Economy

Inflation rate increases to 3.3% in November

The Philippine Statistics Authority (PSA) reported that the inflation rate of the country has increased in the month of November. According to the PSA, the prices of commodities have increased from 2.5%...

Dominguez tells Japanese investors PHL is ‘promising’ investment hub

DOF PR Finance Secretary Carlos Dominguez III said Tuesday he expects the Philippines’ strong fundamentals, fiscal stamina, and effective governance to continue to make the country a "promising" investment destination and growing...

DOF: PH economy stronger, stable in 2021

Department of Finance (DOF) Secretary Carlos Dominguez III is expecting the Philippine economy to be stronger and stable in the year 2021. Sec. Dominguez pointed out that in 2021, there will be...

DOF Economic Bulletin on National Government (NG) Revenue Collection Performance for the First Three Quarters of 2020

DOF PR NG revenues dropped by 7.9% in the first three quarters of 2020 as the country battled a pandemic that led to nominal GDP slumping 8.6% during the period. Tax revenues dropped...

Domestic Liquidity Growth Eases in September

BSP PR Preliminary data show that domestic liquidity (M3) grew by 12.3 percent year-on-year to about ₱13.5 trillion in September. This was slower than the 13.7-percent (revised) expansion in August. On a...

Q3 2020 GDP contraction eased to 11.5 from 16.9 of Q2

The Philippine economy is slowly recovering from the impact of COVID-19 as more establishments and transportation are going back to business and employment resumes. The Philippine Statistics Authority (PSA) reported that the...

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