Thursday, 22 January 2026, 11:38 pm

    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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    SP New Energy to rebrand as MGen Renewable Energy Holdings

    SP New Energy Corp. (SPNEC) announced Thursday that its board has approved changing the company’s name to MGen Renewable Energy Holdings Inc., reflecting the integration of its majority owner, Meralco PowerGen Corp. (MGen), into its branding.

    SEC to roll out circulars setting tone for market reforms

    The Securities and Exchange Commission (SEC) announced it will...

    DA secures palay buying commitment ahead of harvests, despite rice imports

    The Department of Agriculture (DA) has secured firm commitments from rice millers and importers to buy local palay at minimum prices, even as imported rice enters the market.

    City of Dreams, Melco Foundation donate P9.9M security equipment to NCRPO

    The Melco Resorts (Philippines) Foundation, together with City of Dreams Manila and Entertainment City Estate Management Inc., turned over P9.9 million worth of security gadgets and equipment to the Philippine National Police–National Capital Region Police Office (PNP-NCRPO) in a ceremonial event held at City of Dreams Manila.

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