Tag: GDP

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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).

Q3 2022 GDP growth maintained at 7.6%

The government has retained the projected local output growth measured as the gross domestic product (GDP) at 7.6 percent in the third quarter of 2022, according to National Statistician Dennis Mapa.

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Meralco backs transparent bidding for partnerships with electric cooperatives

The Manila Electric Co. (Meralco) said it supports using a competitive selection process, or public bidding, when choosing private sector partners for electric cooperatives (ECs).

DA eyes P50/kg price cap on imported rice by end-April

The Department of Agriculture (DA) said a price cap on imported rice may be in place by the end of April.

Power prices in spot market rise 23% in March — IEMOP

Electricity prices in the country’s spot market increased sharply in March, driven by tighter supply and higher demand, according to the Independent Electricity Market Operator of the Philippines (IEMOP).

DTI pivots to EV incentives amid fuel risks

The Department of Trade and Industry (DTI) has dropped...

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