With GDP growth coming in at 5.8% for 2015, after averaging 6.2% from 2010-14, the Philippine economy is establishing a record of stable high growth rates. Markets have recently been focusing on short-term downside risks emanating from slowing growth in China and South-east Asia, and the Philippines’ farm and food-processing sectors were hit...
The Philippines is composed of over 7000 islands, out of which only approximately 2000 are inhabited, lying in the western Pacific Ocean. The nation is south of Taiwan and east of Vietnam, bounded in the west by the South China Sea and in the south by the Sulu and Celebes Seas. Given its complex history, marked by successive waves of human...
The Philippine economy’s reliance on remittances from overseas Filipino workers is often seen as a vulnerability and a path by which turbulence in foreign markets can reach local shores. Those fears recently came to the fore after the growth of remittances slowed in 2014 and news reports appeared in the summer of 2015 suggesting remittances...
“Tax more, spend more” is the clear-cut recommendation of the IMF to the Philippines, delivered in no uncertain terms in its September 2015 annual report on the country’s economy and economic policies. The IMF “welcomed the government’s plan to step up infrastructure investment and social spending” and “encouraged further efforts … to mobilise...
With the elections taking place in 2016 for everything from local councillor to president of the republic, Philippine politics is set to undergo some far-reaching changes. Whatever the outcome of the balloting, one thing has long been certain: 2016 will mark the end of President Benigno Aquino III’s period in office. Many will miss his...
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