Inflation, or the rate of change in prices, slowed to only 3.9 percent in December from 4.1 percent the previous November, according to the Philippine Statistics Authority.
"A shoutout to all you wonderful humans out there. Domo arigato to our GoTyme Bank colleagues for reaching 2 million customers and 10 billion pesos in deposits in 14 months!" the executive at one of the country's largest conglomerates said in his social media account, LinkedIn.
The country’s creditworthiness as measured by its net external liability position deteriorated some more in the quarter ending September 2023 to USD50 billion from USD49.6 billion three months earlier, the Bangko Sentral ng Pilipinas (BSP) said.
The budget deficit projected this year to equal 6.1 percent of local output measured as the gross domestic product (GDP) is seen steadily diminishing over five years when it rounds the period to only 3 percent of GDP, the Development Budget Coordination Committee (DBCC) said.
Teresita Sy Coson, BDO chairperson, late on Wednesday said the Philippines should do well as a country next year even though it faces a number of challenges.
The Inter-Agency Energy Efficiency and Conservation Committee has ordered all government offices to purchase only energy-consuming products (ECPs) that meet the Department of Energy’s (DOE) minimum efficiency standards. This move aims to promote energy savings and reduce public spending.
The Philippine Fiber Industry Development Authority (PhilFIDA) is set to use the Philippine Coconut Authority’s (PCA) daily price monitoring system to track abaca prices more effectively.
Stakeholders in the Philippine coffee sector are urging the government to develop an updated roadmap to boost local coffee production, highlighting the country’s heavy reliance on imports.
The Department of Environment and Natural Resources (DENR) announced plans to offer at least 50 mining assets with expired or cancelled contracts for competitive bidding, starting as early as next month.