May 23, 2025

Tag: economy

  • Philippines to Launch Global Investment Roadshows After CREATE MORE IRR Signing

    Following the recent signing of the implementing rules and regulations (IRR) for the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE), the Philippine government is set to embark on a series of international investment roadshows. Frederick Go, the Special Assistant to the President for Investment and Economic…

    Written by

    Oliver DelaCruz

  • Philippine Treasury Completes Full Allocation of T-bills Amid High Demand

    In Manila, the Bureau of the Treasury (BTr) successfully allocated the entire amount of Treasury bills (T-bills) offered during Monday’s auction. The T-bills, spanning 91, 182, and 364 days, were sold at average rates of 5.318%, 5.662%, and 5.780% respectively. These rates were slightly above the PHP Bloomberg Valuation Service yields, which stood at 5.158%…

    Written by

    Brian Corpuz

  • Inflation in Western Visayas Climbs to 3.6% in January 2025, Outpaces National Average

    Inflation in Western Visayas surged to 3.6% in January 2025, marking an increase from December’s 3.4% and exceeding the national average of 2.9%. This rise positions Western Visayas as having the third highest inflation rate among regions outside the National Capital Region. The update was shared by Miguel Gallego, a Statistical Specialist from the Philippine…

    Written by

    Eliza Pascual

  • Inflation in Western Visayas Jumps to 3.6% in January 2025, Outpaces National Average

    Inflation in Western Visayas escalated to 3.6% in January 2025, a rise from the 3.4% recorded in December, positioning the region as having the third highest inflation rate outside the National Capital Region. This figure also exceeds the national average of 2.9%. The update was shared by Miguel Gallego, a Statistical Specialist from the Philippine…

    Written by

    Benigno Delos Santos

  • Philippine Government Escalates Battle Against Counterfeit Trade, Seizes P41 Billion in Fake Goods

    In a robust effort to curb the spread of counterfeit products, the National Committee on Intellectual Property Rights (NCIPR) in Manila has ramped up its operations, resulting in the seizure of fake goods valued at PHP40.99 billion in 2024. The Intellectual Property Office of the Philippines (IPOPHL) announced that this figure represents a significant increase…

    Written by

    Eduardo Mendoza

  • President Marcos Jr. Clarifies No Executive Role in VP Duterte’s Impeachment

    In a recent statement, President Ferdinand R. Marcos Jr. made it clear that the executive branch is not involved in the impeachment proceedings against Vice President Sara Duterte. Speaking at a press briefing in Malacañang, Marcos emphasized, ‘The executive cannot have a hand in the impeachment. The executive has no role in the impeachment.’ He…

    Written by

    Sasha Roxas-Meehan

  • Philippines Achieves Lowest Unemployment Rate Since 2005 in 2024

    In a significant milestone for the Philippine economy, the unemployment rate dropped to a historic low of 3.8% in 2024, the best figure since 2005, according to the Philippine Statistics Authority (PSA). This achievement was highlighted during the ‘Trabaho sa Bagong Pilipinas’ job fair held at the Rizal Memorial Sports Complex in Manila on January…

    Written by

    Gwendolyn DeGuzman

  • Government Interventions Successfully Stabilize Rice Prices, Inflation Expected to Decline Further

    In a significant development for the Philippines, the Department of Agriculture (DA) has reported a successful stabilization of rice prices, attributing the achievement to various government interventions led by President Ferdinand R. Marcos Jr. The DA’s optimism stems from a recent -2.3 percent deflation in rice prices in January, a sharp decline from the 0.08…

    Written by

    Rowena Aquino

  • Philippine Statistics Authority Plans to Update Inflation and GDP Base Year to 2023

    The Philippine Statistics Authority (PSA) is set to revise the base year for calculating the consumer price index (CPI) and gross domestic product (GDP) from 2018 to 2023, according to National Statistician Dennis Mapa. This announcement was made during a briefing at the PSA’s office in Quezon City. The change is expected to be implemented…

    Written by

    Crispin Buenavista

  • Philippine National Debt Sees Slight Decline in December

    In Manila, the national government’s total outstanding debt decreased marginally to PHP16.05 trillion in December, marking a 0.24 percent drop from PHP16.09 trillion the previous month. The Bureau of the Treasury (BTr) reported that this figure aligns well with the projected PHP16.06 trillion outlined in the 2025 Budget of Expenditures and Sources Financing. According to…

    Written by

    Miko Alvarez