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PH growth to fall below 7-8% target

Duterte comments, policy changes a major concern – Capital Economics Philippine economic growth will likely stay “decent” over the medium term but fall short of the government’s 7.0-8.0 percent target, research consultancy Capital Economics said. In its latest “Emerging Asia Economic Outlook,” the London-based firm forecast gross domestic product (GDP) growth of 6.5 percent for [...] The post PH growth to fall below 7-8% target appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netJul 12th, 2018

World Bank retains below-target forecast for Philippine economy

The World Bank has kept its growth forecast for the Philippine economy that, if realized, will fall below the government’s target for the next few years......»»

Category: financeSource:  philstarRelated NewsJun 6th, 2018

Q2 GDP growth likely on target — Budget chief

ECONOMIC growth likely picked up this quarter to fall within the 7-8% official full-year 2018 target, the Budget chief said on Tuesday, as the Philippine Statistics Authority (PSA) reported that factory output began those three months with its biggest improvement in eight years. The post Q2 GDP growth likely on target — Budget chief appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 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

Fitch Unit revises upward 2018 Philippines growth forecast

MANILA, Philippines - Economic growth is likely to fall below the Duterte administration’s target over the next two years, albeit still at a “respectable” le.....»»

Category: financeSource:  philstarRelated NewsAug 19th, 2017

Weak global demand to drag down exports growth DTI

MANILA, Philippines The Department of Trade and Industry (DTI) expects to fall short of its exports growth target this year but clarifies the slowdown is n.....»»

Category: financeSource:  philstarRelated NewsJul 21st, 2016

World Bank maintains two-year growth forecasts for PH at 6.7%

Despite external shocks, the World Bank is keeping its growth forecasts for the Philippines of 6.7 percent for both this year and next year on the back of robust government spending, especially on infrastructure.   In a statement on Friday, the Washington-based multilateral lender said it was keeping its gross domestic product (GDP) growth projections for the Philippines for 2018 and 2019 "despite rising global uncertainty."   Its forecasts, however, were below the government's target range of 7-8 percent yearly growth from 2018 to 2022.   The Philippine economy grew by 6.7 percent last year, which was among the fastest across emerging Asian economies. ...Keep on reading: World Bank maintains two-year growth forecasts for PH at 6.7%.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

World Bank keeps growth target

World Bank keeps growth target Source link link: World Bank keeps growth target.....»»

Category: newsSource:  manilainformerRelated NewsJul 13th, 2018

World Bank keeps below-target forecast for Philippine economy

The World Bank on Friday retained its growth projections for the Philippine economy that, if realized, will miss the government’s target......»»

Category: newsSource:  philstarRelated NewsJul 13th, 2018

WB sees PH GDP growing 6.7% in 2018-2019 ‘despite rising global uncertainty’

Despite external shocks, the World Bankon Fridaysaid it kept its growth forecasts for the Philippines of 6.7 percent for both this year and next year on the back of robust government spending, especially on infrastructure. In a statement, the Washington-based multilateral lender said it maintained its gross domestic product (GDP) growth projections for the Philippines for the years 2018 and 2019 "despite rising global uncertainty." The World Bank's forecasts were nonetheless below the government's target range of 7-8 percent growth yearly starting this year until 2022. The Philippine economy grew 6.7 percent last year, among the fastest across emerging Asian economies. Revise...Keep on reading: WB sees PH GDP growing 6.7% in 2018-2019 ‘despite rising global uncertainty’.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

Palace unfazed by Duterte’s rating fall

Malacañang was unfazed by a recent survey that showed President Duterte’s satisfaction rating dropping to a new low in the second quarter, but officials vowed to work double-time to attain economic growth and curb the country’s social ills......»»

Category: newsSource:  philstarRelated NewsJul 11th, 2018

Stock market falls 1.56% as inflation tops forecasts

Above-target price growth stokes fears of another BSP rate hike The stock market snapped a four-day recovery on Thursday after higher-than-expected inflation stoked fears of another central bank rate hike. The benchmark Philippine Stock Exchange index (PSEi) plunged by 1.56 percent or 114.85 points to close at 7,233.57, while the wider All Shares declined 1.04 [...] The post Stock market falls 1.56% as inflation tops forecasts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 5th, 2018

May sees infra, other capital outlays rise

INFRASTRUCTURE and other capital outlays continued to surge in May, the Department of Budget and Management (DBM) said on Wednesday, backing projections that gross domestic product (GDP) growth caught up with the official target this quarter......»»

Category: financeSource:  bworldonlineRelated NewsJun 27th, 2018

Electronics industry keeps 5 to 6% growth target

The country’s electronics and semiconductors industry is still optimistic of hitting its growth target for the year despite concerns over the looming global trade war and the impact of the package 2 of the new tax reform law......»»

