Economy

Inflation to normalize towards year end: NEDA

MANILA -- The National Economic and Development Authority (NEDA) expects the current surge in inflation, which is due in part to an overhaul in the taxation system, to be temporary and...

PH to save 2% of GDP in 5 yrs with nat’l ID: PSA

MANILA—The Philippine government can save 2 percent of its gross domestic product (GDP) over a five-year period with the implementation of a national identification (ID) system, a top official of the...

PH seeks ADB support for infra projects

MANILA -- The Philippine government is seeking further support from the Asian Development Bank (ADB) to advance its infrastructure program, especially for projects that will address Metro Manila's traffic problem, which...

PH infra program seen to boost Bicol economy

LEGAZPI CITY -- The Duterte administration’s infrastructure program can boost and regain high economic growth rate of the Bicol region, said a local official of economic development and planning agency. Agnes Espinas,...

S&P credit rating shows PH economy on right track

MANILA -- The credit rating upgrade of the Philippines based on the latest Standard & Poor (S&P) Global Ratings is an affirmation of "correct economic and fiscal policies" under the Duterte administration,...

Central Luzon’s economy grows 9.3%

CITY OF SAN FERNANDO, Pampanga -- Central Luzon’s economy grew 9.3 percent in 2017, slightly lower than the 9.5 percent in 2016, the National Economic and Development Authority’s (NEDA) office in...

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