PH can sustain growth momentum—NEDA By Chino S. Leyco The National Economic and Development Authority (NEDA) is confident that the country’s growth momentum will be sustained driven by robust domestic consumption following the prolonged pandemic. In a statement on Tuesday, Dec. 6, Socioeconomic...
The World Bank raised its gross domestic product (GDP) outlook for the Philippines to 7.2 percent this year from an earlier projection of 6.5 percent in September. The Washington-based multilateral institution said Tuesday, Dec. 6, that the upward revision was driven by “robust domestic...
Various business and think tank groups have strongly opposed the planned Maharlika Wealth Fund (MWF), a Philippine government version of a Sovereign Wealth Fund (SWF), stating the proposal under House Bill 6398 will not amount to wealth creation but instead puts at risk peoples’ pension money in...
President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
The Department of Public Works and Highways (DPWH) has targeted to open the initial 10.7 kilometer central portion of the 45.5 kilometer Davao City Bypass Construction Project by 2024 as it accelerates excavation works in the twin-tube road mountain tunnel. DPWH Senior Undersecretary Emil K. Sadain...
When he passed away at age 96 last Nov. 30, former president Jiang Zemin was acclaimed by the Communist Party of China in a published letter to its members: “(His) death is an incalculable loss to our Party and our military and our people of all ethnic groups.” Jiang served as president of...
Filipino CEOs highlighted the opportunities and strength of the Philippines and the domestic economy as the main reason the country is being dubbed as the “next best thing in Asia.” At the 55th Annual Dialogues Summit of the Pacific Basin Economic Council (PBEC), Aboitiz Group President and...
The economic team of President Marcos will keep the government’s growth target this year despite the higher than expected pace of expansion recorded in the third quarter. Finance Secretary Benjamin E. Diokno said the inter-agency Development Budget Coordination Committee (DBCC) will keep its...
President Ferdinand "Bongbong" Marcos Jr.'s administration has been doing "all the right moves" to achieve economic transformation for the country, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of the Office of the President) In a statement on Tuesday, Nov. 29, Office...
The best is yet to come in terms of the country's economic recovery under the Marcos administration. House Speaker Martin Romualdez (Speaker's office) House Speaker Martin Romualdez confidently made this declaration Tuesday morning, Nov. 29 at Business World's Economic Forum held at the Grand Hyatt...
President Ferdinand R. Marcos Jr., the through the National Economic and Development Authority (NEDA) Board, approved one new project funded through official development assistance (ODA), and also changes on five ongoing projects. According to the agency’s report issued on Thursday, Nov. 24, the...
Aboitiz Infra Capital, the infrastructure arm of the Aboitiz Group, is investing about P2 billion to expand its economic estates, primarily for its Lima Estate in Lipa and Malvar, Batangas. Aboitiz InfraCapital First Vice President Rafael Fernandez de Mesa said during the Laging Handa Public...
