Economy

PH GDP at -8.3% in 4th quarter of 2020

The Philippine gross domestic product (GDP) is at -8.3% in the 4th quarter of 2020 due to the effect of the Coronavirus Disease 2019 (COVID-19) pandemic to the market as reported...

NEDA acknowledges importance of youth in economy’s recovery

National Economic and Development Authority (NEDA) Acting Secretary Karl Chua acknowledged the importance of the youth in the economy’s recovery. The family activities of 44% of the youth aged 20 below largely...

PHL, China sign RMB500-M grant accord on economic and technical cooperation

DOF PR The Philippines and China signed Saturday an agreement on economic and technical cooperation that will provide the Philippines with a grant of 500 million renminbi (about US$77.38 million or P3.72...

PEZA welcomes 2021 with positive investments, performance lauded for maintaining a globally competitive business climate

PEZA PR PASAY CITY – The Philippine Economic Zone Authority (PEZA) Director General Charito “Ching” Plaza has pledged that “As we start a new year amidst the new normal, we will continue...

BSP: Gradual easing of transportation access to help economic recovery in 2021

The Bangko Sentral ng Pilipinas (BSP) is optimistic that the gradual easing of access to transportation will greatly help in the recovery of the economy this 2021. In the last months, the...

PHL, India to enhance economic partnership in infra development, digital technologies

DOF PR Finance Secretary Carlos Dominguez III and India Ambassador to the Philippines Shambhu Kumaran met recently to explore ways of enhancing economic cooperation between their two countries, especially in the areas...

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