How each segment contributed to Q3 2022 GDP

Source BusinessWorld

Economists are expecting the central bank to deliver another huge 75-basis-point hike on Thursday, as pre-announced by Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla...

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The country’s debt service payments continued to decline based on the January-September data released by the Bureau of the Treasury (BTr)...

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As the year comes to an end, the National Economic and Development Authority (Neda) expects government spending to continue to slow for the rest of the year...

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The total fertility rate (TFR) of Filipino women ages 15 to 49 declined to 1.9 children per woman in 2022 from 2.7 children per woman in 2017, the Philippines Statistics Authority said...

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A measure seeking to declare the province of Pampanga as the Christmas Capital of the Philippines has been filed before the House of Representatives...

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Las Piñas City Rep. Camille Villar has filed a bill seeking to provide free medical care to indigent women who are ill or injured as a result of violence and abuse...

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House of Representatives deputy minority leader France Castro on Sunday asked the committee on ways and means to begin discussions on proposed measures for the removal of value added tax (VAT) from public utilities such as water, power and toll...

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An electric helicopter with multiple rotors took its first flight in conventional air traffic near Paris on Thursday as it prepared for commercial flights by 2024...

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Sultan of Brunei Hassanal Bolkiah has vowed continued support for the Philippine government’s peace efforts in Mindanao...

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The Philippines and South Korea have agreed to further develop supply chain and energy cooperation, according to the Department of Trade and Industry (DTI)...

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President Ferdinand "Bongbong" Marcos Jr. used the Association of Southeast Asian Nations (Asean) summit in Phnom Penh, Cambodia as a platform to touch base with geopolitical rivals China and the United States...

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India and the Philippines have entered into a memorandum of understanding (MoU) to strengthen bilateral ties on "blue economy," maritime education and maritime sector between the two countries...

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Spain is looking to further strengthen business ties with the Philippines, with more than 20 firms from the European country joining the delegation that is exploring business opportunities in the Southeast Asian nation...

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President Ferdinand “Bongbong” R. Marcos Jr. said countries even beyond Asia have the “moral and legal” obligation to help prevent the eruption of conflict in the South China Sea since it could plunge the world in an economic crisis...

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Transparency, especially on rules, is seen as the honey that could perk interest of investments from Spain, according to an official of the Ministry of Industry, Trade and Tourism (Mincotur) of Spain...

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The Association of Southeast Asian Nations (Asean) has agreed to extend the validity of a 2020 agreement aimed at facilitating the movement of essential goods for another two years...

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Negotiations to upgrade an agreement to establish an Asean-Australia-New Zealand Free Trade Area (AANZFTA) have reached "substantial conclusion," the Association of Southeast Asian Nations said on Sunday...

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Cambodian leader Hun Sen called for unity Sunday, telling a gathering including Russia, China and the United States that current global tensions have been taking a toll on everyone...

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Leaders from the world's 20 largest economies arrive on the Indonesian island Bali on Monday for a post-pandemic reunion chilled by Sino-US rivalry and overshadowed by a superpower sit-down between Joe Biden and Xi Jinping...

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The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months...

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Group of 20 (G20) health and finance ministers launched a $1.4-billion fund Sunday to tackle the next global pandemic ahead of the bloc’s leaders gathering for a summit on the Indonesian resort island of Bali, but the host’s president said it was not enough...

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The United States, Japan and South Korea on Sunday vowed a "strong and resolute response" if Pyongyang carried out a nuclear test...

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Chinese Premier Li Keqiang urged member-states of the Association of Southeast Asian Nations (ASEAN) as well as its other dialogue partners, Japan and South Korea, to be committed to safeguarding peace and stability and achieving development and prosperity....

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Local companies serving as back-end offices for global brands may be more susceptible to phishing as cybercriminals persevere in looking for multiple entry points for their attacks, according to information technology service firm Okta...

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Hugging Ukrainian soldiers, blaring car horns and waving flags — the people of Kherson are savoring their newfound freedom...

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Ukrainian President Volodymyr Zelenskiy on Sunday accused Russian soldiers of committing war crimes and killing civilians in Kherson, parts of which were retaken by Ukraine’s army last week after Russia pulled out...

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Chinese leader Xi Jinping will arrive on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden, ahead of a Group of 20 (G20) summit set to be fraught with tension over Russia’s war in Ukraine...

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Leaders from the world’s 20 largest economies arrive on the Indonesian island Bali on Monday for a post-pandemic reunion chilled by Sino-US rivalry and overshadowed by a superpower sit-down between Joe Biden and Xi Jinping...

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Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass said, underscoring the need to reduce the debt of poorer countries...

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Russia’s foreign minister on Sunday accused the United States of driving increased militarization in Southeast Asia, saying that Washington was trying to contain Beijing and Moscow’s influence in the region...

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A senior lawmaker is pushing for the passage of a bill permanently closing down the Procurement Service of the Department of Budget and Management...

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Senate Finance committee chairman Juan Edgardo Angara is “open” to the clamor to scrutinize the multibillion-peso confidential and intelligence funds (CIF) for certain agencies and possibly realign them to disaster response and other priorities, but stressed that “all senators must be consulted” on the matter...

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It is about time to look into the projects of the Department of Public Works and Highways (DPWH) to avoid kickbacks and other irregularities, Senator Raffy Tulfo said on Monday...

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Sen. Ronald dela Rosa on Sunday took the Department of Justice (DOJ) to task for supposedly passing to the Senate the task of looking for funds, a constitutional mandate solely given to lawmakers in wielding the power of the purse...

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A coalition of environment groups has asked the Commission on Human Rights (CHR) to take a more active role in protecting Filipinos’ rights against hazardous substances, coinciding with global efforts to address the full and toxic life cycle of plastic...

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Sen. Christopher Lawrence "Bong" Go has urged the government to ensure that rebel returnees receive their benefits under the Enhanced Comprehensive Local Integration Program (E-Clip)...

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The Department of Migrant Workers (DMW) is expanding its services both here and abroad through the establishment of regional offices across the country and additional overseas labor offices in selected overseas locations to better serve the interest of the estimated 10 million overseas Filipino workers (OFWs) in at least 200 destination countries around the world...

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The co-founder of a social-impact tech startup has warned the government against overregulating technology in the country...

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An economist-lawmaker on Sunday expressed confidence that the Marcos administration’s planned expansion of “ayuda” or subsidy programs would hasten economic turnaround...

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Entrepreneurship is a key driver of the Asean economy and their digitalization will be vital in achieving inclusive growth in the region...

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Third-quarter earnings results are in line with expectations, analysts said, as they pointed to the reopening economy and a stronger dollar that boosted spending among families of overseas Filipino workers (OFWs)...

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The Philippine Pharmaceutical Manufacturers Association (PPMA) said it is targeting to increase the share of the local pharmaceutical industry to 60 percent in the next 10 years...

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Oil and gas companies are pushing through with plans to expand their operations despite a global climate emergency, according to sustainability think tank Center for Energy, Ecology, and Development...

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With less than two months before the year ends, the Manila International Container Port (MICP) has collected P173.6 billion in revenue, surpassing its 2022 target by more than P17.1 billion the Bureau of Customs (BOC) reported over the weekend...

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Share prices could go higher this week, analysts said, building on gains attributed to upbeat economic news such as stronger-than-expected Philippine growth and slower US inflation...

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Gasoline and kerosene prices are seen rising this week as prices in the world market showed volatility due to various factors, industry estimates showed Sunday...

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