The Economy

The Economy

BIR extends tax filing and payment deadline for taxpayers under ECQ and MECQ

The Bureau of Internal Revenue has extended the deadline of filing of returns and payment of taxes, as well as submission of reports and attachments, that fall within the period…

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The Economy

June exports expand 9.49%, as gains for the first half of the year climb

Total Philippine exports surged to an almost double-digit increase in June this year by 9.49% and gaining USD563.9M. The growth is attributed to the reopening of the global markets like…

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The Economy

PhilGuarantee MSME loan guarantees grow to P2.1B as of mid-2021

The amount of bank loans of micro, small and medium enterprises (MSMEs) guaranteed by the Philippine Guarantee Corp. (PhilGuarantee) reached P2.1 billion as of June this year, allowing almost 10,000 COVID…

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The Economy

GDP posted double digit growth of 11.8 percent in the second quarter of 2021, the highest since fourth quarter of 1988

The Philippine Gross Domestic Product (GDP) posted a growth of 11.8 percent in the second quarter of 2021. This was the highest since the fourth quarter of 1988 which posted…

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The Economy

Bangko Sentral ng Pilipinas Cites Q2 2021 Philippine GDP Growth

The Bangko Sentral ng Pilipinas (BSP) notes the 11.8 percent growth of the country’s Gross Domestic Product (GDP) in the second quarter of 2021. This is the highest year-on-year growth…

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The Economy

Triple ‘A’ rating from Chinese debt watcher supports efforts to diversify funding sources for the Philippines

China Lianhe Credit Rating Co. Ltd. has affirmed the “AAA” long-term issuer rating of the Philippines, bestowing the highest level of confidence in the country’s ability to service financial obligations…

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The Economy

Moody’s Investors Service upbeat about Philippines’ recovery prospects; sees economy growing faster than most countries

Moody’s Investors Service is upbeat about the Philippines’ recovery prospects from the COVID-19 crisis, expecting the economy to outperform most of the sovereigns it rates in terms of average growth…

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The Economy

Development Bank of the Philippines inks pact with the Small Business Corporation to boost MSME recovery

State-owned Development Bank of the Philippines (DBP) has partnered with the Small Business Corporation (SB Corp.) for the establishment of a strategic client referral and management system to efficiently manage…

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The Economy

Union Bank of the Philippines to Issue First Social Bond with Investment from IFC

Tens of thousands of jobs are expected to be created over the next seven years through a new social bond to be issued by one of the Philippines’ leading banks…

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The Economy

Personal Remittances rise by 6.6% YoY to US$13.7 Billion in January – May 2021

Personal remittances from overseas Filipinos (OFs) increased by 13.3 percent to US$2.652 billion in May 2021 from US$2.341 billion in May 2020. This brought the cumulative remittances to US$13.68 billion…

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Philippines and Brunei sign double taxation agreement seen to generate investments, create jobs

Bandar Seri Begawan — The Philippines and Brunei Darussalam have signed an agreement aimed at eliminating double taxation and preventing fiscal evasion on taxes on income arising from cross-border transactions…

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The Economy

Philippines census basis for policies, recovery strategies says NEDA

The 2020 Census of Population and Housing (CPH) will help inform the country’s policies and strategies moving forward, the National Economic and Development Authority (NEDA) said. “Demographic data is a…

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The Economy

Philippines keeps ‘BBB’ rating with Fitch

The Philippines has continued to maintain its investment-grade credit ratings despite the global COVID-19 crisis that has led to a wave of rating downgrades across the globe. International debt watcher…

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The Economy

Construction of Estrella Pantaleon Bridge nears finish line

Finishing works of the Department of Public Works and Highways (DPWH) for the Estrella Pantaleon Bridge Project across Pasig River are in full swing and set to be completed towards…

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The Economy

Philippine National Railways Calamba Project to generate over 10,000 direct jobs says DOTr Secretary Tugade

CALAMBA, Laguna – In addition to the benefits of improved mobility and connectivity, the Philippine National Railways (PNR) Calamba Project will also provide over 10,000 direct jobs once its construction…

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2020 Census of Population and Housing (2020 CPH) Population Counts Declared Official by the President

The Philippine Statistics Authority (PSA) announced on Wednesday, July 7, that based on the 2020 Census of Population and Housing (2020 CPH), the total population of the Philippines as of…

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The Economy

Digital Cities ICT roadmaps target to create 100K provincial jobs

Provincial locations outside of Metro Manila set their goals to create a total of over a hundred thousand local jobs in their respective cities by 2025. Of the 31 cities…

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BIR extends tax filing and payment deadline for taxpayers under ECQ and MECQ

June exports expand 9.49%, as gains for the first half of the year climb

PhilGuarantee MSME loan guarantees grow to P2.1B as of mid-2021

GDP posted double digit growth of 11.8 percent in the second quarter of 2021, the highest since fourth quarter of 1988

Bangko Sentral ng Pilipinas Cites Q2 2021 Philippine GDP Growth

Triple ‘A’ rating from Chinese debt watcher supports efforts to diversify funding sources for the Philippines

Moody’s Investors Service upbeat about Philippines’ recovery prospects; sees economy growing faster than most countries

Development Bank of the Philippines inks pact with the Small Business Corporation to boost MSME recovery

Union Bank of the Philippines to Issue First Social Bond with Investment from IFC

Personal Remittances rise by 6.6% YoY to US$13.7 Billion in January – May 2021

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Philippines and Brunei sign double taxation agreement seen to generate investments, create jobs

Philippines census basis for policies, recovery strategies says NEDA

Philippines keeps ‘BBB’ rating with Fitch

Construction of Estrella Pantaleon Bridge nears finish line

Philippine National Railways Calamba Project to generate over 10,000 direct jobs says DOTr Secretary Tugade

2020 Census of Population and Housing (2020 CPH) Population Counts Declared Official by the President

Digital Cities ICT roadmaps target to create 100K provincial jobs

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