Economy

PH Peso remains strong vs. US Dollar amidst COVID-19 pandemic

The Philippine Peso remains strong against the US Dollar and is expected to be so until the end of 2020 and beyond amidst the effect of the global health crisis. The Peso...

GIR up by $0.71B

The Gross International Reserves (GIR) of the country for the month of November has increased by US$0.71 billion. According to the Bangko Sentral ng Pilipinas (BSP) GIR rose to US$104.51 billion from...

Ingat Angat Tayong Lahat Campaign launched to boost economy

Members of the private sector have come together to help the economy rise up from the challenges of the Coronavirus Disease (COVID-19) pandemic. The "Ingat Angat Tayong Lahat" Campaign has been launched...

Palace positive despite economic slump

Malacaňang is optimistic that the country’s economy will pick up by next year. The Philippine Economic Update, December 2020 edition of the international financial institution, World Bank, expects the country’s economy “to...

PHL exploring innovative financing to protect fiscal health vs adversities

DOF PR Finance Secretary Carlos Dominguez III said Wednesday the Philippines is looking forward to a strengthened partnership with the World Bank (WB) in boosting the country’s fiscal sustainability as the government...

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%...

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