Finance chief Recto unveils ambitious target: P4.3T revenue this year

Ian Nicolas P. Cigaral 01/13/2024

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…

GDP seen to grow below gov’t target in 2024 despite revenge spending boost

Ian Nicolas P. Cigaral 01/12/2024

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…

2022 sees 1.46 million live births, up 6.6% — PSA

Ian Nicolas P. Cigaral 01/06/2024

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…

PH December inflation eases to 3.9%

Ian Nicolas P. Cigaral 01/05/2024

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…

Gov’t debt soars to unprecedented P14.51T as borrowing costs, inflation rise

Ian Nicolas P. Cigaral 01/04/2024

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…

Influencers told to pay taxes or face charges

Ian Nicolas P. Cigaral 12/01/2023

  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…

Philippine economy: Up 5.9% in Q3

Ian Nicolas P. Cigaral 11/09/2023

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…

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.