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...
Consumers are in no luck this week as they will need to bear the brunt of massive oil price hikes at the domestic pumps - with gasoline prices rising by hefty P2.80 per liter, based on the pricing advisories of the oil companies. For diesel products, the oil companies announced that the price...
Despite the country's economic improvement, the number of poor people did not decrease, as only those with higher incomes benefited from the gains, a study by the Philippine Institute for Development Studies (PIDS) revealed. Based on a PIDS discussion paper titled “Poverty Transitions and the...
Financial torture will strike at consumers’ pockets again next week, as big-ticket price hikes are looming at the domestic petroleum pumps, based on the calculation of the oil companies. As reckoned from the outcome of five-day trading in the regional market, the anticipated heftiest price hike...
Ahead of the release of the country's full-year growth figures, the National Economic and Development Authority (NEDA) announced that the economy had performed well in 2023, despite the significant challenges it encountered. NEDA Secretary Arsenio M. Balisacan said the local economy, as measured by...
The Philippines’ economic growth will maintain its progress this year only if effective policy responses are being implemented, researchers from the Philippine Institute for Development Studies (PIDS) said. In a study titled “Macroeconomic Outlook of the Philippines in 2023–2024: Prospects...
(MANILA BULLETIN) With the Philippines estimated to have an aging population by 2030, Manila 6th district Rep. Bienvenido Abante Jr. has stressed the need to establish hospitals especially catered to the elderly. "I have long advocated for the establishment of a...
