A stronger and more resilient middle class is critical to sustainably reducing poverty and achieving inclusive economic growth in the Philippines, according to the Department of Economy, Planning, and Development (DEPDev). Speaking at the launch of the World Bank’s Poverty and Equity Assessment...
The Philippines’ debt as a share of economic output is expected to remain elevated above 60 percent of gross domestic product (GDP) this year as the government ramps up borrowings to support its response to the national energy emergency amid the prolonged war in the Middle East. Based on the...
Miss Universe Philippines 2023 titleholder Michelle Dee is set to return to the global pageant stage as host for the Miss Grand International All Stars preliminaries on May 28 at the MGI Hall in Bangkok, Thailand. The event, part of Miss Grand International, will feature the preliminary swimsuit...
Public debt in the Philippines moved closer to the 60-percent level at the end of the first quarter of 2026, as the government continued to ramp up borrowings while the private sector remained cautious amid risks stemming from the war in the Middle East. The latest Global Debt Monitor of the...
A teachers’ group on Monday, November 3, announced that it has requested an update from the Department of Education (DepEd) on the status of the 2023 Performance-Based Bonus (PBB) for nearly one million teachers and non-teaching personnel nationwide. The Teachers’ Dignity Coalition (TDC), in a...
The Department of Education (DepEd) announced on Tuesday, October 7, that qualified teaching and non-teaching personnel will soon receive their 2023 Performance-Based Bonus (PBB), following the approval of their eligibility by the Department of Budget and Management (DBM) and the AO25 Inter-Agency...
Despite an increase in the Philippines’ general government (GG) debt-to-gross domestic product (GDP) ratio to 57.1 percent in 2024, the Marcos Jr. administration is targeting to gradually lower this debt ratio to the 54-percent level by the end of 2028. This was indicated in the national...
Citing a lackluster performance that the Philippine economy has been showing since its recovery from the Covid-19 pandemic, climbing to the high-income-status target 15 years from now could be impossible, the country’s chief socioeconomic planner stated. Department of Economy, Planning, and...
Teachers are up in arms over the exclusion of the Department of Education (DepEd) from the Performance-Based Bonus (PBB) for fiscal year 2023, slamming the incentive system as “flawed” and “unjust.” In a statement issued Monday, July 7, the Teachers ' Dignity Coalition (TDC) cited...
The government is looking to include 4,240 priority programs and projects (PAPs), with an investment requirement totaling about ₱4.71 trillion, in the 2026 national budget proposal to sustain public investments—especially in infrastructure and regional development. According to the Department...
Calling it the “height of injustice,” a group of education workers decried the Department of Education’s (DepEd) disqualification from the 2023 Performance-Based Bonus (PBB) and urged Secretary Sonny Angara to take urgent action to appeal the decision. Students of Rafael Palma Elementary...
President Marcos' chief economic manager is optimistic that joblessness this year will be even lower than the administration's 2025 goal, following last year's two-decade low unemployment rate. Department of Finance (DOF) Secretary Ralph G. Recto confirmed to Manila Bulletin on Friday, Feb. 7, that...
