Economy

MANILA, June 7, 2023 – Improving the efficiency of social protection in the Philippines remains essential to protect the poor and most vulnerable from economic shocks as the country grapples with global uncertainties and domestic risks including high inflation, according to the Philippines Economic Update (PEU) released today by the World Bank. Bucking global trends, strong domestic demand … Read more

State-owned Development Bank of the Philippines (DBP) seeks to boost the National Government’s efforts to support the local aquaculture industry through its latest partnership with the local subsidiary of a leading agro-industrial and food conglomerate, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the bank’s partnership with Charoen … Read more

(By ALEX WHITING, EU Horizon) — Olive oil is a multibillion-euro global business and Manuel Román is determined to create an even bigger market from the sacred ancient fruit. Román is co-founder of ISANATUR, a Spanish company that has built a refinery able to turn every part of an olive into a commercial product of … Read more

The Department of Trade and Industry (DTI), through the Fair Trade Enforcement Bureau (FTEB), bans the sale of uncertified household appliances, lighting devices, and ceramic products worth P482,121.15 during the ramped up enforcement operation in Quezon City, 12 January 2023.  Consumer Protection Group (CPG) Undersecretary Atty. Ruth B. Castelo and FTEB OIC Assistant Director Atty. … Read more

Summarize this content to 100 words Last modified on October 17, 2018 October 17, 2018 MANILA – Programs on human capital development, specifically Early Childhood Development, are important to address poverty in the country, the National Economic and Development Authority (NEDA) said “A human being’s development starts at pregnancy when the mother starts to care … Read more

President Ferdinand R. Marcos Jr. said Saturday the establishment of a new Philippine Overseas Labor Office (POLO) in Thailand would help in the promotion and protection of the rights and welfare of Filipinos in the Kingdom. President Marcos made this remark after Deparment of Migrant Workers (DMW) Secretary Susan “Toots” Ople bared in an event … Read more

A global recession is defined as two consecutive quarters of negative economic growth. While this may seem like something that would only happen in developing countries, the truth is that a global recession can have far-reaching effects. In recent years, we have seen a number of signs that a global recession is on the horizon. … Read more

In the Philippines – Country Climate and Development Report 2022 just published by the World Bank, it suggests the climate shocks will hamper the Philippines’ economic activities, damage infrastructure, and induce deep social disruptions if adaptation measures are not employed. The Philippines Country Climate and Development Report (CCDR) comprehensively analyzes how climate change will affect … Read more