Special Assistant to the President for Investment and Economic Affairs Frederick Go said he is looking forward to better economic growth numbers for the Philippines as he highlighted his office's priorities for attracting more investments into the country. Special Assistant to the President for...
The Philippine creative industries are a vibrant fusion of tradition and innovation, showcasing the country's rich cultural heritage alongside contemporary artistic expression. Spanning music, film, visual arts, and fashion, these industries play a role in the economy while serving as platforms for...
The Senate is seeking the simultaneous signing of the Philippine Maritime Zones Bill and the Archipelagic Sea Lanes Bill. Senate President Francis “Chiz” Escudero said senators have agreed to work for the concurrent passage of these measures so that President Ferdinand Marcos Jr. can...
Think tank Capital Economics has warned that the stalling Philippine economic growth would persist this year, even as easing inflation and expectations of more interest rate cuts by the central bank will improve prospects next year. While the country’s gross domestic product (GDP) grew 6.3...
German financial services giant Deutsche Bank said that investment growth in the Philippines will likely remain constrained in the near term despite the upcoming easing of the central bank’s restrictive policies. In its Asia Macro Insights report published on Monday, Aug. 26, Deutsche Bank...
The establishment of a “decarbonization fund” will be mandated for large-scale enterprises that will exceed their carbon emissions target, as proposed in a “Low Carbon Economy” bill that recently secured approval from the House Committee on Climate Change. The propounded “low carbon...
Current political issues in the Philippines are not affecting the performance of the country's economy, an official of the Department of Finance (DOF) assured the public. Finance Undersecretary Domini Velasquez said investor confidence has not waned despite the growing noise in the political arena....
A few months before reaching the midpoint of his six-year term, President Marcos ensured that the government was doing everything so every Filipino would benefit from the country's improving economy. File photos/Arnold Quizol Marcos said this after the Japan-based Rating and Investment Information,...
President Marcos is hopeful that he can gain “insights” from international consulting firm McKinsey & Company on how to transform the Philippines’ economy. Courtesy call of McKinsey & Company, led by Global Managing Partner Bob Sternfels, to President Ferdinand ‘Bongbong’...
State economic managers should find time to consolidate the Marcos administration’s economic strategy and be cohesive about it, Senate Deputy Minority leader Risa Hontiveros said. Hontiveros noted that the current plans of the Department of Finance (DOF), Department of Budget and...
President Marcos has vowed to invest in job-generating infrastructure and social protection programs to further lower the country's poverty rate to nine percent by 2028 after reporting that the poverty rate dropped to 15.5 percent last year. In a video message late Friday, Aug. 9, Marcos noted that...
The Philippine Statistics Authority (PSA) announced on Thursday, Aug. 8, that the country's economy increased by 6.3 percent in the second quarter of the year. The nation's gross domestic product (GDP) recorded strong growth, outpacing the 5.8 percent expansion seen in the first quarter of 2024 and...
