Anchoring it on average gross domestic product (GDP) growth rate of 6.0 to 8.0-percent, the Department of Energy (DOE) had cast an industrialization pace for the country as articulated in the updated Philippine Energy Plan (PEP) stretching through year 2050. “Consistent with the industrialization...
Sovereign credit ratings may seem complicated, but they are essentially evaluations of a country's financial well-being. These ratings determine the likelihood of a country meeting its financial commitments and have significant effects on important economic factors that directly impact the lives of...
Finance Secretary Benjamin E. Diokno called upon his regional counterparts to join forces and actively collaborate in overcoming the diverse challenges hindering Southeast Asia's recovery from the Covid-19 pandemic. At the 10th ASEAN Finance Ministers and Central Bank Governors’ Meeting in...
The Department of Finance (DOF) said the Philippines maintains its position as the fastest-growing economy in Southeast Asia, surpassing its regional peers despite the second-quarter slowdown. Finance Secretary Benjamin E. Diokno said the country’s gross domestic product (GDP) average growth of...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expects that speeding up government spending during the second half of the year could improve the country’s growth rate by the end of 2023. NEDA Secretary Arsenio Balisacan (Photo from the Presidential Communications...
Senator Ronald “Bato” Dela Rosa on Monday, August 21 claimed he was “taken out of context” over his statement saying Filipinos should bear more children to help lower the country’s debt per capita. Sen. Ronald "Bato" Dela Rosa (Senate PRIB Photo) In a phone interview, Dela...
The local stock market fell after the government reported slower economic growth for the second quarter of 2023. The main index lost 80.79 points or 1.24 percent to close at 6,449.66 as the Mining and Oil counter led all sectors in the retreat. Volume was still weak at 513 million shares...
The Marcos administration's economic managers on Thursday, Aug. 10, recommended an accelerated government spending in the coming quarters to recover its growth momentum following the 4.3 percent expansion of the country's gross domestic product (GDP) in the second quarter of 2023. (File...
The local stock market dropped after the government reported a much lower economic growth rate for the second quarter of 2023. As of 10:50 this morning, the PSEi was down 63.51 points or 0.97 percent at 6,466.94 with all sectors declining, led by Banks. There were 84 losers to 43 gainers with 43...
Department of Budget and Management (DBM) Secretary Amenah Pangandaman on Thursday, Aug. 3, denied that the agriculture sector will get a lower budget allocation under the proposed P5.768-trillion National Expenditure Program (NEP) for 2024. Budget Secretary Amenah Pangandaman (RTVM screenshot) She...
The Maharlika fund would be invested in agriculture, infrastructure, and energy development, President Ferdinand “Bongbong” Marcos Jr. said on Tuesday, July 18, after signing into law the bill creating the Maharlika Investment Fund (MIF) and allaying fears of fund mismanagement. President...
Senior Deputy Speaker Pampanga 3rd district Rep. Aurelio "Dong" Gonzales Jr. (Facebook) The Philippines can do better than the upgraded Gross Domestic Product (GDP) forecast of the World Bank (WB), as far as Senior Deputy Speaker Pampanga 3rd district Rep. Aurelio "Dong" Gonzales Jr. is concerned....
