Economy

PH inflation remains steady; price stability to support economic recovery

NEDA PR MANILA – The headline inflation rate for April 2020 was estimated at 2.2 percent, which reflects relatively stable prices for Filipino families. Inflation rates over the past three months show...

Philippine economy may suffer if ECQ extends

Presidential Adviser for Entrepreneurship Joey Concepcion has stated that the economy of the Philippines will have a hard time recovering if the enhanced community quarantine is to be extended again. Concepcion hopes...

General Government Debt down to 37.2 percent of GDP as of Sept 2019

DOF PR The country’s consolidated General Government (GG) debt stood at P6.79 trillion in the third quarter of 2019, or down by 0.4 percentage point to the ratio of 37.2 percent of...

NEDA to announce Q1 GDP report

The National Economic and Development Authority (NEDA) is set to release the first quarter report on the Gross Domestic Product (GDP) growth of the Philippines. Due to economic blows from the Taal...

PEZA prepares post-COVID business continuity plans to assist affected registered enterprises in PH

PEZA PR Taguig City – The Philippine Economic Zone Authority (PEZA) is now making its post-COVID pandemic business continuity plans to better assist its registered locator companies affected by the Enhanced Community...

BIR, BOC miss revenue target by more than Php 100B in Q1

As the economy barely grew in the first quarter, recent data from the Finance Department show a drop in revenue in the government’s top revenue generating agencies, the Bureau of Internal...

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