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Malacañang welcomes new finance chief, investment adviser to ‘dynamic’ economic team

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President Ferdinand Marcos Jr. on Friday welcomes two new members to his economic team and administers the oath of office of Batangas Rep. Ralph Recto as new finance secretary and businessman Frederick Go as special assistant to the president for investment and economic affairs.

OECD urges Japan’s central bank to gradually raise interest rates

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The Bank of Japan should gradually raise short-term interest rates and make its bond yield control policy more flexible, if inflation stays around its 2 percent target and is accompanied by sustained wage growth, the OECD said on Thursday.

ADB projects below-target 5.7% growth for the Philippines in 2023

Top News Jun Vallecera Jun Vallecera -
The Philippines in 2023 is projected to post growth, measured as the gross domestic product (GDP), averaging lower than the official growth target of 6 to 7 percent to only 5.7 percent, according to the Asian Development Bank.

FDIs flowed inward over 10 months in 2023 but sharply lower to only USD6.5 billion

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Foreign direct investments (FDI), useful both as a measure of and as vehicle for economic advancement, flowed inward on net basis in the first 10 months last year but stood 17.5 percent lower to only USD6.5 billion, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.

Trade deficit widens in November on export drop

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The Philippines’ trade deficit continued to widen in November as export sales drop sharply, negating the impact of flat imports, data from the statistics office showed Wednesday.
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MPower Powers Big Ben Group’s Bulacan facilities in new alliance 

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MPower, the retail electricity supplier of Meralco led by Manuel V. Pangilinan, has officially partnered with Big Ben Group to provide stable, cost‑effective power to the company’s manufacturing facilities in Pulilan, Bulacan.

PLDT Enterprise deploys Starlink for Mindanao quake recovery

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PLDT Enterprise, together with PLDT and Smart, has deployed Starlink satellite connectivity to restore critical communications after the powerful earthquake in parts of Mindanao. Teams were immediately sent to General Santos City and South Cotabato to assess networks and support restoration in coordination with the DICT and local governments. Most facilities remained stable, with disruptions driven mainly by power outages; Starlink was rolled out at key sites including Malungon and Alabel Sarangani Provincial Hospitals, and response command centers. PLDT COO Menardo “Butch” G. Jimenez Jr. noted connectivity lets people reach loved ones and supports rebuilding, while PLDT Enterprise SVP Blums Pineda said the group aims to be first responders for responders to speed recovery. The companies stand ready to support communities through rebuilding.

PNIA, DOF optimistic EO 122 will unlock critical minerals’ full economic potential 

Energy & Mining 0
Stakeholders including the Philippine Nickel Industry Association (PNIA) and the Department of Finance (DOF) have voiced strong optimism over the transformative economic promise of Executive Order (EO) 122, signed by President Ferdinand Marcos Jr. to establish a national framework for critical minerals.

Gov’t shifts to private-led forest carbon push Philippines as DENR builds investible market framework

Environment 0
The Philippines is moving beyond reliance on public funds and grants for forest restoration, laying down clear frameworks to draw sustained private sector investment into nature-based solutions and build a robust, investable forest carbon market.

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