The country’s ocean economy grew to ₱1.08 trillion in 2025 from ₱1.02 trillion in 2024, despite a decline in the share of ocean-based activities in the country’s gross domestic product (GDP). The Philippine Statistics Authority (PSA) reported on Thursday, July 23, that the ocean economy...
The Department of Economy, Planning, and Development (DEPDev) has adopted a color-coded alert mechanism to identify implementation risks in ongoing big-ticket projects approved by the Cabinet-level, interagency Investment Coordination Committee (ICC) as well as the Economy and Development (ED)...
Controlling the rising prices of commodities remains the top national concern among Filipinos, with 57 percent saying it should be the government’s immediate priority. This was according to the latest Pulse Asia survey, conducted through face-to-face interviews from June 28 to July 3 and 6,...
The Bangko Sentral ng Pilipinas (BSP) is scrambling to reassess its inflation trajectory after Metro Manila’s unexpectedly large minimum wage hike threatened to trigger secondary price pressures. BSP Governor Eli Remolona Jr. admitted that the monetary authority was caught off guard by the scale...
The Department of Economy, Planning, and Development (DEPDev) has raised concerns over the sharp decline in the share of untied official development assistance (ODA) flowing into the Philippines, warning that the trend could reduce the flexibility and effectiveness of foreign-funded development...
Asia-Pacific’s (APAC) relative insulation from the Middle East conflict has singled out the Philippines and Indonesia as laggards as external headwinds are exacerbated by domestic turmoil, according to Allianz Research. Allianz Research said in its half-time outlook report published last week...
Elevated energy costs, weak investment, and softer domestic demand are slowing the Philippines’ recovery from its recent growth slump, according to Singapore-based United Overseas Bank Ltd. (UOB), warranting continued monetary policy tightening by the Bangko Sentral ng Pilipinas (BSP). In its...
The Washington-based International Monetary Fund (IMF) has further lowered its 2026 and 2027 economic growth forecasts for the Philippines on the assessment that the country sustained deeper wounds from the Middle East war. According to the July update of the IMF’s flagship World Economic Outlook...
Camarines Sur-based lawmakers are prodding Congress to prioritize a proposed law providing job protection and incentives to so-called freelance or "gig industry" workers once the second regular session opens on July 27. Reps. Migz Villafuerte and Luigi Villafuerte of the province 's 5th...
Malacañang has stressed that the Philippines ' elevation to upper-middle-income country (UMIC) status does not mean economic difficulties have disappeared for ordinary Filipinos, with President Marcos vowing to continue government interventions for poor and vulnerable sectors. Speaking at a...
American financial giant Goldman Sachs Group Inc. expects the Bangko Sentral ng Pilipinas (BSP) to raise key borrowing costs through three more 25-basis-point (bp) hikes to 5.5 percent, citing the looming inflation threat from El Niño coupled with the oil shock—a “quicker” transmission of...
The government is looking to include 5,059 priority programs and projects (PAPs), with an investment requirement of almost ₱4.03 trillion, in the proposed 2027 national budget to sustain public investments, especially in infrastructure as well as social development. According to the Department of...
