Agricultural production dips in 2022
AGRICULTURAL production shrank by 0.1% in 2022, marking the third straight year of contraction, as crops and fisheries output declined, the Philippine Statistics Authority (PSA) said on Wednesday.
PHL ranking improves in global corruption index
By Kyle Aristophere T. Atienza, Reporter
THE PHILIPPINES’ ranking in a global corruption index by Transparency International inched up one spot with its score remaining...
Proposed 2020 budget approved by Tuesday, then ratified
THE PROPOSED P4.1-trillion national budget for 2020 will be approved on Tuesday, instead of Monday as initially planned, as senators sought more time to study the version produced by the Bicameral Conference Committee, Senate Finance Committee Chairman Senator Juan Edgardo M. Angara said on Sunday.
Digital technology key to driving PHL recovery
THE PHILIPPINES should continue to develop digital infrastructure in order to drive economic recovery, as the coronavirus disease 2019 (COVID-19) pandemic helped accelerate digital transformation initiatives for both the public and private sector.
Online sellers of ‘sin’ products should check customers’ ages — DTI
ONLINE vendors should make sure cigarettes and alcoholic beverages are sold only to customers over the age of 18, the Trade department said on Monday as the government considers a ban on online sales of the so-called “sin” products.
1st quarter GDP drop faster than initially reported
THE PHILIPPINE ECONOMY in the first quarter declined at a faster pace than previously reported, the Philippine Statistics Authority (PSA) said a day before it announces preliminary figures for the second quarter.
‘Business as usual’ for Cabinet amid political tensions, says Balisacan
THE NATIONAL Economic and Development Authority (NEDA) on Thursday said rising political tensions in the Philippines will have minimal, if any, impact on the economy.
Blockchain poised to change way of doing business
By Krista A.M. Montealegre
National Correspondent
TOKYO -- Bitcoin has hogged the headlines for its price volatility and cyberheists, but the promise of the emerging digital...
Rice inflation seen to further ease
THE CONTINUED DECLINE in rice prices, which typically accounts for nearly half of overall inflation, is set to pave the way for further monetary easing, analysts said.
PHL among most at-risk countries to food security shocks — Moody’s
FOOD SECURITY RISK in the Asia-Pacific region will remain elevated, as climate shocks are expected to persist in the coming years, Moody’s Investors Service...
BSP chief ‘cautiously optimistic’ on Philippine economy
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno is “cautiously optimistic about the current state of the Philippine economy,” amid lingering global headwinds.
Inflation may remain high until Q3
HEADLINE INFLATION is likely to peak in February or March, which may prompt the Bangko Sentral ng Pilipinas (BSP) to continue tightening until May,...