The economy grew better than initially estimated in the second-quarter of the year, given the strong contributions of construction, real-estate, and manufacturing sectors. The Philippine Statistics Authority (PSA) on Wednesday, Nov. 9, slightly raised upward its April to June economic growth, or...
Climate change poses a significant threat to the country’s development that would potentially result in higher economic and human costs particularly for the poor, the World Bank said. Souleymane Coulibaly, World Bank lead economist said climate shocks would negatively affect the country’s...
The World Bank raised its economic growth outlook for the Philippines despite the damage from the Typhoon Karding onslaught, which the government said would not take the country off track of its full-year goal. In the World Bank’s East Asia and Pacific October 2022 Economic Update, the...
The International Monetary Fund (IMF) has lowered its economic growth forecast for the Philippines due to unfavorable global economic condition. Cheng Hoon Lim, IMF mission head said the country’s economy, as measured by its gross domestic product (GDP), is seen to grow by 6.5 percent this year,...
Coronavirus vaccines have been prepared for distribution at a vaccination site in Manila on May 18, 2021. (Ali Vicoy/Manila Bulletin) Vaccines against Covid-19 might be commercially available in the Philippines by early next year, the Department of Health (DOH) said. DOH Officer-in-Charge Maria...
In this file photo taken on May 07, 2021, Johnson & Johnson’s Janssen COVID-19 vaccines are seen on a table in Los Angeles, California. Frederic J. BROWN / AFP The Food and Drug Administration (FDA) is currently reviewing the Certificate of Product Registration (CPR) application of vaccine...
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
The Philippine economy slowed in the second-quarter amid soaring consumer prices that weakened demand from both businesses and households, the government reported on Tuesday, Aug. 9. Based on the Philippine Statistics Authority (PSA) data, the country’s economy, as measured by the gross domestic...
Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
The Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
President Marcos’ economic managers lowered the government’s growth target for this year. The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, expects the country’s gross domestic product (GDP) to grow by 6.5...
President Marcos’ chief economic manager expects the country’s economy would grow this year at a much slower pace than the inter-agency Development Budget Coordination Committee’s (DBCC) target. In a briefing on Wednesday, July 6, Finance Secretary Benjamin E. Diokno said the economy, as...