Category: financeSource:  philstarRelated NewsJun 11th, 2018

WB cites PHL growth promise, risks

THE WORLD BANK sees the Philippines sustaining relatively robust growth in the medium term -- though short of government target -- but flagged capacity constraints and price pressures that may weigh on prospects. The post WB cites PHL growth promise, risks appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 7th, 2018

PSEi drops on inflation concerns

SHARE prices fell on Monday ahead of May inflation figures due today, with investors said to have chosen to lighten their portfolios given expectations that consumer price growth would again breach the central bank’s target. The benchmark Philippine Stock Exchange index (PSEi) dropped 0.66 percent or 50.65 points to close at 7,579.61. The wider All [...] The post PSEi drops on inflation concerns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 4th, 2018

The 10 most intriguing free agents of summer 2018

By John Schuhmann, NBA.com The summer of 2018 promises to change the landscape of the NBA. It starts with the best player in the world having the ability to choose his next team, but it continues with good teams in Minnesota, Portland and Washington that might feel the need to shake things up, as well as a situation to monitor in San Antonio. The trade market can be unpredictable. It wasn't until late July last year that we learned that Kyrie Irving wanted out of Cleveland, and it wasn't until late August when he was dealt to the Boston Celtics, who finished the summer with only four players remaining from the team that reached the conference finals. The free agent market is a little more predictable, in that there are only so many teams with the available cap space to sign a premium free agent outright. Most of the big contracts signed in 2016 (when almost every team had cap space) are still on the books and a lot of teams just don't have much flexibility. LOOK: NBA.com Free Agent Tracker But the trade market and the free agent market are tied together. In 2014, the Cavs created the space to sign LeBron James by trading Jarrett Jack and Tyler Zeller. And after signing James, they traded for Kevin Love. With that in mind, the players listed below aren't the 10 best free agents (or potential free agents). They're the 10 most interesting in regard to where they're going and what kind of contract they get. For players to be on this list, there needs to be some intrigue regarding their (and/or their team's) decision this summer. Kevin Durant is the second best player in the NBA and has a player option on his contract, but there appears to be little chance that he's leaving the Golden State Warriors. Re-signing with Houston is probably Chris Paul's best path to another year of contention. It's hard to see Clint Capela or Jusuf Nurkic (both restricted as well) going anywhere. The same goes (to a lesser degree) for Aaron Gordon and Fred VanVleet. There's intrigue in the terms under which Nikola Jokic is in Denver next season - either with the Nuggets exercising a $1.6 million team option or declining it, making him a restricted free agent, and signing him to a new deal - but we can be sure that he will be in Denver next season. The market for centers seems particularly small, taking away some of the intrigue with DeAndre Jordan and Brook Lopez. 1. LeBron James, F, Cleveland (Player option) At 33-years-old and in his 15th season, James remains the best player in the world. Would he leave Cleveland a second time? This is clearly the worst team he's been on since the first time he left the Cavs, and there are teams out there who can give him a better secondary playmaker to take some of the offensive load off his shoulders. Whatever team he's on next season is a contender and if if it's a different team than the one he's on now, it would be fascinating to see what happens with Love. Number to know: James' true shooting percentage of 62.1 percent this season was the third highest mark of his career. 2. Paul George, F, Oklahoma City (Player option) In trading Victor Oladipo and Domantas Sabonis to Indiana last summer, the Thunder knew that they might have George for just one season. There's been speculation about his next destination since he arrived in Oklahoma City, and the Thunder season (which ended in the first round of the playoffs) has to be seen as a disappointment. George's free agency is tied to what happens in San Antonio with Kawhi Leonard, who is eligible for a max contract extension this summer. If that extension doesn't happen (either because the Spurs don't offer it or because Leonard doesn't accept it), Leonard will become a trade target for teams that are also in the market for George. And there are a couple of teams that have the ability to bring two of the George/James/Leonard trio together. Number to know: George ranked second in the league in steals (2.0 per game) and tied for the league in deflections (3.9 per game). 3. DeMarcus Cousins, C, New Orleans Just when the Pelicans were hitting their stride with Cousins and Anthony Davis together, Cousins tore his Achilles. And then the Pelicans hit their stride without Cousins, winning 20 of their last 28 games in the regular season and sweeping the Blazers in the first round of the playoffs. If the Pelicans were to lose Cousins, they don't have the cap space to replace him. But there's obviously risk in giving him a big contract coming off an Achilles tear, and the the Pels' two bigs aren't a perfect fit together. As part of their February trade with Chicago, the Pelicans exercised the team option on Nikola Mirotic's contract for next season. So Mirotic is there as Davis' power forward complement for at least another year. Number to know: Cousins accounted for 47 percent of the fouls that the Pelicans drew while he was on the floor. That was the highest rate among 275 players who played at least 1,000 minutes this season. 