Some senators were not overjoyed by the 11.8-percent growth in the Philippines' economy, stressing it is still far from pre-pandemic levels. Senator Grace Poe (Office of Sen. Grace Poe/MANILA BULLETIN File Photo) "Economic growth may be at its highest since 1988 but let’s not lose sight of the...
Malacañang on Tuesday, August 10, welcomed the 11.8 percent growth in gross domestic product (GDP) in the second quarter, saying that it is proof of the government’s ability to balance saving lives and livelihoods despite the pandemic. Presidential spokesperson Harry Roque (OPS / FILE PHOTO /...
House Majority Leader Martin Romualdez on Tuesday, August 10, attribute to the "spirit of teamwork and cooperation" the Philippine economy's growth in the second quarter of this year. House majority leader and Leyte Representative Martin Romualdez (MANILA BULLETIN File Photo) “We rejoice with the...
The economy has returned into growth mode, posting a dramatic performance in the second-quarter as expected, but the country’s recovery is losing steam as the rapidly spreading Delta variant has forced the government to put the breaks on further reopening plans. 25245 The gross domestic product...
The domestic economy, as measured by the country’s gross domestic product (GDP), grew 11.8 percent in April to June, a reversal of the 17 percent contraction registered in the same period last year, the Philippine Statistics Authority (PSA) reported. A clear view of the Metro Manila skyline can...
Debt-watcher Moody’s Investors Service is upbeat about the Philippines’ recovery prospects from the pandemic, expecting the economy to outperform most of the sovereigns it rates in terms of average growth up to 2025. In its latest credit analysis report on the Philippines, Moody’s cited its...
The Asian Development Bank (ADB) maintained its growth forecasts for the Philippines despite the resurgence of coronavirus infections in Southeast Asia that also posed a threat in the local economy. ADB HQ In its Asian Development Outlook Supplement released Tuesday, July 20, the ADB said it is...
President Duterte’s economic team is now seeing a brighter light at end of the tunnel as the inter-agency Development Budget Coordination Committee (DBCC) expressed optimism that the Philippine economy may return to its pre-pandemic levels by next year. DBCC The DBCC, which sets the macroeconomic...
Wala Lang A country’s economic performance is normally expressed as the value of goods and services produced during the year, and growth rate by comparing that figure with that of the preceding year. Those figures, known as Gross Domestic Product (GDP), are measured either as (a) the total value...
Now that former President Benigno Aquino III is gone, Vice President Leni Robredo on Sunday, June 27, said his friends and supporters are now “obligated” to tell the truth about his accomplishments. Vice President Leni Robredo and her two daughters—Aika and Tricia—attend the final funeral...
The contribution of the tourism industry to the country's economy plunged by a whopping 61.2 percent in 2020 amid the ongoing global pandemic, the Department of Tourism (DOT) revealed. Boracay Island when it reopened to domestic tourists in October 2020. (Photo by Tara Yap) Citing a recent report...
The National Economic and Development Authority (NEDA) said the gradual lifting of quarantine restrictions and continuous vaccination rollout will help the economy recover and return to pre-pandemic levels by next year. Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Tuesday, June...
