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.
The Philippine Exporters Confederation Inc. (Philexport) is urging businesses to strengthen contingency plans for water shortages, rising energy costs and supply disruptions as strong El Niño conditions are expected to persist into early 2027.
VinFast Philippines is targeting more than 8,000 vehicle sales this year as shorter delivery waiting times signal an easing order backlog, supported by continued shipments and demand for its entry-level electric vehicle.
Two US Open junior champions met at the Toray Pan Pacific Open, but there was little suspense about who had the better grasp of life on the senior circuit. Alexandra Eala, the Philippines’ increasingly assured star, swept past Britain’s Mika Stojsavljevic 6-1, 6-2 in 75 minutes, proving that experience can be every bit as potent as a thunderous forehand.
Prime Infrastructure Capital Inc. (Prime Infra) and the Climate Change Commission (CCC) have formalized a partnership to accelerate climate action across the Philippines. Announced Monday, the agreement brings together the government’s policy leadership and the private sector’s project expertise to build stronger climate resilience, protect ecosystems, and boost local capabilities.