Amid accelerating inflation and subdued global markets, National Economic and Development Authority Secretary Arsenio M. Balisacan expressed openness to revising this year's economic growth target downward. Balisacan said that the Development Budget Coordination Committee (DBCC), an inter-agency...
The Department of Finance (DOF) said the government is determined to drive pro-business reforms, enhance the regulatory framework, reduce the cost of doing business, and tackle existing constraints in the country. Finance Secretary Ralph G. Recto said these initiatives are integral part of their...
Consumers will be perked up slightly next week, as oil prices will just be on modest rollback at the domestic pumps, based on the calculation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.55 to P0.95 per liter; while diesel prices will...
President Marcos is optimistic that the Senate would immediately ratify an agreement that would host an office for the Global Green Growth Institute (GGGI), which will help the country in climate resilience and promote green growth strategy. Marcos expressed his confidence when he met on Monday...
President Marcos on Monday, Feb. 26, met with former United Nations General Secretary Ban Ki-moon to express his support for the Global Green Growth Institute (GGGI), which the latter currently heads. In his meeting with Ban, Marcos stressed the importance of funding GGGI, so it...
Consumers’ pockets will have some breathing space next week as oil prices are anticipated to be on substantial rollback at the domestic pumps, based on the calculation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.70 to P1.10 per...
An economist stated that aside from the economic restrictions imposed by the Constitution, issues in education and infrastructure also deter foreign investors from entering the country. Bank of the Philippine Islands Lead Economist Emilio Neri, during a webinar at the Philippine Institute for...
Consumers are keenly looking forward to price rollback at the pumps this week, but the final cost reduction ended up at a disappointing endpoint with just P0.10 per liter price cut for diesel products; and P0.60 per liter for gasoline products. For kerosene, the price cut was well along expectation...
BUTUAN CITY – The devastating impact of extreme weather events in the Caraga region highlight how uncontrolled population growth is increasing climate vulnerability, a regional population official said on Wednesday, Feb. 7. RESPONDERS conduct rescue operations at the site of a landslide in...
Another round of hefty price hikes will deepen hole in the consumers’ pockets next week, with diesel rising by more than P1.00 per liter, based on the initial estimates of the oil companies. According to the industry players, the price increase for diesel products may range from P1.45 to P1.95...
The country’s economic growth fell short of the government's target last year, largely due to higher consumer prices that discouraged spending, data from the Philippine Statistics Authority (PSA) showed. The economy, as measured by the gross domestic product (GDP), expanded by 5.6 percent from...
The Philippine Statistics Authority (PSA) said the economy posted a slight improvement in the third quarter of last year than earlier reported, following revisions related to manufacturing, financial insurance, and service activities. The PSA said the expansion of the manufacturing industry...
