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ADB hikes ’17,’18 growth forecasts for PH
The Asian Development Bank has raised its gross domestic product (GDP) growth forecasts for the Philippines for this year and next year, with the country expected to lead economic expansion among emerging Asean economies.In its Asian Development Outlook Supplement report released yesterday, the ADB jacked up to 6.5 percent from 6.4 percent its Philippine GDP growth projection for 2017.As such, the Manila-based multilateral lender’s forecast for this year is now within the government’s 6.5-7.5 percent target range.ADVERTISEMENTThe AD... New BSP chief sets major foreign exchange liberalization move
The Philippines’ new central bank governor—who made a career out of clamping down on malpractices of errant financial institutions—is set to surprise local markets with a “counterintuitive” relaxation of restrictions on the trading of foreign exchange, securities and derivatives, the Inquirer learned.This major shift toward a more liberal regime is the first policy that Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. has laid down since becoming the country’s top monetary regulator two weeks ago.The exact details of ... ING bullish on PH economy
Dutch banking giant ING sees the Philippines’ trend growth rate during the six-year Duterte administration improving to about 6.5 percent even if the economy would be left to an “auto pilot” mode.But if the Duterte administration would be successful in ushering in a “golden age of infrastructure,” there will be more upside to gross domestic product (GDP) growth vis-a-vis the government’s target range of 7-8 percent, ING Philippines economist Joey Cuyegkeng said in a briefing to clients yesterday.Cuyegkeng’s projected trend...
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IRO Message
The newly approved Philippine Development Plan (PDP) 2017-2022 is now available for download at http://iro.ph/article_doc/fc55bc53_PDP-2017-2022-Prepublication-2.pdf. The first medium-term plan to be anchored on a national long-term vision, or AmBisyon Natin 2040, the PDP 2017-2022 represents the collective vision and aspirations of Filipinos for themselves and for the country.

The PDP al...
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