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...
The Philippine economy is projected to weaken in 2023 with gross domestic product (GDP) decelerating to 4.5 to 5.5 percent as the global economic environment deteriorates, a government think tank said. A study published by Philippine Institute for Development Studies (PIDS), authors Senior Research...
#MINDANAO John Tria In last week’s column I enjoined you all to review 2022 as we take a look ahead to 2023. Indeed the lessons we have learned from post pandemic recovery practices to the responses to the challenges posed by geopolitical realities such as the Ukraine conflict and climate related...
About 46 percent of adult Filipinos think the Philippine economy will improve over the next six months based on the survey released by OCTA Research on Wednesday, Dec. 21. ALI VICOY / MANILA BULLETIN The “Tugon ng Masa” (TNM) National Survey, an independent and non-commissioned poll conducted...
Manulife Investment Management (IM) expects a synchronized global growth downturn next year following the aggressive pace of financial tightening in 2022 that would impact the equity and debt markets. In a statement, Sue Trinh, co-head of global macro strategy at Manulife IM, said monetary...
FROM THE MARGINS Some good news! Our employment and unemployment rates have returned to pre-pandemic levels based on recent PSA data. The country’s employment rate reached 95.5 percent in October with 47.11 million employed Filipinos, a significant jump from the 43.82 million employed in October...
Majority of Filipinos believe that the Philippine economy is the most important issue that President Ferdinand “Bongbong” Marcos Jr. should focus on. A poll conducted by PUBLiCUS Asia Inc. covering a total of 1,500 female and male Filipino respondents showed that at least 25 percent of...
