Philippine economy to sustain growth momentum – First Metro

Philippines, Manila - First Metro Investment Corporation (FMIC) maintains an optimistic view on the Philippine economy despite political noise

"Domestic strong demand continues to drive economic growth, thanks to double-digit investment growth, strong infrastructure investment, more employment opportunities, manufacturing recovery and increased tourist numbers," he said.

However, First Metro expects the inflation rate will stabilize between 2% and 5% later this year. This range is not a target range of 2% to 4% of Bangko Sentral ng Pilipinas (BSP), but it is lower than the highest value of 2% in June for 5 years

FMIC said the inflation rate will gradually decline in the second half of this year due to "the possibility of declining crude oil prices and the decline in rice price after imports arrived in June".

Investment companies also predict that remittances from overseas Filipino workers (OFWs) will maintain 2% to 4% growth in 2018. Cash remittances decreased from 8% in March to 12.7% in April.

Despite the worsening trade deficit due to poor exports during the first five months of 2018, the FMIC said that recovery in the US, EU, China and Japan would boost Philippine exports within the next few months .

On the other hand, imports are expected to maintain double-digit growth of 10% to 14% due to strong capital investment and an increase in oil imports.

Arjonillo said the Philippine peso is still weak and could trade on average $ 53.90.90 per dollar.

"The devaluation of the peso is actually not bad compared to the economy like us.In fact, the short-term and medium term influence is positive, weak pesos hinder import, produce more exports, Decrease trade, rebellion, "he said

FMIC believes that another policy implemented by the BSP will raise interest rates by up to 50 basis points in relation to the rise in inflation.

At the same time, the investment company expects the Philippine Stock Exchange Index (PSEi) to strengthen this year. It recovers from 7,900 to 8,200 and expects EPS growth of 11.5%, 18-19 times price-earnings ratio (PE). - Rappler.com

The GDP growth rate in the fourth quarter of 2017 is 7%, the Philippines is the fastest growing economy in Asia, second only to China in 9% and Vietnam in 8%. To maintain this momentum, it is essential for the economy to clean up reliable energy. As the energy sector improves productivity especially with renewable energy, this country will be able to maintain good economic performance over the past few years. The challenges posed by climate change The global risk index in 2016 ranked third in the Philippines as one of the most vulnerable countries in the world. Regardless of whether directly or indirectly, climate change is thought to be due to the influence of extreme typhoon, landslide, El Niño, Lanina and other major weather risks.

The growth momentum of this year is expected to continue. According to the World Bank's recently announced World Economic Outlook report, the economy grew 2%, which is equivalent to 5% of the world average, and is expected to include six of the top ten of the fastest growing economies. The trademark registration system in Africa is special, the complexity of the system of the country and region is complicated. In Africa there are two regional trademark organizations (centralized trademark application system), accounting for about 50% of the country in the continent of Africa, but most other countries have their own domestic trademark law.

Population momentum The momentum of the population has important geographical, geographical and age dimensions. First, the geographical distribution of the population growth rate is heterogeneous, and developing countries have achieved 90% growth rate. These population increases are mainly seen in countries with low average income and low population. Furthermore, in countries where serious population problems already exist, population explosion is even more serious. Second, the geographical distribution of population growth has increased the rate of urban growth and will continue to increase in the future.