The Philippines’ economic growth will maintain its progress this year only if effective policy responses are being implemented, researchers from the Philippine Institute for Development Studies (PIDS) said. In a study titled “Macroeconomic Outlook of the Philippines in 2023–2024: Prospects...
The Marcos administration has expressed optimism that it is possible to attain a single-digit poverty rate by 2028 through President Marcos' catch-up plan to increase economic growth and ensure a high inclusivity rate of such growth. File photo National Economic and Development Authority (NEDA)...
The country’s economy surged in the third-quarter on the back of higher consumer spending, the Philippine Statistics Authority (PSA) reported on Thursday, Nov. 9. The economy, as measured by the gross domestic product (GDP), grew by 5.9 percent in July to September this year, stronger compared to...
The Department of Finance (DOF) said the country's growth prospects continue to be robust despite the slowdown experienced in the first half of the year. Depiste global headiwnds, Finance Secretary Benjamin E. Diokno said the government is committed to achieve a gross domestic product (GDP) growth...
Finance Secretary Benjamin E. Diokno admitted that China's economic slowdown would have a minor impact on the Philippines. At the ASEAN Roundtable in Marrakech, Morocco, the government's chief economic manager said that China's economic slowdown would have an impact on Philippine exports. ...
CANDON CITY, Ilocos Sur – A prominent business leader expressed optimism that the country can still achieve a six percent economic growth in 2023 despite a global slowdown. AMBASSADOR Francis Chua (left), chairperson of the Bank of Commerce, with Pandesal Forum moderator Wilson Lee Flores....
The government remains confident of the six percent to seven percent target rate by the year-end, the National Economic and Development Authority (NEDA) said. NEDA Secretary Arsenio M. Balisacan said the slowdown in the second quarter could be offset by fiscal spending in the third quarter,...
With successive cost spikes already running on its 11th week, the consumers’ drive to the gasoline stations will mimic another episode akin to squeezing blood from stone as petroleum prices will incur hefty increases next week, based on the calculation of the oil companies. According to the...
The Department of Energy (DOE) is engaging the relevant industry stakeholders so they can contribute insights and inputs in the updating of the Philippine Energy Plan (PEP) 2030-2050. The energy department advised that the Luzon leg of its information, education and communication (IEC) campaign on...
Visiting Australian Foreign Minister Penny Wong announced that Australia would provide AU$89.9 million in Official Development Assistance (ODA) to the Philippines to support economic, education, and Mindanao peace programs. (From left) Foreign Affairs Secretary Enrique Manalo and Australian Foreign...
NIGHT OWL Anna Mae Lamentillo This week, the Association of Southeast Asian Nations (ASEAN) Member States conducted the 3rd ASEAN Digital Ministers Meeting (ADGMIN), ASEAN Digital Senior Officials Meeting (ADGSOM) and Related Meetings with Dialogue Partners with the Philippines as host. The...
President Ferdinand "Bongbong" Marcos Jr. said that the Philippines is moving in the right direction while it continues to recover from recent shocks. President 'Bongbong' Marcos Jr. (PCO Screenshot) Marcos said this after the Philippine Statistics Authority (PSA) reported Thursday that the...
