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Millions to remain in poverty as PH re-sets target

Economic Planning Secretary Arsenio Balisacan: Inclined to take offer.  INQUIRER FILE PHOTO

The government will have to downgrade its target to reduce poverty, officials warned Tuesday, a move which would leave an additional four million people virtually destitute in 2016.

Posted: March 18th, 2014 in Latest Business Stories | Read More »

World Bank sees 6.6% growth for PH this year

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Screengrab from www.worldbank.org

The World Bank continues to see the Philippine economy growing within the government’s targets for 2014 and 2015, despite the destruction caused by Super Typhoon “Yolanda” last year.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

Why 1.1% agriculture growth?

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While the Philippine economy grew by 7.2 percent in 2013, agriculture grew by only 1.1 percent.

Posted: March 5th, 2014 in Headlines | Read More »

Protest-hit Thai economy slows in 4th quarter

Thai anti-government protesters march during a rally on a street outside the prime minister's office of government house in Bangkok, Thailand Monday, Feb. 17, 2014. Thailand's economy grew 0.6 percent in the final three months of 2013 compared with the same quarter a year earlier, data showed Monday, as political turmoil hit consumer confidence and tourism.  AP

Thailand’s economy grew 0.6 percent in the final three months of 2013 compared with the same quarter a year earlier, data showed Monday, as political turmoil hit consumer confidence and tourism.

Posted: February 18th, 2014 in Latest Business Stories | Read More »

Hyundai sees 10% rise in auto sales this year

Hyundai Asia Resources Inc. (Hari), the official distributor of Hyundai vehicles in the Philippines, expects at least a 10-percent growth in sales this year, on the back of a more stable supply, as it plans to introduce four new models in 2014.

Posted: February 9th, 2014 in Headlines | Read More »

4th quarter GDP growth seen at 6.6%

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In this Nov. 14, 2013, file photo, Super Typhoon Yolanda survivors walk through ruins in the village of Maraboth in the Philippines. The impact of Yolanda on the Philippine economy was likely more moderate than initially expected, according to Moody’s Analytics, which expects the economy to have grown by 6.6 percent in the fourth quarter of 2013.  AP PHOTO/DAVID GUTTENFELDER

Moody’s Analytics expects the Philippine economy to have grown by 6.6 percent in the fourth quarter of 2013, saying the impact of Super Typhoon “Yolanda” was likely more moderate than initially expected.

Posted: January 28th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Economy seen sustaining 7% growth

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The Philippine economy will likely sustain a 7-percent growth this year, aided by additional spending for post-“Yolanda” reconstruction efforts, investment bank First Metro Investment Corp. said.

Posted: January 6th, 2014 in Headlines | Read More »

Citi raises growth forecast for PH

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Despite the devastation caused by Supertyphoon “Yolanda,” prospects remain bright for the Philippine economy, according to a Citigroup research.

Posted: December 25th, 2013 in Headlines | Read More »

Bureau of Customs’ crucial role in inclusive growth

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Will farmers and fisherfolk have a merry Christmas? Only if BOC exercises its role in inclusive growth.

Posted: December 24th, 2013 in Columnists,Headlines,Inquirer Columns | Read More »

PH seen to grow by robust pace of 7% in 2013

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The Philippines is expected to post a 7-percent growth this year and stay on as one of Asia’s fastest growing economies despite the devastation caused by Supertyphoon “Yolanda” last November, according to Deutsche Bank.

Posted: December 6th, 2013 in Headlines | Read More »

US economy grew a speedy 3.6% in Q3

Quarterly and annual growth in the US since the Q2 2012

The US economy grew at a speedy annual rate of 3.6 percent in the third quarter on inventory investment, the best growth in almost two years, the government reported Thursday.

Posted: December 6th, 2013 in Latest Business Stories | Read More »

S. Korea posts fastest growth in nearly 2 years

A currency trader walks by screens showing the Korea Composite Stock Price Index (KOSPI) and foreign exchange rate, center right, at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Thursday, June 27, 2013. AP FILE PHOTO

South Korea’s economy expanded at its fastest clip in nearly two years during the third quarter as construction and capital expenditure offset weak growth in exports.

Posted: December 5th, 2013 in Latest Business Stories | Read More »

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