Raising the minimum wage by ₱200 would have “dangerous repercussions,” including hurting the Philippine economy, small business owners, and driving a spike in consumer price hikes, according to the Marcos administration’s economic managers. This comes as the public has intensified their...
The Department of Budget and Management (DBM) has released a total of ₱1.3 billion to support the ongoing implementation of the Electronic Gates (E-gates) Project in major international gateways across the country. “The DBM already released the budget allocation for the E-gates Project for...
The government is looking to include 4,240 priority programs and projects (PAPs), with an investment requirement totaling about ₱4.71 trillion, in the 2026 national budget proposal to sustain public investments—especially in infrastructure and regional development. According to the Department...
Senator-elect Panfilo “Ping” Lacson urged President Ferdinand “Bongbong” Marcos Jr. to act quickly on the pending courtesy resignations of his Cabinet members, noting that the jockeying for positions in the Cabinet has intensified. Lacson said the President should do this to avoid...
The Philippines ' annual economic growth is expected by the World Bank Group (WBG) to remain below six percent this year until 2031. Its newest country partnership framework (CPF) for the Philippines, covering fiscal years (FYs) 2026 to 2031, showed that the WBG forecasts Philippine gross...
Reelected Senator Imee Marcos on Tuesday, May 27 said the newly established Department of Economic Planning and Development (DEPDev) must take the lead in crafting the proposed 2026 national budget, not Congress. Formerly known as the National Economic and Development Authority (NEDA), DEPDev,...
Economic managers vowed to ramp up their efforts and reaffirm their commitment to improved performance, even prompting President Marcos’ chief economic manager to also recalibrate the Department of Finance (DOF). This came after President Ferdinand Marcos Jr. decided to retain them, along with...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
After calling on his Cabinet secretaries to resign, President Marcos challenged them to complete all projects under their agencies on time and on budget. Speaking during the presentation of two new laws—Republic Act (RA) 12145 and RA 12180—at the Malacañan Palace on Thursday, May 22, Marcos...
President Marcos will "keep an eye," not literally sit, on the 2026 budget deliberations, Malacañang clarified. Palace Press Officer and Communications Undersecretary Claire Castro said the President 's pronouncement to oversee the budget process was merely to express that "he will keep an...
Budget Secretary Amenah F. Pangandaman has approved the creation of 10,000 non-teaching positions to strengthen the education workforce and support the growing operational needs of public schools across the country. Pangandaman confirmed in a statement released Thursday, May 22, that the agency...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
