Displaying all posts for Economy

[ANALYSIS] Why is Philippine inflation now the highest in ASEAN?

By JC Punongbayan/rappler.com – Yesterday, we were greeted by truly shocking news: the Philippines’ inflation rate, which measures how fast prices are rising, reached a whopping 6.4% in August. Not only is this the highest in 9.4 years, it also exceeded the government’s upper forecast of 6.2%, and is Read more »

Philippine economy at risk of overheating, World Bank says

By Audrey Morallo/philstar.com – Although the Philippine economy is one of the top three growth performers in the region, it faces several domestic risks such as overheating, higher inflation and climbing fiscal deficits, the World Bank warned on Monday. In its Philippines Economic Update, the World Bank said that the Read more »

Philippine peso at 7-year low on political concerns

via asiaone.com – The Philippine peso hit a seven-year low on Monday, extending its losses into a third week as market participants worried about the impact of President Rodrigo Duterte’s policies on capital inflows, ratings and international relations. Other emerging Asian currencies also slumped as risk sentiment soured, with Read more »

How Philippines is battling to cash in on coconut craze

By Tiffany Ap/for CNN – It’s hailed as a super food and its uses extends to hair conditioner and mosquito repellent. The world is having a love affair with all things coconut. As the world’s second biggest producer of the fruit, the Philippines is a major source of these products Read more »

Philippines struggles with unemployment despite economic growth

By Felipe Salvosa/Financial Times – Despite rapid economic growth in the Philippines in recent years, unemployment remains a persistent problem for the sprawling Southeast Asian nation of more than 100 million people. Under President Benigno Aquino, in office since 2010, unemployment has fallen. The latest figures show the rate at Read more »

Manila port gridlock constricts economy

via bworldonline.com – Philippine furniture maker Betiscrafts, Inc. should have delivered a shipment of custom-made chairs to Middle East customers last month. But a cargo from China of imported fabric needed for the upholstery has been held up by severe congestion at Manila’s main port, where containers have piled up Read more »