Filipino businesses are wary of achieving sustained growth this year as the continued rise in prices of goods are expected to fuel clamor for wage hikes and eventually dampen the domestic economy. George T. Barcelon, president of the Philippine Chamber of Commerce and Industry (PCCI), expects the...
The economy grew better than initially estimated in the second-quarter of the year, given the strong contributions of construction, real-estate, and manufacturing sectors. The Philippine Statistics Authority (PSA) on Wednesday, Nov. 9, slightly raised upward its April to June economic growth, or...
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
The Philippine economy slowed in the second-quarter amid soaring consumer prices that weakened demand from both businesses and households, the government reported on Tuesday, Aug. 9. Based on the Philippine Statistics Authority (PSA) data, the country’s economy, as measured by the gross domestic...
Vice President-elect and Davao City Mayor Sara Duterte on Wednesday, June 8, commended China’s role in the Philippines’ recovery efforts especially during the Covid-19 pandemic that battered most sectors and industries. Vice President-elect Sara Duterte (Photo from Lakas-CMD Media) In a speech...
Malacañang has urged financial and media company Bloomberg to look at a country's economic growth when measuring resilience as this was supposedly the best indicator of resilience amid the coronavirus (COVID-19) pandemic. Cabinet Secretary Karlo Nograles (Photo from The Cabinet Secretariat...
The Philippine economy will likely get back into its previous growth path by the end of next year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the November issue of the Market Call, FMIC and UA&P said business optimism...
The Philippine economy may likely outperformed pessimistic forecasts for the third-quarter following the the sterling performance of the manufacturing sector, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the October issue of...
The ASEAN+3 Macroeconomic Research Office (AMRO) cut its economic growth outlook for the Philippines due to recurring new waves of coronavirus infections followed by the retightening of containment measures. The regional macroeconomic surveillance organization on Thursday, Oct. 7, tempered its 2021...
The Senate local government committee on Wednesday, June 2, started discussing proposals for the creation of a Metropolitan Davao Development Authority (MDDA). Senator Francis Tolentino (Senate of the Philippines) Similar bills were filed by administration Senators Imee Marcos, Ronald "Bato" dela...
The Department of Interior and Local Government (DILG) and the Department of Labor and Employment (DOLE) stressed Friday, May 28, that lifting the economic restrictions in the 1987 Constitution is vital for the country’s progress as it will open more job opportunities, a move deemed crucial amid...
