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Foreign investment pledges more than double
Foreign investment pledges approved by investment promotion agencies surged by more than 127 percent to P394.45 billion in the fourth quarter of 2023 from P173.61 billion a year ago amid the country’s strong economic performance, according to the Philippine Statistics Authority......»»
BARMM’s investment hubs get governance citations
Members of the Bangsamoro business sector were elated with the special awards for efficiency bestowed upon the local governments in the region's two new investment hubs on Thursday, recognizing the accomplishments as key factors that can enhance the investment potentials of both areas......»»
Maharlika ready to make first investment in 90-120 days
Maharlika Investment Fund CEO, Rafael Consing, said that the MIF would likely make its first investment “in the next 90 to 120 days”......»»
State revenues hit P1.4 trillion in April
The country generated P1.4 trillion in revenues from January to April as the government ramped up its revenue mobilization efforts, Finance Secretary Ralph Recto said......»»
Non-banks’ domestic claims up by 15 percent in Q4
The domestic claims of non-bank financial institutions increased by 15 percent to P9.05 trillion in the fourth quarter of 2023 from P7.87 trillion in the same quarter in 2022, based on a survey of the Bangko Sentral ng Pilipinas (BSP)......»»
P1.7 trillion investments show confidence in Philippines
For some members of the House of Representatives, the P1.7 trillion in investments infused by local and foreign traders in 2023 proved business confidence in the country and in President Marcos......»»
‘Climate change inaction cost to reach P1.4 trillion by 2030’
The cost of inaction against climate change could reach P1.4 trillion by 2030, or about eight percent of the 2020 gross domestic product, the Department of Environment and Natural Resources said yesterd.....»»
Gov’t debt slightly drops to P14.93T
The national government’s total debt dropped to P14.93 trillion as of the end of March, down 1.67 percent from the previous month’s P15.12 trillion. This was because more money was repaid for domestic government loans than was borrowed. The Bureau of Treasury reported that 31.14 percent of the debt is from outside the country, while.....»»
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......»»
InstaPay, PESONet transactions hit P3.8 trillion in Q1
The value of online payments coursed through the automated clearing houses established by the Bangko Sentral ng Pilipinas (BSP) reached P3.81 trillion in the first three months of the year, as Filipinos continue to use digital channels for their financial transactions......»»
Philippines digital economy expands by 7.7 percent in 2023
The value of the Philippine digital sector went up by 7.7 percent to P2.05 trillion in 2023 from P1.9 trillion in 2022, according to the Philippine Statistics Authority......»»
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......»»
Philippines financial sector expands by 8 percent in February
The total resources of banks and non-bank financial institutions rose by 7.9 percent to P30.87 trillion as of end-February from P28.58 trillion in the same period a year ago, based on preliminary data from the Bangko Sentral ng Pilipinas......»»
Government jacks up infrastructure spending to P1.2 trillion in 2023
The government jacked up its infrastructure spending last year, hitting P1.2 trillion and effectively surpassing its programmed allocation on the back of faster disbursements for major transport and road projects, according to the Department of Budget and Management......»»
ICT spending in AsPac reaches $1.3 trillion in 2023
Information and communications technology spending in Asia and the Pacific reached the $1.3 trillion mark in 2023, as companies increased their investments on automation and cloud to survive and thrive in the digital era......»»
The trillion-dollar club
Could we really join the trillion-dollar club, along with the big boys, including Canada or Italy or Brazil?.....»»
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......»»
Government debt payments rise to record P1.6 trillion
The country’s debt service registered a record P1.6 trillion last year, exceeding the program, as the government aggressively moved to cut mounting obligations......»»
P4.57 trillion in agency budget released
Nearly 80 percent of the record P5.768 trillion budget for the year has been released as the government ramps up implementation of various programs......»»
Government borrowings inch up to P2.19 trillion
The Philippines slightly increased its borrowings to P2.19 trillion last year amid a high interest rate environment here and abroad, with the government almost hitting its entire financing program......»»