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Capital Economics: PH to become world’s 18th biggest economy in 2050

The Philippines is poised to become the world’s 18th biggest economy by 2050 as long as it addresses its infrastructure lack, long-term projections by London-based macroeconomic research organization Capital Economics showed. Capital Economics’ Long Run Economic Outlook report, which was released last week, a copy of which was obtained by the Inquirer, projected the Philippines’ […]

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SM Prime earns P18 B in 2020 despite pandemic

SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported a P18.0 billion consolidated net income for 2020 versus P38.1 billion in the previous year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues last year amounted to P81.9 billion from P118.3 billion […]

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Amro sees 7.4 percent PH economic growth in 2021

MANILA, Philippines—The regional surveillance group Asean+3 Macroeconomic and Research Office (Amro) has projected the Philippines to post faster economic growth of 7.4 percent this year despite a 2020 recession that was worse than expected. Amro’s latest 2021 gross domestic product (GDP) forecast released on Friday (Jan. 29) was higher than the 6.6-percent expansion projected in […]

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PH economy likely rebounded in Q3

The Philippine economy could have rebounded in the third quarter of 2020, but state-imposed physical distancing measures would continue to weigh on its recovery from the coronavirus disease 2019 (Covid-19) pandemic, according to Capital Economics. In a report on Wednesday, the London-based research consultancy firm said the country’s “GDP (gross domestic product) is likely to […]

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