Financial markets in the Philippines and the broader Asia-Pacific region stand to benefit from downward interest rates in the United States, although risks from a "benign" US economy may temper gains, according to a World Bank economist. "So far, the decline in interest rates in advanced...
Senator Joel Villanueva has expressed optimism over the enactment of the proposed Blue Economy Act, which seeks to sustain the Philippines’ oceanic resources for economic growth, improved livelihoods, and the health of the country’s ocean ecosystems. Both the House of Representatives and Senate...
The World Bank expects the Philippine economy to grow by an average of six percent in the next three years — one of the fastest rates in the region, despite challenges to jobs arising from new technologies like robots and artificial intelligence (AI). In its East Asia and the Pacific...
Singapore-based United Overseas Bank (UOB) expects the Philippine economy to grow as targeted this and next year while inflation risks and interest rates ease. In its quarterly global outlook report for the fourth quarter of 2024, UOB forecasted the Philippines' gross domestic product (GDP) to...
Go Negosyo founder Joey Concepcion believes that the Philippines’ fast-rising digital economy offers significant opportunities for micro, small, and medium-sized enterprises (MSMEs). Concepcion highlighted how digital technology has leveled the playing field for MSMEs, providing them with access...
Celebrating the National West Philippines Sea day every July 12 is a step towards the right direction for the government to assert its sovereignty over the maritime area that China continues to contest. Senate Deputy Minority Leader Risa Hontiveros pointed this out as she asserts the...
Special Assistant to the President for Investment and Economic Affairs Frederick Go said he is looking forward to better economic growth numbers for the Philippines as he highlighted his office's priorities for attracting more investments into the country. Special Assistant to the President for...
The Philippine creative industries are a vibrant fusion of tradition and innovation, showcasing the country's rich cultural heritage alongside contemporary artistic expression. Spanning music, film, visual arts, and fashion, these industries play a role in the economy while serving as platforms for...
The Senate is seeking the simultaneous signing of the Philippine Maritime Zones Bill and the Archipelagic Sea Lanes Bill. Senate President Francis “Chiz” Escudero said senators have agreed to work for the concurrent passage of these measures so that President Ferdinand Marcos Jr. can...
Think tank Capital Economics has warned that the stalling Philippine economic growth would persist this year, even as easing inflation and expectations of more interest rate cuts by the central bank will improve prospects next year. While the country’s gross domestic product (GDP) grew 6.3...
German financial services giant Deutsche Bank said that investment growth in the Philippines will likely remain constrained in the near term despite the upcoming easing of the central bank’s restrictive policies. In its Asia Macro Insights report published on Monday, Aug. 26, Deutsche Bank...
The establishment of a “decarbonization fund” will be mandated for large-scale enterprises that will exceed their carbon emissions target, as proposed in a “Low Carbon Economy” bill that recently secured approval from the House Committee on Climate Change. The propounded “low carbon...
