Tag: Philippines economy
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Reassessing the Philippines’ Dependence on Remittances for Long-Term Growth
Introduction: A long-standing pillar under scrutiny The Philippines has long stood out for its robust remittance inflows. Overseas Filipino workers (OFWs) have sent home billions of dollars every year, helping millions of households cover basic needs, fund education, and sustain consumption during slow domestic growth. Yet as economic realities shift — from slower global demand…
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GDP Watch: Philippine Stocks Brace for a Sideways Week as Investors Await Data
Markets Expected to Hold Steady Ahead of GDP Data MANILA, Philippines — The Philippine Stock Exchange index (PSEi) is expected to drift sideways this week as traders await the release of crucial macro data that could tilt the market direction. After a volatile session last week, where sharp swings punctuated gains and losses, investors are…
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BSP Warns of Wider BOP Deficit in 2026 Amid Global Headwinds
Overview: BSP Revises Downward Its 2026 BOP Forecast The Bangko Sentral ng Pilipinas (BSP) has revised its expectations for the country’s balance of payments (BOP) deficit, warning that external headwinds could widen the gap in 2026. The central bank’s latest quarterly forecast reflects a more cautious view on capital flows, export demand, and global financial…
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Ilocos Sur Tops 2024 COA Revenue List, Dragging Bulacan to Second
Overview: Ilocos Sur tops COA 2024 revenue ranking In a surprising shift for the fiscal landscape, Ilocos Sur has been named the country’s top revenue-earning province for 2024 by the Commission on Audit (COA). The province dethroned Bulacan, which had dominated the rankings in recent years, signaling a pivotal change in the regional economic balance…
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IMF Forecasts Slower Philippines Growth in 2025, Mitigated by 2026 Rebound
Overview: A slower trajectory for the Philippine economy The International Monetary Fund (IMF) forecasts a softer growth path for the Philippines, with gross domestic product (GDP) expanding by 5.1% in 2025 before picking up to 5.6% in 2026. The revised outlook reflects a mix of domestic headwinds and external pressures that are dampening export demand…
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Philippine Remittances Rise in October, Growth Slows
Overview: October remittances rise but at a slower pace Cash remittances from overseas Filipinos rose again in October, according to data released by the Bangko Sentral ng Pilipinas (BSP). The month marked a continuation of the upward trend that began earlier in the year, but the pace of growth cooled from the strong surge observed…
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Philippine Remittances Continue to Rise in October, but Growth Slows
October remittances rise, but pace softens Remittances from overseas Filipino workers (OFWs) rose again in October, though the pace of growth cooled compared with the previous month’s surge. The latest release from the Bangko Sentral ng Pilipinas (BSP) confirms a sustained inbound flow of cash from Filipinos working abroad, supporting household finances and domestic consumption…
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What Marcos Administration Can Do to Arrest Slower Economic Growth in 2025
Executive summary: Setting the course for faster growth in 2025 After another quarterly print that underscored slower momentum, the Marcos administration faces a pivotal decision: accelerate growth by targeted reforms or weather headwinds with short-term fixes. The path forward combines pragmatic policy adjustments, predictable rules, and investments that unlock private sector activity. The aim is…
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over New Holidays, VAT Cuts
Government Rebuffs Tax Holidays and VAT Cuts in Favor of Stronger Tax Enforcement The Philippine government, led by Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan, is signaling a clear preference for tightening the reins on existing tax measures rather than introducing new relief like tax holidays or lowering the value-added tax…