The Economy

No delay in 13th month pay for pensioners: SSS

The Social Security System said Friday that it sees no reason for any delay in the release of the 13th month pay for its...
Grocery shoppers are seen at a supermarket along J.P. Laurel Avenue in Davao City. The Department of Trade and Industry (DTI) assures the public that price increase in basic commodities is unlikely until end of the year. LEAN DAVAL JR

PCCI: PH could hit 6% full- year GDP growth in 2023

Philippine Chamber of Commerce and Industry (PCCI) president George Barcelon has a rosy outlook for the Philippine economy for the full year of 2023,...

P200-B investments set for PH largest solar farm project

Meralco chairman Manuel V. Pangilinan said the 3,500 megawatts of direct current (MWdc) solar power farm project in Nueva Ecija of SP New Energy...

GSIS buys P1.45-B preferred shares in RE firm Alternergy

State-run pension fund Government Service Insurance System (GSIS) has subscribed to renewable energy (RE) firm Alternergy Holdings Corporation’s Perpetual Preferred Shares 2 Series A...
Grocery shoppers are seen at a supermarket along J.P. Laurel Avenue in Davao City. The Department of Trade and Industry (DTI) assures the public that price increase in basic commodities is unlikely until end of the year. LEAN DAVAL JR

PH household spending likely to grow by over 6% in 2024

Household spending is projected to rise by over 6 percent next year, as economic growth persists and consumption levels normalize, according to BMI Country...

Agro-industrial leaders urges new agri chief to address key issues

Leaders of the agro-industrial sector on Friday welcomed the appointment of a full-time Department of Agriculture secretary, and urged Secretary Francisco Laurel Jr. to...
PLASTICS ALL OVER.A young resident walks over a garbage-filled pool of water at a coastal community in Brgy. 23-C Isla Verde, Davao City on Thursday. Environmental group Greenpeace has ranked the Philippines as the "third-worst polluter into the world's oceans" behind China and Indonesia in its recent study. LEAN DAVAL JR.

Gov’t remains committed to reducing poverty: NEDA

The government is implementing several measures to reduce poverty incidence among Filipinos to 9 percent by 2028, National Economic and Development Authority (NEDA) Secretary...
A vendor chops dressed chicken into choice cuts before displaying them at a stall inside Agdao Public Market in Davao City on Thursday. LEAN DAVAL JR

Retailers anticipate slower inflation in October 2023

The leadership of the Philippine Amalgamated Supermarkets Association (PAGASA) has said October’s inflation numbers are likely to show a decline amid government interventions and...

Onion, garlic prices stable; potato supply, prices to stabilize by Q4

The Department of Agriculture (DA) has monitored the stable prices of onion and garlic in local markets, Malacañang said on Monday. Citing the data from...
ENCOURAGING SIGN. A worker walks by piles of container vans at Sasa wharf in Davao City on Wednesday, an indication of an upswing and conducive business environment in the city despite the declaration of Martial Law in Mindanao. LEAN DAVAL JR.

PH exports increasing but external headwinds slow down growth

The country’s export revenues are slowly recovering this year due to external factors beyond the control of the local stakeholders, Philippine Exporters Confederation (Philexport)...