'Phl set to become top performer in Asean'
The Philippine Star|November 02, 2024
The Philippines will soon emerge as the top economic performer in the Association of Southeast Asian Nations (ASEAN), thanks to reforms that have strengthened the country’s global trade position and growth potential, according to HSBC Global Research.
KEISHA TA-ASAN
'Phl set to become top performer in Asean'

HSBC economist for ASEAN Aris Dacanay said reforms in the Philippines have made the country more influential in the global economy as its share to global trade has risen by 0.11 percentage points since 2018, the second highest in the region.

“In the next five years, we believe that the Philippines could become ASEAN’s leading performer. Growth was averaging 6.5 percent prior to the COVID pandemic,” Dacanay said.

“In 2025 and 2026, we expect that the Philippines will be the second fastest growing economy in ASEAN behind Vietnam and the third fastest in Asia,” he added.

Dacanay cited the International Monetary Fund’s latest World Economic Outlook, in which the IMF projects the Philippines becoming the 28th largest economy by 2029, an improvement from the 33rd rank today.

This story is from the November 02, 2024 edition of The Philippine Star.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 02, 2024 edition of The Philippine Star.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE PHILIPPINE STARView All
AND NOW, THE LATEST IN ANTI-AGING SKIN TREATMENT
The Philippine Star

AND NOW, THE LATEST IN ANTI-AGING SKIN TREATMENT

Before, we only used volume restoration by filler injections to fight aging. Today, layering is the latest filler injection technique that addresses skin aging based on the anatomical changes that occur as one grows older.

time-read
4 mins  |
November 05, 2024
AYURVEDA: A GEN-XER'S GUIDE TO ANCIENT HEALTH WISDOM
The Philippine Star

AYURVEDA: A GEN-XER'S GUIDE TO ANCIENT HEALTH WISDOM

For a society used to doctor's prescriptions, embracing Ayurveda might feel like trying a new health trend. And if it means raising a mug of warm water in place of a pill, that's a toast I'll gladly make.

time-read
3 mins  |
November 05, 2024
These 'madiskarte' moms mean business
The Philippine Star

These 'madiskarte' moms mean business

In 2020, PLDT launched Madiskarte Moms PH, a mompreneur Facebook community, as a way for Filipino mothers to start and grow their home-based businesses to augment their family income during the height of the pandemic.

time-read
2 mins  |
November 05, 2024
FIVE HEALTH HACKS FROM THE GLUCOSE GODDESS
The Philippine Star

FIVE HEALTH HACKS FROM THE GLUCOSE GODDESS

New York-based French biochemist and New York Times bestselling author, Jessie Inchauspé, is a standard social media go-to for hacks on managing sugar spikes and diabetes.

time-read
5 mins  |
November 05, 2024
Caring for loved ones with disabilities
The Philippine Star

Caring for loved ones with disabilities

After a series of eye surgeries in the US (18 surgeries from 1982 to 1989 due to glaucoma), Jaime Silva, more known to family and friends as Jimmy, and his wife Helen decided to change the focus of their lives.

time-read
5 mins  |
November 05, 2024
MassKara 2024: MassKara Unmasked!
The Philippine Star

MassKara 2024: MassKara Unmasked!

I spent five wonderful years of my childhood in Iloilo City, and would visit Bacolod, which was just a ferry ride away. I love its people, its food and its historical structures.

time-read
3 mins  |
November 05, 2024
Hayao Miyazaki to be honored at filmfest
The Philippine Star

Hayao Miyazaki to be honored at filmfest

Japanese master filmmaker Hayao Miyazaki will be honored with this year's prestigious Ramon Magsaysay Award.

time-read
1 min  |
November 05, 2024
DAN+SHAY, OTHER HOLIDAY SOUNDS TO WELCOME NOVEMBER
The Philippine Star

DAN+SHAY, OTHER HOLIDAY SOUNDS TO WELCOME NOVEMBER

How best to welcome November? With only a few weeks until Christmas day, nothing beats Christmas sounds.

time-read
3 mins  |
November 05, 2024
RINI on collaborating with OPM artists, giving back to Pinoy fans
The Philippine Star

RINI on collaborating with OPM artists, giving back to Pinoy fans

For Filipino-Australian singer-songwriter RINI, experimenting or exploring new ideas is in the nature and DNA of any artist.

time-read
3 mins  |
November 05, 2024
LEGENDS, FREAKS AND ICONS GATHER AT ‘SHAKE, RATTLE AND BALL’ 2024
The Philippine Star

LEGENDS, FREAKS AND ICONS GATHER AT ‘SHAKE, RATTLE AND BALL’ 2024

FROM CHUCKY DOLL and his bride to pop superstar Taylor Swift, celebrities, showbiz personalities, and influencers – including GMA Sparkle artists – attended this year's \"Shake, Rattle and Ball\" in character, donning their most outlandish and eye-catching outfits on the black carpet last Thursday at One Ayala in Makati.

time-read
2 mins  |
November 05, 2024