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INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near…
MANILA —The Philippines experienced its smallest trade deficit in December 2023 in four months, as exports saw a slight decrease and imports turned negative. The country’s trade balance shifted to a $4.01 billion deficit, marking an 11…
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to continue its tight monetary policy for an extended period, according to GlobalSource Partners. The think tank suggests that the economy has not yet fully absorbed…
Finance Secretary Ralph Recto, newly in his Cabinet role, aims to generate P4.3 trillion in revenue this year. The focus is on enhancing social services, generating jobs, and sustaining economic recovery despite the ongoing pandemic impact. The…
MANILA, Philippines — Analysts from First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) predict that despite revenge spending boosting the economy, growth is unlikely to reach the lower end of the Marcos…
The country saw a 6.6 percent increase in live births in 2022 compared to 2021, rising from 1.36 million to 1.46 million. On average, 3,987 babies were born daily, equivalent to 166 babies per hour or three…
MANILA — In December, inflation decreased for the third consecutive month, despite the typical increase in demand during the holiday season. This was attributed to slower rises in utility expenses and the prices of certain essential food…
MANILA, Philippines — The government’s debt reached a new record high of P14.51 trillion in November 2023, increasing by P27.92 billion from the previous month. This rise was influenced by higher borrowing costs and increased inflation, leading…
MANILA, Philippines — The Bureau of Internal Revenue (BIR) is considering filing tax evasion cases against social media influencers who have ignored notices to voluntarily comply with tax laws. The BIR earlier said it was relying…
MANILA—The Philippine economy grew 5.9 percent year-on-year in the third quarter, faster than the 4.3-percent expansion recorded in the second quarter and exceeding market expectations, the Philippine Statistics Authority reported Thursday, November 9, 2023. This brought to…
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