The Department of Finance announced that government collectors reaped nearly P45 billion in taxes from marking a total of 4.31 billion liters of fuel in the third quarter of 2021 alone.

Curbing smuggling! Gov’t successfully collects P45-B in Q3 from fuel marking

Bangko Sentral ng Pilipinas Governor Benjamin Diokno disagrees with the International Monetary Fund’s downgrade of growth forecast for the Philippines and is confident that the economy actually would grow to 4 to 5 percent this year and 7 to 9 percent in 2022.

Diokno paints rosier picture for economy; pooh-poohs IMF slow growth projections

It’s about time to ease up and lessen the damage from the pandemic and those policies that tried to deal with—they have affected our ways of life and modes of earning a living; that business and industry should now be gradually freed to do what they do best: to make money for the people and the economy.

Silver lining in the clouds signal for the economy to gear up towards recovery

WHILE inflation has slowed to 4.8 percent in September according to the state statistics bureau, but many economic observers are convinced that it was not enough to tow the badly bruised economy to safer ground in the coming months.

‘Not good enough’: Inflation slows to 4.8 percent in September

A report by ANZ Research said the current pace of economic growth in the country depends on how the government acts to control the pandemic and speed up its vaccination program. 

Hopefully: PH seen to rebound to ‘pre-pandemic’ growth level next year

Both the International Monetary Fund and the Oxford Economics do not expect the Philippine economy to rebound strongly contrary to forecasts by local economic managers. But they all agree that a faster vaccine rollout so that a more vigorous rebound can be realized.

Have vaccines, will rebound! IMF maintains bleak prognosis for PH economy

A consumer group is asking the government to stop the collection of excise tax on oil products to give relief to consumers, who have been hit hard by the pandemic. But the National Economic and Development Authority disagrees saying the suspension of excise tax is unnecessary as the projected oil price hikes that take effect midnight tomorrow have already been factored by the Bangko Sentral in its inflation target.

NEDA bucks stopping oil excise tax to prevent inflation uptick

The government, through Philippine Statistics Authority, claimed that August production of factories grew heftily at 534.6 percent though an earlier report by a private market intelligence firm IHS Markit said the Philippines’ headline purchasing managers’ index (PMI) fell sharply to 46.4 in August from 50.4 in July.

Manufacturing sector rebound? PSA says output expands by 534.6% in August

Foreign direct investments (FDIs) on long-term capital placements by foreign investors shot up to $1.3 billion in July, an increase of 52 percent over the same period last year of $831 million. This is attributed to investor confidence brought about by increased vaccinations and the reopening of many of the world’s economies.

Glimmer of hope? Investor confidence returns as FDIs hit $1.3 billion in July, up by 52% over last year

The economy is beginning to recover from the Covid-19 pandemic but in terms of sustainability—or the persistent growth path at 6 percent or more — “will actually depend on the actions we are dealing with against the virus,” the country’s economic managers said.

Long wait? PH economy could take 10 years to recover

Long wait PH economy could take 10 years to recover phoot Yahoo News

NEDA bucks stopping oil excise tax to prevent inflation uptick photo Daily Tribune

Glimmer of hope Investor confidence returns as FDIs hit $1.3 billion in July, up by 52% over last year photo The Guardian

‘Not good enough’ Inflation slows to 4.8 percent in September photo ABS-CBN News

Manufacturing sector rebound PSA says output expands by 534.6% in August photo from Business Mirror

Hopefully PH seen to rebound to ‘pre-pandemic’ growth level next year photo from CNN Philippines

Have vaccines, will rebound IMF maintains bleak prognosis for PH economy photo Philippine Star

Curbing smuggling! Gov’t successfully collects P45-B in Q3 from fuel marking photo Philippine Star

Diokno paints rosier picture for economy; pooh-poohs IMF slow growth projections photo from Rappler

Latest news and headlines covering the Philippine economy covering prices, inflation, stock market, economic analysis and finance.

Philippine Economy

Latest News