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.
The robust investment and private consumption has driven the Philippine economy to grow by 6.4 percent in the first quarter of 2023.
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.
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.
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…
The Bureau of the Treasury will target local creditors wary of the prevailing high-interest rate environment.
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.
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…
The sum would be used to build a bridge connecting President Rodrigo Duterte’s hometown Davao City with Samal Island.
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.
As of the first quarter of 2022, the debt-to-gross domestic product ratio stood at 63.5 percent, the highest since 2005.