The National Economic and Development Authority (NEDA) Board chaired by President Ferdinand R. Marcos, Jr., approved last December 16 the Philippine Development Plan for 2023-2028, with the following key macroeconomic targets: gross domestic product (GDP) growth ranging from 6.5 to 8.0 percent;...
As the world teeters on the brink of another recession, the Department of Finance (DOF) assured that the Philippine would weather the looming sharp contraction in global economic output next year. Finance Secretary Benjamin E. Diokno said the Philippines has the adequate buffers against external...
Finance Secretary Benjamin E. Diokno expects the Philippine economy would grow faster than expected this year due to surging manufacturing and construction sectors, as well as strong domestic demand. In a commentary released on Wednesday, Dec. 28, Diokno said the country’s economy, as measured by...
Noting how better health could help improve a family's socio-economic conditions towards achieving pandemic recovery, Senator Christopher "Bong" Go continues to push for the improvement and expansion of the country's public health services, especially for the poor. “Malaking bahagi po ng budget...
The Philippines would not suffer a sharp economic slowdown next year due to strong domestic consumption, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the December issue of the Market Call, FMIC and UA&P said the ongoing...
Ako Bicol Party-list Rep. Zaldy Co has expressed confidence that the newly-signed 2023 General Appropriations Act (GAA) will help the country further recover from the ravages of the Covid-19 pandemic. Ako Bicol Party-list Rep. Zaldy Co (Facebook) "The annual passage of the is the single most...
THE booming skyline of Iloilo City. (Tara Yap) ILOILO CITY – The economy of the province of Iloilo and this city have bounced back from the initial impact of the pandemic, the Philippine Statistics Authority (PSA) said. The PSA said the economy of Iloilo posted a 4.5 percent growth last...
REP. Yap (FB) LILOAN, Southern Leyte – A year after typhoon ‘’Odette’’ ravaged Southern Leyte and other areas in the Visayas, Southern Leyte Rep. Christopherson Yap appealed to the national government for help in its recovery, particularly the province's coconut industry. With only...
The House of Representatives has unanimously approved on third and final reading a bill that seeks financing for small businesses, especially those crippled by the Covid-19 pandemic and other significant economic challenges of national and international scope. (Viktor Forgacs/ Unsplash) House Bill...
The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...
With the Association of Southeast Asian Nations (ASEAN) amid a post-pandemic economic recovery and growing digital economy, President Ferdinand “Bongbong” Marcos Jr. on Tuesday, Dec. 13, highlighted the importance of inter-regional cooperation with the European Union (EU). President Ferdinand...
EDITORIAL As Christmas Day nears, here’s a bit of good news from the Philippine Statistics Authority (PSA). The country’s employment rate in October 2022 stood at 95.5 percent, “the highest rate recorded since January 2020, and registered to have bounced back from pre-pandemic levels.” This...
