The Economy and Development (ED) Council has approved the North-South Commuter Railway (NSCR) operations and maintenance project, valued at around ₱229.3 billion, during its second meeting on Tuesday, July 15. Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M....
Fifteen years from now, the Philippine economy could accelerate by 6.8 percent yearly if the country continues to improve regional connectivity, productivity, and resource allocation, the Washington-based World Bank stated. According to the multilateral lender’s latest report on Philippine growth...
While several big-ticket government projects in the pipeline threaten to widen the Philippines’ current account deficit and put pressure on the trade balance, Germany-based Deutsche Bank said this could ultimately benefit the country’s economic growth and strengthen the peso in the long run....
Amid rising concerns over online gambling, one of the country 's top economic officials proposed leveraging e-wallets as a tool for taxation. As President Marcos’ economic managers have yet to finalize their collective stance, Department of Economy, Planning, and Development (DEPDev)...
Seven priority bills ratified by the House of Representatives before the 19th Congress ended two weeks ago are expected to be signed by President Ferdinand Marcos Jr., making the total priority measures the highest number of enacted laws since the 10th Congress. Reports showed that the 19th...
More than ₱50 billion in additional government revenues is expected following the approval of a 10-year extension of the concession agreements of major water service providers by the Economy and Development (ED) Council on Wednesday, June 18. The ED Council, chaired by President Ferdinand Marcos...
Raising the minimum wage by ₱200 would have “dangerous repercussions,” including hurting the Philippine economy, small business owners, and driving a spike in consumer price hikes, according to the Marcos administration’s economic managers. This comes as the public has intensified their...
Consumer price increases slowed further to 1.3 percent in May from 1.4 percent in April, marking the slowest pace in nearly six years, with the poorest households experiencing no increase in overall prices. According to the Philippine Statistics Authority (PSA), the country’s headline inflation...
Amid tight fiscal space for public spending, the government has tripled the number of projects included in the list of priority programs where donors from the private sector can enjoy tax deductions. In a May 22 addendum, the Department of Economy, Planning, and Development (DEPDev) included 12...
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...
Economic managers vowed to ramp up their efforts and reaffirm their commitment to improved performance, even prompting President Marcos’ chief economic manager to also recalibrate the Department of Finance (DOF). This came after President Ferdinand Marcos Jr. decided to retain them, along with...
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...
