least 10 percent this year......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2018