The economy grew better than initially estimated in the second-quarter of the year, given the strong contributions of construction, real-estate, and manufacturing sectors. The Philippine Statistics Authority (PSA) on Wednesday, Nov. 9, slightly raised upward its April to June economic growth, or...
A day after the House of Representatives resumed its session, the chamber approved on second reading three priority tax measures that is expected to generate P47 billion in additional revenues for the government. House of Representatives (File Photo/MANILA BULLETIN) On Tuesday, Nov. 8, lawmakers...
House Committee on Appropriations Chairman and Ako Bicol Party-list Rep. Zaldy Co foresees "improvements" in the country’s gross domestic product (GDP) during the latter part of the year, thanks to the easing of Covid-19 restrictions. Ako Bicol Party-list Rep. Zaldy Co addresses the House plenary...
Climate change poses a significant threat to the country’s development that would potentially result in higher economic and human costs particularly for the poor, the World Bank said. Souleymane Coulibaly, World Bank lead economist said climate shocks would negatively affect the country’s...
The World Bank raised its economic growth outlook for the Philippines despite the damage from the Typhoon Karding onslaught, which the government said would not take the country off track of its full-year goal. In the World Bank’s East Asia and Pacific October 2022 Economic Update, the...
The International Monetary Fund (IMF) has lowered its economic growth forecast for the Philippines due to unfavorable global economic condition. Cheng Hoon Lim, IMF mission head said the country’s economy, as measured by its gross domestic product (GDP), is seen to grow by 6.5 percent this year,...
The growth of the country’s Gross Domestic Product (GDP) slowed down to 7.4 percent in the second quarter of 2022 compared to 8.2 percent in the first quarter. Using constant 2018 prices, the economy was valued at ₱4.99 trillion, better than the pre-pandemic GDP of ₱4.985 trillion in the...
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
The Philippine economy slowed in the second-quarter amid soaring consumer prices that weakened demand from both businesses and households, the government reported on Tuesday, Aug. 9. Based on the Philippine Statistics Authority (PSA) data, the country’s economy, as measured by the gross domestic...
Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
The Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
President Marcos’ economic managers lowered the government’s growth target for this year. The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, expects the country’s gross domestic product (GDP) to grow by 6.5...
