The government remains confident of the six percent to seven percent target rate by the year-end, the National Economic and Development Authority (NEDA) said. NEDA Secretary Arsenio M. Balisacan said the slowdown in the second quarter could be offset by fiscal spending in the third quarter,...
With successive cost spikes already running on its 11th week, the consumers’ drive to the gasoline stations will mimic another episode akin to squeezing blood from stone as petroleum prices will incur hefty increases next week, based on the calculation of the oil companies. According to the...
Anchoring it on average gross domestic product (GDP) growth rate of 6.0 to 8.0-percent, the Department of Energy (DOE) had cast an industrialization pace for the country as articulated in the updated Philippine Energy Plan (PEP) stretching through year 2050. “Consistent with the industrialization...
The Department of Energy (DOE) is engaging the relevant industry stakeholders so they can contribute insights and inputs in the updating of the Philippine Energy Plan (PEP) 2030-2050. The energy department advised that the Luzon leg of its information, education and communication (IEC) campaign on...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expects that speeding up government spending during the second half of the year could improve the country’s growth rate by the end of 2023. NEDA Secretary Arsenio Balisacan (Photo from the Presidential Communications...
Senator Ronald “Bato” Dela Rosa on Monday, August 21 claimed he was “taken out of context” over his statement saying Filipinos should bear more children to help lower the country’s debt per capita. Sen. Ronald "Bato" Dela Rosa (Senate PRIB Photo) In a phone interview, Dela...
The local stock market dropped after the government reported a much lower economic growth rate for the second quarter of 2023. As of 10:50 this morning, the PSEi was down 63.51 points or 0.97 percent at 6,466.94 with all sectors declining, led by Banks. There were 84 losers to 43 gainers with 43...
Although still at single-digit growth, local retailers expect full recovery this year as cooling inflation is driving consumption. Rosemarie B. Ong, president of the Philippine Retailers Association (PRA), told reporters at the Outstanding Filipino Retailers (OFR) Awards 2023 “Tibay Gabi ng...
Visiting Australian Foreign Minister Penny Wong announced that Australia would provide AU$89.9 million in Official Development Assistance (ODA) to the Philippines to support economic, education, and Mindanao peace programs. (From left) Foreign Affairs Secretary Enrique Manalo and Australian Foreign...
Kia Philippines achieved a record-breaking 34 percent increase in sales in 2022 as compared to 2021, outpacing the local automotive industry’s 26 percent growth and besting growth in other Kia units in the Asia Pacific region. Kia Philippines led by its President Manny Aligada announced the dual...
ILOILO CITY – iQor, a pioneering business process outsourcing (BPO) company in Iloilo, is expecting bigger growth after earning the Great Place to Work® Certification this year. AN iQor office in Iloilo. (Tara Yap) Tony Rizkallah, senior director for operations, echoed the commitment of...
Ranking House members led by Speaker Martin Romualdez are batting for the creation, operation, administration, and coordination of so-called Special Agricultural Growth Zones (SAGZ) in the Philippines. House Speaker Martin Romualdez (Speaker’s office) For this purpose, Speaker Romualdez; House...
