The Economy

The Economy

LANDBANK onboards 3.8-M unbanked National ID registrants to formal banking system

The Land Bank of the Philippines (LANDBANK) has cleared the way for 3.79 million unbanked registrants to the national ID system to be part of the formal banking system as…

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The Economy

Philippine exports continue recovery with a robust 29.8% growth in May 2021

Philippine Exports led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed USD 5.89B to total trade…

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The Economy

DPWH targets substantial completion of Binondo-Intramuros Bridge by December, works on construction of access ramps

Public Works and Highways Secretary Mark A. Villar announced that construction of access ramps are underway for the iconic Binondo-Intramuros Bridge Project. Secretary Villar said that civil work activities for…

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The Economy

Consumer confidence improves for Q2 and Q3 2021 and the next 12 months

The country’s consumer sentiment continued to improve in Q2 2021 as the overall confidence index (CI) increased to -30.9 percent from -34.7 percent in Q1 2021. The improved CI, albeit…

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Philippines sees stronger economic cooperation with US in post-pandemic recovery

The Philippines expressed confidence that bilateral relations with the United States will go further as the world is beginning to recover from the COVID-19 pandemic, Trade Secretary Ramon M. Lopez…

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The Economy

Bureau of Customs surpasses June target by 11.2%, hits Midyear Collection Target

Despite the effects of the COVID-19 to the overall trading environment and stringent community quarantine since last year, the Bureau of Customs (BOC) collected P52.447 billion in June, surpassing its…

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Philippines assumes historic role as chair of ILO government group

The Philippines makes history in the world labor front as it assumes chairmanship of the International Labor Organization’s government group, the first non-regular member country of the ILO to take…

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Philippines commits to deepen commercial ties with Switzerland, calls for greater utilization of FTA

The Philippines (PH) reaffirmed its commitment to expand two-way trade and investment ties with Switzerland (CH) and deepen cooperation in cleantech and renewable energy, infrastructure, life sciences, and digital healthcare…

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The Economy

More tourism workers in the National Capital Region receive support through DOT-DOLE program

Manila – Displaced tourism workers in the National Capital Region (NCR) received a total of Php 8.6 million in financial assistance under the national government’s pandemic recovery program in a…

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The Philippines and Australia mark 75 years of diplomatic ties, seek to intensify auto-electronics cooperation

Brisbane, Australia — The Philippines (PH) and Australia (AU) reaffirmed their commitment to strengthen bilateral ties and deepen cooperation in untapped multi-sector industries, particularly in the electronics sector, during an…

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The Economy

Exports growth accelerates, up by 72% in April

Allowing 100% operating capacity even during the Enhanced Community Quarantine (ECQ), coupled with the gradual economic recovery of its major trading partners from the COVID-19 pandemic, Philippine exports in April…

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The Economy

DOT launches five-year plan to develop tourism professionals

The development of competent, world-class Filipino tourism professionals through the education system is the core of the Department of Tourism’s (DOT) five-year industry manpower development plan. In a virtual launch,…

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The Economy

Monde Nissin record-breaking IPO shows confidence in PH post-COVID growth

Finance Secretary Carlos Dominguez III said Tuesday, June 1, Monde Nissin’s landmark stock market transaction that has attracted overwhelming demand worldwide is testament to the high confidence of the global…

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DTI-Hong Kong launches Trabaho, Negosyo, Kabuhayan Series on OFBank digital banking

The Philippine Trade and Investment Center – Hong Kong Special Administrative Region (SAR) or PTIC-HK conducted a Trabaho, Negosyo, Kabuhayan (TNK) webinar series entitled “OFBank Digital Banking, Be E-Safe” together…

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The Economy

DOT, DOLE grant Php 156.4 M cash aid to more than 31k displaced tourism workers in CAR

Baguio City — The Department of Tourism (DOT) and the Department of Labor and Employment (DOLE) approved a total of Php 156.4 million in cash aid to 31, 273 tourism…

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The Economy

ADB-backed project to help LGUs boost revenues, build fiscal resilience

Finance Secretary Carlos Dominguez III said Tuesday an Asian Development Bank (ADB)-funded project designed to boost the revenue-raising capacity of local government units (LGUs) will help the Philippines continuously build…

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The Economy

The Philippines improves in Ease of Doing Business world report

Doing business in the Philippines continue to improve, mainly due to the initiatives instituted by the Anti-Red Tape Authority (ARTA). During the agency’s Ease of Doing Business (EODB) Summit, titled…

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The Economy

Philippines showing signs of economic recovery

The Philippines’ strong economic position prior to the pandemic and improving economic data for the past few months point to an economy on the mend, according to the Philippine government’s…

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Philippine Financial System Weathers the Health Crisis in 2020

The Bangko Sentral ng Pilipinas (BSP) released the Report on the Philippine Financial System for the Second Semester of 2020. The enhanced Report highlighted the narrative of the Philippine financial…

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The Economy

Huge turnaround for Philippine exports, 31% increase for March 2021

Supported by the global economic recovery arising from the ongoing Covid-19 vaccinations, Philippine merchandise exports in March 2021 rebounded strongly and jumped by 31.6% compared to the same month…

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LANDBANK onboards 3.8-M unbanked National ID registrants to formal banking system

Philippine exports continue recovery with a robust 29.8% growth in May 2021

DPWH targets substantial completion of Binondo-Intramuros Bridge by December, works on construction of access ramps

Consumer confidence improves for Q2 and Q3 2021 and the next 12 months

Philippines sees stronger economic cooperation with US in post-pandemic recovery

Bureau of Customs surpasses June target by 11.2%, hits Midyear Collection Target

Philippines assumes historic role as chair of ILO government group

Philippines commits to deepen commercial ties with Switzerland, calls for greater utilization of FTA

More tourism workers in the National Capital Region receive support through DOT-DOLE program

The Philippines and Australia mark 75 years of diplomatic ties, seek to intensify auto-electronics cooperation

Exports growth accelerates, up by 72% in April

DOT launches five-year plan to develop tourism professionals

Monde Nissin record-breaking IPO shows confidence in PH post-COVID growth

DTI-Hong Kong launches Trabaho, Negosyo, Kabuhayan Series on OFBank digital banking

DOT, DOLE grant Php 156.4 M cash aid to more than 31k displaced tourism workers in CAR

ADB-backed project to help LGUs boost revenues, build fiscal resilience

The Philippines improves in Ease of Doing Business world report

Philippines showing signs of economic recovery

Philippine Financial System Weathers the Health Crisis in 2020

Huge turnaround for Philippine exports, 31% increase for March 2021

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