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By Tracy Cabrera EXERCISING strict prudence and sustainability, the Duterte administration is showing a strong economic outlook due to increased government spending that has helped economic activity in the country, budget secretary Benjamin Diokno emphasized at the Philippine Economic Briefing (PEB) held Tuesday, September 18, 2019, at the Banko Sentral ng Pilipinas in Manila.

By Tracy Cabrera                                                     CHINESE firm are expected to bring big business opportunities to the country with their entry in the proposed 500-hectare industrial park to be set up in New Clark City in Pampanga, according …

By Tracy Cabrera A soft opening is scheduled for the reopening of the tiny island of Boracay in October.

The Economic Development Cluster (EDC) of the Duterte Cabinet expects “moderate” inflation in the months ahead following the implementation of a slew of measures to help tame the rise in commodity prices, which include streamlining import procedures for rice, fish and sugar to boost their supply in the domestic market.

Government spending reached its peak so far for the year at P328.1 billion in July 2018, representing an increase of P83.0 billion, or 34%, from the same period last year. The spectacular rise in spending was due to infrastructure and other capital outlays as well as subsidies to government corporations. For the first seven months of the year, disbursements have …

By Jinky Jorgio Public Works Secretary Mark Villar said the Philippines will be a completely different country from today as far as infrastructure is concerned.

A committed effort from agencies in the agriculture sector to boost output and introduce policy reform is needed to bring down prices of agricultural products, the National Economic and Development Authority said.

Department of Trade and Industry (DTI) Secretary Ramon Lopez on Friday assured there will be no delay in the release of the implementing rules and regulations (IRR) of Republic Act No. 11032 or the Ease of Doing Business (EODB) and Efficient Government Service Delivery Act of 2018.

The Department of Finance (DOF) has asked the National Food Authority (NFA) to immediately explain why it had procured palay stocks way below its projected buffer requirement in the second half of 2017 and revised its buying mix to heavily favor imports over rice from local farmers during the same period, despite ample funds at its disposal and a standby …

The Philippines has submitted to the new aid agency of the People’s Republic of China an indicative list of 12 big-ticket infrastructure projects that will undergo feasibility studies with possible Chinese grant financing, according to Finance Secretary Carlos Dominguez III.