Inclusive growth key to lower poverty incidence — Balisacan
THE PHILIPPINE GOVERNMENT is banking on increased investments in the manufacturing and services sectors to make growth more inclusive and lift more Filipinos out of poverty by 2028, the National Economic and Development Authority (NEDA) said.
Philippines to continue participating in IMF lending operations
THE PHILIPPINES has maintained its net creditor position and will continue to participate in the International Monetary Fund’s (IMF) lending operations until early next...
Lower airfares likely as CAB cuts fuel surcharge
LOCAL AIRLINES anticipate an increase in passenger volume, following the reduction of fuel surcharges on airfares in September.
Loan growth to pick up in 2025
LOAN GROWTH is seen to improve next year as the Philippine central bank is expected to further cut policy rates, S&P Global Ratings said.
“We...
Infrastructure spending improves
THE NATIONAL Government’s (NG) spending on infrastructure jumped by 17% in June as it increased disbursements for completed public works projects, the Department of Budget and Management (DBM) said.
16M Filipinos facing medium-to-high risk of water stress — ADB
POOR FILIPINOS face a higher risk of experiencing floods and dry spells, the Asian Development Bank (ADB) said.
The ADB’s latest Key Indicators for Asia...
Quezon City plans to amend Incentives Code
THE QUEZON CITY government is looking to boost tax incentives for businesses that will invest in key priority sectors.
InstaPay, PESONet transactions jump by 34.6%
THE VALUE of transactions done through InstaPay and PESONet climbed by 34.6% in the first seven months, according to data from the Bangko Sentral...
Inflation could further ease in Q4
PHILIPPINE headline inflation could ease to less than 2% in the fourth quarter of this year, Nomura Global Markets Research said in a report.
Gov’t urged to hike selling price for palay
THE GOVERNMENT needs to hike the selling price for locally produced palay or unmilled rice to increase local rice production, an analyst said.
“The farmer...
NEDA says PHL needs to benchmark number of holidays against neighbors
THE PHILIPPINES may have to benchmark its number of holidays against other Southeast Asian countries, as having “too much” holidays may discourage foreign investors, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said.
PHL economy ‘will not lag far behind Vietnam’ — Moody’s Analytics
ECONOMIC GROWTH in the Philippines and the rest of Southeast Asia is seen to continue on an expansionary path until 2025, Moody’s Analytics said....