Tag: GDP

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T-Bill yields mixed as slew of data loom

Treasury bill yields moved mostly lower at Monday’s auction, as investors braced for a raft of key economic reports that could influence future monetary policy direction.

Philippines sets P6.793T budget for 2026

The Development Budget Coordination Committee (DBCC), chaired by Budget Secretary Amenah F. Pangandaman, has approved a proposed P6.793 trillion national budget for 2026, up 7.4 percent from this year’s Projected 6.326 trillion allocation.

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.

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Lucio Tan Group taps First Gen for over 32 MW of geothermal power on major shift to clean energy 

Diversified conglomerate Lucio Tan Group (LTG) has partnered with leading renewable energy producer First Gen, marking its strategic move to diversify energy sources and reduce dependence on fossil fuels.

AppleOne Medical Group launches specialized heart institute in Davao

Brokenshire Medical Center (BMC) has officially opened the BMC Heart Institute, a complete cardiovascular care facility that marks a major step in AppleOne Medical Group’s (AMG) efforts to improve healthcare across the Visayas and Mindanao (VisMin) regions.

AboitizPower breaks ground on 60-MW Naga project to boost Visayas grid reliability

Aboitiz Power Corporation has officially started construction of its Naga Battery Energy Storage System (BESS), a major facility designed to strengthen power supply stability and meet rising energy demand across the Visayas region.

Court upholds SOCOTECO II rejection of Meralco proposal

A South Cotabato regional trial court has dismissed a petition seeking to overturn the South Cotabato Electric Cooperative II (SOCOTECO II) board's rejection of Manila Electric Co.'s proposed joint venture, ruling that the dispute falls under the jurisdiction of the National Electrification Administration (NEA).

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