The government's aggressive strategy has significantly weakened the economy. "We may have to spend much more to enjoy the luxury of water abundance with the desalination option." PH to receive mobile water treatment unit from Hungary. Domestic risks are becoming more prominent. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The Philippine economy is projected to continue on its expansionary path and grow at an annual rate of 6.7 percent in both 2018 and 2019. Find Out. The lack of competition in key sectors has negatively impacted Philippine firms and consumers, resulting in sub-optimal outcomes in key sectors such as electricity, telecommunications, transport and logistics. ". This site is part of the Informa Markets Division of Informa PLC. "The Las Piñas WRF will serve around 660,000 customers once completed in 2021. Market Updates Water Philippines joins PhilWater 2019! Our stock market went on a stumble and prices went down and sideways then followed another fall because of market correction and global market factors. Both fiscal and monetary policy remain supportive of growth, while a weak global economic environment and a slow recovery in public investments, constitute the main downside risks. The Philippines’ annual exports rose sharply in 2017 and became the main engine of economic growth, while imports continued to grow by double-digits. Inflation fell to 1.7% in August 2019, the lowest in almost 3 years. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. We use cookies to ensure you get the best experience on our website. The theme for WIC is Industrial Wastewater day. “We want our LGUs to access funding for the establishment of solar water supply and irrigation systems not only to provide potable water for their remote villages but also to prepare them for the expected El Niño next year,” MinDA Secretary Emmanuel Piñol said. In 2020, growth is expected to level at 6.6 percent. The Philippines’ growth outlook is weakened by a difficult external environment and domestic challenges, as growth is expected to slow from 6.2% in 2018 to 5.8% in 2019, before recovering to 6.1% in 2020 and 6.2% in 2021. These projections would imply a continuing trend of one million Filipinos being lifted out of poverty each year. This is the real time status of the Philippine Stock Market Today. PhilWater 2019, the 26th PWWA International Conference and Exhibition was held at Boracay Island, Aklan, Philippines on 17-18 Oct 2019. Sensex, Nifty end lower as weak global cues prevail. Poverty reduction is expected to continue based on the current economic outlook. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Press Release: Philippines: High impact projects and critical reforms key to regaining higher growth, Full Report: Philippines Economic Update, October 2019, Environmental and Social Policies for Projects. This page provides easy access to important updates and views, on the Philippine Stock Market. This site uses cookies to optimize functionality and give you the best possible experience. Load more. Real GDP will shrink by more than 6% in 2020 owing to the preventive measures taken to combat the coronavirus pandemic. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Amidst rising global uncertainties, the Philippine economy remains strong and is projected to grow 5.8% in 2019, before recovering to 6.1% and 6.2% in 2020 and 2021, respectively. Sustained economic growth is likely to continue to contribute to poverty reduction. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Market Updates Water Philippines joins PhilWater 2019! Prudent fiscal management and the implementation of the government’s tax reform agenda could help secure the country’s fiscal sustainability. Philippines Stock Market News and Updates – here’s our latest monthly report about our stock picks, Magic 10. Copyright © 2020. Factors that have been driving poverty reduction in the Philippines include the movement of employment out of agriculture, a sustained inflow of remittances, and the government’s conditional cash-transfer program. Don't miss out on the latest news and information. The Philippine economy is projected to continue on its expansionary path and grow at an annual rate of 6.7 percent in both 2018 and 2019. Economic growth slowed in the first half of 2019, driven by a rapid deceleration in investment growth due to contraction in public spending and weaker global economy. A deal will mark a major step towards de-escalating tensions, but it is still far from guaranteed that this will happen. A page that collect the latest business news from various media. ", "We may have to spend much more to enjoy the luxury of water abundance with the desalination option.". We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The country’s medium-term growth outlook remains positive. In the short-term, resuming public investment and fast tracking the effective implementation of game-changing reforms such as the Ease of Doing Business Law, the Rice Tariffication Law, the creation of a foundational ID system, and other such transformational policy changes would be critical to set the country to a higher path toward accelerating inclusive growth. Informa Markets, a trading division of Informa PLC. In spite of that, the Philippine economy is still on the bright […] To find out more, please click this link. Streamline burdensome administrative procedures for businesses to make it easy to enter the market. Implementing these reforms will be critical: Address unclear or restrictive regulations in infrastructure sectors and professional services to create more competitive conditions; Eliminate restrictions on foreign and domestic investors to help level the playing field; Minimize the scope of controlled prices to incentivize firms to compete; Lessen the involvement of state-owned enterprises and other operations in typically competitive markets to promote a more effective use of public funds; and. Philippine Stock Market Updates, Metro Manila, Philippines. Vietwater Ho Chi Minh 2019 was held from 6 to 8 Nov, 2019 at 799 Nguyễn Văn Linh, Tân Phú, Quận 7, Hồ Chí Minh, Vietnam. Private consumption was the main growth driver, as growth recovered to 5.8% year-on-year in the first half of 2019 from 5.3% during the same period last year, driven by moderating inflation, steady remittance inflows, an improving job market, and an increase in economic activity from election-related spending. Nevertheless, the implementation of previous tax-policy reforms led to robust revenue, resulting in a lower than programmed fiscal deficit for the first half of 2019. It is an essential tool for companies active across the Philippines construction value chain and for new players considering to enter the market. Inflationary pressure is expected to intensify in 2018 due to both domestic and external factors. By continuing, you are agreeing to our use of cookies. “We also have mobile water filtration equipment...but none of this kind of capability that can create or desalinate water from the sea and produce drinkable water,” said NDRRMC Executive Director Undersecretary Ricardo Jalad.