Manila, Philippines — Strong consumption upholds the Philippine economy. Philippine Gross domestic product grew to 5.6% in 2023 regardless of inflation stresses, driven by the proceeded post-pandemic recovery in discretionary spending which leaped to 10.8%. The full...
The NAIA PPP project has been in the works for three decades, spanning six administrations. It has finally turned into a reality under the Marcos, Jr. administration,” Secretary Recto said. Manila, Philippines — Finance Secretary Ralph G. Recto has invited the Manila...
Manila, Philippines — Finance Secretary Ralph G. Recto highlighted the crucial duty of the Bureau of Customs (BOC) in providing finance for President Ferdinand R. Marcos, Jr’s socioeconomic plans and driving the general advancement of the country. “The BOC is...
Manila, Philippines – The Philippine government is actively exploring the use of hydrogen for power generation, prompted by a circular from the Department of Energy (DOE) that underscores the importance of promoting interest in this particular form of energy...
In 2023, the Philippines demonstrated robust economic performance, achieving a noteworthy full-year gross domestic product (GDP) growth rate of 5.6 percent. This surpassed the growth rates of key Asian economies, including China (5.2 percent), Vietnam (5.0 percent),...
Notwithstanding a difficult economic and monetary climate in 2023 troubled by continuous international strains, the burden of trade limitations, and paramount climates, the Philippine economy has performed well in high domestic product costs, especially for fuel and...
