The government said the impact of the ongoing tensions in the Middle East will not have an alarming impact on the country 's economy, at least as of Tuesday, June 24. In a meeting with President Marcos in Malacañan on Tuesday, Department of Economy, Planning, and Development (DEPDev)...
Debt watcher S&P Global has revised upwards its 2025 gross domestic product (GDP) growth forecast for the Philippines to a pace that would make it at par with region’s best performer Vietnam’s projected growth of 5.9 percent. According to the latest report of S&P Global, published on Tuesday,...
Debt watcher Moody’s Ratings said that the Bangko Sentral ng Pilipinas’ (BSP) continued easing of key borrowing costs would cushion the local economy amid a challenging external environment, driven especially by the persisting crossfire between Israel and Iran. “Continued monetary easing will...
The Marcos-led Economy and Development (ED) Council has approved the 10-year extension of the water concession agreements of Maynilad and Manila Water to ensure water supply in Metro Manila, Malacañang said Thursday, June 19. In a Facebook post, the Presidential Communications Office (PCO) said...
More than ₱50 billion in additional government revenues is expected following the approval of a 10-year extension of the concession agreements of major water service providers by the Economy and Development (ED) Council on Wednesday, June 18. The ED Council, chaired by President Ferdinand Marcos...
Washington-based World Bank has retained its below-target 5.3 percent growth forecast for the Philippines in 2025 as heightened policy uncertainties and softer business and consumer confidence continue to weigh on investment, exports, and consumption across the region, including the Philippines....
The country’s tourism industry is projected to generate an all-time high of P5.9 trillion this year as the Department of Tourism (DOT) accelerates infrastructure development to improve connectivity and promote culture-driven travel. DOT Secretary Christina Garcia-Frasco on Wednesday, Jun. 11,...
Raising the minimum wage by ₱200 would have “dangerous repercussions,” including hurting the Philippine economy, small business owners, and driving a spike in consumer price hikes, according to the Marcos administration’s economic managers. This comes as the public has intensified their...
Consumer price increases slowed further to 1.3 percent in May from 1.4 percent in April, marking the slowest pace in nearly six years, with the poorest households experiencing no increase in overall prices. According to the Philippine Statistics Authority (PSA), the country’s headline inflation...
After two years under a rigorous global labor compliance review, the Philippines has taken a leading role in shaping international standards for the fast-growing platform economy, the Department of Labor and Employment (DOLE) said. DOLE Secretary Bienvenido E. Laguesma said the Philippines’s...
Amid tight fiscal space for public spending, the government has tripled the number of projects included in the list of priority programs where donors from the private sector can enjoy tax deductions. In a May 22 addendum, the Department of Economy, Planning, and Development (DEPDev) included 12...
The government is looking to include 4,240 priority programs and projects (PAPs), with an investment requirement totaling about ₱4.71 trillion, in the 2026 national budget proposal to sustain public investments—especially in infrastructure and regional development. According to the Department...
