Category: Economic Indicators
PHL inflation still manageable — ECoP
A wide variety of fish at the Marikina Public Market. — PHILIPPINE STAR/ WALTER BOLLOZOS THE 6.9% inflation rate in September remains “manageable” and is…
Geothermal, biomass, hydro classified as preferred dispatchers of power
Geothermal – Unified Leyte Power Plants THE Department of Energy (DoE) said on Thursday that geothermal, biomass, and hydroelectric power plants have been designated preferred…
World Bank urges Philippines to cement place in industrial, tech and health value chains
REUTERS THE PHILIPPINES must establish its niche in the global value chains for manufacturing, technology, and health and life sciences, the World Bank said. At…
Frozen pork inventory rises 15% at end of September
THE inventory of frozen pork in accredited storage facilities rose 15% year on year to 94,234.80 metric tons (MT) at the end of September, according…
Marcos says agri ambitions go beyond self-sufficiency
PRESIDENT FERDINAND R. MARCOS, JR. — PHILIPPINE STAR/ KRIZ JOHN ROSALES PRESIDENT Ferdinand R. Marcos, Jr. said on Thursday that his goals for agriculture go…
Q1 building permit approval growth slows on rising costs
APPROVED building permit applications rose 1.8% year on year in the first quarter, slowing from the 9.2% posted in the fourth quarter and the 4.7%…
Budget realignments dismissed as insignificant
PHILSTAR FILE PHOTO THE adjustments to the budget bill following its initial passage by the House of Representatives are minor and failed to touch discretionary…
Electronics, food exports seen little affected by slowing global trade
REUTERS THE Department of Trade and Industry (DTI) said resilient electronics and food exports will be the Philippines’ best bets for weathering the 2023 slowdown…
50 power distributors seen non-compliant with order to itemize generation charge
THE Energy Regulatory Commission (ERC) said on Thursday that 50 distribution utilities (DUs) are now under evaluation for alleged non-compliance with an order to provide…
Low-cost housing target set at 1M units/year
PHILIPPINE STAR/ BOY SANTOS THE Department of Human Settlements and Urban Development (DHSUD) said it hopes to augment the affordable housing stock by 1 million…
Gov’t signals slowdown on devolution, LGUs to take over health, welfare first
PHILSTAR FILE PHOTO/ RELEASE JBROS CONSTRUCTION CORP. THE National Government said the functions it will immediately devolve to local government units (LGUs) are local infrastructure…
Further P11.56B released for healthcare worker allowances
THE Department of Budget and Management (DBM) said it released a further P11.56 billion to the Department of Health (DoH) to fund the health emergency…
Marcos: Private help needed to ‘green’ economy
PRESIDENT Ferdinand R. Marcos, Jr. called on the private sector to help in the “greening” of the economy, calling the building of resiliency to climate…
Senator floats proposal to refund power bill cost-of-capital charge
PHILSTAR FILE PHOTO/ SENATE PRIB/JOSEPH VIDAL THE Energy Regulatory Commission (ERC) has been asked to consider ordering a refund of a cost-of-capital charge on electricity…
USDA raises PHL rice import forecast to 3.4 million MT
REUTERS PHILIPPINE rice imports are expected to rise to 3.4 million metric tons (MT) in the July 2022-June 2023 period, the US Department of Agriculture’s…
DPWH signs tunnel engineering deal with Japanese ministry
PHILIPPINE STAR/ MICHAEL VARCAS THE Department of Public Works and Highways (DPWH) said on Wednesday that it signed a cooperation deal with Japan’s Ministry of Land,…
House adds P77.5 billion to 2023 budget bill
PHILIPPINE STAR/ BOY SANTOS THE House of Representatives approved on Wednesday an additional P77.5 billion for the 2023 General Appropriations Bill (GAB), with augmented allocations…
Low NEDA review threshold seen deterring investment in local projects
PHILSTAR FILE PHOTO INVESTORS seeking to build local government transport infrastructure are deterred by the low threshold for triggering mandatory National Government review, a feature…
The growing popularity of the Board of Investments
Recently, there has been a growing interest from the Registered Business Enterprise (RBE) in the Information Technology and Business Processing Management (IT-BPM) sector to register…
SSS put on notice to boost returns, invited to finance infrastructure
SSS FACEBOOK PAGE FINANCE Secretary Benjamin E. Diokno said the Social Security System (SSS) needs to improve returns from its investment portfolio to better reflect…