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More articles about: economy
World Economic Forum President Børge Brende said to President Marcos in a conversation.
Even as the rest of the world faces threats of a looming recession, the Philippines seems to be trending in the right direction, if we were to ask World Economic Forum (WEF) President Børge Brende.During a one-on-one discussion with President Ferdinand "Bongbong" ...
A trip from Malolos to Manila will take less than 40 minutes.
Japan’s Hitachi Rail has won the bidding for the contract for the Philippines’ North-South Commuter Railway (NSCR) project, a big-ticket infrastructure project worth P13.13 billion. The Department of Transportation issued the notice of award to Hitachi Rail on November 8. NSCR, a ...
The BSP says that the domestic inflation rate in September could hover around 6.6 to 7.4 percent.
The Bangko Sentral ng Pilipinas (BSP)'s latest forecast should serve as a warning about domestic inflation for the last quarter of 2022. While the nation's five-month-long inflation rate climb ended last August, the Philippine economy is likely to see the worst of it ...
A large chunk of the fund will support women empowerment.
Canada has earmarked P519 million for the Philippines to fund projects aimed at sustainability, stability, and women empowerment, according to Canadian International Trade Minister Mary Ng, according to an ABS-CBN News report.A large chunk of the fund or P130 million will be spent on ...
In both 2022 and 2023.
If the Department of Finance's new Medium-Term Fiscal Consolidation Framework hits its targets, the Philippines would have the highest economic growth rate in both 2022 and 2023 in Association of Southeast Asian Nations, Finance Secretary Benjamin Diokno said Wednesday. “We expect the economy ...
Is it doable?
President-elect Ferdinand "Bongbong" Marcos Jr. and his economic managers hope to lower the country's debt-to-gross domestic product (G.D.P.) ratio to three percent by the end of the president's term. How will they do it?In an interview on The Chiefs on Thursday, June ...
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Over the next 10 to 40 years.
The total cost of the COVID-19 pandemic on the Philippines from the time it started in 2020 up to the next 10 to 40 years is estimated to reach a total of P41.4 trillion, according to the National Economic Development Authority (NEDA). In ...
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If you think that just because the GDP grew 11.8 % year-on-year that we're out of a recession, think again.
The Philippine Statistics Authority announced that the Gross Domestic Product in the second quarter of 2021 grew 11.8 percent year-on-year, the highest growth in 24 years.The huge jump in GDP growth prompted many economists to declare that the economic recession that started ...
The lockdowns and stimulus proved inadequate, says WB.
The Philippines’ economic recovery from the pandemic will lag its regional peers, according to the World Bank, as it struggles to move beyond strict lockdowns and stimulus that have been inefficient and inadequate.The Southeast Asian nation’s “highly decentralized” health system, and lockdowns ...