4. Julius Randle, F, L.A. Lakers (Restricted) Randle is still just 23-years-old and developed into a pretty efficient scorer in the final year of his rookie deal. Among 126 players with at least 500 field goal attempts in each of the last two seasons, he saw the fifth biggest increase in true shooting percentage (from 54 percent to 61 percent). But the Lakers' have their eyes on bigger names and might have to renounce their rights to the restricted free agent to clear as much cap space as possible. Number to know: Randle ranked fifth with 802 total points scored in the restricted area this season. 5. Marcus Smart, G, Boston (Restricted) Marcus Smart is intriguing more for what his departure would mean for the team he's leaving than for any other team he might join. And it's quite possible that he doesn't have the same value outside of Boston. Putting value on a bad shooter who makes "winning plays" is difficult in the first place. What happens with Smart affects how the Celtics deal with Terry Rozier, who will be a restricted free agent next year and would draw more interest from other teams as a starting point guard (if the Celtics don't give him an extension this summer). It's hard to imagine the Celtics keeping both behind Kyrie Irving long term, but the decision could be delayed a year if Smart were to accept the one-year qualifying offer. Number to know: Smart is one of six players who averaged at least 20 minutes in 40 or more games and with their teams allowing less than a point per possession with them on the floor. 6. J.J. Redick, G, Philadelphia The Sixers are another team that will be big-name shopping in July, which affects the status of Redick, who was signed to a one-year $23 million deal last summer. The Sixers don't have his bird rights, but wouldn't have to pay nearly that much (per year) on a long-term deal. Redick is a terrific complementary player on offense (an aggressive shooter who draws the defense's attention with relentless movement), but can be targeted on the other end of the floor, as was the case in the Eastern Conference semifinals against Boston. Number to know: Redick shot 45.9 percent on catch-and-shoot three-pointers, the fourth best mark among 101 players who attempted at least 200. 7. Derrick Favors, F, Utah There were times this season when the frontline duo of Favors and Rudy Gobert wasn't working out, and Utah had some success with smaller, more versatile players at the four. But overall, the Jazz outscored their opponents by 7.2 points per 100 possessions with the two bigs on the floor together, and having both gives them a rim-protecting center on the floor at all times. Utah could create cap space and go free agent shopping, but that would require them to renounce their rights to Favors and Dante Exum. Number to know: Among 160 players with at least 400 field goal attempts in each of the last two seasons, Favors saw the third biggest increase in effective shooting percentage (from 49 percent to 57 percent). 8. Isaiah Thomas, G, L.A. Lakers Thomas' stock fell precipitously from being a top-five MVP vote-getter last season to being a liability in Cleveland upon returning from his hip injury, and then requiring surgery in March. Still, the Lakers' offense was pretty efficient (scoring 110 points per 100 possessions) with him on the floor and the last time he was healthy, he had a historically good season. There are teams (Orlando and Phoenix, especially) in need of a starting point guard, but Thomas may have to settle for a short-term deal and a bench role in order to restore his value around the league. Number to know: Among 160 players with at least 400 field goal attempts in each of the last two seasons, Thomas saw the biggest drop in both in effective shooting percentage (from 55 percent to 44 percent) and true shooting percentage (from 63 percent to 51 percent). 9. Dwyane Wade, G, Miami No, Wade is not one of the 10 best free agents out there. But he's a future Hall of Famer who has said that Miami is the only team he'll play for going forward. We saw in Game 2 of the first round against Philadelphia that he can win a game for you on any given night. But over a full season, he'd be a much better fit with the Heat (who have a handful of versatile non-shooters) if he had, at some point, developed a three-point shot. That he hasn't increases the chances that his career is over. Number to know: Wade had an effective field goal percentage of 36.8 percent from outside the paint, the second worst mark among 207 players who attempted at least 200 total shots from the outside. 10. Jabari Parker, F, Milwaukee (Restricted) Parker should look much better in the fall than he did in playing just 38 games (including playoffs) after returning from a second ACL tear in his left knee. He has issues to fix on both ends of the floor and isn't an ideal complement to Giannis Antetokounmpo in that neither shoots very well from the perimeter. Parker still has top-two-pick talent, but injury issues and defense issues make him a fascinating case in restricted free agency for a team that's looking to take a step forward with an MVP candidate and a new coach. Number to know: In the playoffs, the Bucks' offense was more than 14 points per 100 possessions better with Parker off the floor (scoring 114.9 per 100) than it was with him on the floor (100.6). John Schuhmann is a staff writer for NBA.com. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsMay 30th, 2018

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:  bworldonlineRelated NewsMay 17th, 2018

SSI earnings fall in Q1

EARNINGS of the SSI Group, Inc. fell in the first three months of the year, dragged by the weakening peso despite a single-digit growth in sales for the period. In a statement issued Friday, SSI said net income by the end of the first quarter stood at P132.9 million, lower by 1.5% year-on-year. This came […] The post SSI earnings fall in Q1 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 11th, 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