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Thursday, August 17, 2017
MANILA, PHILIPPINES
Untitled Document
Q2 sustained fast GDP growth — poll

Q2 sustained fast GDP growth — poll
ECONOMISTS expect gross domestic product (GDP) growth last quarter to have been sustained past six percent on the back of higher government spending, as well as improved trade and farm output. -- Lourdes O. Pilar, Leo Jaymar G. Uy & Bong R. Fortin
 

Uneven dev’t marks online retail space

IN A COUNTRY where social media thrives, mobile ownership is widespread and consumer spending robust, you would think that the Philippines has the makings of an online retail mecca.

 

How a telco used prepaid to laugh all the way to the bank

THE idea of a phone company stepping into the breach to serve the unbanked might have been hard to imagine a generation ago. But it turns out that decades of selling prepaid products has suited them for the task, making them more ready than banks to charge into the less-creditworthy segments of the market.

Can Uber help solve Manila’s traffic? (or Why Uber wants you to stop driving)

LAURENCE L. CUA wants you to stop driving. Instead of taking your car to work and competing with two-and-a-half million other vehicles for road space in Metro Manila, you need only bring your smartphone and tap an app to get a ride.

Going up against pharmaceutical Goliaths

 

1st Quarter Banking Report 2017

1st Quarter Banking Report (2017)
Stability defines legacy of Tetangco-era banking system

1st Quarter Banking Report (2017)
How rural lenders failed to hitch a ride on BSP growth train

key indicators
GDP Growth Rate 6.4%
(1st Qtr 2017)
Fiscal Surplus / (Deficit) (P33.421) billion
(as of May 2017)
Inflation 2.8%
(June 2017)
91-day Treasury Bill Rate 2.176
(as of July 31, 2017)
Unemployment Rate 5.7%
(as of April 2017)
Exports Growth Rate 13.7%
(as of May 2017)
Imports Growth Rate 16.6%
(as of May 2017)
Cash Remittances US$11.346 billion
(January-May 2017)
Gross International Reserves US$80.787 billion
(as of July 2017)
Balance of Payments Deficit of US$549.527million
(as of March 2017)
BSP Overnight Lending Rate 3.50%
(as of July 12, 2017)
BSP Reverse Repurchase Rate 3.00%
(as of July 12, 2017)

Q2 sustained fast GDP growth — poll

ECONOMISTS expect gross domestic product (GDP) growth last quarter to have been sustained past six percent on the back of higher government spending, as well as improved trade and farm output.

Trade gap narrows as exports inch up

EXTERNAL TRADE in goods and manufacturing likely delivered a smaller contribution to economic growth in the second quarter compared with the first three months of the year, based on data released by the government yesterday.

Trade, factory data back growth hopes

 

ARE WORKERS IN THE MANUFACTURING SECTOR EARNING IN ACCORDANCE WITH THE SECTOR'S GROWTH?

THE "spillover effect" of the manufacturing sector to other industries has long been recognized by experts as a means to achieve sustained, inclusive growth. But has its growth influenced manufacturing's average daily basic pay? BusinessWorld compares the gross value added of the manufacturing sector and its average daily basic pay through the years 2002-2015.

ARE THE POOR BEARING THE BRUNT OF RISING PRICES?

INFLATION for the poorest 30% of Filipino households in the second quarter was steady from the previous three-month period, but was higher than a year ago. Fueling the increase from a year ago were faster increase s in prices of food, beverage and tobacco (FBT), as well as o f housing and repairs. A poor household's spending on FBT takes up at least 60% of its budget, so faster increases in this product group tend to accelerate overall inflation. Despite this, inflation for the poorest 30% stayed at or below the average for all households for a seventh straight quarter, or since the fourth quarter of 2015.

PER CAPITA HOUSEHOLD FINAL CONSUMPTION EXPENDITURE

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