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By Cielito F. Habito
Our economy’s growth rate may have stepped up to 6.6 percent from 3.9 percent in 2011, but that’s still not quite growing twice as fast—the declared goal of last year’s “Arangkada” forum of the Joint Foreign Chambers of the Philippines (JFC). Last week, the JFC gathered once again for “Arangkada 2013” to assess progress on a package of recommendations they made in late 2010 toward achieving accelerated and broad-based growth for the Philippine economy. More than two years hence, the group again took stock of forward movement—or the lack of it—in some 470 recommendations embodied in the 2010 document of the same name.
Posted: March 4th, 2013 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »
The Aquino administration has received much praise from foreign and local institutions for the “spectacular” performance of the Philippine economy in 2012. The International Monetary Fund, World Bank, Asian Development Bank and private think-tanks have all been bullish on the Philippines. Thus, many were surprised by the release last week by Malaysian credit-watcher RAM Rating Services of its inaugural sovereign ratings for five leading Southeast Asian countries. In brief, it showed the Philippines as the laggard among the region’s major economies.
Posted: January 28th, 2013 in Editor's Pick,Editorial | Read More »
By Amando Doronila
Speaking from the Alpine heights of Davos, Switzerland, President Aquino spun a stupendous tale at the World Economic Forum (WEF) of the dramatic transformation of the Philippines from being the “sick man of Asia” into a dynamic country swimming against the current of global economic downturn in a record time of three years.
Posted: January 28th, 2013 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »
By Amando Doronila
The 7.1 percent Philippine economic growth in the third quarter “posted the fastest expansion” within the Asean (Association of Southeast Asian Nations), gloated Socioeconomic Planning Secretary Arsenio Balisacan. He said that the year-to-date growth was already 6.5 percent, prompting him to predict that the full-year growth would likely surpass the government’s target of 7 to [...]
Posted: December 4th, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »
By Jose Ma. Montelibano
Always, the journey to home is an eagerly anticipated one. This one is no exception. Home is where the heart is, they say. True, but to me, home is first family and motherland, and I am finally on my way. The long plane ride from New York to Tokyo, the usual and only stopover of [...]
Posted: November 29th, 2012 in Columnists,Columns,Viewpoints | Read More »
By Cielito F. Habito
It is remarkable that the Philippine economy has been showing dynamism this year so far, even with a sluggish world economy. This implies that the energy driving our economic growth lately is coming from within. Indeed it is internal demand—that is, we Filipinos ourselves purchasing our goods and services—that has provided the current impetus for heightened economic activity, thereby providing increased jobs and incomes for Filipinos. I will explain some of the evidence on this below.
Posted: October 22nd, 2012 in Columnists,Columns,Inquirer Opinion | Read More »
By Cielito F. Habito
Confidence in the Philippine economy, whether from within or from outside, appears to be catching on. Various analysts are consistently coming out with positive predictions on how our economy will shine among others in the years ahead. We haven’t seen this level of confidence in our economic outlook since the 1990s, when President Fidel V. Ramos succeeded in attracting a lot of foreign investor attention for the country, leading to booming stock markets and accelerating production and incomes.
Posted: September 17th, 2012 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Walden Bello
The economic news on the Philippines the last few weeks has been good. The country’s Gross Domestic Product (GDP) growth rate for the first semester was an impressive 6.1 per cent, which put it in the top tier in Asia, while its “competiveness” leaped 10 notches, to the 65th from the 75th spot, out of 144 countries rated by the World Economic Forum. Most other indicators appear to be pointing in a positive direction.
Posted: September 14th, 2012 in Columnists,Columns,Featured Columns,Featured Headline,Viewpoints | Read More »
By Peter Wallace
The second-quarter GDP growth of 5.9 percent was unexpectedly strong and boded well for the full-year growth outcome. For the first time in many years, what’s happening in the world is of more concern than what is happening in the Philippines. Among the world’s countries, the Philippines now stands out as a stable, growing economy in a sea of doubt for the Western world and turmoil for the Middle East. Plus a China that’s beginning to show cracks.
Posted: September 6th, 2012 in Columnists,Columns,Inquirer Opinion | Read More »
More often than not, foreign trips made by the president of the Philippines, especially to the United States and other countries in the global North, have been done with hat in hand.
Posted: June 4th, 2012 in Editor's Pick,Editorial | Read More »
By Cielito F. Habito
Not a few were surprised that the Philippine economy grew by 6.4 percent in the first quarter of this year—supposedly the fastest in Southeast Asia—when most analysts expected less than 5 percent.
Posted: June 4th, 2012 in Columnists,Columns,Inquirer Opinion | Read More »
By Cielito F. Habito
The economy’s slower 4.9 percent annual growth in the first quarter (from 8.4 percent in the same period last year) highlighted the recent release of the first quarter economic growth data. While a slowdown was widely expected, especially given the artificial nature of last year’s election-spending-driven growth, the news still came across somewhat negatively. And [...]
Posted: June 7th, 2011 in Columnists,Columns,Inquirer Opinion | Read More »
