Strong Philippine economy to persist into 2024
The robust investment and private consumption has driven the Philippine economy to grow by 6.4 percent in the first quarter of 2023.
Ben O. de Vera
Import food to cap inflation – Marcos economic team
Finance Secretary Diokno said Marcos had indicated willingness to continue importing some food items like corn, pork, and rice, as well as coal at lower tariffs.
June inflation likely zoomed past 6%: Economists
The last time that headline inflation hit the 6-percent mark was the 6.1-percent rate in November 2018, at the height of the rice crisis, which led to import liberalization.
Inflation, growth challenges to weigh on Marcos admin
A global risk intelligence firm warned that in emerging markets like the Philippines, the cost-of-living crisis will drive a spike in civil unrest, with knock-on impacts for…
P200 billion domestic debt eyed at start of Bongbong Marcos administration
The Bureau of the Treasury will target local creditors wary of the prevailing high-interest rate environment.
Tough economic choices face incoming Marcos administration
As policymakers debate the use of remedial measures to ease the pain of high fuel costs, senior economist Mapa warns against distributions that could aggravate inflation.
Philippines policymakers brace for economic oil shock
A senior economist noted that Philippines’ energy mix is secondly dominated by oil, and elevated global energy prices are likely to impact more than 50 per cent of their power…
Manila gets massive China loans days before Duterte goes
The sum would be used to build a bridge connecting President Rodrigo Duterte’s hometown Davao City with Samal Island.
Philippines to sink 250 billion pesos deeper in debt in last days of Duterte presidency
Of the Philippines’ record-high debt pile of P12.68 trillion as of end-March, 69.9 percent of total, or P8.87-trillion, were domestic obligations.
New, higher taxes pitched to incoming Marcos Jr. admin to repay Duterte’s Covid-19 debts
As of the first quarter of 2022, the debt-to-gross domestic product ratio stood at 63.5 percent, the highest since 2005.