Economy

Private sector vital in addressing housing need: NEDA

MANILA -- The government is tapping the support of the private sector in addressing the country’s housing need, the country’s chief economist said. Socioeconomic Planning Secretary Ernesto Pernia pointed out that housing needs...

Peso stays firm, PSEi slides on trade war, storm aftermath worries

MANILA -- The Philippine peso showed resilience, closing little changed against the greenback on Wednesday while the Philippine Stock Exchange index (PSEi) fell anew, partly on investors' persistent worries about the inflationary...

Robust growth seen to widen PH’s current account deficit

CLARK, Pampanga -- An economist of Barclays forecasts continued widening of the Philippines’ current account deficit to above two percent of gross domestic product (GDP) as the country imports more to meet...

Barclays keeps bullish outlook for PH

CLARK, Pampanga -- An economist of Barclays remains optimistic about an above six percent expansion for the Philippine economy in 2018 amid risks from elevated inflation. In a briefing at the sidelines of...

ADB sees PH economy sustaining growth despite inflation

MANILA -- The Asian Development Bank’s (ADB) chief economist remains optimistic the Philippine economy will sustain its growth momentum on strong domestic demand and public and private investments, despite rising inflation. “If you...

Malacañang hails PH’s ‘favorable growth outlook’

MANILA -- Malacañang on Tuesday welcomed a report released by credit rater Fitch rating saying the Philippines maintains a generally “favorable growth outlook.” “In its report for the third quarter, Fitch noted that...

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