Economy

Sec. Martin Andanar on the country’s 11.8% GDP growth rate for the 2Q of 2021

We are delighted by the 11.8% expansion of our GDP for the second quarter of 2021. This is a good indicator of the strategic balance and management being employed by the...

FIRB okays tax breaks, other incentives for 3 investment projects worth P29-B

The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila and worth P29.4...

Moody’s upbeat about Philippines’ recovery prospects; sees economy growing faster than most countries

Moody’s Investors Service is upbeat about the Philippines’ recovery prospects from the COVID-19 crisis, expecting the economy to outperform most of the sovereigns it rates in terms of average growth up...

NG records P149.9 billion budget deficit in June 2021

The national government’s (NG) fiscal balance swung back to a P149.9 billion budget deficit for June 2021 compared to last year, due to the 30.03% decline in revenue collection as the...

SSS self-employed, voluntary membership up by 20.2%

The number of self-employed and voluntary members (SEVMs) of the Social Security System (SSS) has increased by 20.2% to 8.43 million as of May 2021.   SSS President and Chief Executive Officer Aurora...

PH exports continue recovery with robust 29.8% growth in May 2021

Philippine exports led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed $5.89 billion to total trade, or...

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