Next year's proposed P5.268-trillion national budget has social safety nets that seek to support economic recovery amid the uncertainties brought mainly by the Russia-Ukraine conflict and the COVID-19 pandemic, Senator Sherwin Gatchalian said on Friday, November 18. Gatchalian made the statement...
The country’s economic recovery is gaining traction with the better than expected growth seen in the third-quarter, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the 7.6 percent gross domestic product (GDP) in July to September reflected the “many good news...
The Philippine economic growth accelerated in the third quarter this year, which coincided with the first three months of the Marcos administration, despite surging consumer prices, depreciating peso and heightened uncertainty about the global economy. In a briefing on Thursday, Nov. 10,...
The Department of Finance (DOF) is optimistic that the rosy domestic labor market would fuel consumer spending that supports the country’s economic recovery from the prolonged-pandemic. In a statement on Wednesday, Nov. 9, Finance Secretary Benjamin E. Diokno said the latest Labor Force Survey...
The economy grew better than initially estimated in the second-quarter of the year, given the strong contributions of construction, real-estate, and manufacturing sectors. The Philippine Statistics Authority (PSA) on Wednesday, Nov. 9, slightly raised upward its April to June economic growth, or...
President Ferdinand "Bongbong" Marcos Jr. is elated by the declining number of unemployed Filipinos, saying it was a "good sign" that the economy has started to recover from the Covid-19 pandemic. (ALI VICOY / MANILA BULLETIN) Marcos said this after the Philippine Statistics Authority (PSA)...
The Department of Finance (DOF) expects more investments will still enter the Philippines despite the negative outlook on the country’s credit ratings. In a statement, Finance Secretary Benjamin E. Diokno said he remains optimistic about the country’s attractiveness to investors, saying Fitch...
Climate change poses a significant threat to the country’s development that would potentially result in higher economic and human costs particularly for the poor, the World Bank said. Souleymane Coulibaly, World Bank lead economist said climate shocks would negatively affect the country’s...
Go Negosyo founder Joey Concepcion called for postponing the work-from-home arrangements to next year as mobility during the last quarter of the year is essential to keep the economy afloat. Go Negosyo founder Joey Concepcion (Noel Pabalate / Manila Bulletin) "The fourth quarter of 2022 will be...
Staying true to his pronouncement that he will engage the private sector in government initiatives, President Ferdinand "Bongbong" Marcos Jr. met with two private sector groups this week to tackle plans for economic recovery and the tourism industry. President Ferdinand 'Bongbong' Marcos Jr. meets...
Over 100,000 jobs will be generated in the Information Technology and Business Process Management (IT-BPM) sector should the investment pledges the country got from President Ferdinand "Bongbong" Marcos Jr.'s trip to New York materialize, the state media said. President Ferdinand 'Bongbong' Marcos...
Almost $4 billion in investments from multiple sectors could be generated from President Ferdinand "Bongbong" Marcos Jr.'s working visit to New York City last week , Malacañang revealed. President Ferdinand 'Bongbong' Marcos Jr. talks to the media as he concludes his six-day working visit to New...
