GDP Growth Lower Than Government’s Target
According to the Philippine Statistics Authority (PSA) on its report yesterday, the country’s GDP or Gross Domestic Product grew by 6.3 percent on the last …
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World Bank Lowers Commodity Price Projections for 2016
Based on its latest Commodity Markets Outlook report, prices of 37 out of the 46 commodities the World Bank monitors were projected to decline this …
Global Oil Price Drop Could Affect Over 2 Million OFWs, Middle East
Over 2 million Filipinos are working in the Middle East who may be affected by the continued global oil price drop. While the Central Bank …
El Niño: Flat Growth in Agriculture, Worst Yet To Come – PAG-ASA
The Philippine Statistics Authority data showed that the Philippine agricultural sector was greatly affected by El Niño and other calamities in 2015. The growth was …
PH Economy: Weaker Global Growth Performance, IMF Reports
Economic growth forecast for 2015 and 2016 has gone slightly down to 5.7 percent from 6 percent and 6.2 percent from 6.3 percent respectively. Despite …
BIR Aims For Higher Collection Target In 2016
The Bureau of Internal Revenue, the government’s largest revenue collection agency is under pressure for its collection target for 2016 is a whopping P2 trillion, …
Foreign Portfolio Investments Hit $599.7 Million Outflow, BSP
According to Bangko Sentral ng Pilipinas (BSP), foreign portfolio investments reached a huge amount of $599.7 million outflow for 2015. Way too far from what …
PH Direct Foreign Investment Straggles Behind Southeast Asian Neighbors
President Aquino recognizes that the Philippines is behind its Southeast Asian neighbors when it comes to direct foreign investments. Aquino points at the unstable political …
P13.6 Billion Maynilad Project for Water and Waste-Water Infrastructure
To continue meeting its service obligations to millions of its customers, the country’s biggest private water concessionaire Maynilad Water Services Inc., allocates a whopping P13.6 billion this …
PH Remains Among Fastest Growing Economies In East Asia, World Bank
The World Bank remains firm in its forecast that the Philippine economy will most likely grow by 6.4 percent this year, according to its Global …
Business One Stop Shop (BOSS) For Quick Business Registration and Renewal
Zamboanga City – On its second year now, the BOSS or Business One Stop Shop system by the City Government of Zamboanga has already started …
Ph Ranks Third in Global Business Optimism
The Philippines ranked third in global business optimism, according to Grant Thorton, an international accounting and auditing company. The survey results showed that the country’s …
‘Sin’ Tax Collection Rise, Government Revenues Grow
Excised taxes collected from the so-called “sin products” such as cigarettes and alcohol bring about a massive contribution to the country’s economic growth. Government revenues …
PH Economic Performance Outpace Asian Neighbors Anew, Imports Increase by 16.8%
The Philippine Statistics Authority (PSA) reported a 5-month consecutive growth in merchandise imports outpacing the economic performance of its Asian neighbors. The data released on …
SSS Offers Calamity Relief Package Loans For ‘Typhoon Nona’ Victims
On December 18th, through proclamation No. 1186, the President declared a national state of calamity after the country was hit by typhoon Nona. The Social …