The country’s economy is expected to reach six percent this year with the help of robust private consumption and government infrastructure spending, the Metrobank Group’s investment arm First Metro Investment Corp. said. In a breifing, First Metro President Jose Patricio Dumlao said that the...
The Philippine Statistics Authority (PSA) reported that the upward trend in agricultural commodity prices, including crops and fish, continued to lose momentum in the third quarter. The PSA said in a report that the annual producer price index (PPI) for agriculture dropped to 7.9 percent from 12...
The rate of prices of goods sold to wholesalers remained the same in October, the Philippine Statistics Authority reported Thursday, Dec. 14. According to the PSA data, the general wholesale price index (GWPI) during the month remained at 4.4 percent. This was lower than the 7.6 percent recorded in...
The Marcos administration has expressed optimism that it is possible to attain a single-digit poverty rate by 2028 through President Marcos' catch-up plan to increase economic growth and ensure a high inclusivity rate of such growth. File photo National Economic and Development Authority (NEDA)...
The late agribusiness expert, Dr. Rolando Dy, did not consider agribusiness excellence as an end in itself. He always related it to what we now call inclusive growth. Growth, in whatever sector of the economy, is meaningless if it does not lead to the eradication of mass poverty. ...
The scale of profitability for Shell Pilipinas Corporation had slowed down to P2.1 billion in this year’s three quarters from a healthier bottom line of P4.4 billion in a comparative period in 2022. The company said its nine-month income had gone up compared to the first half turnout of...
Senator Ramon “Bong” Revilla, Jr. lauded President Marcos and his economic team on the country's Gross Domestic Product (GDP) growth for the third quarter of this year. This, after the Philippine Statistics Authority (PSA) reported a 5.9 percent year-on-year growth in the third...
The country’s economy surged in the third-quarter on the back of higher consumer spending, the Philippine Statistics Authority (PSA) reported on Thursday, Nov. 9. The economy, as measured by the gross domestic product (GDP), grew by 5.9 percent in July to September this year, stronger compared to...
Uptrend in sales had propelled 16% income escalation for leading oil firm Petron Corporation to P9.5 billion within this year’s January to September stretch versus a leaner bottom line outcome of P8.2 billion within a comparative period last year. The company emphasized that its “strong volume...
The Department of Finance (DOF) said the country's growth prospects continue to be robust despite the slowdown experienced in the first half of the year. Depiste global headiwnds, Finance Secretary Benjamin E. Diokno said the government is committed to achieve a gross domestic product (GDP) growth...
Finance Secretary Benjamin E. Diokno admitted that China's economic slowdown would have a minor impact on the Philippines. At the ASEAN Roundtable in Marrakech, Morocco, the government's chief economic manager said that China's economic slowdown would have an impact on Philippine exports. ...
CANDON CITY, Ilocos Sur – A prominent business leader expressed optimism that the country can still achieve a six percent economic growth in 2023 despite a global slowdown. AMBASSADOR Francis Chua (left), chairperson of the Bank of Commerce, with Pandesal Forum moderator Wilson Lee Flores....
