House panel OKs P568-B economic stimulus package

Neil Arwin Mercado 05/26/2020

MANILA, Philippines — To cushion the effects of the coronavirus disease 2019 (COVID-19) pandemic, the House of Representatives’ Defeat COVID-19 Committee (DCC) on Tuesday approved a P568 billion economic stimulus package for 2020 which includes a budget…

Chile protests resume, demonstrations crimp economic growth

11/05/2019

SANTIAGO, Chile (AP) — Thousands of Chileans took to the streets again Monday to demand better social services, some clashing with police, as protesters demanded an end to economic inequality even as the government announced that weeks…

BSP survey: PH business, consumer confidence plunge due to economic woes

Inquirer.net 12/06/2018

DESPITE the onset of the holiday season, the confidence of Philippine businesses and local consumers are at their lowest levels in almost eight years — with the bearish sentiment expected to persist into early 2019 — no…

Michael Yang is Duterte’s economic adviser – Palace

Inquirer.net 11/06/2018

MALACAÑANG on Tuesday confirmed that Chinese businessman Michael Yang is one of President Rodrigo Duterte’s advisers. “Michael Yang is just one of those advisers that the President consults on particular matters,” Presidential Spokesperson Salvador Panelo said in…

Weathering the economic storm

10/10/2018

The worsening inflation as reflected in the increase in fuel prices and prices of basic commodities had not only hogged the headlines but also preoccupied the minds of Filipinos across the country. Anyone with a basic or…

The Cebu-led Central Visayas economic performance

Fernando Fajardo 08/02/2018

With almost 70 percent of the Central Visayas Gross Domestic Product (GDP) coming from Cebu, it is safe to say that the region’s economic growth is Cebu-led. Last year, the Central Visayas GDP increased in real terms…

Cebu GDP and economic structure

Fernando Fajardo 07/12/2018

The gross domestic product or GDP measures the total value of all the final output of goods and services produced in the country at current prices or at constant base year prices. Final product means that intermediate…

US, China economic trade war starts

AFP 07/06/2018

The US and China on Friday launched tit-for-tat tariffs on each other’s imports, the opening shots in what Beijing called “the largest trade war in economic history” between the world’s top two economies. At the stroke of…

Economic managers: Inflation likely to hit 4.5% this year

Inquirer.net 07/02/2018

Economic managers on Monday conceded that inflation would likely breach the 2-4 percent target for 2018 as they adopted the Bangko Sentral ng Pilipinas’ (BSP) forecast of 4-4.5 percent for the entire year even though they expect…

Group mocks Neda economic managers, stages ‘tambay boodle’

Inquirer.net 06/22/2018

Pro-women’s group Gabriela staged a “tambay boodle lunch” in front of the National Economic Development Authority (Neda) office in Pasig City on Friday to protest against the economic managers’ alleged efforts to downplay the effects of inflation…

Is our economic system inclusive, equitable?

Fernando Fajardo 05/17/2018

Our economy is a mixed economic system. Here, both government and the private sector participate in the provision of what we need or want. When there is profit, business go in the production of goods and services…

Philippine 2017 economic performance and where we are now

Fernando Fajardo 01/25/2018

Our Gross Domestic Product (GDP) posted a 6.6 percent growth in the fourth quarter of 2017. With the GDP growing by 6.4 percent in the first quarter, 6.7 percent in the second quarter and the adjusted 7.0…

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