Sleeping on a bed while in the air was once a dream limited solely to business-class flyers, but one airline is making it more accessible to economy flyers. Air New Zealand recently unveiled the Economy Skynest sleeping pods made for their new Boeing 787-9 Dreamliner flights. Customers can soon...
President Marcos declared April 10 to 16 of every year as Economy, Planning, and Development Week. Marcos made the declaration through Proclamation No. 1205, which also proclaimed the 10th of April of every year as the Department of Economy, Planning, and Development (DEPDev) Day. Proclamation No....
The research arm of Frankfurt-based Deutsche Bank believes the Bangko Sentral ng Pilipinas (BSP) could eventually hike the 4.25-percent key interest rate over upcoming policy meetings, but the cycle could end after a maximum of three hikes as the Philippines still grows below potential. “Prices...
Let us now examine the record of the Benigno Aquino III Administration (2011 to 2016) in fiscal management. This administration anchored its economic agenda on inclusive growth driven by good governance and anti-corruption reforms. The central premise was that restoring credibility in public...
The Philippine economy, long a darling of emerging market growth, is shifting into a defensive war footing. As Brent crude flirts with atmospheric heights and the Middle East conflict continues to choke the Strait of Hormuz—the world’s most vital energy artery—President Ferdinand Marcos Jr....
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
While Philippine monetary authorities maintained the current policy rate at 4.25 percent in a rare off-cycle meeting, the Bangko Sentral ng Pilipinas (BSP) said it would hike key interest rates if second-round effects from war-driven oil supply shocks occur. “Once we see second-round effects from...
It comes as a bit of a surprise that Jack Ma, founder of Alibaba—China’s largest private company—names Southeast Asia, rather than China, as the world’s next global economic juggernaut. Ma recently returned to Alibaba following years of Chinese government crackdowns on major tech firms that...
Former Department of Tourism (DOT) Secretary Christina Garcia-Frasco pledged to support Filipino workers and communities as she takes on her new post as Presidential Adviser for Sustainable and Resilient Communities. On Thursday, President Ferdinand “Bongbong” Marcos Jr. appointed Frasco to...
The country’s infrastructure program faces potential cost increases from rising global oil prices but construction projects nationwide will continue as planned, Department of Public Works and Highways (DPWH) Secretary Vince Dizon said Tuesday, March 10. Dizon said many government infrastructure...
The Department of Social Welfare and Development (DSWD), as chair of the 2026 Association of Southeast Asian Nations (ASEAN) Socio-Cultural Community (ASCC), is prioritizing investments in the “silver economy” to promote active aging among senior citizens across the region. DSWD Secretary Rex...
Malacañang said that President Marcos was indeed worried over the impeachment complaints filed against him, not for himself, but for the country 's economy. Palace Press Officer and Communications Undersecretary Claire Castro has reiterated that the filing of impeachment complaints against...
