Economy

Gov’t priority set on social services, infra spending: DBM

MANILA -- The Philippine government continues to invest in areas that ensure future economic gains, such as human capital development and public infrastructure. The Department of Budget and Management (DBM) said in a...

DOTr eyes fuel subsidy hike to P20-K in 2019

MANILA -- The chairman of the House Committee on Ways and Means on Thursday revealed that the Department of Transportation (DOTr) is proposing to increase the amount of government fuel subsidy from...

Term deposit facility yields decline

MANILA -- Data from the Bangko Sentral ng Pilipinas (BSP) showed that weighted average accepted yields for term deposit facility (TDF) across all tenors declined on Wednesday’s auction. The central bank awarded in...

Gov’t committed to lift 6-M Filipinos out of poverty

MANILA -- The government is committed to reduce poverty rate from 21 percent to 14 percent or equivalent to lifting about six million Filipinos out of poverty by 2022, an official of...

OWWA releases P6-M soft loan to OFWs affected by crisis in KSA

ILOILO CITY -- The Overseas Workers Welfare Administration (OWWA) in Western Visayas has already released some PHP6 million in soft loans to overseas Filipino workers (OFWs) affected by the crisis in the...

PH stays at rank 73 in Global Innovation Index

MANILA -- The Philippines has maintained its spot in the Global Innovation Index (GII) 2018, ranking 73rd out of 126 economies. The GII, which gauges an economy’s innovation performance through innovation input and...

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