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DBCC downgrades growth target for 2024, 2025; inflation, FX targets stay
The Development Budget Coordination Committee lowered the country's growth or gross domestic product (GDP) to a target ranging this year from 6 percent to 7 percent range from the previous 6.5 percent to 7.5 percent while that for 2025 was narrowed to 6.5 percent from 7.5 percent from 6.5 percent from 8.0 percent.
PSA downgrades 2023 GDP to 5.5% on lower services, import numbers
The Philippine Statistics Authority on Thursday downgraded the growth estimate for 2023 to 5.5 percent from 5.6 percent.
Visitor arrivals up 18% in 1Q on influx of South Korean tourists
Overseas Filipino workers, who are included in the data sourced by the DOT from eTravel, accounted for 5.7 percent of arrivals, or a total 94,265, lower by 16 percent from the same period last year.
Tiu-Laurel appalled by industrial fish catch for factories diverted instead into wet markets
Imported fish species destined for processing on an industrial scale but found instead to have been sold in wet markets across the country has prompted the Department of Agriculture to suspend the issuance of import clearance.
NG budget swings to P164.7B deficit in Feb after posting surplus in Jan
The National Government stepped up spending in February, negating revenue gains during the month to post a wider budget deficit of P164.7 billion, erasing a surplus posted in January.
