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Remolona sees 5.9 percent GDP this year
The Philippine economy is likely to grow at a faster pace this year, but it would still be below the government’s goal of six to seven percent as rate hikes continue to constrict demand, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said......»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
Philippine landslide death toll rises to 92, search for 36 continues
MANILA, Feb. 15 (Xinhua) -- The death toll from the Feb. 6 landslide that hit a mining town in Davao de Oro province in the southern Philippines has risen to 92, local authorities said Thursday. Provincial government of Davao de Oro said on social media that rescuers are still looking for 36 missing people. Leah Anora of the Department of Interior and Local government told a press conference at Maco, the.....»»
Philippine landslide death toll rises to 92, search for 36 continues
MANILA, Feb. 15 (Xinhua) -- The death toll from the Feb. 6 landslide that hit a mining town in Davao de Oro province in the southern Philippines has risen to 92, local authorities said Thursday. Provincial government of Davao de Oro said on social media that rescuers are still looking for 36 missing people. Leah Anora of the Department of Interior and Local government told a press conference at Maco, the.....»»
Philippine landslide death toll rises to 71, search for 47 continues
MANILA, Feb. 13 (Xinhua) -- The death toll from the Feb. 6 landslide that hit a mining town in Davao de Oro province in the southern Philippines has risen to 71, a government official said Tuesday. Leah Anora of the Department of the Interior and Local Government told a press conference at Maco, the municipality where the tragedy occurred, that rescuers are still looking for 47 missing people. Thirty-two.....»»
Philippine landslide death toll rises to 71, search for 47 continues
MANILA, Feb. 13 (Xinhua) -- The death toll from the Feb. 6 landslide that hit a mining town in Davao de Oro province in the southern Philippines has risen to 71, a government official said Tuesday. Leah Anora of the Department of the Interior and Local Government told a press conference at Maco, the municipality where the tragedy occurred, that rescuers are still looking for 47 missing people. Thirty-two.....»»
Higher GOCC remittances to help reduce debt – Marcos
Higher remittances from government-owned or controlled corporations will help cut the country’s borrowings and avoid the imposition of higher taxes, President Marcos said yesterday......»»
Debt payments decline to P294 billion in February
The Marcos administration reduced its debt service to P294 billion in February amid the decline in the payment for the loan principal borrowed by the government......»»
BOP shortfall narrows to $196 million in February
The Philippines registered a balance of payments shortfall of $196 million in February, its second straight month of deficit, as the government settled more foreign debt obligations last month, the Bangko Sentral ng Pilipinas said......»»
BOP swings to deficit in January
The country’s balance of payments swung to a deficit of $740 million in January, the highest in almost a year, as the government paid its foreign currency debt obligations......»»
T-bond rates up slightly
The government borrowed P30 billion from the domestic debt market at a slightly higher rates ahead of the policy decision of the US Federal Reserve......»»
Grab contributes up to 0.3 percent to GDP – study
Ride-hailing giant Grab Philippines contributes as much as 0.3 percent to the economy, as a peso spent on the platform generates an additional P3.42 in output, according to a recent report......»»
Wage hike to cut GDP growth, raise unemployment – NEDA
The proposed legislation for a P100 wage increase for private workers could shave up to 0.5 percentage point off the country’s economic growth and reverse gains ......»»
Higher consumption seen to drive GDP growth faster
The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»
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......»»
Strong GDP expansion gives BSP room to further hike rates
he impressive economic growth posted by the Philippines in 2023 will give the Bangko Sentral ng Pilipinas more space to further raise interest rates in case of shocks, according to economists......»»
Stocks rebound on encouraging GDP numbers
Local stocks rebounded from a two-day slump after Philippine economic growth was reported at 5.6 percent yesterday......»»
Q3 GDP growth revised upward to 6 percent
The Philippine economy posted a slightly faster growth rate in the third quarter of 2023 than initially reported, according to the Philippine Statistics Authority......»»