The Philippines will receive a $400-million, or about ₱23.4-billion, loan from the Asian Development Bank (ADB) to restore marine ecosystems and strengthen its blue economy, as part of the lender’s $24-billion support package for Southeast Asia through 2028. ADB President Masato Kanda announced...
Economic managers vowed to ramp up their efforts and reaffirm their commitment to improved performance, even prompting President Marcos’ chief economic manager to also recalibrate the Department of Finance (DOF). This came after President Ferdinand Marcos Jr. decided to retain them, along with...
Following the weaker-than-expected gross domestic product (GDP) growth in the first quarter of 2025, the country’s national socioeconomic planner stated that abandoning the Marcos administration’s ambitious growth goal of six percent to eight percent might be too soon. “It’s too early to...
The Philippines touts a 5.6 percent gross domestic product (GDP) growth in 2024, the highest in the region. With the highest GDP growth rate and one of the two biggest national budgets in ASEAN (2021-2025), it has little to show—except the lowest GDP per capita in the region. Besides, our 1.9...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
Malacañang said the recent poverty and food insecurity numbers are concrete signs that President Marcos ' anti-poverty programs are delivering results. File photo Communications Undersecretary Claire Castro said this after the latest OCTA Research survey showed that the number of Filipino...
Hepmil Philippines, a true trailblazer in the digital advertising and creator economy, proudly announces the appointment of Joanna Chan Mojica as its new Chairperson of the Board. With over 30 years of transformative leadership etched in the Philippine advertising industry, Joanna joins a...
The Department of Economy, Planning, and Development (DEPDev) officially launched the Trabaho Para sa Bayan (TPB) Plan 2025-2034 on Monday, May 5, marking the Philippines’ first 10-year labor market development strategy. The landmark plan lays out a comprehensive roadmap for job creation, labor...
Stakeholders from various sectors believe that harnessing the power of the blue economy could help the Philippines meet its increasing energy needs amid overreliance on imported fuels that make electricity expensive. Blue economy (Grok AI) This developed as various stakeholders and resource persons...
Senate President Francis “Chiz” Escudero on Thursday, April 3 called on state economic managers to prepare and plan for contingencies and a calibrated response to the 17-percent tariff that the United States will impose on Philippine exports starting April 9, 2025. Senate President...
Singapore-based DBS Bank Ltd. expects the Philippine economy to again grow below its target in 2025, despite benefiting from being outside the scope of United States (US) President Donald Trump's tariffs. "Direct impact from US tariffs is likely to be limited, with the Philippines' contribution to...
