Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
The Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
President Marcos’ economic managers lowered the government’s growth target for this year. The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, expects the country’s gross domestic product (GDP) to grow by 6.5...
President Marcos’ chief economic manager expects the country’s economy would grow this year at a much slower pace than the inter-agency Development Budget Coordination Committee’s (DBCC) target. In a briefing on Wednesday, July 6, Finance Secretary Benjamin E. Diokno said the economy, as...
Beefalo. Photo by Karl Young from Wikimedia Commons . The beefalo is the hybrid crossbreed of cattle and bison. Cattle are known for being docile while the bison are grown for their lean meat. Combined, the beefalo inherits the docile nature of cattle while producing lean-quality meat, the reason...
The Philippine economy is poised to grow at a much slower pace than government’s target this year due to intensifying global uncertainties, the World Bank said on Wednesday, June 8. Based on World Bank’s Philippine Economic Update June 2022 edition, the Washington-based lender projected that...
Presumptive President Ferdinand R. Marcos Jr. will inherit a narrower economic growth target following a downgrading of growth forecast this year to 7.0 percent and 8.0 percent from the original assumption of 7.0 percent to 9.0 percent by the outgoing Duterte administration. The inter-agency...
Gabriela Women’s Partylist, on Saturday, May 14, slammed a report on the apparent 8.3 percent growth of the Philippine gross domestic product (GDP) in the first quarter of 2022. (Gabriela Women's Partylist / Facebook) An increasing GDP indicates that a country’s economy is growing. However,...
Malacañang is confident that President Duterte will be turning over a good economy to his successor following reports of the country's growing gross domestic product (GDP) and foreign direct investment (FDI). Sec. Martin Andanar FB page Communications Secretary Martin Andanar made this statement...
The government debt as a proportion of the country’s economy inched up further in the first-quarter, supporting views that the administration of presumptive president Ferdinand R. Marcos Jr. will face a serious debt problem. The outstanding liabilities of the national government reached P12.679...
The economy grew faster than its pre-pandemic level in the first three-months of the year on the back of sustained growth momentum amid easing quarantine restrictions, the Philippine Statistics Authority (PSA) reported. From January to March, the country’s economy, as measured by gross domestic...
#MINDANAO John Tria The latest Gross Regional Domestic Product figures for 2021 recently announced by the Philippine Statistics Authority are very important numbers for people like me who live outside Metro Manila. According to the PSA website, all regions are reported to have entered positive...
