The National Innovation Council (NIC) has greenlit the creation of a think tank to prepare the Philippines for the emergence of artificial intelligence (AI). In a statement on Friday, March 28, the state planning agency National Economic and Development Authority (NEDA) said NIC last Wednesday,...
Elections and related spending no longer provide the same economic boost as they once did. As a result, an economist at Ateneo de Manila University expects the Philippine economy to grow below goal this year, despite the upcoming midterm elections in May. Luis Dumlao, associate professor and senior...
Flights to China, Hong Kong, and Taiwan from Ilocos Norte’s Laoag International Airport may soon return as the province aims to transform into Southeast Asia’s economic hub through public-private partnership (PPP). This plan is included in the memorandum of agreement (MOA), signed on Friday,...
It’s no news that carbon dioxide traps heat, causing a warming climate. But what helps trap the former? More importantly, what does so in large amounts? Forests, oceans, and soils all play a vital role in taming the Earth’s rising temperatures by acting as carbon sinks. This means they absorb...
The government is offering tax deductions to private donors supporting six priority programs in this year's list of the state planning agency National Economic and Development Authority (NEDA). Earlier this month, NEDA came out with the 2025 National Priority Plan (NPP), which listed down key...
Following the Philippines' disappointing economic performance in 2024, hitting even the lower end of the government’s six-to eight-percent growth target this year could be challenging, according to the Philippine Institute for Development Studies (PIDS). “Nevertheless, PIDS remains optimistic,...
To bolster public trust, the Philippine Statistics Authority (PSA) should spearhead the development of a clear and reliable nationwide data management system, ensuring accuracy and consistency. In a policy note on artificial intelligence (AI) released Friday, Feb. 7, the National Economic and...
The economy maintained its growth momentum in the fourth quarter of 2024, but the full-year expansion fell short of the government's targets, the Philippine Statistics Authority (PSA) reported. The country’s economy, as measured by the gross domestic product (GDP), grew by 5.2 percent from...
While the Philippine economy has likely accelerated further in the last three months of 2024, majority of the private-sector economists polled by Manila Bulletin doubt its degree was enough to reach the government’s growth target. Following the lower-than-expected quarter-three gross...
International investors on artificial intelligence (AI) have flocked over the Philippines following President Marcos’ chief economic manager’s statement on the country’s strategic advantages, which make it an ideal partner in the future economy. During the four-day World Economic Forum...
The Department of Trade and Industry (DTI) is exploring a partnership with the World Economic Forum (WEF) aimed at boosting job creation and workforce resilience in the Philippines. In a statement, the DTI said this potential collaboration “promises to unlock new opportunities and empower the...
FOR MONDAY Department of Trade and Industry (DTI) Secretary Cristina Roque emphasized the Philippines' commitment to innovating its trade financing and digital development during the 2025 World Economic Forum (WEF). Speaking before the Innovative Trade Financing Forum, Roque said the Marcos...
