NEDA Board prepares EO to expedite flagship projects
THE NATIONAL Economic and Development Authority (NEDA) Board has given the go signal for an executive order (EO) that will expedite the processing of...
PHL urged to ramp up competitiveness amid Trump tariff reprieve
THE PHILIPPINES should boost efforts to improve its competitiveness in attracting investments amid the 90-day pause on US President Donald J. Trump’s higher reciprocal tariffs.
High rates seen to weigh on growth
METROPOLITAN Bank & Trust Co. (Metrobank) Research trimmed its gross domestic product (GDP) forecast for the Philippines this year as elevated interest rates continue to crimp domestic demand.
HSBC expects BSP to begin easing in Q4
THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to delay its policy easing as upside risks to inflation have worsened, but rate hikes are...
Progress of 2025 budget on track, says DBM
GOVERNMENT AGENCIES have turned in their 2025 budget proposals to the Department of Budget and Management (DBM) as of end-April, with next year’s spending plan still on track for submission to Congress by July, Budget Secretary Amenah F. Pangandaman said.
Unemployment rate inches up in March
THE Philippines’ unemployment rate inched up to 3.9% in March from a month earlier, even as the number of jobless Filipinos fell by the...
Inflation likely hit 26-month high in Feb – poll
HEADLINE INFLATION is likely to have breached the central bank’s target for a second straight month in February, as food and fuel prices remain elevated, according to economists.
European businessmen found less keen on PHL FTA
ENTHUSIASM from businesses on a free trade agreement (FTA) between the European Union (EU) and the Philippines has waned since talks have stalled, a new survey said, although many still see the deal as important.
Rice prices to remain high until midyear — DA
THE DEPARTMENT of Agriculture (DA) said on Wednesday that rice prices are expected to remain high until midyear, as the agriculture sector reels from the impact of the El Niño weather event.
Q3 GDP growth revised to 6%
THE PHILIPPINE economy expanded by 6% in the third quarter, slightly faster than initially reported, according to the Philippine Statistics Authority (PSA).
The PSA upwardly...
Perception of PHL corruption worsens
THE PHILIPPINES dropped 10 spots globally and languished in the lower third of the Asia-Pacific list in an annual report of businessmen’s corruption perception...
NG budget deficit narrows in first half
By Luisa Maria Jacinta C. Jocson, Reporter
The National Government's (NG) budget gap narrowed in the first half of the year, as revenues surged and...