National Economics and Development Authority Arsenio M. Balisacan said that the P35 wage hike in Metro Manila will not greatly impact the economic growth as well as employment numbers. During a press briefing in Malacañang, Balisacan said that around 40,000 to 140,000 workers may be affected by...
The local stock market started the week on a positive note ahead of the release of several important economic data in the Philippines and the US. The main index added 36.68 points or 0.56 percent to close at 6,529.43, although half the sub-indices retreated. Volume rose to 447 million shares worth...
Senator Imee Marcos has called on the National Economic Development Authority to publicize the details of its board meeting that led to the government’s controversial decision to cut the tariff on imported rice to 15 percent up to 2028. Sen. Imee Marcos attends Thursday’s hearing of the...
The Philippine Stock Exchange (PSE) edged lower as investors took profits before the bourse closed for the weekend. The PSE index shed 14.74 points or 0.23 percent to close at 6,492.75 with sectoral indices evenly divided. Volume decreased to 455 million shares worth P4.24 billion as losers...
President Marcos said the government intends to start the improvement works for the Jolo Airport Development Project in Sulu soon. President Ferdinand 'Bongbong' Marcos Jr. leads the distribution of assistance to farmers and fisherfolk in Patikul, Sulu on July 5, 2024. (Photo courtesy of PPA/KJ...
The commercial operations of the P7.0 billion Palayan binary geothermal power project of Energy Development Corporation (EDC) will partly quench the energy thirst of the Luzon grid, as this will add up 28.9 megawatts into the system. The facility serves as an expansion of its 140MW Bacon-Manito...
Department of Human Settlements and Urban Development Sec. Jose Rizalino Acuzar and Clark Development Corporation Chief Executive Officer Agnes Devanadera sign a memorandum of understanding on July 4, 2024 which will allow the establishment of 50,000 housing units in Clark. (Photo by DHSUD) The...
The local stock market rose further as investors place their bets a day before the government announces the July inflation rate. The main index added 57.46 points or 0.89 percent to close at 6,507.49 as the Services and Financials sectors led the advance while Conglomerates lagged behind. Volume...
Filipino individuals had a higher total income last year, exceeding the target range set in the government’s Philippine Development Plan 2023-2028, the National Economic and Development Authority (NEDA) said. Based on the World Bank report, NEDA stated that the country’s gross national income...
The National Economic and Development Authority (NEDA) is considering including children in their first 1,000 days in the government’s cash grant beneficiaries to avoid stunting and other nutrition issues. NEDA Secretary Arsenio M. Balisacan told reporters that the cash benefit from the Pantawid...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the country's gross national income (GNI) per capita must have a 6.7 percent growth to be able to reach the upper middle-income status. On the sidelines of the launch of National AI Strategy Roadmap 2.0, Balisacan...
Local share prices jumped on news that the US Federal Reserve believes is seeing progress in efforts to control inflation. The main index rose by 91.07 points or 1.43 percent to close at 6,450.03, with Banks leading the charge while Miners still retreated. However, volume was still tepid at 263...
