“Calabarzon is PH's best-performing regional economy”
FactRakers rated this: Partly false
FactRakers says: Central Visayas, not CALABARZON, recorded the highest economic growth rate in 2023 according to the latest available official data.
Checked elsewhere
Checks published by other fact-checking organisations. We did not do these checks. Each one names who did, shows their rating in their own words, and links to their full article.
17 checks for “Ferdinand Marcos Jr.”
“The poverty index in the Bangsamoro Autonomous Region in Muslim Mindanao has “significantly decreased since 2018” due to improved peace and order, good governance, and high hopes of the region's inhabitants.”
Vera Files rated this: Needs context
Vera Files says: While the poverty incidence in the BARMM has indeed markedly decreased since 2018, the region remains to have the highest poverty incidence in the country at 34.8% as of the first half of 2023, based on data from the Ph…
“The Investments Promotion Agencies approved almost P1.7 trillion in investments in various sectors in 2023, which are expected to create 108, 000 jobs.”
Vera Files rated this: Misleading
Vera Files says: Approved investments are pledges or commitments by Filipino or foreign investors. Not all approved investments materialize. These go through a gestation period from approval to the time a business is established and del…
“The price cap on rice stabilized prices of the staple in the country.”
Vera Files rated this: No basis
Vera Files says: The Philippine Statistics Authority reported on Oct. 5 that the agency cannot yet say with certainty that there is any “causality” of the price cap to the retail prices of the staple. Asked during a briefing if the pric…
“Ferdinand Marcos Jr. had recovered his family’s bank account in Singapore”
Vera Files rated this: False
“President Ferdinand Marcos said on Sept. 4 that the only reason for the surge in the retail prices of rice is the price manipulation by smugglers and hoarders.”
Vera Files rated this: Flip-flop
Vera Files says: Executive Order No. 39 dated Aug. 31 cited “global events” beyond the country's control, such as the Russia-Ukraine conflict, India's ban on rice importation and the unpredictability of oil prices in the world market, t…
“The Marcos administration was able to bring down prices of rice, meat, fish, vegetables and sugar through the Kadiwa stores.”
Vera Files rated this: Misleading
Vera Files says: Although Kadiwa stores sell goods at relatively cheaper prices, the latest inflation report from the Philippine Statistics Authority shows that food prices continue to increase but at a slower rate compared to previous …
“In the first quarter of 2023, the Philippines' economy registered a 6.4% growth in gross domestic product, which is within the target of 6% to 7% for the year.”
Vera Files rated this: Needs context
Vera Files says: Philippine Statistics Authority (PSA) national statistician Claire Dennis Mapa reported on May 11 that the 6.4% GDP growth in the first quarter of 2023 was “the lowest growth registered after seven quarters when the cou…
“The Philippine economy is leading all Asian countries in the growth of projected gross domestic product based on the International Monetary Fund report in April.”
Vera Files rated this: False
Vera Files says: The Philippines does not have the highest projected GDP growth among Asian countries. It ranks fourth in the IMF’s 30 emerging and developing economies in the region, with a projected GDP growth of 6%. Palau holds the t…
“The Philippines is leading [in] economic recovery and performance not only in the Asia-Pacific but also in the world.”
Vera Files rated this: False
Vera Files says: In Southeast Asia alone, the Philippines’ gross domestic product (GDP) is the eighth slowest to recover from the recession brought by the COVID-19 pandemic, data from the IBON Foundation show. Data from the ASEAN Statis…
“The increase in the country's 8.1% inflation rate posted in December 2022 is slowing.”
Vera Files rated this: Needs context
Vera Files says: While there was indeed a slowdown in the country’s inflation rate in the last month of 2022, it is still the highest recorded since the 9.1% posted in November 2008. It is also the fastest in 14 years, financial data an…
“0.5% drop in unemployment rate resulted in 1.2M new jobs”
FactRakers rated this: Misleading
FactRakers says: Official labor force surveys don't support the claim
“Philippine inflation rate is around 5.5%”
FactRakers rated this: MISLEADING
FactRakers says: No official report that the Philippines' 7.7% inflation rate had gone down to 5.5% at the time of Marcos' speech
“The Philippines is Asia's fast-growing economy”
FactRakers rated this: Misleading
FactRakers says: Malaysia posted fastest growth in the region
“The Marcos administration is getting closer to bringing down the price of rice to P20 per kilo now that the staple is sold at P25 per kilo.”
Vera Files rated this: Needs context
Vera Files says: Based on the Department of Agriculture’s price watch, rice was sold at P38-50 per kilo in public markets in Metro Manila. The P25 per kilo rice is available only in Kadiwa ng Pasko caravan stores which operate in limite…
“Ferdinand Marcos Jr. withdrew interest earnings from the World Bank during his 2022 visit to New York”
Vera Files rated this: False
“The Marcos family "had no chance" to respond to the P203-billion estate tax case when it was in court because they were in exile in Hawaii.”
Vera Files rated this: False
Vera Files says: The Supreme Court, in its 1997 ruling on the case, noted that the Bureau of Internal Revenue (BIR) issued around 30 notices of levy to “satisfy” the estate tax and deficiency income taxes on the properties of the Marcos…