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Consumption seen to remain under pressure
Consumption, a key driver of the country’s economic growth, is expected to be challenged this year even with easing inflation, according to UK-based think tank Pantheon Macroeconomics......»»
Employee who drove away street kids using broom transferred
MANDAUE CITY, Cebu — The Lapu-Lapu employee who drove away street kids sleeping on the welcome signage of the Mactan Economic Zone 1 was transferred to a different department. The video of the incident went viral online and gained mixed reactions from netizens. In the video, the employee was seen approaching the kids with a.....»»
Vehicle sales seen to reach 500,000 units this year
Vehicle sales in the country may hit 500,000 unit sales this year, driven by new models and production as well as better economic performance......»»
Double-digit growth in bank lending seen this year
The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»
‘Philippines elevating to upper-middle income status next year’
The Philippines remains on track to become an upper-middle income economy in 2025, even as the government trimmed its economic growth target for this year, according to the National Economic and Development Authority......»»
PCCI cites economic benefits from Philippines-EU FTA
The country’s largest business organization welcomed the announcement of the resumption of the free trade agreement negotiations between the Philippines and the European Union as it expects the deal to bring economic benefits for both parties......»»
Philippines eyes stronger cooperation, economic ties with Germany
The Philippines and Germany are looking to step up cooperation in areas like minerals processing and investment financing to boost economic ties, according to the Department of Trade and Industry......»»
Hong Kong, Philippines work to enhance relations
Filipinos are slowly beginning to travel back to Hong Kong following continued efforts by the Hong Kong Economic and Trade Office to woo tourists from the Philippines, as well as renew and improve trade and economic ties between the two nations following the COVID-19 pandemic......»»
PSAC, Millenium meeting bolsters US-Philippines economic ties
PSAC, Millenium meeting bolsters US-Philippines economic ties.....»»
SC upholds Philippines-Japan economic pact
The Supreme Court has upheld the constitutionality of the Japan-Philippines Economic Partnership Agreement, a bilateral trade and investment deal entered into by the two countries during the Arroyo administration and ratified by the Senate in 2008......»»
Barred Coral Snake seen in Cebu: Beauty and death rolled into one
CEBU CITY, Philippines – A barred coral snake, locally known as “udto-udto” is a slender snake of short length, typically found in gardens or nearby agricultural lands in the Philippines. While they are common in the Philippines, they are rarely spotted due to their small size and their ability to hide effectively. Barred coral snakes.....»»
Philippines, EU resume free trade agreement talks
MANILA, March 19 (Xinhua) -- The Philippines and the European Union (EU) resumed negotiations for a free trade agreement (FTA) on Monday, the Philippines' Department of Trade and Industry (DTI) announced Tuesday. "Strengthening economic engagement with the EU remains a priority for the Philippines," said Philippine Trade and Industry Secretary Alfredo Pascual, adding that the Philippines aims for an ambitious, b.....»»
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 […].....»»
Recto sees ‘realistic’ 6-6.5 percent growth for Philippines
Finance Secretary Ralph Recto is looking at a “more realistic” economic growth of at least six to 6.5 percent for this year, with medium-term economic expansion likely to be tempered as well......»»
‘Why we need to amend the restrictive economic provisions’ (Continued from last week)
Of the original five members of ASEAN – Indonesia, Malaysia, Philippines, Singapore and Thailand – we are unique in that some important economic sectors are singled out for specific protection under the Constitution, the fundamental law. All the other countries simply left all matters pertaining to economy and business to ordinary legislation......»»
Philippines education to benefit from Cha-cha – NEDA chief
The country’s higher education system will greatly benefit from the easing of economic provisions of the Constitution, allowing the entry of renowned schools in the country, according to Socio-economic Planning Secretary Arsenio Balisacan......»»
Philippines vital in chip supply chain – Blinken
The Philippines is seen as a critical partner of the US in promoting a resilient semiconductor supply chain, according to US Secretary of State Antony Blinken......»»
‘More robust’ Philippines-Australia ties seen in Marcos Jr. visit
President Marcos vowed yesterday to act as a “bridge” that would further link the Philippines with its strategic partner Australia during his two-day visit to Canberra, which he hopes will lead to “more robust” ties between the two countries......»»
Philippines pineapple exports grew by 5 percent in 2023
Pineapple exports from the Philippines are seen to have increased by five percent last year, according to the Food and Agriculture Organization of the United Nations......»»
Philippines-United States economic ties enter ‘golden spot’
Amid the reinvigorated alliance between the Philippines and the United States, economic ties between the two countries have now reached a “golden spot,’’ according to New York Consul General Senen Mangalile......»»