ZURICH, Switzerland — President Ferdinand "Bongbong" Marcos Jr.'s investment pitch for the Philippines received "a very positive response" from some of the world's top chief executives and investment experts, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo)...
ZURICH, Switzerland — The Philippine government expects a strong full-year gross domestic product (GDP) growth for 2022, most likely much faster than its growth target of 6.5 to 7.5 percent, Department of Finance (DOF) Secretary Benjamin Diokno said here on Jan. 16 (Switzerland time)....
The Philippine economy will continue to grow under President Ferdinand “Bongbong” Marcos Jr.’s administration, a Filipino economist made the projection on Monday. Michale Batu based his calculation on the country’s macro-economic fundamentals, which he said would remain strong as evidenced...
A Filipino economist has expressed belief that President Ferdinand "Bongbong" Marcos Jr.'s attendance to the World Economic Forum (WEF) in Davos, Switzerland may help the Philippines advance its economic interest as well as strengthen its international ties. During the state-run Laging Handa...
The Department of Public Works and Highways-Region 9 (DPWH-Region 9) said the transport of goods and farm produce to the local markets was improved with the completion of a road project in Zamboanga del Sur. The upgrading of the Mansanas-Upper Dimorok-Lower Dimorok Road in Molave town costs P32...
The Pasig City local government announced on Monday, Jan. 9, that it has passed an ordinance granting “special permits” for sari-sari stores and free sanitary permits and health certificates. Pasig City Ordinance No. 54, series of 2022 states that “all sari-sari stores with annual gross sales...
The year 2023 has been acknowledged by the International Monetary Fund as a year of global economic recession that would hit one-third of the world’s economy. The economic difficulties have been brought about by Russia’s war in Ukraine, causing oil prices to rise to historic levels, disrupting...
DAVAO CITY – The Davao region will see more investments in 2023 following efforts to expedite recovery from the impact of the pandemic that has crippled the local economy in the past two years, the National Economic Development Authority (NEDA)-Davao said. In her report on the Davao region’s...
DAVAO CITY – The National Economic Development Authority said 8,175 workers were retrenched in the Davao region last year due to the pandemic. NEDA-Davao said the number of retrenched workers in 2022 was lower by 31.1 percent compared to the 11,871 in 2021. NEDA-Davao Director Maria Lourdes Lim...
ANKARA (Anadolu) – One-third of the world's economies are expected to go into recession this year, according to the IMF's managing director. "Even countries that are not in recession, it would feel like recession for hundreds of millions of people," Kristalina Georgieva told CBS news on...
The National Economic and Development Authority (NEDA) Board chaired by President Ferdinand R. Marcos, Jr., approved last December 16 the Philippine Development Plan for 2023-2028, with the following key macroeconomic targets: gross domestic product (GDP) growth ranging from 6.5 to 8.0 percent;...
House Committee on Ways and Means chairman Joey Sarte Salceda on Sunday, January 1 expressed his belief the Philippines will compete with Vietnam and India for the fastest growing major economy in Asia-Pacific this year, 2023. The Albay 2nd District Representative said he is optimistic about the...
