Economy

Whole-of-gov’t approach vs. pandemic boosts economic recovery

The whole-of-government approach to address the impact of the coronavirus-induced pandemic has resulted positively as shown by the continued recovery of the Philippine economy, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. 

Canada’s annual inflation up to 4.7 pct in October

Canada's annual inflation rose to 4.7 percent in October 2021 from the previous month's 4.4 percent, according to Statistics Canada on Wednesday.

DOF: Suspension of fuel excise tax inequitable, detrimental to PH recovery

Department of Finance (DOF) Undersecretary and its Chief Economist Gil Beltran said the proposed suspension of the excise taxes on fuel will be inequitable and lead to significant revenue losses, thus...

NTF: GDP growth, positivity rate show COVID response ‘effective’

The Philippine economy's third-quarter performance and the below 5% positivity rate in COVID-19 cases show that the government's pandemic response is effective, a ranking government official said Wednesday (Nov. 10).

Joint Statement by Duterte Administration’s Economic Managers on PH economic performance for Q3 2021

In the third quarter of 2021, we contained the Delta variant and sustained our economic expansion even as stringent quarantines were in place. Our strategy was correct. The results are clear.

Pag-IBIG Fund releases record-high home loans from Jan-Sept 2021; up 80%

Pag-IBIG Fund again surpassed its own record amid the ongoing pandemic by releasing more than P65 billion in home loans in the last nine months, agency officials announced on Friday (Nov....

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