Philippines on track for ‘full recovery’ from recession in 2020, central bank governor says. Analysts warn of headwinds from the Russia-Ukraine war and potential US economic slowdown. Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said countries...
ADB: To assist the Philippines recover from the pandemic, the country will need to implement substantial tax reforms. Tax yields in the region average at 17.6% of gross domestic product (GDP), significantly below the regional average of 24.9 percent. According to the...
MORE INVESTMENTS are expected to enter the country after the May election as investors await the new administration, according to the top Philippine Economic Zone Authority (PEZA) official. The Philippines is holding its national elections on May 9. Investors...
The government’s program to further improve infrastructure across the country, along with people’s preference for less crowded spaces vis-à-vis the pandemic, are expected to continue to fuel demand for housing units outside of Metro Manila. prices of lots in Laguna,...
Growth of digital payments post-pandemic is expected to remain strong as more people realize the convenience it brings as well as the introduction of more innovative services.Visa Country Manager for the Philippines and Guam Dan Wolbert said importance of cashless...
According to NEDA, The vaccination rate in an area is among the factors being looked into vis-à-vis the plan to elevate to Alert Level 1 all parts of the Philippines. During a virtual briefing in the Malacanang, Undersecretary Rosemarie Edillon said raising to Alert...
