I asked PNB's Economist and Research Head Alvin Arogo about the 2024 economic results. He said the Philippine economy grew by 5.8 percent during the first 9 months of 2024 and is on track to expand at a faster rate compared to 5.5 percent in 2023. Key components that outperformed were construction...
Strategic planning is more critical than ever as organizations gear up to navigate the challenges and opportunities of the coming year. This period, typically dedicated to annual goal-setting and resource allocation, provides businesses with an opportunity to reflect on past performance and chart a...
Bohol's economy surged by 6.6 percent in 2024, exceeding the national average of 5.5 percent, fueled by a global "revenge travel" phenomenon that revitalized the tourism industry. According to the Philippine Statistics Authority (PSA), Bohol's gross domestic product (GDP) reached P182.4 billion (at...
Goal setting and planning is a good strategic activity, not only for your business but in your personal life as well. But according to my favorite author, Jim Rohn, "The more you talk about your plans and share them with so many people, the less energy you have to actually execute it." Keeping...
Today, technological, economic, social, and financial trends are rapidly reshaping the financial world. Personal assets in Asia continue to grow, pushing capital markets to continue playing their greater role in the Asian region. As you get nearer your retirement age, it’s a good time as any to...
As Christmas draws near amid the raging wars in some parts of Europe and the Middle East, holiday celebrations are muted globally this year. Moreso here in the Philippines, where some regions were hit hard by six tropical cyclones within a 30-day period from mid-October to mid-November 2024....
As the current year comes to a close, we inevitably embark on a new one, always telling ourselves that this year will be better! Here are a few pointers on how to make this a reality. Rid yourself of all the negativity from the past and make space for good things. Have a plan on how to achieve your...
In the eyes of the West, the future of global peace hinges on developments in the Middle East, Russia, and China. NATO chief Mark Rutte recently emphasized that while NATO allies are just beginning to implement a defense spending goal of two percent of gross domestic product (GDP), Russia is...
Sustainability is a popular buzzword, but what does it really mean? The UN Brundtland Commission defines sustainability as "meeting the needs of the present without compromising the ability of future generations to meet their own needs." To delve deeper into sustainability, the Philippine National...
Recently, the Commission on Audit (COA) En Banc affirmed that there was nothing irregular in Development Bank of the Philippines’ (DBP) sale of Philex Mining Corp (PMC) shares in 2009. Recall that the DBP Audit Team filed a notice of charge which alleged that DBP incurred a “loss of opportunity...
By JOEL DABAO As we prepare for 2025, one question looms large: Are we ready to ride the next wave of technology, particularly artificial intelligence (AI)? While AI continues to evolve and promises transformational change, its true potential hinges on two critical factors: digital literacy and...
All of us face two inevitable situations in life – death and taxes. But some people fail to prepare and panic at the last minute. For taxpayers, some only act at the last minute when it is almost a deadline. We have two months before the end of the year, and we know that at the start of January...
