The Economy

The Economy

LRT-1 Cavite Extension Phase 1 construction continues

Mandaluyong — The progress report of the Light Rail Manila Corporation (LRMC) covering the period October 14 to October 31 shows ongoing works for the Ninoy Aquino Station, including installation…

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The Economy

Inflation eases to 0.8 % in October 2019

Manila — Headline inflation slowed down further to 0.8 percent year-on-year in October 2019 from 0.9 percent in the previous month and was within the BSP’s expected range of 0.5-1.3…

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Department of Finance Secretary Dominguez sees 2019 growth of 6%

Pasay City — Finance Secretary Carlos Dominguez III remains optimistic that full-year economic expansion could hit the lower band of the official growth forecast of 6-7 percent as the domestic…

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The Philippines debuts in G20 Tourism Ministerial meeting

Hokkaido, Japan — The strong Philippine-Japan diplomatic relations, the active tourism promotions in Japan and the resounding feat of the Boracay Rehabilitation have led to the historical invitation of the…

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The Economy

Duty Free Philippines eyes growing market of Filipino outbound travelers

Manila, Philippines – Duty Free Philippines (DFP) has inked partnership with about 50 travel agencies that cater to Filipino International Travellers (FITs) to attract more customers to shop at DFP…

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The Economy

Cebu City officially part of UNESCO’s Creative Cities Network, joining 246 other cities around the World

Cebu City is now officially part of the UNESCO Creative Cities International Network under the design category. Cebu City joined 66 cities designated as one of the United Nations Educational,…

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Development Bank of the Philippines installs ATMs in underbanked Palawan towns

Makati — In support of the National Government’s efforts to promote greater financial inclusion, state-owned Development Bank of the Philippines (DBP) recently installed offsite automated teller machines (ATMs) in the…

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The Economy

Department of Transportation conducts operational dry run of Sangley Airport

Mandauyong — After over four months of intensive 24/7 construction, Sangley Airport will finally hold its operational dry run today, 29 October 2019. Eyed to help decongest the Ninoy Aquino…

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E-recruitment sentiment dips in the Philippines amidst economic slump

Overall sentiment for online hiring demand experienced 13%, 10% and 12% year-on-year growth for July, August and September, respectively. The Advertising & Marketing industry recorded maximum growth among all sectors,…

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The Economy

Department of Tourism partners with the Asian Development Bank for sustainable tourism development

Manila, Philippines — The Department of Tourism (DOT) is working with the Asian Development Bank (ADB) in preparing a tourism development program that will ensure sustainable and livable environment for…

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Department of Tourism improves ties with Indian counterparts

Manila, Philippines — The Department of Tourism (DOT) and Ministry of Tourism Government of the Republic of India recently signed a Memorandum of Understanding (MoU) to encourage bilateral cooperation in…

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DOT, TIBFI redefine future of tourism jobs

Baguio City, Philippines— As internet trends, artificial intelligence, virtual reality and robotics continue to change the landscape of the global tourism industry, the Department of Tourism (DOT) remains optimistic that…

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The Economy

New Clark City builds up PH’s SEA Games hosting—Senator Bong Go

Taguig City — Excitement stirs up as the world-class New Clark City sports complex shows the country’s readiness to host the upcoming 30th South East Asian Games. This was evident…

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Asian Development Bank’s support to the Philippines to reach record high in 2020–2022

Manila, Philippines — The Asian Development Bank’s (ADB) sovereign lending for the Philippines is expected to reach $9.1 billion between 2020 and 2022, as the government seeks to invest more…

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President Duterte’s determination and resolve will rid the country of corruption

Intramuros — President Rodrigo Duterte’s determination and resolve can rid the country of corrupt activities, Presidential Communications Operations Office (PCOO) Secretary Martin Andanar said on Monday, October 14, reminding government…

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Department of Tourism, Philippines win big at 2019 World Travel Awards

Phu Quoc Island, Vietnam — The Philippines continues to reap the fruits of its intensified tourism efforts, securing two major awards at the 2019 World Travel Awards. This year’s World…

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The Economy

Over 5 million international travellers visit the Philippines, up 14% during the same period compared to 2018

International visitor arrivals in the Philippines surged past the five million mark in August, boding bright prospects of attaining the tourism industry targets going into the last quarter of 2019.…

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President Duterte to Russian investors: You’re assured of gains and protection in the Philippines

Moscow, Russia—President Rodrigo Roa Duterte asked Russian investors on Friday to put their money in the Philippines, assuring them of profit and protection if they start operation in the country.…

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The Philippines and Russia optimistic on mutual economic growth opportunities

MAKATI — Department of Trade and Industry (DTI) Secretary Ramon Lopez revealed that Russian businesses are keen on expanding their operations to the Philippines. During a meeting with Russian Deputy…

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The Philippines and Russia to seal bilateral agreements during President Duterte’s visit

Manila — The Philippines and Russia are expected to seal several bilateral agreements when President Rodrigo Roa Duterte embarks on a five-day visit to that country next week, a foreign…

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LRT-1 Cavite Extension Phase 1 construction continues

Inflation eases to 0.8 % in October 2019

Department of Finance Secretary Dominguez sees 2019 growth of 6%

The Philippines debuts in G20 Tourism Ministerial meeting

Duty Free Philippines eyes growing market of Filipino outbound travelers

Cebu City officially part of UNESCO’s Creative Cities Network, joining 246 other cities around the World

Development Bank of the Philippines installs ATMs in underbanked Palawan towns

Department of Transportation conducts operational dry run of Sangley Airport

E-recruitment sentiment dips in the Philippines amidst economic slump

Department of Tourism partners with the Asian Development Bank for sustainable tourism development

Department of Tourism improves ties with Indian counterparts

DOT, TIBFI redefine future of tourism jobs

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New Clark City builds up PH’s SEA Games hosting—Senator Bong Go

Asian Development Bank’s support to the Philippines to reach record high in 2020–2022

President Duterte’s determination and resolve will rid the country of corruption

Department of Tourism, Philippines win big at 2019 World Travel Awards

Over 5 million international travellers visit the Philippines, up 14% during the same period compared to 2018

President Duterte to Russian investors: You’re assured of gains and protection in the Philippines

The Philippines and Russia optimistic on mutual economic growth opportunities

The Philippines and Russia to seal bilateral agreements during President Duterte’s visit

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