IMF turns bullish on PH

While most other multilateral institutions had slashed their respective 2021 gross domestic product (GDP) growth forecasts for the Philippines, the Washington-based International Monetary Fund (IMF) even raised its projection to 6.9 percent from 6.6 percent previously.The IMF’s April 2021 World Economic Outlook (WEO) report also projected a 6.5-percent GDP growth next year which , however,…

San Miguel Corp. continues to invest heavily in the Philippines’ future

The work of nation-building never stops. And for San Miguel Corp. (SMC), one of the country’s largest and most diversified and profitable conglomerates, not even the unprecedented COVID-19 pandemic should get in the way. Its history is so intertwined with that of the Philippines that it believes that it has the moral commitment to push…

The Caster Project

Small PH enterprises win a lifeline

It may take not just a village but collective institutional action to help local micro, small and medium enterprises (MSMEs) and microfinance institutions (MFIs) overcome unprecedented challenges arising from the COVID-19 pandemic. One silver lining is the growing digital connectivity that is helping more of these small players adapt to the “next” normal.This is according…

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COVID-19 vaccine-led rebound to benefit property stakeholders

The Philippine economy contracted by 9.5 percent in 2020, the country’s worst performance since World War II. Colliers believes that the successful rollout of the COVID-19 vaccine will play a crucial role in the country’s economic recovery. The government-projected economic recovery in 2021, albeit slow, will likely support the growth of the property sector. We…

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PH business owners more upbeat for 2021, BSP survey shows

Filipino business owners are more upbeat about their prospects over the next 12 months as the economy began to adapt to the new economic landscape of the coronavirus pandemic, according to the central bank. In a press briefing on Thursday, officials of the Bangko Sentral ng Pilipinas (BSP) said the outlook on the country’s economy…