Gross domestic product (GDP) quarterly performance

Source BusinessWorld

The National Government’s (NG) outstanding debt as a share of the gross domestic product (GDP) eased to 62.1% at the end of June...

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The Philippines’ merchandise trade deficit hit another record in June as imports continued to outpace exports despite a year-on-year slowdown...

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Accelerating inflation has cooled the Philippines’ second-quarter economic growth to 7.4 percent, below market expectations, the government reported on Tuesday...

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Department of Finance (DoF) Secretary Benjamin Diokno reassured the public that the Philippine economy is on a steady path to recovery and expansion, as evidenced by the gross domestic product (GDP) growth of 7.4 percent across the board in the second quarter of 2022...

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Children ages 5 to 11 are still not eligible for COVID-19 booster shots despite the resumption of in-person classes this month, as there is still no scientific evidence to support the need for booster doses for that age group, according to the Department of Health (DOH)...

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A day after the retail price of white onions hit P400 a kilo, the Department of Agriculture (DA) reported that the bulbs are no longer available in public or wet markets in Metro Manila...

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The World Health Organization (WHO)’s COVAX Facility is ready to replace the expired vaccines in the Philippines, the Department of Health (DOH) reported yesterday...

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The Central Bank is proposing rules of procedure for its consumer assistance mechanism (CAM), mediation and adjudication of cases, a draft circular showed...

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The Metro Manila Development Authority (MMDA) is considering bringing back the number coding scheme in the morning, especially since students will be returning to face-to-face classes...

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Albay Rep. Joey Salceda has called on the Bangko Sentral ng Pilipinas (BSP) to regulate the high fees charged by banks for digital fund transfers using Instapay, PesoNet, and other interbank systems...

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The Philippine movie industry is indeed one of the industries severely affected by the Covid-19 pandemic...

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The Food and Drug Administration is currently reviewing the application of Janssen Pharmaceuticals for a certificate of product registration of its COVID-19 vaccine, the Department of Health said Tuesday...

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A lawmaker has batted for the enactment of a bill seeking to repeal the country’s obsolete National Building Code...

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The Supreme Court has declared that guaranteed rights to life, liberty, and security cannot be disregarded or trampled upon by law enforcers even if a person is arrested for an alleged criminal offense...

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The coal moratorium policy will be sustained under the Marcos administration, Energy Secretary Raphael Perpetuo Lotilla declared...

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A lawmaker has filed a bill pushing for the distribution of a one-time P2,000 cash aid for all Filipinos in the country as form of economic ayuda and relief amid the coronavirus pandemic and skyrocketing prices of goods and services...

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Justice Secretary Jesus Crispin Remulla is eyeing to build “island prisons” after Senate Bill (SB) 1055 and House of Representatives Bill (HB) 10355 lapsed into law on July 23...

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A proposal to remove the mandatory retirement age of 65 is being pushed in the lower house of Congress. Rep. Rodolfo Ordanes filed House Bill 3220 which aims to amend the labor code imposing retirement age of 65...

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International Container Terminal Services Inc. (ICTSI) is empowering port users to make better, more timely business decisions with the launch of the ICTSI app, a tool that gives port users access to the company's newest digital services...

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The Department of Foreign Affairs (DFA) has kept its first Alert Level 1 for Israel, as it welcomed a cease-fire between Israeli and Palestinian fighters in the Gaza strip...

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The Philippines is now in talks with other member-states of the Association of Southeast Asian Nations for the procurement of vaccines against monkeypox...

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House Speaker Ferdinand Martin Romualdez has assured the Japanese ambassador to the Philippines that the policy reforms that the administration will institute are expected to improve the business climate in the country...

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Senators expressed their preference for Japan over China in constructing the country’s railway projects...

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Taiwan held on Tuesday an artillery drill simulating defense against an attack as its top diplomat accused Beijing of preparing to invade the East Asian island after days of massive Chinese war games...

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President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China’s science and technology efforts...

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US President Joe Biden on Tuesday signed documents endorsing Finland and Sweden’s accession to NATO, the most significant expansion of the military alliance since the 1990s as it responds to Russia’s invasion of Ukraine...

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US President Joe Biden voiced his concern Monday over China’s extension of military drills around Taiwan, but added that he did not expect the tense situation to escalate further...

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The UK’s meteorological agency on Tuesday issued an “amber” warning for extreme heat while the country’s biggest water provider said restrictions loom, as Britain braces for another punishing heatwave later this week...

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Climate hazards such as flooding, heat waves and drought have worsened more than half of the hundreds of known infectious diseases in people, including malaria, hantavirus, cholera and anthrax, a study says...

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The Department of Health said Tuesday the Philippines is discussing with fellow members of the Association of Southeast Asian Nations (ASEAN) the possibility of procuring monkeypox vaccines...

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The dramatic FBI raid on Donald Trump’s palatial Florida residence has supercharged the bitter, polarizing political debate around the slew of judicial investigations facing the former president as he considers another White House run...

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An analysis of a 2,300-year-old text and coins has helped researchers decipher ancient recipes for bronze, including two linguistically elusive ingredients...

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A senior Ukrainian official suggested a series of explosions at a Russian air base in Crimea could have been the work of partisan saboteurs, as Kyiv denied any responsibility for the incident deep inside Russian-occupied territory...
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The Department of Public Works and Highways (DPWH) said on Tuesday that it will convey to the President issues raised by the private sector about the risk-sharing provisions of the revised implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law...

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The Department of Budget and Management (DBM) has approved the release of P2 billion for the special allotment release order or SARO of the Department of Social Welfare and Development (DSWD)...

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The Philippines remains at low risk from the coronavirus despite rising infections, health authorities said on Tuesday...

