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Construction activity picks up in March
The Philippines saw a modest rise in construction activity in March 2025, as approved building permits reached 14,973, up 3.4 percent from 14,477 in the same month last year, according to the Philippine Statistics Authority.
BSP eyes further rate cuts on positive inflation outlook
The Bangko Sentral ng Pilipinas (BSP) is considering further interest rate cuts as inflation in the Philippines remains within the target range, signaling a potential shift to a more accommodative monetary policy to bolster investment and economic growth.
Marcos Jr. retains economic team, signals stability and growth
Finance Secretary Ralph G. Recto will remain at the helm of the Department of Finance after President Ferdinand R. Marcos Jr. rejected his courtesy resignation, signaling continued confidence in Recto’s leadership and commitment to fiscal stability and economic growth.
Gov’t taps CSOs to sharpen budget strategy
The economic managers have engaged civil society organizations (CSOs) to help refine the interagency Development Budget Coordination Committee (DBCC) process. This has reference to that unit setting the government's macroeconomic assumptions, fiscal targets, budget ceilings, revenue projections, and borrowing ceiling and convened in keeping with President Ferdinand R. Marcos Jr.'s push for greater transparency, inclusivity, and stakeholder participation in national budgeting.
Agri chief submits courtesy resignation, cites support for Cabinet revamp
Agriculture Secretary Francisco P. Tiu Laurel Jr. confirmed on Thursday that he has submitted his courtesy resignation in response to President Ferdinand Marcos Jr. 's directive for a Cabinet revamp, following the outcome of the recent midterm elections.
