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...
Malacañang has attributed the 7.6 percent economic growth to President Ferdinand "Bongbong" Marcos Jr. "good economic stewardship." President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "President Ferdinand R. Marcos Jr.’s good economic stewardship resulted in the Philippines posting 7.6...
Filipinos have not let high inflation rate stop them from spending in 2022, as the Philippine Statistics Authority (PSA) reports that the country’s economic growth performed better than expected last year to a record growth in more than four decades due to revenge spending. The economy, as...
Filipino businesses are wary of achieving sustained growth this year as the continued rise in prices of goods are expected to fuel clamor for wage hikes and eventually dampen the domestic economy. George T. Barcelon, president of the Philippine Chamber of Commerce and Industry (PCCI), expects the...
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...
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
