Top News
1Q growth likely accelerated even as government debt acts as growth impediment
Output growth averaging only 5.5 percent in the December quarter last year was seen accelerated to 5.8 percent in the quarter ended March this year, according to analysts at Moody's Analytics
DOE awards 65,000 MW worth of wind contracts to 92 proponents
The government has awarded 92 offshore wind (OSW) contracts with potential capacity of 65,049 megawatts (MW) as of 25 March this year, the Department of Energy (DOE) said.
National government debt rise at the end of March to P14.93 trillion
The National Government added in the first three months of this year a total P309.45 billion to its outstanding debt, pushing the total to P14.93 billion, up 2.1 percent from December and 7.2 percent from the end of March 2023.
Agricultural loans widen in the year Pres. Marcos Jr. sits as concurrent agri chief – survey
Agricultural loans and services as percent of the banks' loan portfolio in 2022 widened to 18.1 percent from only 17.6 percent in 2021, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Palay output lower than initially estimated—PSA data
Palay production in the first quarter was down 1.97 percent to 4.69 million metric tons, the latest estimate of the Philippine Statistics Authority showed.
