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      • The most recent edition of Top 1000 also noted the surge in the combined net income of the top corporations at 121.5% — from P820.7 billion in 2020 to P1.82 trillion in that year. This was the biggest profit growth since 2005, which was recorded at 160.3%.
      www.bworldonline.com/special-reports/2023/09/04/542939/top-1000-corporations-in-the-philippines-capturing-the-big-picture-of-the-countrys-corporate-scene/
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  2. Jan 26, 2023 · The Philippines has recorded its strongest economic growth in more than 40 years, defying a global slowdown and rising inflation after lifting all pandemic restrictions at the end of last year.

    • Mercedes Ruehl
    • Philippines: One of World's Fastest Growing EmergingMarkets
    • Deteriorating Current Account Deficit
    • Philippines Economic Outlook

    The strong rebound from the COVID-19 pandemic during 2022 helpedto drive the pace of growth of the Philippines economy to thefastest rate since 1976. The Philippines GDP growth rate of 7.6%was comparable to some of the world's fastest growing largeemerging markets in 2022, including the Gulf Co-operation Counciloil exporting nations of Saudi Arabia...

    Merchandise exports continued to record moderate expansion in2022, rising by 5.6% y/y. The Philippines export sector showedresilience to the impact of the slowdown in mainland China, whichis a key export market. Although exports to mainland China fell by5.1% y/y in 2022, exports to a number of other key markets rose.Exports to the US were up by 4.2...

    Despite the impact of the COVID-19 Delta wave in the second halfof 2021, GDP growth for calendar 2021 rebounded to 5.6% y/y. Stronggrowth momentum has continued in 2022, at a pace of over 7.6% y/y.Easing of pandemic-related travel restrictions during 2022 has alsoallowed a gradual reopening of domestic and international tourismtravel. If sustained ...

  3. Jan 20, 2023 · Over the next decade the Philippines economy is forecast to continue to grow rapidly, with total GDP increasing from USD 400 billion in 2021 to USD 830 billion in 2031. A key growth driver will be rapid growth in private consumption spending, buoyed by strong growth in urban household incomes.

  4. Mar 7, 2024 · The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent. 1 Should projections hold, the Philippines is expected to, once again, show significant growth in 2024, demonstrating its resilience despite various global...

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  5. Jan 8, 2024 · The BusinessWorld Top 1000 Corporations in the Philippines report showed the firms’ aggregate gross revenue surged by 21.2% in 2022 from P13.76 trillion posted in 2021. This was the fastest revenue growth in two years following the 13.2% contraction recorded at the height of the coronavirus pandemic in 2020.

  6. Jun 4, 2024 · The Philippines sustained its growth momentum in Q1 2024, supported by an improvement in global economic activity. Growth will increase to an average of 5.9 percent between 2024-2026, anchored on strong domestic demand and a pickup in global growth.

  7. Apr 4, 2023 · ADB’s flagship economic publication Asian Development Outlook (ADO) April 2023 forecasts the Philippine economy to grow by 6.0% this year, climbing further by 6.2% in 2024. A recovery in employment and retail trade, sustained expansion in the manufacturing sector, and rising public infrastructure spending will support growth.

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