PR
MANILA, Philippines, 30 September 2020 – The National Government’s (NG) outstanding debt stood at P9,615.03 billion as of end-August 2020. The total debt stock for the month grew by P450.88 billion...
DOF PR
Finance Secretary Carlos Dominguez III has assured lawmakers that President Duterte’s economic team will maintain full transparency and exercise sound management of the government’s fiscal resources in meeting the challenges...
PR
Consumer sentiment falls to a record low for Q3 2020, continues to be pessimistic for Q4 2020, but turns optimistic for the next 12 months.
The country’s consumer outlook turned pessimistic for...
PR
Business confidence on the economy turned negative in Q3 2020, after posting 43 quarters of positive confidence (from Q3 2009 to Q1 2020), as the overall confidence index (CI) decreased to...
DOF PR
Finance Secretary Carlos Dominguez III said Wednesday that swift action to preserve the asset quality of banking institutions will ensure the continued strength of the financial sector, which, in turn,...
BSP PR
The 16.5% contraction of Q2 GDP does not mean that the Philippine economy is structurally weak. It is inappropriate to compare the Q2 performance of the economy with other crises...
