Middle East conflict to drive up food, gas prices–World Bank
IF the conflict in the Middle East escalates, the World Bank expects natural gas, fertilizers, and food to become even more expensive than they are today.
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IF the conflict in the Middle East escalates, the World Bank expects natural gas, fertilizers, and food to become even more expensive than they are today.
DIGITAL transactions including electronic commerce and online content contributed nearly a tenth of the country’s GDP in 2023, according to the Philippine Statistics Authority (PSA).
IMPORTS remain necessary as local production is still unable to meet demand for key commodities like rice and pork, according to the National Economic and Development Authority (Neda).
FILIPINO families living in Metro Manila believe they need to earn P25,000 to keep them from being considered poor, according to the latest survey results of the Social Weather Station (SWS).
THE Bureau of Customs (BOC) seized P29.5 million worth of dried marijuana or kush in a shipment from Thailand at the Manila International Container Port (MICP).
THE country’s economic growth will likely disappoint given the El Niño phenomenon and rising inflation, according to analysts of the US-based Global Source Partners think tank.
IF the Philippines intends to maximize the revenue potential from digital economy, it must join regional or multilateral agreements that are formed to better tax big tech, according to a study commissioned by the national government’s think tank.
The decision of the Court of Appeals (CA) to halt the commercial release of genetically modified (GM) crops could adversely affect the country’s efforts to fight malnutrition, according to a member of the Monetary Board (MB).
HIGHER-FOR-LONGER interest rates and current geopolitical risks that threaten to cause a spike in oil and food prices are not enough reasons for the national government to give up on its growth targets this year, according to the country’s chief economist.
ASIAN countries like the Philippines are warming faster than the global average, according to a new report from the World Meteorological Organization (WMO).
A MARINE park off the coast of Coron Island in Palawan was recently awarded the silver-level Blue Park Award for exceptional marine biodiversity conservation by the Seattle-based Marine Conservation Institute.
Local digital banks received $700 million worth of investments from investors as the financial institutions continued to grow the number of their depositors, according to the Digital Bank Association of the Philippines (DiBA PH).
HIGH oil prices may prompt the Bangko Sentral ng Pilipinas (BSP) to further delay any rate cuts, according to Standard & Poors (S&P) Global Ratings.
THE country’s debt service payments more than doubled in January 2024, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP).
THE government is preparing new measures to combat the steep rise in commodity prices, according to the National Economic and Development Authority (Neda).
THE National Economic and Development Authority (Neda) is open to extending the Rice Competitiveness Enhancement Fund (RCEF) and using it for other sectors apart from rice.
THE National Innovation Council (NIC) aims to double the grants extended by the Innovation Fund next year, according to the National Economic and Development Authority (Neda).
COINS collected through Coin Deposit Machines (CoDMs) increased to P648.9 million as of last week, according to the Bangko Sentral ng Pilipinas (BSP).
THE Rizal Commercial Banking Corp. (RCBC) aims to post a double-digit growth of its loan portfolio this year on the back of innovative programs and new products.
RAISING wages in the Philippines should have been done “yesterday” to allow worker’s benefits to catch up with the net profits of businesses they work for, according to a former chief of the National Economic and Development Authority (Neda).
DESPITE the decline in the number of construction projects nationwide, the peso value of these projects soared in February 2024, according to the Philippine Statistics Authority (PSA).
DESPITE evidence that Information Communication Technology (ICT) and electronic-government (IEG) development has ushered financial inclusion, the impact could just as easily head south if inequality persists.
The country’s balance of payments (BOP) surplus posted a 14-month high in March 2024, according to the Bangko Sentral ng Pilipinas (BSP).
GEOPOLITICAL risks would make it more difficult for oil-dependent countries like the Philippines to tame inflation, which could accelerate to double digits if oil prices jump to unprecedented levels, according to local economists.
THE Philippines is offering a safe haven for investors amid global headwinds as it continues to undertake reforms to make the country an investment destination for foreign businesses, according to the National Economic and Development Authority (Neda).
THE Philippine government’s decision to impose a moratorium on greenfield coal plants may have cut financing for coal projects but it was not enough to raise funding for renewables, according to the Center for Energy, Ecology, and Development (CEED).
THE Bangko Sentral ng Pilipinas (BSP) remains undaunted by the recent depreciation of the peso as well as the rise in oil prices due to geopolitical tensions in the Middle East.
THE Philippines is on track to become a trillion-dollar economy by 2033 as it is seen to be well-positioned for an investment-led boom, according to BMI, a Fitch Solutions Company.
FILIPINOS could soon have more Islamic banking options as two banks are already in advanced stages of discussions to secure their Islamic banking licenses, according to the Bangko Sentral ng Pilipinas (BSP).
WHILE the Philippine economy is expected to post faster growth this year, the jobless rate is also expected to increase in 2024 and 2025, according to the International Monetary Fund (IMF).
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