The Economy

The Economy

President Duterte signs P4.1 trillion 2020 national budget

President Rodrigo Roa Duterte on Monday, January 6 signed the 2020 General Appropriations Act (GAA) geared towards sustaining critical infrastructure, human capital development and socio-economic growth in the country. In…

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The Economy

Duty Free Philippines Corporation doubles growth rate in 2019

MANILA – Duty Free Philippines Corporation (DFPC) has doubled its year-on-year sales growth to +4 percent in 2019 compared to +2 percent in 2018. DFPC has maintained its strong growth trajectory…

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The Economy

Majority of Filipinos believe ‘more projects’ implemented under Duterte gov’t

The majority of Filipinos believe more projects were implemented under the Duterte government, a recent Pulse Asia survey showed. Of those surveyed from December 3 to 8, 2019, 73% said…

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The Economy

Land Bank of the Philippines and the Cooperative Development Authority ink new partnership for unbanked cooperatives

The Land Bank of the Philippines (LANDBANK) and the Cooperative Development Authority (CDA) have joined hands anew for the Financial Inclusion Through Cooperatives (FIT-Coop) Program, an initiative that will provide…

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Development Bank of the Philippines pumps up Cavite digitalization efforts

State-owned Development Bank of the Philippines (DBP) signed a P590-million loan agreement with the Provincial Government of Cavite for the establishment of the Cavite Broadband Network (CBN), which is expected…

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The Economy

Department of Tourism sees all time high visitor arrivals, celebrates 8 millionth guest in 2019

Manila, Philippines – The Department of Tourism (DOT) showcased the world-renowned Filipino hospitality in welcoming the Philippines’ eight millionth guest this year. “Breaching the eight million mark is another milestone…

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Philippine exports grow by 5.1% in 3rd Quarter of 2019

Makati — Amidst the backdrop of global uncertainty stemming from the US-China trade war, Philippine exports of goods and services remained resilient, as it expanded by 5.1% year-on-year (yoy) to…

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The Economy

Andanar hopeful for government to reach its poverty reduction target by 2020

Dagupan, Pangasinan — Presidential Communications Operations Office (PCOO) Secretary Martin Andanar said on Sunday, December 15, that he is hopeful that the government can achieve its target of improving the…

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The Economy

Bureau of Customs clarifies the guidelines on sending duty and tax-free balikbayan boxes

Manila — The Bureau of Customs on Wednesday, December 18, 2019, clarified the guidelines on sending duty and tax-free balikbayan boxes. Under Customs Modernization and Tariff Act (CMTA), returning residents,…

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The Economy

Development Bank of the Philippines extends P4-B loan for Batangas province development projects

Makati City — State-owned Development Bank of the Philippines (DBP) and the Provincial Government of Batangas recently signed a P4 billion term loan agreement that will accelerate the province’s overall…

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Department of Trade and Industry Chief leads international launch of Philippine Pavilion at the Dubai Expo 2020

Dubai – Trade Secretary Ramon Lopez led the international launch of the Philippine pavilion last 12 December for the upcoming Expo 2020 Dubai. Located at the Expo’s Sustainability District, the…

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ADB Approves $200 Million Loan to Support Delivery of Flagship Infrastructure Projects in Philippines

Manila, Philippines — The Asian Development Bank (ADB) has approved a $200 million loan to help the Philippine government prepare and implement major infrastructure projects under its flagship “Build, Build,…

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The Economy

Proportion of poor Filipinos was estimated at 16.6 % in 2018

The full year 2018 poverty incidence among population, or the proportion of poor Filipinos whose per capita income is not sufficient to meet their basic food and non-food needs, was…

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Creative industry sector eyed as a key driver for exports

The Department of Trade and Industry (DTI) aims to boost Philippine (PH) exports in services through the creative industry. DTI Secretary Ramon Lopez underscored the potential of the industry in…

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Philippine Board of Investments reaches historic level of over 1 Trillion Pesos in approved investments

The Philippine Board of Investments (BOI), the country’s lead investments and industry promotions agency breached its annual target of P1 T as it reached P1.040 T in investment approvals in…

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Philippines and Korea ink tourism cooperation deal

Busan, South Korea – The Philippines continues to secure strong tourism ties with the Republic of Korea (R.O.K), with the inking of the Implementation Program on Tourism Cooperation between the…

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BOI investments double up in January-September 2019

Makati City — Cumulative investments recorded by the Philippine Board of Investments (BOI) reached P764.7 billion as of September 2019, increasing more than two-fold (105 percent) in comparison with P372.9…

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Governor of Bangko Sentral ng Pilipinas spotlights the Philippine economy’s resilience in Forum in Washington, DC

Washington, DC — “The Philippines has come a long way, but it is now recognized globally as among the fastest growing and most resilient economies in the world. Its prospects…

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Visitor arrivals to the Philippines surpasses 6 million, up 14.37% year-on-year

Manila, Philippines – The Philippine tourism industry remains in a sweet spot as the country’s inbound visitor count continues to see an upward trend, surpassing the six million mark at…

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The Philippines eyes to expand halal food exports to MENA regions thru SIAL Middle East 2019

Pasay City — The Philippines eyes to expand halal food exports in the Middle East and North Africa (MENA) region. DTI-CITEM joins one of the biggest food trade shows in…

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President Duterte signs P4.1 trillion 2020 national budget

Duty Free Philippines Corporation doubles growth rate in 2019

Majority of Filipinos believe ‘more projects’ implemented under Duterte gov’t

Land Bank of the Philippines and the Cooperative Development Authority ink new partnership for unbanked cooperatives

Development Bank of the Philippines pumps up Cavite digitalization efforts

Department of Tourism sees all time high visitor arrivals, celebrates 8 millionth guest in 2019

Philippine exports grow by 5.1% in 3rd Quarter of 2019

Andanar hopeful for government to reach its poverty reduction target by 2020

Bureau of Customs clarifies the guidelines on sending duty and tax-free balikbayan boxes

Development Bank of the Philippines extends P4-B loan for Batangas province development projects

Department of Trade and Industry Chief leads international launch of Philippine Pavilion at the Dubai Expo 2020

ADB Approves $200 Million Loan to Support Delivery of Flagship Infrastructure Projects in Philippines

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Proportion of poor Filipinos was estimated at 16.6 % in 2018

Creative industry sector eyed as a key driver for exports

Philippine Board of Investments reaches historic level of over 1 Trillion Pesos in approved investments

Philippines and Korea ink tourism cooperation deal

BOI investments double up in January-September 2019

Governor of Bangko Sentral ng Pilipinas spotlights the Philippine economy’s resilience in Forum in Washington, DC

Visitor arrivals to the Philippines surpasses 6 million, up 14.37% year-on-year

The Philippines eyes to expand halal food exports to MENA regions thru SIAL Middle East 2019

Home Is a Moving Target

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Marcos highlights DHSUD, Pag-IBIG Fund gains under Expanded 4PH as housing program delivers over 500,000 homes for Filipinos

Franchise Association Launches First-Ever Visayas Franchise Conference 2026 – Igniting Growth: Visayas and Beyond

The 2026 Franchise Negosyo Roadshow Begins: “Franchise Negosyo Visayas Expo” Opens in Cebu