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The government is pushing for the country’s reliance on indigenous power resources to cut high electricity rates in the country, according to Malacañang...

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The House of Representatives has created the Special Committee on Nuclear Energy to be headed by Pangasinan Rep. Mark Cojuangco...

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The Land Transportation Office is urging local governments to temporarily suspend the no-contact apprehension policy (NCAP), calling for its review to clarify the guidelines of the traffic policy...

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Citing alleged malpractice in the implementation of contactless apprehension of motorists, Surigao del Norte Rep. Robert “Ace” Barbers yesterday asked the House of Representatives to investigate the program being carried out by several local government units (LGUs) and the Metro Manila Development Authority (MMDA)...

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The Department of Education (DepEd) expressed support for a proposed House investigation of its allegedly questionable purchase of P2.4 billion worth of “pricey” and “outdated” laptops for public school teachers...

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Makabayan bloc House representatives have again started calling for the abolition of the Procurement Service of the Department of Budget and Management (PS-DBM) on learning about its purchase of overpriced and outdated laptops for teachers...

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The Philippine Institute for Development Studies (PIDS) researchers urged municipal and city governments to integrate barangay disaster risk reduction and management (DRRM) plans into their development plans...

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The Commission on Higher Education (CHEd) overpaid three public higher educational institutions (HEIs) for tuition and other school fees by P130.99 million due to inadequate control mechanisms...

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The Bangko Sentral ng Pilipinas (BSP) has cautioned the public against fraud, perpetrated through unsolicited emails or text messages, with links that redirect the mobile user to highly suspicious websites...

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Former Manila archbishop Cardinal Luis Antonio Tagle is one of two leading candidates to possibly succeed Pope Francis, according to a report by a London-based Roman Catholic monthly newspaper...

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Globe Telecom Inc. wants DITO Telecommunity to pay P622 million in penalty for allegedly violating their interconnecting agreement, claiming that fraudulent calls were made through the third telco player’s network to the Ayala-led channel...

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The renovation work for three drainage systems leading to the Manila Bay Dolomite Beach project faces delay due to the lack of funds, the Department of Public Works and Highways said...

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A Bicol lawmaker on Tuesday called on Vice President and concurrent Education Secretary Sara Duterte to look into the reported failure of the previous leadership of the Department of Education (DepEd) to fix and equip thousands of classrooms with chairs and tables despite having a P9.5 billion budget last year...

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The Department of Health (DOH) on Tuesday said that the Philippines is going to explore the possibility of procuring next-generation Covid-19 vaccines that specifically targets Omicron...

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Acting Metropolitan Manila Development Authority (MMDA) general manager Baltazar Melgar traced Tuesday the flooding experienced in Manila the past weekend on an ongoing drainage project related to the Dolomite Beach attraction along Manila Bay...

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State shelter financing firm Pag-IBIG Fund posted robust earnings of P20.48 billion in the first half or a 27 percent increase from the same period last year, its top officials reported on Monday...

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Socioeconomic Planning Secretary Arsenio Balisacan on Tuesday said he supports a bill seeking to remove the mandatory retirement age...

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Congress needs to clearly define vote-buying, after a bill has been filed that seeks to declare the election offense as a heinous crime, according to Commission on Elections (Comelec) chair George Garcia...

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Shifting to solar energy can significantly bring down the cost of electricity for homes and businesses and soften the impact of what stakeholders call an impending energy crisis...

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Amid rising cases of dengue cases, the Department of Environment and Natural Resources (DENR) on Tuesday warned the public against releasing frogs and fish to eliminate dengue-causing mosquitoes...

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The Department of Public Works and Highways (DPWH) said rehabilitation of pumping stations in the City of Manila will be completed by September after some streets in the capital experienced flooding following a heavy downpour last week...

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The Department of Health (DOH) said Wednesday it will propose to the Marcos administration the redefining of the term “fully vaccinated” to include those who have received their first COVID-19 booster shot...

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The Philippine economy expanded by 7.4% in the second quarter — slower than expected — as rising inflation weighed on consumer spending...

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Soured loans held by Philippine banks fell for a fourth straight month in June, bringing the nonperforming loan (NPL) ratio to its lowest in 21 months as economic activity continues to pick up...

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Philippine economic growth slowed to 7.4 percent in the second quarter amid higher inflation, the government reported on Tuesday...

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The country’s trade deficit widened to $29.79 billion at the end of the first half of the year from $17.95 billion last year, according to the Philippine Statistics Authority, with the gap hitting another monthly high in June...

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The country’s manufacturing output rose in June from the previous month,with 13 industry groups posting increases, the Philippine Statistics Authority (PSA) said...

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The Philippine economy expanded at a slower pace in the second quarter, but the government is still confident the growth target for the year can still be achieved...

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As more senior citizens have ventured back to the job market due to the harder times wrought by the high prices of food and other basic services, the country’s chief economist on Tuesday urged the private sector to provide them with opportunities and training so they could adapt to potential employment especially in the digital space and in agriculture...

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Energy Secretary Raphael Lotilla has laid out the Department of Energy's (DoE) plans under the Marcos administration, which primarily focus on accelerating the development of the country's indigenous energy resources, strengthening electric cooperatives and expanding investments in the energy sector...

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Top economic managers in the country say the slower growth of the Philippines is well-within their expectations, and will still be on its way to reaching the government’s target for the year...

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The country’s chief economist is not worried about the yawning goods trade deficit, which hit another monthly high in June, as long as the growth in imports supported domestic investments and infrastructure...

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Workers aged 65 and above increased to 38.2% in June, up from 34.9% in May, according to the latest labor force survey of the Philippine Statistics Authority (PSA)...

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