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Creative economy grows to P1.72 trillion
The value of the country’s creative economy rose by 6.8 percent in 2023 from a year ago as the sector employed more people, according to the Philippine Statistics Authority......»»
Diving tourism contributes 1.3 bln USD to Philippine economy in 2023
MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»
Diving tourism contributes 1.3 bln USD to Philippine economy in 2023
MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»
More Pinoys hopeful for better economy, quality of life
Although still less than a majority, optimism for a better economy and personal quality of life have both increased at the end of 2023, according to a survey conducted by the OCTA Research group......»»
Citi sees shallow rate cuts in 2024, 2025
Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks......»»
Jobless rate eases to 3.5% in February
The country’s unemployment rate declined in February as more employment opportunities were created in the wholesale and retail trade and agriculture sectors, according to the Philippine Statistics Authority......»»
Capitation rate for PhilHealth s Konsulta package raised; new screening services added
The board of directors of the Philippine Health Insurance Corp. approved on Wednesday an increase in the capitation rate for its outpatient benefits package called Konsulta, along with the inclusion of more screening services......»»
Jobless rate declines to 3.1 percent in December
The country recorded its lowest unemployment rate in nearly two decades as more jobs were made available during the holiday season......»»
NFA hikes local palay procurement
State-run National Food Authority purchased over 2,000 metric tons of palay or unmilled rice in March, more than triple than what it bought in February, but remained below its procurement target......»»
Government hikes borrowings to P2.57 trillion for this year
The Philippines raised its 2024 borrowing program by four percent to P2.57 trillion, which could make fiscal consolidation more challenging for the government......»»
RTB issue hikes borrowings to P420 billion in February
The government borrowed 22 percent more in February primarily due to the issuance of Retail Treasury Bonds aimed at financing state projects......»»
Prioritizing job creation over wage hikes urged
Creating more jobs is a better way to improve lives than the proposed P350 minimum wage increase by the House of Representatives, according to Go Negosyo founder and Private Sector Advisory Council Jobs Lead Joey Concepcion. .....»»
Toral: Philippine economy continues to expand amidst external pressures
Toral: Philippine economy continues to expand amidst external pressures.....»»
Toral: Philippine economy continues to expand amidst external pressures
Toral: Philippine economy continues to expand amidst external pressures.....»»
Philippine economy expands 5.7% in Q1
MANILA — The Philippine economy expanded by 5.7 percent in the first quarter of the year, up from 5.5 percent in the previous quarter, according to the Philippine Statistics Authority (PSA). However, this growth was below the government’s target and slower than the 6.4 percent growth recorded in the same period last year. The Marcos administration.....»»
China bullying hurts our economy
China’s bullying in our exclusive economic zone at the West Philippine Sea is hurting our economy, particularly the energy sector. It is disrupting exploration and development of oil and gas. Whatever resources may be there will remain untapped; a tragedy given our urgent need for domestic energy sources......»»
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......»»
Dagupan s Bangus Fest to boost milkfish industry, economy, environment
Dagupan s Bangus Fest to boost milkfish industry, economy, environment.....»»
As global economy slows, Philippines bats for intensified financing solutions
The Philippines has called on multilateral financial institutions to step up support and financing solutions to developing nations as the global economy hits a critical point of further slowdown......»»
PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says
The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»