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We all owe about P86,000.
The Philippine government’s outstanding debt is now at a cool P8.6 trillion as of April 2020, up by 10.4 percent from the P7.8 trillion during the same period last year. According to Businesmirror, latest data from the Bureau of the Treasury showed that ...
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Focusing on one doesn’t make problems with the other go away.
For more than 60 days now Filipinos have been living under one of the longest and strictest community quarantines in the world. Many of us are now asking when and how to ease restrictions, revive the economy, and return to some sort of ...
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It was for personal and other reasons.
Socioeconomic Planning Secretary Ernesto Pernia resigned from his post on Friday, April 17, multiple news sources said. A member of the Inter Agency Task Force (IATF) responding to the threat of the coronavirus in the country, the 76-year-old Pernia said he was leaving ...
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Socioeconomic Planning Secretary cuts PH growth targets because of COVID-19.
The Philippines is likely to experience much slower economic growth this year and could possibly even hit negative territory if the Luzon-wide lockdown drags on. Socioeconomic Planning Secretary Ernesto Pernia said Tuesday, March 24, that if the country extended the enhanced community quarantine ...
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Noted commentators come together to write about observations and recommendations about the Philippine economy.
Many people have commented about the exhilarating pace of economic development the country is enjoying in recent months and years, but it takes true economists and financial experts to help make sense of it all.This is exactly what five established economic commentators ...
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And how it spells trouble for the agricultural economy.
The Department of Agriculture (DA) has just confirmed that African Swine Fever (ASF) has reached the Philippines. In a press conference held earlier today, Agriculture Secretary William Dar disclosed that 14 of the 20 blood samples sent to a United Kingdom laboratory ...
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This is the lowest growth rate in the last 17 quarters.
The Philippine economy dipped slightly during the second quarter of 2019 as Gross Domestic Product (GDP) grew by 5.5 percent, the Philippine Statistic Authority (PSA) announced on Thursday, August 8.This is a 0.1 point drop from the first quarter’s GDP growth of 5.6 ...
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The Philippines ranked 70th out of 186 in The Heritage Foundation's World Economic Freedom Index.
The Philippines’ economic freedom score stood at 63.8 in 2019, declining from 65.0 in 2018 and further declining from 65.6 in 2017.That’s according to the 2019 Index of Economic Freedom by The Heritage Foundation, a US-based research organization, which ranks 186 countries according ...
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#PHGDP grew by 6.2% in 2018, down from 6.7% in 2017.
The Philippine economy’s growth in 2018 fell short of achieving the government’s (downgraded) targets of 6.5% to 6.9%.National Statistician and Civil Registrar General of the Philippine Statistics Authority (PSA) Lisa Grace Bersales announced in a press conference on January 24, Thursday, that ...
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And instead of photos, we got you some charts to look at.
In the past few weeks, a meme called “The 10-Year Challenge” has gone viral, flooding Facebook and other social media platforms.The idea is simple: you have to post photos—usually just two and properly juxtaposed—to show “how hard aging hit you” in a ...
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Here's a look back at how inflation moved in 2018, and what the government is planning to do about it
Prices of consumer goods in the country became more expensive than what the government expected last year.In fact, the Philippine Statistics Authority (PSA) reported in the first week of January that the 2018 average inflation, or the rate of how fast prices ...
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Prices of commodities in the country increased by an average of 5.2% in 2018, higher than the government's target range.
The general increase in prices of commodities in the country slowed down in December to 5.1 percent year-on-year, the Philippine Statistics Authority (PSA) announced on January 4, Friday.This is a further decline from the previous month’s inflation rate of six percent, but ...
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Here's a breakdown of how much it costs to live in the most expensive one.
It’s a well-accepted fact that city prices are exponentially higher than prices in the province, which is why if you’re in the former, you can expect to have a bigger headache when it comes to costing out your lifestyle. While living in Manila ...
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Things are looking good for next year, too.
While advanced economies like the United States, the Euro Area and Japan grow slowly, a number of emerging and developing economies continue to charge ahead. With China showing a measured slowdown in annual real GDP growth from 7.3% in 2014 to a ...
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32 countries were mentioned and we're far from last place.
Amidst news of the Philippine peso hitting its lowest slump in a decade, a new report from professional services network PricewaterhouseCoopers has predicted the 32 most powerful economies in the world by 2050, based on projected global GDP and purchasing power.In 33 years' time, the global ...
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A 2003 academic paper found that Filipinos, not just Indians, were also major providers of the costly loans
When President Rodrigo Duterte railed against "five-six" loans, he also ordered the arrest, even without a court warrant, of Indian nationals engaging in the high-cost lending scheme. The loans entail the payment of six pesos for every five pesos lent out usually after ...
