Economy

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...

Inflation decelerates in June as gov’t policy interventions take effect

Policy interventions to stabilize commodity prices have begun to take effect as headline inflation decelerated in June 2021, the National Economic and Development Authority (NEDA) said.  The Philippine Statistics Authority (PSA) reported...

Palace downplays low PH ranking in COVID-19 resilience study

MANILA – Malacañang on Wednesday stressed anew the importance of considering the “total health” of the nation, admitting that the COVID-19 pandemic is taking a heavy economic toll on the country.

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