The country’s next president, who will be chosen this coming May in the national and local polls, will inherit a lot of good things from the Duterte administration. President Rodrigo Duterte (Malacañang photo) Thus, said Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles in a...
Despite a budget deficit breaching the P1 trillion mark, the national government’s revenue collections remained strong last year, an indication that the country is poised to achieve a robust economic recovery, a ranking finance official said. Finance Undersecretary Gil S. Beltran said there were...
The National Economic and Development Authority (NEDA) said the Omicron variant will not slam the Philippines' growth prospects for the year, saying the fresh blow of tighter quarantine controls is only temporarily. Two years into the COVID-19 pandemic, Socioeconomic Planning Secretary Karl...
The Philippine economy on its way to recover lost ground, but should remain alert and not let its guard down as Omicron variant poses a threat to public health, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said on Monday, Dec. 20, 2021, that the higher-than-expected...
The Department of Finance (DOF) is confident that the higher 7 percent economic growth target set by the Duterte administration for the year is doable given the renewed consumer and business confidence in the last quarter. Finance Secretary Carlos G. Dominguez III said on Wednesday, Dec. 15, that...
The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
The Manila-based Asian Development Bank (ADB) has raised its economic growth outlook for the Philippines due to improving coronavirus (COVID-19) situation and the acceleration in the government’s inoculation program. Based on the supplement to the Asian Development Outlook (ADO) 2021 on Tuesday,...
The World Bank said the Philippines is facing weaker long-term growth due to lower capital investment as well as loss of human and intangible capital. Without mitigation measures, the Washington-based multilateral institution warned that the country’s long-term growth potential will be only at...
And the promising projections keep coming for the Philippines. Cabinet Secretary Karlo Nograles (Screenshot from Facebook live) Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles reported on Tuesday, Dec. 7 that New York-based think tank Global Source Partners has pegged the...
President Duterte expressed confidence that the Philippine economy can bounce back next year owing to the glowing outlook that global investment banking firm Goldman Sachs has for the country. President Rodrigo Duterte (Malacañang photo) Duterte said that according to Sachs, the Philippines "is...
The Philippine economy will likely get back into its previous growth path by the end of next year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the November issue of the Market Call, FMIC and UA&P said business optimism...
President Duterte has welcomed the third quarter year-on-year increase of 7.1 percent in the Philippines’ gross domestic product (GDP), calling it a "beautiful blessing". President Rodrigo Duterte speaks during his “Talk to the People” public briefing on November 15, 2021. (Malacañang photo)...
