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Measuring income inequality
In a recent report about the Philippine economy, the Philippine Institute for Development Studies. stated that the economy will grow at a faster pace this year. The emphasis of the report was on the projections for economic growth measured in terms of the Gross Domestic Product......»»
Philippines has potential to grow into $2 trillion economy – WEF
The Philippines can potentially expand to a $2-trillion economy over the next decade if investments in key sectors will be sustained, particularly in education and human development, according to a top official of the World Economic Forum......»»
Economy to expand at faster pace in 2024
The Philippine economy is expected to grow at a faster pace this year than in 2023 despite headwinds, but the growth will be below the government’s target, according to First Metro Investment Corp.......»»
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......»»
79-year-old man kills wife, 2 adult children in murder-suicide
LOS ANGELES – The Medical Examiner’s office has released the names of two men and two women who were shot to death in a Granada Hills home in a murder-suicide. Police said the older man was the shooter and died from a self-inflicted wound. He was identified as 79-year-old Rodrigo De Leon. The victims were.....»»
Missing man found dead in Barangay Bonbon
CEBU CITY, Philippines — A 50-year-old man who had been missing for two weeks was found dead in Sitio Golivas, Barangay Bonbon, Cebu City. The victim was identified as Adriano Fuentes Durano, a resident of Kiniasan, Barangay Bonbon, Cebu City. Police Major Philip John Libres, chief of Malubog Police Community Precinct, stated that on Tuesday.....»»
Man dies in motorcycle attack
Police arrested a delivery rider who allegedly ran over a 33-year-old man in the compound of a hospital in Quezon City Tuesday......»»
Man kills mother who refused to give him money
For refusing to give him money, a 39-year-old man stabbed to death his mother in Quezon City shortly after midnight yesterday......»»
Man held for ‘sextortion’ try on ex-girlfriend
A man who allegedly exposed in public his sex video with his former girlfriend was arrested in Navotas City on Tuesday......»»
Man nabbed for ‘sextortion’
A man who allegedly threatened a girl that he would expose her nude photographs and videos on social media was arrested in Sampaloc, Manila yesterday......»»
Man arrested for jeepney rob try
A man who tried to rob a jeepney driver was arrested following a standoff with police in Sta. Mesa, Manila on Friday......»»
Man breaks into Quezon City house, stabs couple
Police have launched a manhunt for a 37-year-old man who reportedly broke into a couple’s home and stabbed them in Quezon City before dawn yesterday......»»
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 […].....»»
What to Watch for at China s High-Profile Meetings
BEIJING - One burning issue dominates as the 2024 session of China's legislature gets underway this week: the economy.The National People's Congress annual meeting, which opens Tuesday, is being closely watched for any signals on what the ruling Communist Party might do to reenergize an economy that is sagging under the weight of expanded government controls and the bursting of a real-estate bubble.That i.....»»
What to Watch for at China s High-Profile Meetings
BEIJING - One burning issue dominates as the 2024 session of China's legislature gets underway this week: the economy.The National People's Congress annual meeting, which opens Tuesday, is being closely watched for any signals on what the ruling Communist Party might do to reenergize an economy that is sagging under the weight of expanded government controls and the bursting of a real-estate bubble.That i.....»»
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.....»»
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......»»
Philippines to achieve upper middle-income status by 2031
The Philippines is projected to be an upper middle-income economy by 2031, past the government’s target of reaching the status by 2025, amid a broader growth slowdown in the Association of Southeast Asian Nations (ASEAN) economy, ANZ Research said......»»
Economy likely grew by 6.2 percent in Q4
The Philippine economy likely posted a faster growth rate in the fourth quarter of 2023 than in the third quarter, supported by gains in the labor market, according to an economist......»»