Emerging markets and developing economies like the Philippines were to collectively post output growth measured as the gross domestic product (GDP) averaging 4 percent this year, but higher next year to 4.2 percent, according to the International Monetary Fund (IMF).
The national government’s total debt grew by 14.4 percent to P13.42 trillion last year from P11.73 trillion in 2021, data released by the Bureau of the Treasury (BTr) showed.
The International Finance Corp. (IFC), the private investment arm of the World Bank, has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific.
Conglomerate DMCI Holdings Inc. and its unit Semirara Mining and Power Corp., plus two other listed firms form part of the 2023 Bloomberg Gender-Equality Index (GEI) for the third year in a series.
The government has allotted more than P151 billion to sustain the major social protection service programs of the Department of Social Welfare and Development (DSWD).