Philippine Economic Update, April 2016 : Moving Full Speed Ahead--Accelerating Reforms to Create More and Better Jobs

The Philippine Economic Update (PEU) provides an update on key economic and social developments, as well as policies over the past six months. It also presents findings from recent World Bank studies on the Philippines. It places them in a longer t...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2016
Subjects:	TAX INCENTIVES OLIGOPOLISTIC MARKET MONETARY POLICY EQUIPMENT FINANCIAL MARKET PARTICIPANTS FIXED INCOME DEED VALUATION INTEREST PUBLIC INVESTMENTS REMITTANCE DEBT MANAGEMENT CREDIT RATING AGENCIES REVENUES PORTFOLIO FISCAL POLICY INSURANCE CORPORATION CURRENT ACCOUNT SURPLUSES LACK OF COMPETITION INSTRUMENTS MARKET PARTICIPANTS CERTIFICATE OF TITLE CAPITAL OUTFLOW OIL PRICES INVESTMENT SPENDING BENEFICIARY INTEREST EXPENSE EXPORT GROWTH MARKET VALUES COMMERCIAL BANK INCOME INSTRUMENTS T- BILL RATES INCOME GROWTH CAPITAL FORMATION TAX REGIME EXCHANGE RATES EMERGING MARKET DEBT MARKETS LOCAL GOVERNMENT INFLATION RATE SETTLEMENT BUDGET DEFICIT DOMESTIC DEBT BORROWING COSTS DEBT SERVICE RESERVE REQUIREMENT LEGAL FRAMEWORK MARKET ECONOMIES BANKING SECTOR FISCAL DEFICIT TRANSACTIONS INTERNATIONAL STANDARDS HUMAN CAPITAL GOOD GOVERNMENT BUDGET INTERNATIONAL TRADE TRANSPARENCY FUTURE MARKET PRICES MOBILE PHONE FOREIGN DIRECT INVESTMENT SHORT-TERM EXTERNAL DEBT LEGAL AUTHORITY FOREIGN INVESTMENT INTEREST PAYMENT T- BILL LAND RECORDS LAND PARCELS ISSUANCE TAX RATES SHARES REAL EXCHANGE RATE DEBT RATIOS TREASURY INSURANCE GOVERNMENT DEBT FOREIGN PORTFOLIO INVESTMENTS REGISTRATION SYSTEM PRIVATE INVESTMENTS PORTFOLIO INVESTMENT LENDING PUBLIC SECTOR DEBT DEBT SWAP PUBLIC SPENDING REMITTANCES COMMODITY PRICES PAYMENT SYSTEMS DURABLE EQUIPMENT CREDIT MARKET INVESTING TARIFFS DEEDS DEFICIT DEPOSIT REGULATORY FRAMEWORK BASIS POINTS LIABILITY MARKET STRUCTURE OIL PRICE FOREIGN DIRECT INVESTMENTS FINANCIAL MANAGEMENT STOCK FOREIGN INVESTORS INFORMATION TECHNOLOGY INFORMATION SYSTEM MACROECONOMIC MANAGEMENT ASSET PRICES GOVERNMENT SPENDING DEBT STOCK MONEY SUPPLY EMERGING ECONOMIES EXCHANGE PROPERTY RIGHTS STOCK MARKET BALANCE OF PAYMENTS LOCAL GOVERNMENTS EQUITY MARKET REGISTRATION PROCESSES TAX COLLECTION GOVERNMENT BORROWING NATIONAL SAVINGS POLITICAL ECONOMY RURAL CREDIT TAX CASH TRANSFER INCOME TAX BUDGETING PLEDGE RESERVE BENEFICIARIES INFLATION EMERGING MARKET ECONOMIES BUDGET CENTRAL BANK MATURITY LEGAL FRAMEWORKS LONG-TERM DEBT MACROECONOMIC STABILITY FISCAL POLICIES LAND TITLING LACK OF TRANSPARENCY TELECOMMUNICATIONS DISBURSEMENT POLICY RESPONSES CONTRACTS CURRENT ACCOUNT SURPLUS TRADING TAX EXEMPTIONS INTEREST RATES OPTIONS DEPOSIT ACCOUNTS CAPITAL OUTFLOWS HOUSEHOLD INCOME INTEREST DIFFERENTIALS OPEN ECONOMY REGISTRATION FEES DIRECT INVESTMENT LOCAL FINANCIAL MARKETS RESERVES GROSS DOMESTIC PRODUCT PORTFOLIO INVESTMENTS CASH TRANSFERS FINANCE TAXES EXPENDITURE EQUITY TRANSACTION INVESTORS VALUATIONS OPPORTUNITY COST CAPITAL OUTLAYS TAX RATE FRAUD COMPLIANCE COSTS GOVERNMENT FINANCE RETURNS SHORT-TERM DEBT BUDGETS PURCHASING POWER INVESTOR CONFIDENCE CONTRACT PRICE STABILITY GOVERNMENT REVENUE EXPENDITURES CAPITAL FLOWS FINANCIAL ASSET BIDS PROPERTY DOMESTIC FINANCIAL MARKET PROPERTIES OPPORTUNITY COSTS TRANSACTION COSTS MARKET CREDIT RATING BANK ACCOUNTS INTERESTS GOODS INVESTOR MARKET SHARE SECURITY FINANCIAL MARKET DURABLE STOCKS STOCK EXCHANGE INVESTMENT BOND SHARE INVESTMENT CLIMATE TAX SYSTEM POVERTY FINANCIAL MARKETS TARIFF DEBT SERVICE PAYMENTS BOND PRICES BID DECENTRALIZATION REVENUE EXTERNAL DEBT TAX POLICY INVESTMENTS MACROECONOMIC POLICIES RURAL CREDIT MARKET EXCHANGE RATE DEBT SERVICING PROFITS DIRECT INVESTMENTS DEBT MANAGEMENT POLICY FOREIGN EQUITY SMALL BUSINESSES SWAP REAL PROPERTY
Online Access:	http://documents.worldbank.org/curated/en/2016/04/26211730/philippine-economic-update-moving-full-speed-ahead-accelerating-reforms-create-more-better-jobs http://hdl.handle.net/10986/24397

Description
Summary:	The Philippine Economic Update (PEU) provides an update on key economic and social developments, as well as policies over the past six months. It also presents findings from recent World Bank studies on the Philippines. It places them in a longer term and global context, and assesses the implications of these developments and policies on the outlook for the Philippines. Its coverage ranges from the macro-economy and financial markets to indicators of human welfare and development. It is intended for a wide audience, including policymakers, business leaders, financial market participants, and the community of analysts and professionals engaged in the Philippines. Poverty reduction is expected to continue if the country is able to maintain the relatively high economic growth and the more positive job trends in recent years, despite recent shocks to agriculture. Recent trends show an improvement in the country’s growth-poverty elasticity, which means growth is becoming more inclusive. However, the recent increase in the underemployment rate and weak agricultural output in 2016 will need to be countered by sustained increase in per capita income growth and a continued focus on supporting the structurally poor through effective social protection programs. Under these assumptions, extreme poverty is projected to further decrease from nine percent in 2014 to 6.8 percent in 2018.

Philippine Economic Update, April 2016 : Moving Full Speed Ahead--Accelerating Reforms to Create More and Better Jobs

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