What's News Post

*

Why Fuentebella’s Partido Development Administration got the axe

Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]

Peso seen to breach the 54 level to a US dollar in 2018

This should confirm the long suspected plunge of the peso vis-à-vis the US dollar. Now the peso is seen to weaken further beyond the range of 48-50 until the end of year 2017. If it does, which is srongly possible, President Rodrigo Duterte’s economc managers are missing something. Yet, it […]

No economy is an island, so will PH get hit by BREXIT?

Not yet in and yet, the choice technocrats of the incoming Duterte regime are quick to sound off that the European phenomenon called BREXIT, the departure of the United Kingdom (also known as Great Britain) from the European Union will have no effect on the local economy. While many countries […]

Rejoinder, which Bicol city is ready to become an HUC?

After posting Legazpi City readies to become the first HUC in Bicol, this writer felt like taken for a ride (‘nakuryente’) by the information. So I reviewed some numbers to compare the remaining cities of the region. First. Bicol cities verified annual regular income from the years 2011 up to […]

Extremely productive: PH, Japan sign agreements on rail project and more

The Philippines and Japan on Thursday night signed bilateral agreements on social security and rail project while increasing defense partnership following the Paris attacks that killed 129 people. The agreements were signed after the bilateral meetings between Philippine President Benigno Aquino III and Japan Prime Minister Shinzo Abe at the […]

PH looking at additional 1.3-MT rice imports

The Philippines has no bragging right about rice self sufficiency anytime now until some time next year. The government is looking to import an additional 300,000 metric tons (MT) of rice, bringing total rice shipments to 1.8 million MT during the first half of 2016, to ensure enough supply and […]

World Bank projects Philippine economy to expand 6.5% in 2015

MANILA, April 13 — The World Bank has projected the gross domestic product (GDP) growth for the Philippines at 6.5 percent at end-2015. The growth forecast for the country this year was trimmed from the 6.7-percent GDP growth projection in October 2014. In its East Asia and Pacific Economic Update […]

PH merchandise exports suffer marginal drop in January 2015

MANILA, March 12 — Philippine export of minerals and agro-based products registered strong growth in January 2015, but weaker demand in manufactures and lower sales from petroleum pulled down total exports, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported Tuesday that the country’s merchandise […]

Peso takes a breather on renewed interest on equities

Peso takes a breather on renewed interest on equities MANILA, Feb. 14 — The Philippine peso ended the week sideways to a dollar at 44.28 from day-ago’s 44.37 partly buoyed by investors’ preference to put funds in the local equities market. A trader said investors are still worried about the […]

Gov’t officials, importers face criminal raps on garlic racket

Gov’t officials, importers face criminal raps on garlic racket. MANILA, Jan. 8 — Some 100 individuals, which include Aquino government officials and garlic importers, are facing criminal charges for abnormal increase in the market price of garlic in 2014. The National Bureau of Investigation on Wednesday filed criminal charges against […]

PH inflation dips to 3.7 percent in November 2014

MANILA, Dec. 6 — Lower food prices and cheaper local petroleum and electricity pulled down inflation rate to 3.7 percent in November, its lowest level this year, according to the National Economic and Development Authority. Inflation rate from January to November 2014 stood at 4.3 percent. “This further easing is […]

PH economy slows down to 5.3% in third quarter

MAKATI CITY, Nov 28 — The county’s economy slowed down, as the gross domestic product (GDP) grew by only 5.3 percent in the third quarter of 2014. This is the lowest in almost three years. This is lower than the growth rates of 6.4 percent in the second quarter of […]

What's Rising

*

Bicol Hit By High Rate of Underemployment in July

Bicol has the highest underemployment rate among the regions in the country, according to the latest survey conducted by the National Statistics Office. About 33.5 per cent of workers or employees express the desire to have additional hours of work in their present job or to have additional job, or […]

PPP: Less Gov’t Responsibility, More Public Debt

Through PPP projects, many crucial responsibilities of the government are being transferred to profit-oriented private corporations and banks, particularly the development and operation of core infrastructure such as roads and mass transportation network, power generation, and water supply and distribution, among others.

Mayon disaster tourism has positive side

Even with the impending eruption of Mayon volcano, there are tell tale signs that disaster tourism has positive economic benefits to the province of Albay and Legazpi city. The national government thru its various national agencies are pouring millions of pesos as ready funds to finance expenditures and purchases of […]

**

Throwback

*

Peso seen to breach the 54 level to a US dollar in 2018

This should confirm the long suspected plunge of the peso vis-à-vis the US dollar. Now the peso is seen to weaken further beyond the range of 48-50 until the end of year 2017. If it does, which is srongly possible, President Rodrigo Duterte’s economc managers are missing something. Yet, it […]

Call center employees in the PH receive low-end jobs

The news that the Philippines has overtaken India in the number of new hires in the call center industry has prompted a labor education NGO recently to warn industry stakeholders and the government against risking its workers’ welfare for the sake of such boom, or the projected boom up to 2016.

PH economy projected to sustain 6.5% growth in 2014

MANILA, Jan. 6 — The country’s economy is projected to sustain a robust growth of 6.5 percent this year, slightly lower than the 2013 estimate of 6.75 percent, on the back of buoyant infrastructure investments and stronger consumption, according to a finance firm. “The administration’s main thrust is infrastructure spending […]

PPP: Less Gov’t Responsibility, More Public Debt

Through PPP projects, many crucial responsibilities of the government are being transferred to profit-oriented private corporations and banks, particularly the development and operation of core infrastructure such as roads and mass transportation network, power generation, and water supply and distribution, among others.

World Bank projects Philippine economy to expand 6.5% in 2015

MANILA, April 13 — The World Bank has projected the gross domestic product (GDP) growth for the Philippines at 6.5 percent at end-2015. The growth forecast for the country this year was trimmed from the 6.7-percent GDP growth projection in October 2014. In its East Asia and Pacific Economic Update […]

*****