President Ferdinand “Bongbong” Marcos Jr. had been invited by World Economic Forum (WEF) Founder and Executive Chairman Klaus Schwab to attend the forum in January 2023, the Office of the Press Secretary (OPS) confirmed on Saturday, Nov. 12. President Ferdinand Marcos Jr (center), Speaker...
The Philippines joined other ASEAN member states and the United Kingdom in endorsing the work plan for the implementation of the ASEAN-UK Joint Ministerial Declaration on Future Economic Cooperation during the 2nd ASEAN Economic Ministers-UK Consultations held at the sidelines of the 40th and 41st...
The country’s economic recovery is gaining traction with the better than expected growth seen in the third-quarter, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the 7.6 percent gross domestic product (GDP) in July to September reflected the “many good news...
The Philippines and South Korea have agreed to further strengthen supply chain cooperation, according to Trade and Industry Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo. The two parties affirmed to prioritize supply chain and energy cooperation to further expand...
The Philippine economic growth accelerated in the third quarter this year, which coincided with the first three months of the Marcos administration, despite surging consumer prices, depreciating peso and heightened uncertainty about the global economy. In a briefing on Thursday, Nov. 10,...
Importers are batting for the extension of Executive Order 171 to counter the continuing adverse impact of the Russia-Ukraine war on consumer prices, but local producers strongly opposed the petition stressing the reduced import tariff did not benefit consumers and it is time to protect local...
The Department of Finance (DOF) is optimistic that the rosy domestic labor market would fuel consumer spending that supports the country’s economic recovery from the prolonged-pandemic. In a statement on Wednesday, Nov. 9, Finance Secretary Benjamin E. Diokno said the latest Labor Force Survey...
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...
President Ferdinand "Bongbong" Marcos Jr. is elated by the declining number of unemployed Filipinos, saying it was a "good sign" that the economy has started to recover from the Covid-19 pandemic. (ALI VICOY / MANILA BULLETIN) Marcos said this after the Philippine Statistics Authority (PSA)...
The Department of Finance (DOF) expects more investments will still enter the Philippines despite the negative outlook on the country’s credit ratings. In a statement, Finance Secretary Benjamin E. Diokno said he remains optimistic about the country’s attractiveness to investors, saying Fitch...
The National Economic and Development Authority (NEDA) vowed to create a more enabling regulatory and investment climate that supports businesses in the country as the private sector plays a critical role in boosting job creation and reducing poverty. In his remarks at the US-ASEAN Business Council...
The National Economic and Development Authority (NEDA) said policies against climate change will have a pivotal role in upcoming development plans as these are much needed to achieve inclusive economic growth for the country. In a statement on Thursday, Oct. 27, Socioeconomic Secretary Arsenio M....
