President Rodrigo Duterte on Thursday signed the P5.024-trillion national budget for 2022 into law. On Thursday, December 30, President Rodrigo Duterte approved the government’s budget for 2022 in a ceremony with lawmakers, providing a new stream of cash for managing the coronavirus outbreak and assisting areas ravaged by Typhoon Odette (international name Rai). “I want …
Duterte approves P5 trillion national budget for 2022 Learn More »
The Philippine Peso may fall against the dollar this week as a result of the government’s decision to relax lockdown levels in January. According to Bankers Association of the Philippines data, the local currency closed at P50.04 per dollar on Friday, up from P50.045 on Thursday. The peso rose two centavos week on week from …
Peso weakens against dollar ahead of lockdown levels Learn More »
The Philippine economy will look brighter next year as more Japanese companies show interest in the country’s manufacturing, power, construction, and food processing industries. Dita Angara-Mathay, Commercial Counsellor at the Department of Trade and Industry’s Philippine Trade Investment Center in Tokyo, stated that there has recently been a significant increase in investment-related inquiries from Japanese …
PH economy expects to grow higher as more Japanese businesses look to invest Learn More »
A well-known Filipino architect and urban planner revealed what the Philippines could be like in 2050 if it continues on its current path, while also emphasizing the need for the country to have more cities. Architect Felino “Jun” Palafox Jr. stated at the Asia Real Estate Forum on Thursday that the country requires 100 new …
Renowned architect and urban planner, Palafox reveals Philippines’ looks by 2050 Learn More »
The World Bank has approved a $600 million loan for a Philippine reform program to help the Southeast Asian country prepare for a competitive and resilient economic recovery, the bank announced on Saturday. The Philippines Promoting Competitiveness and Enhancing Resilience to Natural Disasters Sub-Program 3 Development Policy Loan aims to assist in funding the government’s …
World Bank grants Philippines $600M loans to aid economic recovery Learn More »
Finance Secretary Carlos Dominguez said, the Philippine government is seeking a P300 billion ($5.96 billion) loan from the central bank next year, which is less than this year’s budget support so the economy continues to recover. The government has also informed the Bangko Sentral ng Pilipinas that it will repay its outstanding 540 billion peso …
PH government seeks P300 billion loan from Bangko Sentral in 2022 Learn More »
Oxford Economics says the Philippines is one of the Asia Pacific economies that will grow quicker next year. The research group stated in a report issued on Friday that the Philippines, Japan, Indonesia, Malaysia, and Thailand will all enjoy stronger economic development in 2022 after being disrupted by massive pauses combating the coronavirus disease 2019 …
Philippine economy is seen to soar in 6.6% in 2022, Oxford Economics says Learn More »
