An economist-congressman believes that "the best is yet to come" in terms of the economy after the Philippines exceeded expectations with its full year gross domestic product (GDP) growth rate. Albay 2nd district Rep. Joey Salceda (Facebook) “The 2022 full year GDP growth rate of 7.6 percent,...
Filipinos have not let high inflation rate stop them from spending in 2022, as the Philippine Statistics Authority (PSA) reports that the country’s economic growth performed better than expected last year to a record growth in more than four decades due to revenge spending. The economy, as...
AVANT GARDENER Yvette Tan “The onion problem is a symptom of a problem,” Philippine Chamber of Agriculture and Food Inc. (PCAFI) President Danny Fausto said in the organization’s monthly presscon. He was addressing the onion shortage issue that has wracked the country, even reaching...
Filipino businesses are wary of achieving sustained growth this year as the continued rise in prices of goods are expected to fuel clamor for wage hikes and eventually dampen the domestic economy. George T. Barcelon, president of the Philippine Chamber of Commerce and Industry (PCCI), expects the...
THE booming skyline of Iloilo City. (Tara Yap) ILOILO CITY – The economy of the province of Iloilo and this city have bounced back from the initial impact of the pandemic, the Philippine Statistics Authority (PSA) said. The PSA said the economy of Iloilo posted a 4.5 percent growth last...
MANGOES grown in the island-province of Guimaras are said to be one of the world’s sweetest varieties. (Tara Yap) ILOILO CITY – The province of Guimaras is the fastest growing economy in the Western Visayas region in 2021. Data released by the Philippine Statistics Authority (PSA) said Guimaras...
Emperador Properties, the $1-billion personal real estate investment company of tycoon Dr. Andrew L. Tan, is going public as the first and only Filipino company to be listed in the Spanish stock exchange. In a statement, the firm said it became a REIT (known as SOCIMI in Spain) in September 2021....
The Department of Finance (DOF) and the Global Green Growth Institute (GGGI) sealed the implementation agreement for the Green Climate Fund (GCF) Readiness Program that seeks to speed up climate action through green finance. Finance Secretary Benjamin E. Diokno and GGGI Philippines Country...
The chief executive officer of a tech firm has projected a bullish growth for the Information Technology (IT) after the Covid-19 pandemic comes to an end. VST ECS Phils. President and CEO Jimmy Go speaks at the 2022 CXO Innovation Summit in Boracay Island. (VST ECS) “We are expecting the IT...
The P250 billion commitment of the Home Development Mutual Fund, or Pag-IBIG Fund, to the government housing program is an assurance of fair distribution of economic growth that will eventually create opportunities to the poor and those under the low-income bracket, Department of Human Settlements...
WASHINGTON, United States -- IMF chief Kristalina Georgieva warned Thursday that the chance of global growth dropping below two percent -- last seen during the coronavirus outbreak and the global financial crisis of 2009 -- is increasing as major economies slow. (FILES) Exterior view of the...
A House leader said it's "no fluke" that the administration of President Ferdinand "Bongbong" Marcos Jr. was able to record its first economic growth from its first ever quarterly report. Albay 2nd district. Joey Salceda (left) and President Ferdinand "Bongbong" Marcos Jr. (MANILA BULLETIN) Albay...
