Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
Six out of 45 projects flagged as problematic in 2023 by the Department of Economy, Planning, and Development (DEPDev) have been removed from the list of critical-stage projects, a top official said. This, as DEPDev’s 2024 Official Development Assistance (ODA) Portfolio Review Report released on...
Citing a lackluster performance that the Philippine economy has been showing since its recovery from the Covid-19 pandemic, climbing to the high-income-status target 15 years from now could be impossible, the country’s chief socioeconomic planner stated. Department of Economy, Planning, and...
Even with the weaker-than-expected gross domestic product (GDP) growth figures last year and in recent quarters, the Department of Finance (DOF) argued that the Philippine economy grew at an average rate of 5.9 percent—among the fastest-growing Asian economies—since President Ferdinand Marcos...
Executive Secretary Lucas P. Bersamin recently received a landmark report that seeks to strengthen maritime and coastal development in Luzon and other parts of the country. “The Philippine Blue Economy” is the product of a series of multi-sectoral roundtable discussions that gathered close to...
The Economy and Development (ED) Council has approved the North-South Commuter Railway (NSCR) operations and maintenance project, valued at around ₱229.3 billion, during its second meeting on Tuesday, July 15. Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M....
Fifteen years from now, the Philippine economy could accelerate by 6.8 percent yearly if the country continues to improve regional connectivity, productivity, and resource allocation, the Washington-based World Bank stated. According to the multilateral lender’s latest report on Philippine growth...
While several big-ticket government projects in the pipeline threaten to widen the Philippines’ current account deficit and put pressure on the trade balance, Germany-based Deutsche Bank said this could ultimately benefit the country’s economic growth and strengthen the peso in the long run....
Two senators are hopeful that the proposed Blue Economy Act will be recognized as a national priority in President Marcos ' State of the Nation Address (SONA) on July 28. "I’m hopeful that some of the key measures we’ve already filed, like the proposed Blue Economy Act, will be recognized...
Amid rising concerns over online gambling, one of the country 's top economic officials proposed leveraging e-wallets as a tool for taxation. As President Marcos’ economic managers have yet to finalize their collective stance, Department of Economy, Planning, and Development (DEPDev)...
Vice President Sara Duterte labeled President Marcos’ remarks about the Middle East conflict on Philippine economy as “intellectually challenged,” the same term she used to describe some other officials of the Marcos administration. “Well, we’re not surprised. We have leaders who are...
Seven priority bills ratified by the House of Representatives before the 19th Congress ended two weeks ago are expected to be signed by President Ferdinand Marcos Jr., making the total priority measures the highest number of enacted laws since the 10th Congress. Reports showed that the 19th...
