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Diokno proud to leave DOF in better state of affairs
"I am proud knowing that I will be leaving my post at a time when the Philippine economy, in general, and the DOF, in particular, are in a better state of affairs than when I inherited them.".....»»
Philippines likely grew below target in 2023 – economists
The economy likely posted growth below the government’s target of six to seven percent in 2023, according to economists......»»
Philippines likely missed 2023 growth target
While some economists believe the Philippine economy likely grew faster in the fourth quarter, the overall expansion in 2023 is still expected to fall short of the six to seven percent target penned by the government’s economic managers......»»
What to expect from Sec. Ralph Recto leadership at DOF
Former senator, former NEDA Secretary, congressman, and deputy speaker until this week, and now Secretary of the Department of Finance (DOF), Ralph Recto has a colorful and multiple experience in both the Legislative and Executive branches of the government......»»
Diokno turns over DOF helm to Recto
Secretary Ralph Recto started the ball rolling as he formally took over the helm of the Department of Finance, with former DOF chief and now Monetary Board member Benjamin Diokno handing over the agency in a simple ceremony yesterday......»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Q4 GDP growth comes in at 5.6%
The Philippine Statistics Authority revealed yesterday that the Philippine economy grew 5.6% y/y in Q4, which is down from the 6.0% it grew in Q3......»»
Digital economy contributes 8.4 pct to Philippine economy in 2023
MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»
Loss of Russian gas has hurt German economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»
Losing Russian gas has hurt Germany s economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»
Economy likely grew by 6.2 percent in Q1
The Philippine economy is expected to have posted a 6.2-percent growth in the first quarter supported by gains in the labor market and manufacturing, as well as government spending, according to First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P)......»»
NCR economy grows at slower pace in 2023
Metro Manila’s economy grew at a slower pace of 4.9 percent in 2023 from 7.2 percent in 2022, according to the Philippine Statistics Authority......»»
Economy grew by 5.6% in 2023
The Philippine economy expanded at a slower pace in 2023 than the previous year, falling below the government’s growth target amid high inflation and interest rates that affected consumption......»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
Lagged impact of high rates to take toll on economy – BSP
The lagged effects of monetary policy adjustments last year will continue to take its toll on the economy, with growth likely to fall below government targets anew......»»
CV records ‘fastest growing economy’ among all regions in PH
CEBU CITY, Philippines — Central Visayas has bested the 17 regions in the country after being named the “fastest-growing” economy based on the 2023 data of the Philippine Statistics Authority (PSA). It also remained the fourth-largest contributor to the overall growth of the Philippine economy and the highest contributor outside Luzon, with a 6.6 percent.....»»
Cebu Daily Newscast: CCLEX-Guadalupe ramp: P6B project set to boost Cebu’s economy
Listen to Cebu Daily Newscast to know the latest news in and outside Cebu. Here are the latest news as of Thursday, April 18. CCLEX-Guadalupe ramp: P6B project set to boost Cebu’s economy Cebuanos can anticipate a significant impact on Metro Cebu’s economy following a substantial investment increase by a unit of Metro Pacific Tollways.....»»