Tag: bworldonline
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Q1 GDP likely grew by 5.8-6.3%, says Recto
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PHILIPPINE ECONOMIC GROWTH in the first quarter could have settled between 5.8% and 6.3%, Finance Secretary Ralph G. Recto said. “Anything higher than 5.5% is a win because last year we grew by 5.5%. If we grew by 5.8%, that’s good enough. That should be one of the highest in…
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BSP sees April inflation at 3.5-4.3%
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HEADLINE INFLATION may have accelerated further in April and possibly breached the 2-4% target, the Bangko Sentral ng Pilipinas (BSP) said.
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Philippine firms tackle wage hike conundrum
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ALEXANDER V. SUYAT, 36, trained to become a security guard in 2016 after years of working as a janitor, thinks he could earn more to support his wife and two kids.
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A book fair of consequence: Why the Philippine Book Festival matters
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BOOK FAIRS have become a staple in the calendar of most Filipino bookworms over the last 10 years. Two major ones last for a week and attract buyers from all over the country who are hoping to snag the latest bestsellers at a fraction of the cost.
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Currency depreciation may put central banks under pressure to tighten
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CONTINUED CURRENCY depreciation in Asia and the Pacific could add to inflationary pressures and prompt central banks to raise interest rates again, the International Monetary Fund (IMF) said.
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Another season of love with Rent
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ON Christmas Eve, filmmaker Mark Cohen and musician Roger David once again find themselves cold and broke in the middle of the harsh Manhattan winter. The rent is due on the old apartment they live in, owned by their former roommate Benjamin “Benny” Coffin III.
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DoF hikes dividend rate of GOCCs
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FINANCE SECRETARY Ralph G. Recto has ordered government-owned or -controlled corporations (GOCC) to increase their contributions to the National Government (NG) to boost state coffers.
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Philippines’ ongoing power crisis is not artificial, says Marcos
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PRESIDENT Ferdinand R. Marcos, Jr. on Monday dispelled fears that the Philippines was experiencing an artificial power crisis after the country’s sole grid operator again raised a yellow alert in the Luzon and Visayas grids, citing an El Niño-driven increase in demand. “It definitely is not an artificial crisis because…
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Government raises borrowing program to P2.57 trillion
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THE NATIONAL GOVERNMENT (NG) is looking to borrow P2.57 trillion this year, mostly from the domestic market, the Department of Finance (DoF) said on Monday. In a statement, the DoF said this is 5% higher than its original P2.46-trillion program. National Treasurer Sharon P. Almanza said the revised borrowing plan…
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A significant fixture in the Philippines’ sustained economic progress
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Infrastructure serves as the backbone of economic activity, enabling the efficient movement of goods and people, facilitating trade, and enhancing overall productivity. Research indicates that every public dollar invested in infrastructure yields a substantial economic return. For instance, a 2022 analysis by the World Bank revealed that public investment has…