The Department of Finance (DOF) has indicated that the Marcos administration may need to adjust its economic growth targets due to the lower-than-expected expansion recorded last year. Finance Secretary Ralph G. Recto emphasized the need for the Development Budget Coordination Committee (DBCC) to...
Source: Philippine Statistics Authority (PSA) The Philippine Statistics Authority (PSA) has reported that Aklan Province is the fastest-growing economy among provinces and highly urbanized cities in the country. The Province of Aklan, known for being the home of Boracay Island, recorded a...
The country's inflation rate in January this year marked its slowest growth in over three years, registering at 2.8 percent, the Philippine Statistics Authority (PSA) said. This means that the inflation rate, or the increase in prices of goods and services, moved at a slower pace during the period...
The news of the country's debt nearing P15 trillion is undoubtedly alarming. It raises the question of why the government continues to borrow extensively, despite its significant indebtedness. While many Filipinos tend to avoid borrowing, viewing debt as inherently negative and a sign of poor...
Albay 2nd district Rep. Joey Salceda (left) and President Ferdinand "Bongbong" Marcos Jr. (Facebook) Albay 2nd district Rep. Joey Salceda gave props to President Marcos for facilitating the inflow of investments to the country, which has led...
OCTA Research’s December 2023 “Tugon ng Masa” Survey (OCTA) OCTA Research's December 2023 "Tugon ng Masa" survey found that half of Filipinos expect the Philippine economy to remain unchanged over the next six months. The survey results released on Monday, Jan. 29 revealed that 51 percent...
Japan has pledged it will continue its investments in the Philippines' big-ticket projects as its ambassador in Manila noted the growing interests of Japanese investors in the country. Speaking at the Philippine Business Conference and Expo at the Manila Hotel, Japanese Ambassador to the...
Australia's envoy to the Philippines has expressed confidence in the growth of the Philippine economy, which she said could drive more investment between Manila and Canberra. At a reception hosted for journalists on Friday night, Australian Ambassador HK Yu said she is "very optimistic" about the...
Photo from Pixabay Most Filipinos believe that President Marcos should focus on the Philippine economy, with the rising prices of basic goods as the most pressing issue, based on the results of Publicus Asia’s “Pahayag 2023 Third Quarter Survey.” “It has been revealed that the concerns of...
Despite the "bleak" global prospects over the past few years caused by different factors, President Ferdinand "Bongbong" Marcos Jr. said that the country's economy is now revived and rejuvenated and that his Administration continues to transform it. *President Ferdinand ‘Bongbong’ Marcos Jr....
A Publicus Asia survey conducted in June has shown that most Filipinos believe that President Ferdinand Marcos Jr. should focus on improving the country's economy. According to the "Pahayag 2023 Second Quarter Survey" results released on Thursday, July 13, 17 percent of Filipinos believe that...
WASHINGTON, D.C. —Attempting to attract American investors, President Ferdinand "Bongbong" Marcos Jr. told businessmen here that his administration aims to “transform” the country's economy, rather than return its pre-pandemic state. (Photo courtesy of PCO) Speaking before American...
