The Economy

The Economy

Government aims to attract COVID-19 test kit manufacturers to invest in the Philippines

The government is recruiting companies producing test kits for COVID-19 to put up manufacturing facilities in the Philippines, a trade official said. Department of Trade and Industry (DTI) Undersecretary Ceferino…

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The Economy

Philippines projected to benefit from ongoing US-China trade war

Although the US and China trade war is anticipated to have a minimal impact on the Philippine economy, the overall long-term outlook is seen to be beneficial. Bangko Sentral ng…

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The Economy

Philippines’ investment advantage in economic recovery from pandemic is having rich human and natural resources says PEZA Chief

“The Philippines will be an investment haven in Asia once its two biggest wealth, its human and natural resources, are tapped and responsibly utilized,” said Philippine Economic Zone Authority (PEZA)…

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The Economy

Registered investments with the Philippine Board of Investments totals P84B for first four months, down from 2019

For the first four months of this year, total investments recorded by the Philippine Board of Investments (BOI) reached Php84.1 billion—a 71% digression from 2019’s Php286.7 billion. “The downturn is…

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The Economy

Department of Tourism partners with WTTC to share experts’ tourism outlook, recovery plans

The tourism industry will recover. This is the consensus of tourism experts tapped by the Philippine Department of Tourism (DOT) and the Tourism Promotions Board (TPB) in partnership with World…

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The Economy

The Philippines Ranks 7th Best Country in the World to Invest in for 2020

According to CEO Magazine, the Philippines ranks as the 7th best country in the world to invest in or do business for 2020. In an article on CEO Magazine’s website,…

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The Economy

Philippine exports dip amid lockdown as expected

As per recent data from the Philippine Statistics Authority (PSA), 6 out of 9 electronics exports groups reported positive growth for the first quarter of 2020 despite the COVID-19 global…

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The Economy

With overseas Filipinos losing jobs abroad, growth in remittance downgraded to 2% for the Philippines

For the Philippines, remittances are among the significant growth drivers of the economy—accounting for roughly 9% of annual domestic output. However, remittance from overseas Filipino workers (OFWs) this year has…

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The Economy

“Balik Probinsya” program paves the way to agricultural industrialization

The Department of Agriculture supports the implementation of the “Balik Probinsya, Bagong Pag-asa (BP2)” program as it will not only decongest Metro Manila and ensure balanced regional development and equitable…

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The Economy

COVID-related economic activities and ‘Balik Probinsya’ Program proposed in the 2020 Investment Priorities Plan

In the proposed 2020 Investment Priorities Plan (IPP) of the Board of Investments (BOI) are economic activities along with the ‘Balik Probinsya’ program—programs aimed at supporting the government’s actions for…

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The Economy

UN report projects global economy to shrink by 3.2% for 2020

According to a UN report released Wednesday, May 13, the global economy is now projected to contract by 3.2% for 2020 as a result of the COVID-19 global pandemic. Further…

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The Economy

94% of Philippine Economy to Re-Open Under General Community Quarantine

On Thursday, May 7, Department of Trade and Industry Secretary Ramon Lopez said that roughly 94% of economic activities in the Philippines will open under a general community quarantine (GCQ).…

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To fast track economic recovery and cushion the impact of the COVID-19 global pandemic, the Philippines joins APEC Consensus for continuous trade

Economies have been encouraged by the Asia Pacific Economic Cooperation (APEC) Trade Ministers to pursue facilitative measures that would expedite economic recovery after the COVID-19 global pandemic, mitigate health and…

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The Economy

Philippine agricultural exports reach new markets amid COVID-19

Philippine agricultural exports broke into three new international markets, despite the COVID-19 pandemic and the varied local community quarantines. In the past two months, maiden shipments of avocados arrived in…

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Philippines remains No.1 in Southeast Asia for budget transparency

The Philippines secured the top spot in Southeast Asia for budget transparency after the results of the 2019 Open Budget Survey (OBS) were released last April 29, 2020. The country…

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The Economy

The financial strength of the Philippines among the highest in the world—says report from The Economist

A report from The Economist ranks the Philippines 6th out of 66 select emerging world economies with the highest level of financial strength. As recently remarked by Bangko Sentral ng…

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The Economy

Foreign currency reserves of $89B in March reach all-time high for the Philippines

On Thursday, April 30, the Bangko Sentral ng Pilipinas (BSP) reported that the country, as of March 2020, has reached the highest foreign currency reserves—amounting to USD$88.995 billion, an increase…

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The Economy

President Duterte elated with Philippines maintaining BBB+ credit rating

President Rodrigo Roa Duterte expressed elation Monday as he reported that the Philippines has maintained its BBB+ credit rating although the country’s economy continues to reel from the effects of…

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The Economy

Webinar held by country’s tourism department addresses recovery, future outlook of the Philippines’ M.I.C.E. industry

Manila, Philippines — During the April 28 livestream webinar on Global MICE Situationer in the Time of the Pandemic, Department of Tourism (DOT) Secretary Bernadette Romulo-Puyat relayed a sense of…

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The Economy

Over 2 million workers displaced by pandemic; OFWs seeking government assistance now exceeds 230,000

Over 230,000 overseas Filipino workers that are impacted by the global COVID-19 pandemic are seeking cash assistance from the Philippine government—a figure that exceeds the set target of 150,000 beneficiaries…

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Government aims to attract COVID-19 test kit manufacturers to invest in the Philippines

Philippines projected to benefit from ongoing US-China trade war

Philippines’ investment advantage in economic recovery from pandemic is having rich human and natural resources says PEZA Chief

Registered investments with the Philippine Board of Investments totals P84B for first four months, down from 2019

Department of Tourism partners with WTTC to share experts’ tourism outlook, recovery plans

The Philippines Ranks 7th Best Country in the World to Invest in for 2020

Philippine exports dip amid lockdown as expected

With overseas Filipinos losing jobs abroad, growth in remittance downgraded to 2% for the Philippines

“Balik Probinsya” program paves the way to agricultural industrialization

COVID-related economic activities and ‘Balik Probinsya’ Program proposed in the 2020 Investment Priorities Plan

UN report projects global economy to shrink by 3.2% for 2020

94% of Philippine Economy to Re-Open Under General Community Quarantine

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To fast track economic recovery and cushion the impact of the COVID-19 global pandemic, the Philippines joins APEC Consensus for continuous trade

Philippine agricultural exports reach new markets amid COVID-19

Philippines remains No.1 in Southeast Asia for budget transparency

The financial strength of the Philippines among the highest in the world—says report from The Economist

Foreign currency reserves of $89B in March reach all-time high for the Philippines

President Duterte elated with Philippines maintaining BBB+ credit rating

Webinar held by country’s tourism department addresses recovery, future outlook of the Philippines’ M.I.C.E. industry

Over 2 million workers displaced by pandemic; OFWs seeking government assistance now exceeds 230,000

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