Services

NEWS FLASH

UPCOMING WEBINAR - CAUCASUS AND CENTRAL ASIA: ECONOMIC UPSWINGS AND POL...

Learn More

COUNTRY INSIGHTS

​The circus is in town
PHILIPPINES · In Brief · 22 Sep 2021

The 2022 presidential election is shaping up to be as we expected in our August Forecast report[1], i.e., a multi-contested fight.What we know at this time:Announced candidacy for the presidency: Senator Panfilo Lacson (age, 73), Senator Manuel Pacquiao (42) and Manila Mayor Francisco Domagoso (4...

​Delta watch 6 (A new experiment 2)
PHILIPPINES · In Brief · 13 Sep 2021

After canceling at the last minute its decision to relax quarantine restrictions in Metro Manila last week, government announced over the weekend that it will proceed with the new system of granular lockdowns beginning September 16. The new system does away with the confusing alphabet soup of qua...

​Inflation surprise
PHILIPPINES · In Brief · 07 Sep 2021

The headline inflation rate unexpectedly shot up to 4.9% in August, the upper limit of the BSP’s inflation forecast for the month and higher than the 4.4% median forecast by analysts. On a seasonally-adjusted basis, prices rose 0.6% month-on-month, largely reflecting production shortfalls in fish...

​Delta watch 5 (A new experiment)
PHILIPPINES · In Brief · 06 Sep 2021

Even with daily infections on a worrisome uptrend, government today decided to ease restrictions in Metro Manila, lowering the quarantine status from modified enhanced community quarantine (mECQ) to general community quarantine (GCQ) beginning Wednesday. The decision follows a policy of relying m...

Living with Covida Loca
PHILIPPINES · Forecast · 30 Aug 2021

With the emergence of highly transmissible virus mutants and the use of repeated lockdowns to control surges in infections, we are revising our earlier premise that the economy could progressively open up as immunization expands. Rather, we now think the more probable scenario is that the economy...

​Delta watch 4 (Restrictions relaxed… somewhat)
PHILIPPINES · In Brief · 20 Aug 2021

Likely swayed by economic managers’ concerns, the Inter-Agency Task Force (IATF) relaxed mobility restrictions in Metro Manila, allowing the nation’s capital to transition from enhanced community quarantine (ECQ) to modified enhanced community quarantine (mECQ). Earlier in the week, after rumors ...

2Q GDP slips sequentially due to lockdown
PHILIPPINES · In Brief · 10 Aug 2021

Government reported today that 2Q GDP shrank 1.3% on a seasonally-adjusted quarter-on-quarter (qoq) basis. The losses reflect tighter restrictions to activity that were imposed starting late March following an unexpected outbreak in covid-19 infections and were only gradually relaxed over May and...

​Delta watch 3 (ECQ starts)
PHILIPPINES · In Brief · 06 Aug 2021

On the eve of Metro Manila’s two-week enhanced community quarantine (ECQ) that begins today and ends on August 20, authorities decided to tighten restrictions as well in other key cities and provinces that account for over 40% of GDP. (Table 1) Government is well aware of the economic cost of the...

​Delta watch 2: Lockdown
PHILIPPINES · In Brief · 30 Jul 2021

After announcing yesterday that there will be no change in Metro Manila’s quarantine status for the next two weeks, government today decided for a more aggressive response against rising infections in the capital, returning Metro Manila to strict lockdown for two weeks from August 6 to 20. Daily ...

What to expect from the last year of Duterte’s presidency
PHILIPPINES · In Brief · 27 Jul 2021

Towards the end of his rambling, close to three-hour State of the Nation Address (SONA) yesterday, President Rodrigo Duterte listed several priority bills that he wanted congress to pass in the final year of his presidency. The proposals were unsurprising and included the three bills to open the ...

​Delta watch
PHILIPPINES · In Brief · 23 Jul 2021

Over two months after detecting the Delta variant of the coronavirus in two returning overseas workers, the Department of Health (DoH) yesterday confirmed that there has been local transmission of what the World Health Organization described as the “most able and fastest and fittest of those viru...

​From US inflation to Philippine monetary policy
PHILIPPINES · In Brief · 14 Jul 2021

For months now, global markets have been fretting about rising US inflation with anxieties running higher following upside surprises in the headline rate and news after the Fed’s June policy meeting that its next interest rate increase may come in 2023, a year ahead of what was earlier signaled. ...

​Negative watch
PHILIPPINES · In Brief · 13 Jul 2021

Yesterday, FitchRatings revised to negative its outlook on the Philippine’s credit rating. The revision signals a possible downgrade of the sovereign’s “BBB” investment grade rating over a one- to two-year horizon.According to the published commentary,[1] the negative watch reflects “downside ris...

​Inflation slows to 4.1%
PHILIPPINES · In Brief · 06 Jul 2021

The headline inflation rate continued to slow down in June, posting a 4.1% yoy increase vs 4.5% in the previous month. On a mom basis, a slight uptick to 0.2% was observed, mainly due to higher prices of energy-related items. The latter followed rising world oil demand that has pushed up crude oi...

Cautiously climbing the ladder, watching out for snakes
PHILIPPINES · In Brief · 02 Jul 2021

The Philippines appears to be on the mend. Yesterday, the Department of Health said the country can now be considered “low-risk” following decreases in active covid19 cases and hospital occupancy at the national level. (Chart 1) Vaccines have also begun to arrive in bulk and inoculation significa...

Copyright 2024 GlobalSource Partners. All rights reserved.