Public fury over flood control corruption and the toll of recent typhoons appear to have choked consumer confidence, potentially dragging the Philippines’ economic growth to a below-target 5.2 percent in the third quarter of the year. According to the latest edition of the University of Asia and...
State-run think tank Philippine Institute for Development Studies (PIDS) has urged the Philippine government to implement several key measures to ensure the success and sustainability of the circular economy (CE) transition. “The state’s desire to promote economic transformation and sustainable...
President Marcos has vowed that not a single centavo of public money will be wasted as his administration implements sweeping reforms to fast-track the country’s development programs and foreign-assisted projects. Marcos said this as Congress conducts budget deliberations amid ongoing...
As the country reconsiders nuclear energy, the Department of Energy (DOE) is set to explore financing options in coordination with the Department of Finance (DOF), the Department of Economy, Planning and Development (DepDev), and the Maharlika Investment Corp. (MIC), among other agencies. In a...
The Marcos administration is confronting corruption head-on, according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan, the government’s chief economist. Balisacan told Manila Bulletin on Monday, Sept. 22, that the government is seeking public support to...
The government is considering seasonal tariffs on rice to shield local farmers during harvest, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said. Balisacan also emphasized on Tuesday, Sept. 2, that tariffs are used as a policy tool to address various...
Sy-led SM Investments Corporation, one of the Philippines’ largest conglomerates, sees new growth in its logistics and renewable energy units even as its core real estate, retail, and banking businesses continue to thrive with the country’s economy. “But, really, all of our businesses have...
The Department of Economy, Planning, and Development (DEPDev) welcomed the enactment of the Konektadong Pinoy (KP) Act, which it said aims to bridge the digital divide and accelerate the country’s digital transformation, in line with the Philippine Development Plan (PDP) 2023–2028. In a...
Malacañang has issued an administrative order reorganizing the composition of the Economy and Development Council (formerly known as the NEDA Board) and its committees to strengthen government coordination in implementing socioeconomic policies and programs. Administrative Order No. 37, signed by...
The Department of Agriculture (DA) is seeking ₱3.5 trillion in total investments—including support from the private sector—to transform the country’s agriculture sector into a more robust, economically viable contributor to national food and economic security. During the launch of the...
Head of the Philippines’ largest bank believes the country’s economy will be shielded from the direct fallout of new United States (US) tariffs, but warned of a larger, global danger that could ripple back to the country through remittances. Speaking with Channel News Asia (CNA), BDO Unibank...
Despite global challenges, the Philippines is projected to sustain relatively strong economic growth and emerge as one of the region’s standout performers, according to the government’s chief economist. “The Philippines would remain among Asia’s fastest-growing economies, outpacing several...
