REP. Yap (FB) LILOAN, Southern Leyte – A year after typhoon ‘’Odette’’ ravaged Southern Leyte and other areas in the Visayas, Southern Leyte Rep. Christopherson Yap appealed to the national government for help in its recovery, particularly the province's coconut industry. With only...
The House of Representatives has unanimously approved on third and final reading a bill that seeks financing for small businesses, especially those crippled by the Covid-19 pandemic and other significant economic challenges of national and international scope. (Viktor Forgacs/ Unsplash) House Bill...
The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...
With the Association of Southeast Asian Nations (ASEAN) amid a post-pandemic economic recovery and growing digital economy, President Ferdinand “Bongbong” Marcos Jr. on Tuesday, Dec. 13, highlighted the importance of inter-regional cooperation with the European Union (EU). President Ferdinand...
EDITORIAL As Christmas Day nears, here’s a bit of good news from the Philippine Statistics Authority (PSA). The country’s employment rate in October 2022 stood at 95.5 percent, “the highest rate recorded since January 2020, and registered to have bounced back from pre-pandemic levels.” This...
Editorial New technologies have emerged since the Covid-19 pandemic struck in 2020, some of which were already with us in the days before the public health emergency but were given the big push by reason of necessity. We can cite the system of online economy as among these innovations, where more...
Economic indicators point to strong Q4 growth—Diokno By Chino S. Leyco The Department of Finance (DOF) expects strong fourth-quarter growth amid improving jobs market, rising factory output, strengthening peso, and falling global oil prices. Finance Secretary Benjamin E. Diokno said on Thursday,...
PH can sustain growth momentum—NEDA By Chino S. Leyco The National Economic and Development Authority (NEDA) is confident that the country’s growth momentum will be sustained driven by robust domestic consumption following the prolonged pandemic. In a statement on Tuesday, Dec. 6, Socioeconomic...
The World Bank raised its gross domestic product (GDP) outlook for the Philippines to 7.2 percent this year from an earlier projection of 6.5 percent in September. The Washington-based multilateral institution said Tuesday, Dec. 6, that the upward revision was driven by “robust domestic...
President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
The economic team of President Marcos will keep the government’s growth target this year despite the higher than expected pace of expansion recorded in the third quarter. Finance Secretary Benjamin E. Diokno said the inter-agency Development Budget Coordination Committee (DBCC) will keep its...
The best is yet to come in terms of the country's economic recovery under the Marcos administration. House Speaker Martin Romualdez (Speaker's office) House Speaker Martin Romualdez confidently made this declaration Tuesday morning, Nov. 29 at Business World's Economic Forum held at the Grand Hyatt...
