The Commission on Higher Education (CHED) announced on Tuesday, Sept. 24, that 92 private higher education institutions (PHEIs) have been granted autonomous and deregulated status. CHED / MB VIsual Content Group In a list released by CHED, the following PHEIs were granted Autonomous Status: Region...
The World Bank is crafting its lending plan for the Philippines covering the years 2025 to 2028, the period during which the country will likely rise to upper middle-income status and gradually lose access to preferential borrowing rates. The World Bank Group Philippines Country Partnership...
The Department of Finance (DOF) said the decrease in the unemployment rate in May shows that the country is making progress towards its goal of becoming an upper-middle-income country by 2025. In a statement, Finance Secretary Ralph G. Recto said the year-on-year decrease in the number of...
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...
