Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Economy  >>   Philippines economic rebound
NEWS UPDATES Asean Affairs     10 November  2011

Philippines economic rebound

The Philippine economy may rebound in the fourth quarter, according to the National Statistical Coordination Board (NSCB), as its composite leading economic index (LEI) continued to improve.

The NSCB said the LEI accelerated in the fourth quarter to 0.168 from a revised 0.116 in the third quarter the year. The fourth quarter LEI gathered pace after it weakened in the second quarter this year.

The LEI serves as a basis for short-term forecasting of macroeconomic activity, as it incorporates the behavior of indicators that consistently move upward or downward before the actual expansion or contraction of the economy.

NSCB said the positive contributors to LEI in the fourth quarter were number of new businesses, visitor arrivals, consumer price index, hotel occupancy rate, foreign exchange rate, stock price index and electric energy consumption.

The combined share of positive contributors for this quarter increased to 65.5 percent from 55.6 percent in the third quarter.

The negative contributors were total merchandise imports, wholesale price index, terms of trade index, and money supply. The negative contributors accounted for 34.5 percent of the total.

Ruperto Macuja, National Economic and Development Authority assistant director general, said the slowdown in the US and Europe could cut Philippine gross domestic product by 0.8 percentage points this year and another 0.8 percentage points in 2012. GDP refers to the total value of final goods and services produced in the country.

During the first half of the year, the economy grew by 4 percent, much lower than the government’s target of 7 percent to 8 percent this year.

Macuja also said that Philippine unemployment is expected to increase by 0.25 percentage points, translating to about 100,000 persons who would lose their jobs because of the global crisis.

For next year, Ruperto estimated a 0.30-percentage point increase in unemployment, or 123,000 persons who may lose their jobs.

Data from the National Statistics Office showed that unemployment rose to 7.1 percent last July, higher than the 7 percent last year.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    26  October  2011 Subsribe Now !
• Global economics to impact Asean 5 Subcribe: Asean Affairs Global Magazine
• US assistance to Cambodia Asean Affairs Premium

• New environment minister on the warpath

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Water quality destroys mussel farming
• Report that president paid off insurgents
• Singapore women execs in lower ranks
• Flooding fears in Bangkok

• Property losses in Thai flooding


Asean Analysis              26  October  2011

Advertise Your Brand
• Asean Analysis-October 26 Sponsor Our Events

Asean Stock Watch      26  October  2011

• Asean Stock Watch-October 26 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand