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First quarter economic growth slowest in 4 years

The Philippine economy posted a 5.6% gross domestic product (GDP) growth in the first quarter, the Philippine Statistics Authority (PSA) reported this morning. The first quarter outcome was lower than the 6.3% in the previous quarter and 6.5% in the first quarter of 2018. This was the slowest expansion in four years or since the […].....»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2019

Farm output growth slows to 0.67% in Q1 2019

MANILA, Philippines – Agricultural output further slowed to 0.67% in the 1st quarter of 2019, lower than the  1.80% growth rate recorded in the 4th quarter of 2018 , data from the Philippine Statistics Authority (PSA) showed.  The 1st quarter performance is also a drop compared to the 1.47% growth rate recorded in ........»»

Category: newsSource:  rapplerRelated NewsMay 8th, 2019

Agri, fishery pull down Region 12’s economic growth in 2018

GENERAL SANTOS CITY (MindaNews/25 April) – A sluggish performance of the agriculture and fishery sectors caused Region 12’s economic growth to slow down to 6.9 percent in 2018, but officials said the overall indicators showed that the area’s economy remained “robust.” Maqtahar Manulon, Philippine Statistics Authority (PSA)-12 regional director, said Thursday the region’s Gross Regional […].....»»

Category: newsSource:  mindanewsRelated NewsApr 28th, 2019

A remarkable growth

By Francis Anthony T. Valentin, Special Features Assistant Editor In the past several years, health maintenance organizations (HMOs), which hit the Philippine health care scene in the 1980s, have been growing remarkably on the back of the country’s robust economy, which benefits the private corporations that form the massive bulk of HMOs’ client base. In 2017, […].....»»

Category: newsSource:  bworldonlineRelated NewsMay 24th, 2019

Fitch Solutions cuts Philippine growth forecasts on US-China trade tensions, gloomy global outlook

The Philippine economy will likely expand below the government’s target in 2019 amid external headwinds, according to a Fitch unit that also announced Wednesday a downward revision to its growth outlook on the country......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2019

PPA says strong port activity helped it generate P9.41 billion

THE Philippine Ports Authority (PPA) said it remitted a total of P9.41 billion in dividends and taxes to the national government in 2018, a record remittance fueled by strong revenue growth during the year......»»

Category: newsSource:  bworldonlineRelated NewsMay 16th, 2019

A tale of spending during election years, 2000-2018

ELECTIONS are widely believed to have a growth-inducing effect on an economy. Read the full story......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2019

FDI inflows list 6-month high in February

Net inflows of foreign direct investments (FDI) recovered strongly, surging 20.2 percent to hit a six-month high of $746 million in February from $621 million in the same month last year as investors remain confident in the Philippine economy on the back of strong economic growth prospects and sound macroeconomic fundamentals, according to the Bangko Sentral ng Pilipinas (BSP)......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2019

Budget delay drags down Q1 GDP growth to 5.6%

The domestic economy grew at a slower-than-expected pace in the first quarter of 2019 as the delay in the passage of the national budget stalled government spending during the period, the Philippine Statistics Authority (PSA) said yesterday......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2019

PH GDP slows down due to budget delay – NEDA

DAVAO CITY (MindaNews / 9 May) – The country’s gross domestic product slowed down to 5.6 % in the first quarter of 2019 from 6.5% growth recorded in the same period of last year, a report released by Philippine Statistics Authority (PSA) said. In a statement, Secretary Ernesto Pernia, director-general of the National Economic Development […].....»»

Category: newsSource:  mindanewsRelated NewsMay 9th, 2019

Reenacted budget saps economic growth in Q1

The Philippine economy lost steam in the first quarter of 2019 and grew to its slowest pace in four years after weak state spending due to delays in the passage of the national budget failed to power growth, the government reported Thursday......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2019

‘Economy to slow in 2019’

PHILIPPINE economic growth is expected to slow this year, with risks to it primarily driven by government underspending and tight liquidity in the financial market, economists say ahead of the…READ The post ‘Economy to slow in 2019’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 8th, 2019

Employment growth slows in Q4

Employment growth in establishments nationwide slowed down slightly in the fourth quarter of last year despite fewer separations as hiring dropped sharply, according to the Philippine Statistics Authority (PSA)......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2019

Central Luzon Economy Grows 7.1%

Central Luzon’s economy grew by 7.1 percent in 2018, maintaining its rank as the third largest contributor to the Philippine economy. In a news conference, Philippine Statistics Authority Regional Director Edgardo G. Pare said the industry sector topped the economic expansion that grew by 7.5 percent. “Industry remained to have the largest share to the […].....»»

Category: newsSource:  metrocebuRelated NewsApr 29th, 2019

GDP seen doubling by 2026 as Philippines set for dynamic growth

GDP seen doubling by 2026 as Philippines set for dynamic growth Philippine Star The Philippine economy is still expected to experience sustained and rapid growth in the long term, with gross domestic.....»»

Category: newsSource:  philippinetimesRelated NewsApr 28th, 2019

EDITORIAL - High growth, low employment

The Philippine economy continues to grow, but it is not making a sufficient dent against unemployment......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2017

Economy: Revenue growth fastest in real estate sector -- PSA

THE real estate sector was the fastest-growing generator of revenue in the third quarter of 2016, the Philippine Statistics Authority (PSA) reported yesterday......»»

Category: financeSource:  bworldonlineRelated NewsJan 19th, 2017

Politics flagged as 'main risk' to long-term PHL growth

THE Philippine economy is seen to remain upbeat over the next few years with 2016 growth seen hitting 7%, analysts at Capital Economics said, but noted that rising political concerns could endanger long-term growth prospects under the new government......»»

Category: newsSource:  bworldonlineRelated NewsJan 13th, 2017

7-8% growth this year onward seen 'doable'

THE PHILIPPINE ECONOMY could expand by at least 7% this year on the back of a sustained investment surge and steady domestic consumption, analysts said at a First Metro Investment Corp. (FMIC) briefing yesterday, citing global events as the biggest risk while downplaying the impact of local political developments......»»

Category: newsSource:  bworldonlineRelated NewsJan 5th, 2017

PH set to sustain growth this year

The Finance Department said it expects the Philippine economy to sustain its high growth this year, despite the “political noise” in the first six months of the Duterte administration. .....»»

Category: financeSource:  thestandardRelated NewsJan 1st, 2017