While critical sectors face budget cuts, economists expressed concerns over the Marcos administration’s budget priorities, citing inflated discretionary allocations in the 2025 budgets for the House of Representatives and the Department of Public Works and Highways (DPWH). The Philippine...
While the Philippine peso could fall beyond the 60:$1 level when US President-elect Donald J. Trump returns to the White House in 2025, economic growth is expected to benefit from election-related spending next year, according to Singapore-based United Overseas Bank (UOB). "Worries about Trump's...
Taiwan is still open to hiring Filipino skilled workers as the demand for them remains high. Taiwan Economic and Cultural Office (TECO) Representative Wallace Chow said that the Philippines is "one of the most important source" that is providing skilled workers to the island. "I forward to the...
Taiwan on Friday, Dec. 20, opened its tourism center in Manila in an aim to encourage more Filipinos to travel to the island. Wallace Chow, representative of Taipei Economic and Cultural Office (TECO) in the Philippines, said the opening of Taiwan Tourism Information Center (TTIC) in Makati...
The Department of Trade and Industry (DTI) has exceeded its 2024 investment targets, reaching a total of P1.834 trillion in investments from the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). According to the DTI, the major factors behind this achievement include...
The National Economic and Development Authority (NEDA) Board, chaired by President Marcos, has approved the implementation of a free trade agreement with South Korea and two major infrastructure projects totaling P63.2 billion. In a statement on Tuesday, Dec. 17, NEDA Secretary Arsenio M. Balisacan...
The Senate approved on Monday, December 16, the Economy, Planning, and Development Act, which elevates the National Economic and Development Authority (NEDA) into a full-fledged department under the name Department of Economy, Planning, and Development (DEPDev). Sen. Juan Miguel “Migz” Zubiri...
19th PropertyGuru Asia Property Awards in Bangkok, Thailand (Photos courtesy of PropertyGuru) The 19th Annual PropertyGuru Asia Property Awards Grand Final, held on December 13 at The Athenee Hotel in Bangkok, Thailand, celebrated the best of Asia’s real estate industry. Supported by V-ZUG...
The Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) said the Philippines is attracting interest from American semiconductor companies seeking to expand their operations. In a statement, OSAPIEA Secretary Frederick Go said that the US semiconductor...
Representative Wallace Chow of the Taipei Economic and Cultural Office in the Philippines (TECO) underscored Taiwan’s unwavering support for the Filipino people during the turnover ceremony of 500 metric tons of rice donated by Taiwan to aid communities affected by recent natural disasters in the...
London-based think tank Capital Economics warned that the strong gross domestic product (GDP) growth seen in the third quarter is unlikely to be sustained amid weak economic momentum, slowing remittances and exports, and tighter fiscal policies. "GDP growth in the Philippines accelerated in the...
Senators on Thursday, Dec. 12, approved on second reading the bill reorganizing the National Economic and Development Authority (NEDA) into the Department of Economy, Planning and Development (DEPDev). Senator Juan Miguel “Migz” Zubiri, chairperson of the Senate Committee on Economic Affairs,...
