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Digital economy posts high single-digit growth in 2023

Top News Context.ph Context.ph -
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

Banking & Insurance Jun Vallecera Jun Vallecera -
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

Agriculture Context.ph Context.ph -
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

Property Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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.
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SC dismisses VP Duterte impeachment petitions as moot

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The Supreme Court on Wednesday dismissed the consolidated petitions filed by Vice President Sara Duterte and lawyer Israelito Torreon questioning the House of Representatives' handling of the impeachment complaints, ruling that the cases had become moot after the Articles of Impeachment were transmitted to the Senate. 

PH1 World tops off first expanded 4PH housing tower

Property 0
PH1 World Developers has completed the first major construction milestone for its flagship project under the government's Expanded Pambansang Pabahay Para sa Pilipino (4PH) Program, signaling accelerating private sector participation in efforts to narrow the country's housing backlog.

Toyota nears 3M sales as manufacturing fuels Philippine growth

Transport & Logistics 0
Toyota Motor Philippines (TMP) is poised to surpass three million cumulative vehicle sales later this year, a milestone that highlights how nearly four decades of local manufacturing and sustained investments have helped cement its position as a key driver of jobs, industrial development, and the country's automotive sector.

European Union returns for third time to Philippine Space Week 2026

Education, Health & Science 0
The European Union (EU) is taking part in the Philippine Space Week for the third consecutive year, with the 2026 edition set to run from 8 to 14 August under the theme “Navigating Tomorrow”. The EU and the Philippines maintain a strong partnership through the Global Gateway initiative, with a key focus on applying knowledge and technology from Copernicus, the Earth Observation arm of the EU’s space programme. The partnership has already established the first Copernicus Data Centre in Southeast Asia in the Philippines, which is now growing into a regional hub.

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