Economic Updates: Philippines

Cautious Optimism

Philippines | 23 Jan 2009

The Philippines banking sector is staying strong despite the uncertain global economic outlook.

2008 Year in Review

Philippines | 8 Jan 2009

While the Philippines has not been immune to the effects of the global financial crisis and economic slowdown, it managed to avoid slipping into recession and maintained steady growth in 2008, which was driven in part by the strong performance of many sectors in the first half of the year.

Maintaining Momentum

Philippines | 1 Dec 2008

The Philippines automotive industry is looking to buck the international trend of lower vehicle production and falling sales brought on by the global economic crisis.

Beyond Boracay

Philippines | 4 Sep 2008

Although the Philippines brands itself as a destination of more than 7000 islands, tourism industry investors have until recently focused most of their energy on the tropical island paradise of Boracay.

Constitutional Changes

Philippines | 19 Aug 2008

Philippine President Gloria Macapagal-Arroyo announced last week that she would back a Senate resolution to radically redraw the country's constitution.

Taking Flight

Philippines | 4 Aug 2008

After enduring three presidential administrations, thousands of hours of negotiations, 60 resolved or ongoing court cases, a ceiling collapse, three casualties, and two botched openings, the Ninoy Aquino International Airport Terminal 3 (NAIA 3) finally opened on July 22, 2008.

Remittance Trends

Philippines | 23 Jul 2008

Remittances, a crucial part of the domestic economy, saw a year-on-year rise in May.