The drop in Philippine inflation reflects weaker demand as consumers' pockets hurt by high prices and interest rates dry up, according to Deutsche Bank Research. Citing the over four-year low headline rate, Deutsche Bank's economist for the Philippines Junjie Huang said in an Oct. 4 report that "if...
The World Intellectual Property Organization (WIPO) reported that the Philippines climbed to 53rd place among 133 economies in the Global Innovation Index (GII), reflecting increased efforts to strengthen innovation. In a statement, the National Economic and Development Authority (NEDA) said the...
The Bureau of Internal Revenue (BIR) vowed to rigorously enforce the Anti-Agricultural Economic Sabotage Act in a bid to combat illicit trade in the agricultural sector. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said that all bureau personnel will be mobilized to ensure the effective...
The squeeze on consumers’ pockets at the pumps will be leaner after all as global oil prices suddenly crashed at end-week trading on Friday (September 27), according to the oil companies. The industry players estimated that gasoline price increase had softened to P0.10 to P0.50 per liter,...
"This is not just another policy, it is your battle cry." President Marcos said this as he assured local farmers and fisherfolk of the government's stronger resolve in protecting and uplifting their lives through the newly signed Republic Act (RA) No. 12022 or the Anti-Agricultural Economic...
House Speaker Martin Romualdez (Facebook) Speaker Martin Romualdez played up during plenary session on Wednesday night, Sept. 25 the contributions made by the House of Representatives, and Congress in general, to the economic...
The National Economic and Development Authority (NEDA) has urged the swift passage of the Konektadong Pinoy Bill to ensure improved internet access. After the sixth Legislative-Executive Development Advisory Council (LEDAC) meeting on Sept. 25, NEDA released a statement indicating that the...
The Anti-Agricultural Economic Sabotage Act will give more teeth to government efforts against smugglers whose illegal activities are hurting the country’s farmers, fisherfolk as well as Filipino consumers, Senate President Francis “Chiz” Escudero said. The Anti-Agricultural Economic...
Courtesy of Tangere Market research company Tangere revealed that six out of 10 Filipinos remain supportive of proposals to amend the economic provisions of the 1987 Philippine Constitution, based on a survey conducted from Sept. 18 to 20. The survey results showed that 61.4 percent of Filipinos...
The National Economic and Development Authority (NEDA) has underscored the pivotal role of a robust middle class in driving the Philippines' sustained economic growth and development. In a keynote address at the 10th Annual Public Policy Conference, NEDA Secretary Arsenio M. Balisacan emphasized...
The government is intensifying its commitment to sustainable growth and climate resilience through investments in infrastructure and innovation, the National Economic and Development Authority (NEDA) said. At the Fourth Philippines-Singapore Business and Investment Summit, NEDA Secretary Arsenio M....
This year's US presidential election and the Philippines' midterm polls next year, among other geopolitical and climate events, pose risks to near-term economic outlook here and abroad, according to the Washington-based Institute of International Finance (IIF). "Political uncertainties and policy...
