IN THE NEWS
FMIC eyes better output for PH this 2019
By Joann VillanuevaSource: https://www.pna.gov.ph/articles/1068694MANILA -- First Metro Investment Corporation (FMIC) forecasts better year-on-year output for the Philippine economy in the first quarter of 2019, which would allow it to post a full year growth of between 6.8 to 7.2 percent.In its joint publication with the University of Asia and the Pacific (UA&P), Market Call, the investment house said a sustained deceleration of inflation rate would boost domestic consumption while increase in government spending amid the delay in the approval of the national budget is a plus.In the first quarter of this year, inflation averaged at 3.8 percent while the March figure is at 3.3 percent, back within the government’s two to four percent target band until 2022.It peaked at 6.7 percent in September and October last year due to supply-side factors such as lack of supply of rice and several other agricultural products and the elevated price of oil in the international mark... Economist cites factors for PH’s ratings upgrade
By Joann VillanuevaSource: Philippine News Agencyhttps://www.pna.gov.ph/articles/1068695MANILA – The upgrade of the Philippines’ investment grade credit rating to ‘BBB+’ with Stable outlook may be an indication that investments will be a regular major growth driver of the economy.This was pointed out by ING Bank Manila senior economist Nicholas Mapa after S&P upgraded its ratings for the domestic economy on Tuesday due to continued robust expansion, healthy external position and sustainable public finances.“The string of six percent plus growth was likely considered as the Philippines enjoys a demographic dividend but also looks to evolve into a new investment driven growth narrative,” Mapa said in a research note.“Government officials must look to safeguard this growth momentum going forward,” he said.In the last quarter of 2018, growth, as measured by gross domestic product (GDP), expanded by 6.3 percent, driven by construction, trade and repai... Tourist arrivals up by 5.9% in Jan-Feb 2019
Foreign tourist arrivals to the country continue to increase, with 5.9 percent growth in the first two months of 2019 compared to the same period last year.\"For the first two months, tourist arrivals have been 1,493,000 precise,\" Department of Tourism (DOT) Secretary Bernadette Romulo-Puyat told reporters during the Kapihan sa Manila Bay forum on Wednesday.Puyat attributed the growth to the country\'s improved access and air connectivity, particularly with the opening of the Mactan-Cebu Airport and the Bohol-Panglao Airport last year.\"It\'s better now, but of course we are continually working with the Department of Transportation on rehabilitating the airports and maybe having night-rated airports,\" she said.According to DOT data, January arrivals decreased from 732,506 visitors to 723,390 in 2019. But the 13.8 percent growth of international visitors in February 2019 was able to offset the slight arrival drop from the preceding month.Romulo-Puyat said South Korea, fo...
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By Joann VillanuevaSource: https://www.pna.gov.ph/articles/1068694MANILA -- First Metro Investment Corporation (FMIC) forecasts better year-on-year output for the Philippine economy in the first quarter of 2019, which would allow it to post a full year growth of between 6.8 to 7.2 percent.In its joint publication with the University of Asia and the Pacific (UA&P), Market Call, the investment house said a sustained deceleration of inflation rate would boost domestic consumption while increase in government spending amid the delay in the approval of the national budget is a plus.In the first quarter of this year, inflation averaged at 3.8 percent while the March figure is at 3.3 percent, back within the government’s two to four percent target band until 2022.It peaked at 6.7 percent in September and October last year due to supply-side factors such as lack of supply of rice and several other agricultural products and the elevated price of oil in the international mark... Economist cites factors for PH’s ratings upgrade
By Joann VillanuevaSource: Philippine News Agencyhttps://www.pna.gov.ph/articles/1068695MANILA – The upgrade of the Philippines’ investment grade credit rating to ‘BBB+’ with Stable outlook may be an indication that investments will be a regular major growth driver of the economy.This was pointed out by ING Bank Manila senior economist Nicholas Mapa after S&P upgraded its ratings for the domestic economy on Tuesday due to continued robust expansion, healthy external position and sustainable public finances.“The string of six percent plus growth was likely considered as the Philippines enjoys a demographic dividend but also looks to evolve into a new investment driven growth narrative,” Mapa said in a research note.“Government officials must look to safeguard this growth momentum going forward,” he said.In the last quarter of 2018, growth, as measured by gross domestic product (GDP), expanded by 6.3 percent, driven by construction, trade and repai... Tourist arrivals up by 5.9% in Jan-Feb 2019
Foreign tourist arrivals to the country continue to increase, with 5.9 percent growth in the first two months of 2019 compared to the same period last year.\"For the first two months, tourist arrivals have been 1,493,000 precise,\" Department of Tourism (DOT) Secretary Bernadette Romulo-Puyat told reporters during the Kapihan sa Manila Bay forum on Wednesday.Puyat attributed the growth to the country\'s improved access and air connectivity, particularly with the opening of the Mactan-Cebu Airport and the Bohol-Panglao Airport last year.\"It\'s better now, but of course we are continually working with the Department of Transportation on rehabilitating the airports and maybe having night-rated airports,\" she said.According to DOT data, January arrivals decreased from 732,506 visitors to 723,390 in 2019. But the 13.8 percent growth of international visitors in February 2019 was able to offset the slight arrival drop from the preceding month.Romulo-Puyat said South Korea, fo...
S&P upgrades Philippine credit rating to "BBB+Stable," a notch away from 'A' territory ratinghttps://iro.ph/viewarticle.php?articleid=3182
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