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Digital economy posts high single-digit growth in 2023
The digital economy grew 7.7 percent larger in 2023 to P2.05 trillion from only P1.90 trillion the year before, Philippine Statistics Authority (PSA) said on Thursday.
Higher-for-longer interest rates seen hurting Manila output growth expansion this year
The country' local output expansion, measured as the gross domestic product (GDP), is forecast to accelerate to 5.9 percent this year from last year's 5.6 percent, the sovereign credit watcher Standard and Poor's said in commentaries published at its website.
DA pursuing port development programs costing P30 billion
The Department of Agriculture has pursued a four-year development plan converting over a dozen ill-equipped seaports across the islands into agri-logistics hubs at the cost of P30.1 billion.
Building permits decline in February but projects size, value higher
The number of building permits issued in Feburary declined from the year-earlier period but the size of the real estate developments and their total value surged, data from the Philippine Statistics Authority showed, suggesting strong growth for the construction and property sectors in the months ahead.
Court recall of expropriation order endangers 500-kV NGCP transmission line
The National Grid Corporation of the Philippines (NGCP) has appealed for the government to intervene and help clear the impediment thrown at its 500-kiloVolt transmission project in Cavite that risks the delivery of electricity not only in Luzon and Metro Manila but even beyond.
