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News and Events

(Look) Amid Rising Inflation, Guess Which Expense Item Costs Less This Year?

Officials initially thought the commodity's price index also went up; turned out it was down

It’s not all bad news when it comes to the country’s latest consumer price inflation, which surged to a near-decade high of 6.4 percent in August.Though most of the commodity groups that made up the consumer price index (CPI) went up, led ...

by Pauline Macaraeg  | September 11, 2018 01:00:00
News and Events

Under TRAIN Law, Consumer Spending Was Supposed to Grow Faster. Here's What Really Happened

The faster pace of price increases is upending the government's neat plan

When the Tax Reform for Acceleration and Inclusion (TRAIN) law took effect in January 2018, President Rodrigo Duterte’s economic managers expected consumer spending growth to pick up as employees were expected to receive higher take-home pay. Under the law, taxpayers earning a taxable ...

by Elyssa Christine Lopez  | August 15, 2018 09:00:00
News and Events

PH Banks on Infra Projects, Exports to Boost GDP Growth Later This Year

Despite slowdown, government planners still see the economy expanding by 6.5-7.5% this year

The Philippines’ socioeconomic planning secretary, Ernesto Pernia, remains optimistic that the economy can grow by 6.5-7.5 percent this year despite the slowdown in the first three months of 2017.The country's gross domestic product (GDP) growth slowed to 6.4 percent in the first ...

by Elyssa Christine Lopez  | May 18, 2017 04:00:00
News and Events

Kick start your day, June 21: Duterte admin vows sharp drop in poverty rate by 2022

The incoming administration aims to reduce the country’s poverty rate to 16% by the end of President-elect Rodrigo Duterte’s term, his team reported.

The incoming administration aims to reduce the country’s poverty rate to 16% by the end of President-elect Rodrigo Duterte’s term, his team reported on Monday, June 20.“It’s not ambitious; we’re just achieving what the other guys did not,” incoming Finance Secretary Carlos ...

by Entrepreneur Staff  | June 21, 2016 08:00:00
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