The Economy

The Economy

Tourism contribution to Philippine GDP rises to 12.7%; provides 5.4 million jobs in 2018

The tourism industry’s contribution to the economy reached another milestone in 2018 as it increased to 12.7% of the Philippines’ Gross Domestic Product (GDP), 0.5% higher than in 2017, according…

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The Economy

May inflation rate falls within gov’t target range of 2-4%

Manila, June 6 — Headline inflation increased to 3.2 percent year-on-year in May 2019 from 3.0 percent in the previous month. The resulting year-to-date average of 3.6 percent remains within…

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Stronger ties with Asia’s economic powers to shield Philippines from uncertainties

Tokyo Japan—President Rodrigo Duterte in a speech during his meeting with the Filipino community said there is waning US global influence and that he believes forging stronger economic relations with…

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Young coconuts from the Philippines all set to enter US market

Washington, DC — “The US Government has confirmed that young coconuts from the Philippines may now be exported through all ports in the USA,” the Philippine Agriculture Attaché to the…

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The Economy

The Philippines Leaps 4 Spots in Global Competitiveness Report

The Philippines advanced from 50th to 46th out of 63 economies in the latest ranking report from the 2019 World Competitiveness Yearbook of the International Institute Management for Development. Department of…

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51.54% Increase in Tourist Arrivals from Jordan

Amman — Under the current leadership of Ambassador Akmad Atlah Sakkam, the Philippine Embassy in Amman, applauds the remarkable performance of the Philippine tourism sector after Jordan posted one of…

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President Duterte asks Japan businessmen to invest in tourism

TOKYO, JAPAN – In a parallel event to the 14th Philippine Business Mission (PBM) for tourism held in Japan, President Rodrigo Duterte met with leaders of the Japanese travel…

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Philippine Embassy in Buenos Aires Promotes Trade, Investments in Argentine Forum

Buenos Aires — Together with other ASEAN Embassies in Buenos Aires, the Philippine Embassy in Buenos Aires participates in a trade and investments seminar jointly organized by the Banco Provincia…

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The Philippines and Japan sign almost P300-B in business agreements, letters of intent

TOKYO, Japan—A total of 26 business agreements and letters of intent worth P288.894 billion were signed between Filipino and Japanese businessmen during the visit of President Rodrigo Roa Duterte here…

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President Duterte invites Japanese companies to invest in the Philippines, assures corruption-free environment

Tokyo, Japan—President Rodrigo Roa Duterte on Wednesday, May 29 asked Japanese investors to participate in the administration’s ambitious “Build Build Build” infrastructure program. Speaking before Japanese and Filipino investors during…

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Philippines eyes to expand U.S. food exports through New York’s biggest speciality food event

Manila, Philippines — After its successful participation in the Winter Fancy Food Show (WFFS) in San Francisco, the Philippines is gearing up for another showcase of its top export food…

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DTI-BOI supports New Kinpo Group’s plans to expand in Batangas

MAKATI – The Department of Trade and Industry (DTI) and the Board of Investments (BOI) will back up the expansion plan of the New Kinpo Group (NKG), the world’s leading…

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BOI Investments hit PHP 287 Billion from January to April, Up 46%

Trade Secretary and Board of Investments (BOI) Chairman Ramon Lopez announced that cumulative approved investments recorded by the BOI from January to April 2019 hit Php286.7 billion, a 46.5 percent…

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The Economy

130,000 clients benefit from Duty Free Philippines’ OFW center

Manila, Philippines – About 130,000 clients have been served by Duty Free Philippines’ (DFP) OFW Center at Fiestamall in Parañaque City last year, according to recent report of the Marketing…

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Department of Tourism Reports 7.6% Increase in Foreign Tourist Arrivals for 1st Quarter of 2019

Record-high international tourist arrivals posted in the first quarter of the year present an encouraging sign that Philippine tourism is on the right track, the Department of Tourism (DOT) says.…

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PH Products Showcased at Shishi Int’l Brand Expo, Fashion Week 2019

Xiamen — Consul General to Xiamen Julius Caesar A. Flores attended as a VIP guest at the opening ceremony of the 5th China (Quanzhou) Maritime Silk Road International Brand Expo,…

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24 Philippine firms bag over $42M trade sales and investment lead in World’s biggest Halal trade event

Twenty-four Philippine companies bagged more than US$42 million of export sales and investment leads from over 300 foreign buyers in the country’s participation in the Malaysia International Halal Showcase (MIHAS)…

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PH bags US$12.165 billion in investments, more than 21,000 jobs from Chinese firms

BEIJING – President Rodrigo Roa Duterte witnessed the exchange of 19 signed business agreements with Chinese firms, amounting to US$ 12.165 billion in investments/trade leading to a projected employment of…

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President Duterte highlights significance of human cooperation, migrant workers

BEIJING, China — President Rodrigo Roa Duterte on Friday, April 26, recognized the contribution of migrant workers to the development of home and host countries, advocating their protection and welfare…

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President Duterte to create enabling business environment for investors

BEIJING, China, April 27 — President Rodrigo Roa Duterte on Friday, April 26, invited entrepreneurs to invest in the Philippines, promising an environment conducive to business. “I want you guys,…

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Tourism contribution to Philippine GDP rises to 12.7%; provides 5.4 million jobs in 2018

May inflation rate falls within gov’t target range of 2-4%

Stronger ties with Asia’s economic powers to shield Philippines from uncertainties

Young coconuts from the Philippines all set to enter US market

The Philippines Leaps 4 Spots in Global Competitiveness Report

51.54% Increase in Tourist Arrivals from Jordan

President Duterte asks Japan businessmen to invest in tourism

Philippine Embassy in Buenos Aires Promotes Trade, Investments in Argentine Forum

The Philippines and Japan sign almost P300-B in business agreements, letters of intent

President Duterte invites Japanese companies to invest in the Philippines, assures corruption-free environment

Philippines eyes to expand U.S. food exports through New York’s biggest speciality food event

DTI-BOI supports New Kinpo Group’s plans to expand in Batangas

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BOI Investments hit PHP 287 Billion from January to April, Up 46%

130,000 clients benefit from Duty Free Philippines’ OFW center

Department of Tourism Reports 7.6% Increase in Foreign Tourist Arrivals for 1st Quarter of 2019

PH Products Showcased at Shishi Int’l Brand Expo, Fashion Week 2019

24 Philippine firms bag over $42M trade sales and investment lead in World’s biggest Halal trade event

PH bags US$12.165 billion in investments, more than 21,000 jobs from Chinese firms

President Duterte highlights significance of human cooperation, migrant workers

President Duterte to create enabling business environment for investors

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