Inflation, or the rate of change in prices, slowed to only 3.9 percent in December from 4.1 percent the previous November, according to the Philippine Statistics Authority.
Heavyweight advocates and thought leaders at the Foundation for Economic Freedom (FEF) called on government on Thursday to lift decades-old Constitutional prohibitions they assert serve only as binding constraints to the economic growth and development of the country.
The outstanding debt of the national government in November stood at P14.51 trillion, up P27.92 billion from the level in October due mainly to the net issuance of treasury debt papers in the domestic capital market for budget support.
The Philippines surpassed its international visitor arrivals in 2023, recording 5.45 million foreign tourists that contributed an estimated P482.54 billion to the economy, Tourism Secretary Christina Garcia Frasco said.
The Philippines is hopeful of being taken off the money laundering 'grey list' of the Financial Action Task Force (FATF) of this year, the country's Anti-Money Laundering Council said on Tuesday.
Inflation in the Philippines likely increased in March, driven mainly by rising global energy prices linked to tensions in the Middle East, according to Moody’s Analytics.
The Department of Trade and Industry on Monday launched a P4-billion MSME Business Fund to help small enterprises weather global uncertainties, including the ongoing Middle East crisis.
CIMB Bank Philippines has introduced CIMB Prime, a new premium banking segment offering higher interest rates, reduced fees, and priority customer service for qualified clients.