Top News
GEM destinations served notice to address environmental issues or face rehab
At the meeting convened only last week, the DENR sought the participation of local chief executives from the five GEM sites to highlight the urgency of the matter. The five GEMS include the prime tourist destinations of El Nido and Coron in Palawan; Panglao in Bohol; Puerto Galera in Oriental Mindoro; and Siargao Island in Surigao del Norte.
World Bank sees faster PH growth this year
The World Bank projects local output growth in the Philippines accelerating by 5.8 percent this year and next, up from an estimated growth of 5.6 percent in 2023.
Malacañang welcomes new finance chief, investment adviser to ‘dynamic’ economic team
President Ferdinand Marcos Jr. on Friday welcomes two new members to his economic team and administers the oath of office of Batangas Rep. Ralph Recto as new finance secretary and businessman Frederick Go as special assistant to the president for investment and economic affairs.
OECD urges Japan’s central bank to gradually raise interest rates
The Bank of Japan should gradually raise short-term interest rates and make its bond yield control policy more flexible, if inflation stays around its 2 percent target and is accompanied by sustained wage growth, the OECD said on Thursday.
ADB projects below-target 5.7% growth for the Philippines in 2023
The Philippines in 2023 is projected to post growth, measured as the gross domestic product (GDP), averaging lower than the official growth target of 6 to 7 percent to only 5.7 percent, according to the Asian Development Bank.
