Albay 2nd district Rep. Joey Salceda said he knows a way to save the Philippines some P1.4 billion in fuel costs everyday amid the current volatility in the world crude market. (File photo/ MANILA BULLETIN) “The situation in the global markets will take a while to stabilize. Meanwhile we are...
The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements. In a research note, Finance Chief Economist Gil S. Beltran said on Thursday, Feb. 17, that headline...
The Philippines Manufacturing Purchasing Managers’ Index (PMI) fell to 50.0 in January this year from 51.8 in the last month of 2021 as the local manufacturing sector struggled due to repercussions of typhoon Odette, paired with stricter movement controls amid rising coronavirus cases, the IHS...
The Duterte administration registered a strong fiscal performance last year that enabled the government to maintain macroeconomic stability and helped maintain investor confidence, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil S. Beltran said as he pointed out...
The ASEAN+3 Macroeconomic Research Office (AMRO) expects the Philippine economy will grow at a much slower pace this year after the highly transmissible Omicron variant rattled the services sector’s recovery. In its ASEAN+3 Regional Economic Outlook released on Tuesday, Jan. 25, the regional...
The Department of Finance (DOF) urged authorities to be “more liberal” with importations after prices of meat and fish rose at a much faster pace in November compared with the previous month. In an Economic Bulletin on Monday, Dec. 13, Finance Chief Economist Gil S. Beltran noted that meat...
The ASEAN+3 Macroeconomic Research Office (AMRO) cut its economic growth outlook for the Philippines due to recurring new waves of coronavirus infections followed by the retightening of containment measures. The regional macroeconomic surveillance organization on Thursday, Oct. 7, tempered its 2021...
Local manufacturers registered a slight expansion in operating conditions in July as the prolonged coronavirus pandemic continued to drag down domestic demand and production levels, the latest IHS Markit survey showed. IHS Markit Philippines Manufacturing Purchasing Managers’ Index settled at...
The Philippines may suffer long-lasting economic losses owing to prolonged coronavirus pandemic that took a heavier toll on small businesses and low-income families, think-tank Moody’s Analytics said. Makati CBD skyline Steven Cochrane, Moody’s Analytics chief economist for Asia-Pacific said...
Poor Filipino families have to contend living in a 6.4 square meter space, the size of a billiard table, while the wealthy comfortably stay in their 38.5 square meter homes. Economist-Congressman Stella Luz Quimbo (Photo credit: https://www.bdo.com.ph/) This was stressed by Economist-Congressman...
