Economy

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.

Pork tariff reduction key to PH inflation deceleration: BSP

MANILA – The deceleration of the domestic inflation rate, which is steady at 4.5 percent last May, depends on the normalization of pork supply with the help of the temporary tariff cut on imported pork.

ADB-backed project to help LGUs boost revenues, build fiscal resilience

Finance Secretary Carlos Dominguez III said Tuesday an Asian Development Bank (ADB)-funded project designed to boost the revenue-raising capacity of local government units (LGUs) will help the Philippines continuously build its...

PRRD cuts imported rice tariff, hikes imported pork levy

President Rodrigo Duterte approved on Saturday (May 15) the National Economic and Development Authority (NEDA) Board’s recommendations for an interim reduction of the Most Favoured Nation (MFN) tariff rates on imported rice.

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