Economy

BSP remains vigilant of evolving global price conditions

The Bangko Sentral ng Pilipinas (BSP) remains vigilant of evolving global and domestic price conditions and stands ready to deploy appropriate monetary policy tools necessary to safeguard its price and financial...

Assets under management by trust entities hit P4.6 trillion, up by 41.3%, Y-O-Y

The assets under management (AUM) of trust entities in the Philippines posted a year-on-year growth of 41.3 percent in March 2021, bringing industry AUM to Php 4.6 trillion. The growth was...

DBP partners with DA to boost cash aid disbursement

The Development Bank of the Philippines (DBP) signed a memorandum of agreement (MOA) with the Department of Agriculture (DA) to facilitate the disbursement of financial assistance to the agriculture sector. DBP President...

Statement of economic managers of PH economic performance for Q2 2021

"We are pleased to report that the Philippine economy strongly recovered in the second quarter of 2021. The robust performance is driven by more than just base effects. It is the result of a better balance between addressing COVID-19 and the need to restore jobs and incomes of the people."

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...

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