Pessimism heightened this fourth quarter among consumers who expect to be unable to buy big ticket items this quarter until next year as they expect to go up to 5.9 percent, above the target set by the government

Consumers more pessimistic in Q4 2022 and Q1 2023

The impasse between two agencies—one granting incentives to Investment Promotion Agencies like PEZA and the latter is still not over. And IT and Business Process Operators are saying this leaves a bad image among investors.

IBPAP says PEZA’s WFH extension is legal

The peso plunged even deeper to P59 per dollar, an all time high, resulting in pluses and minuses to the economy.

Peso plunges further at P59 to $1

A combination of global headwinds and the hawkish policy rate hikes of the Bangko Sentral ng Pilipinas would cause growth to slow next year to 5.5 percent before improving to 6.2 percent in 2024.

Economy to grow 5.5% in 2023

A less optimistic outlook for this last quarter was reported by the business sector with the confidence index declining to 23.9 percent  from 26.1 percent for the same quarter last year.

Business confidence declines in Q4

Reopening the economy with looser mobility restrictions led to more foreign investment pledges in the second quarter despite the uncertainty of a change in leadership during that period.

Foreign Investment pledges doubled in Duterte’s end-term

With the peso falling to what is considered all-time low on Monday, economists have spelled out strategies that government must adopt to ensure that export-oriented companies can stay afloat.

Govt. asked to help business amid depreciation

Foreign investments yield net inflows through authorized agent banks in October 2022.

Foreign investment post net inflows in October 

The Marcos administration approved on Friday the Philippine Development Plan 2023-2028 attended by members of the Cabinet in Malacanang. The plan extends tariff reductions on key food items to ensure food adequacy in the country.

NEDA board extends tariff reduction on key commodities

The Philippines received a Baa2 rating from Moody’s Investors Services, indicating a medium risk in the country’s ongoing economic recovery.

Moody’s affirms Phl. credit rating

Foreign investment post net inflows in October

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NEDA board extends tariff reduction on key commodities

Consumers more pessimistic in Q4 2022 and Q1 2023

Business confidence declines in Q4

Foreign investment post net inflows in October

Economy to grow 5.5% in 2023

Peso plunges further at P59 to $1

Moody’s affirms Phl. credit rating

IBPAP says PEZA’s WFH extension is legal

Govt. asked to help business amid depreciation

Foreign Investment pledges doubled in Duterte’s end-term

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