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...
The Philippine economy slowed in the second-quarter amid soaring consumer prices that weakened demand from both businesses and households, the government reported on Tuesday, Aug. 9. Based on the Philippine Statistics Authority (PSA) data, the country’s economy, as measured by the gross domestic...
President Ferdinand "Bongbong" Marcos Jr. is looking forward to the resumption of face-to-face classes this month because it will also trigger a range of economic activities across the country. President Ferdinand Marcos Jr. (Screenshot from Marcos’ vlog via Youtube) In his BBM Vlog #221, titled...
The long-desired “normalcy” and economic breakthrough may only be achieved through a concrete Covid-19 pandemic response, a health reform advocate said on Saturday, Aug. 6. (Tara Yap / Manila Bulletin) “The sooner we achieve our vaccination and booster goals, the faster that we get back on...
The Development Bank of the Philippines (DBP) granted a P2.3-billion loan for a new economic zone in the coastal town of Pilar, Bataan. announced DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan to real estate firm Diamond Land Resources, Inc. (DLRI), owned by New San...
The National Economic and Development Authority (NEDA) said the release of targeted subsidies to the most vulnerable Filipino families will cushion the impact of elevated prices of oil and other commodities. Socioeconomic Planning Secretary Arsenio M. Balisacan said on Wednesday, Aug. 3, that it is...
Camarines Sur 2nd district Rep. Luis “LRay” Villafuerte thinks that, in order to honor the late former President Fidel V. Ramos (FVR), the 19th Congress should pass legislation to further privatize and deregulate the private sector in an attempt to attract foreign direct investments (FDIs)....
The first batch of Filipinos evacuating from Sri Lanka amid the ongoing economic crisis there has arrived in the Philippines, the Department of Foreign Affairs (DFA) announced on Sunday, July 31. 13 Filipino repatriates from Sri Linka (DFA photo) According to the DFA, 13 distressed Filipinos,...
The Department of Finance (DOF) said the government will make sure that gains from economic recovery will trickle down the ordinary Filipinos, saying the Marcos administration has strategic interventions to attain it. In a statement, Finance Secretary Benjamin E. Diokno said Friday, July 29, that...
The country's economic managers should discuss in detail how they will help implement President Ferdinand "Bongbong" Marcos Jr.'s plans for the Philippines as stated in his recent State of the Nation Address (SONA). Senator Chiz Escudero made the call on Wednesday, July 27, saying that while...
President Marcos’ economic team will work closely with Congress, the private sector, and civil society in a unified approach to economic recovery and long-term growth, the Department of Finance (DOF) said. At the Post-State of the Nation Address (SONA) Economic Briefing on Tuesday, July 26,...
The Marcos administration is aiming to raise Filipinos’ average earning to around P20,000 per month in two years, an income level that would propel the Philippines towards the much coveted upper-middle income status. From the current per capita income of $3,549 or roughly P197,692 at current...
