Filipino individuals had a higher total income last year, exceeding the target range set in the government’s Philippine Development Plan 2023-2028, the National Economic and Development Authority (NEDA) said. Based on the World Bank report, NEDA stated that the country’s gross national income...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the country's gross national income (GNI) per capita must have a 6.7 percent growth to be able to reach the upper middle-income status. On the sidelines of the launch of National AI Strategy Roadmap 2.0, Balisacan...
The country’s socioeconomic planning agency remains positive that the Philippines will become an upper middle-income economy by next year. National Economic and Development Authority Arsenio M. Balisacan said that the country remains on track to achieving an upper middle-income status in 2025...
The 68th session of the Commission on the Status of Women opened on March 11, 2024, and officially concluded on March 22. The priority theme for this 68th year was to consider "Accelerating the achievement of gender equality and the empowerment of all women and girls by addressing poverty and...
Japan declared its commitment to support the Philippines in attaining an upper middle-income status in the next few years. A joint committee meeting was held in Tokyo on Tuesday, Aug. 29 between the Philippine delegation and the Japanese government to determine the necessary development assistance...
LEGAZPI CITY, Albay – The Office of the Civil Defense (OCD)-Bicol is under blue alert status after the Philippine Institute of Volcanology and Seismology (Phivolcs) raised the alert level of Mayon Volcano in Albay from one to two (increasing unrest) on Monday, June 5. OCD-Bicol Assistant...
LEGAZPI CITY, Albay – The Philippine Institute of Volcanology and Seismology (Phivolcs) confirmed that residents in Albay province heard rumbling sounds from Mayon Volcano before the alert level was raised from one to two on Monday, June 5. Paul Alanis, Phivolcs resident volcanologist at the...
Filipino-led Citicore Energy REIT Corp. (CREIT), which is the first renewable energy company in the country to undergo real estate investment trust (REIT) listing , posted marginal income growth of just 2.0-percent in the first quarter this year to P304.96 million from P300.30 million last year. On...
Owing to inventory losses that weighed down its overall financial performance within January to March this year, Shell Pilipinas Corporation logged a net loss of P300 million within the quarter, substantially reversing a hefty income of P3.5 billion in the same period last year. If reckoned on core...
Leading oil firm Petron Corporation reported that its consolidated net income in the first quarter this year slightly dropped to P3.4 billion versus last year’s more upbeat bottom line of P3.6 billion due to higher financing cost. “The increase in financing cost was partly tempered by the...
CAMP DANGWA, Benguet – The Abra Police Provincial Office has been conferred the institutionalized status for their effective implementation of the PNP Peace and Order Agenda for Transformation and Upholding the Rule of Law (PATROL) Plan 2030. The Abra PPO received a certificate and a Silver Eagle...
CEBU CITY – All ports in Cebu will be on heightened alert from April 2 to April 10 for the Holy Week. The Cebu Port Authority (CPA) said this is in response to the directive issued by the Department of Transportation Secretary Jaime Bautista. The heightened alert status is meant to ensure the...
