Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
With the President-backed bloc securing a midterm poll victory over the Duterte-aligned camp, Moody’s Analytics said the outcome could help ensure smoother continuity of the administration’s economic and governance policies. “In the Philippines, President Ferdinand Marcos Jr.’s...
Following the weaker-than-expected gross domestic product (GDP) growth in the first quarter of 2025, the country’s national socioeconomic planner stated that abandoning the Marcos administration’s ambitious growth goal of six percent to eight percent might be too soon. “It’s too early to...
The Department of Economy, Planning, and Development (DEPDev) officially launched the Trabaho Para sa Bayan (TPB) Plan 2025-2034 on Monday, May 5, marking the Philippines’ first 10-year labor market development strategy. The landmark plan lays out a comprehensive roadmap for job creation, labor...
The National Economic and Development Authority (NEDA) Board chaired by President Marcos has approved the rollout of the Reducing Food Insecurity and Undernutrition with Electronic Vouchers (REFUEL) project which is an upgrade of the current food stamp program of the government. The approval...
The National Innovation Council (NIC) has greenlit the creation of a think tank to prepare the Philippines for the emergence of artificial intelligence (AI). In a statement on Friday, March 28, the state planning agency National Economic and Development Authority (NEDA) said NIC last Wednesday,...
Finance Secretary Ralph G. Recto has obtained a total of ₱65.43 billion in loans from Japan to fast-track the roll-out of infrastructure projects and provide budget support for climate change and health programs. The loan agreements for five projects and programs to be funded by Japan’s...
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...
With about 50 million Filipinos with jobs in 2024, the country recorded its highest employment rate in 20 years, according to the Philippine Statistics Authority (PSA). Of the working population, 96.2 percent landed a job in 2024, a share higher than 2023’s 95.6 percent. This is the highest jobs...
The Marcos administration aims to lift more Filipinos above the poverty line by reducing the volume of poor individuals to 13.2 percent or lower this year, deflating by 2.3 percent from 2023. “With the robust labor market performance and inflation deceleration in 2024, we expect to see...
The Philippines' chief economist is looking forward to benefits in case talks for a free-trade agreement (FTA) between the Philippines and the United States can be kickstarted when Donald J. Trump returns to the White House early next year. "Of course, we should" was Socioeconomic...
