Thursday, 22 January 2026, 10:13 am

    Tag: GDP

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    Tourism fuels economy, creates jobs in 2024

    The Philippine tourism industry continued its strong post-pandemic recovery in 2024, contributing 8.9 percent to the country’s gross domestic product (GDP) and supporting nearly 7 million jobs, according to the Philippine Statistics Authority (PSA).

    Philippine economy expands 5.4% in 1Q amid global uncertainty 

    The Philippine economy grew by 5.4 percent in the first quarter of 2025, according to the Philippine Statistics Authority—a modest yet steady performance amid ongoing global uncertainty.

    ADB forecasts strong Philippine growth, ‘Blue Economy” opportunities

    The Asian Development Bank (ADB) has forecast that the Philippine economy will grow at a robust pace of 6.0 percent in 2025 and 6.1 percent in 2026, driven by strengthened domestic demand and sustained public investment. This growth follows a 5.6 percent expansion in 2024.

    PSA revises GDP growth for 2024

    The Philippine Statistics Authority (PSA) has revised estimates for the country’s economic performance, covering both 2023 and 2024, with updates on quarterly and annual figures by industry and expenditure. 

    Emerging markets output growth looking sanguine

    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).

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    SBMA near P600B investment milestone

    The Subic Bay Metropolitan Authority (SBMA) is closing in on a major milestone, having generated nearly P593 billion in total investments from its establishment in 1992 through 2025, underscoring its role as a key engine of national development.

    Raslag plans up to P3 billion capex in 2026 as it accelerates renewable energy expansion

    Listed renewable energy developer Raslag Corp. plans to spend between P2 billion and P3 billion in capital expenditures this year, a sharp increase from only around P500 million last year, as it moves from project preparation to actual construction and equipment procurement.

    SRA sets rules for planned 100,000-MT raw sugar exports to US

    The Sugar Regulatory Administration (SRA) has issued new guidelines governing the planned export of up to 100,000 metric tons (MT) of raw sugar to the United States for crop year 2025–2026, outlining who may participate and stressing that the program can be stopped at any time if conditions change.

    SMX Cebu set to transform MICE

    A P3.3-billion SMX Convention Center, billed as the largest in the Philippines, will rise in Cebu by the third quarter of 2026, cementing the city’s position as a premier hub for meetings, incentives, conferences, and exhibitions (MICE).

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