Philippines ranks 32nd in military strength list

Source: BusinessWorld

The Philippine economy is forecast to grow by around 6.5 percent this year because of the expected slowdown of the global economy, Finance Secretary Benjamin Diokno said...

Read More

Philippine economic growth likely accelerated by 7.3 percent in 2022, the Asean+3 Macroeconomic Research Office (AMRO) said on Tuesday, faster than the 6.9 percent previously forecast...

Read More

President Ferdinand Marcos Jr expressed optimism that the Philippine economy could grow at a faster pace of 7 percent this year despite all the global headwinds, more optimistic than his economic team’s projection of at least 6.5 percent...

Read More

The Philippines is expected to become one of the top economic performers in the Asia-Pacific region despite the projected slowdown in global economy this year, according to the Department of Finance (DOF)…

Read More

Remittances from overseas Filipino workers (OFWs) will continue to rise this year, but may fall short of the central bank’s 4% growth projection amid a looming global economic slowdown, analysts said...

Read More

Current COVID-19 health protocols in the Philippines will remain in place should the World Health Organization (WHO) soon declare an end to the global health emergency phase of the coronavirus...

Read More

Sen. Christopher Lawrence "Bong" Go on Tuesday called for the immediate passage of Senate Bill (SB) 194 or the "E-Governance Act of 2022" which mandates the government to establish an integrated resource-sharing and communications network, an internal records management information system, an information database and digital portals for the delivery of public services...

Read More

Real estate investment trusts (REITs) continue to show potential for growth, offering an alternative investment option in the domestic markets and which have received a favorable response from local investors...

Read More

A law aiming to bring stability to the Armed Forces of the Philippines by putting an end to the practice of short-term appointments for top generals has instead caused a disturbance among junior military officers, Defense Secretary Carlito Galvez Jr. said on Tuesday...

Read More

Scientists said Monday they have used a laser beam to guide lightning for the first time, hoping the technique will help protect against deadly bolts — and one day maybe even trigger them...

Read More

Fruit vendors and other wet market sellers in Bohol province were recently able to exchange unfit banknotes and coins with digital cash, according to the Bangko Sentral ng Pilipinas (BSP)...

Read More

President Ferdinand "Bongbong" Marcos Jr. said countries in the Asia-Pacific region should reject a "Cold War" mentality to enhance stability and prosperity in the region...

Read More

President Ferdinand Marcos Jr. on Tuesday attended the formal opening of the World Economic Forum (WEF) 2023 at the Davos Congress Center in Switzerland...

Read More

The United States Agency for International Development (USAid) has launched a five-year P1 billion or $18 million partnership with the Philippine government to help small and medium enterprises (SMEs) transition into e-commerce ventures...

Read More

During the 2023 World Economic Forum (WEF) annual meet in Davos, Switzerland, President Ferdinand “Bongbong” Marcos Jr. presented the state of the Philippine economy, telling investors about initiatives being undertaken to ensure the country’s continued recovery and making it more conducive for business...

Read More

President Ferdinand "Bongbong" Marcos Jr. made a pitch for the proposed sovereign wealth fund at the World Economic Forum (WEF) here, saying it is one of his government's tools in its efforts to diversify the country's financial portfolio...

Read More

Amid global inflation, President Ferdinand "Bongbong" Marcos Jr. has joined the call for all governments "to unwind any trade restrictions and reinforce our commitment to the World Trade Organization (WTO) reform."...

Read More

Germany is not pirating Filipino nursing students, German Ambassador Anke Reiffenstuel said yesterday...

Read More

The International Labour Organization (ILO) High Level Tripartite Mission to the Philippines is expected to help Congress craft laws that are supportive of labor and union rights, Rizal 4th District Rep. Fidel Nograles said in a statement issued on Tuesday...

Read More

Six SM companies were cited during the ASEAN Corporate Governance Scorecard (ACGS) Awards conducted online on Dec. 2, 2022...

Read More

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates...

Read More

International tourist arrivals doubled in 2022 over the previous year, and should reach near pre-pandemic levels in 2023 thanks to the lifting of travel restrictions, especially in China, the UN's tourism body said Tuesday...

Read More

Commercial and noncommercial vessels must comply with the new International Maritime Organization (IMO) 2023 regulations to reduce carbon emissions using energy efficiency indicators...

Read More

Global stocks were mixed Tuesday following data showing China's growth slowed sharply in 2022 as European gas prices hit another 16-month low on fading fears of a winter supply crunch...

Read More

China's economy grew 3.0% in 2022, official data released Tuesday showed, one of the weakest rates in 40 years owing to the Covid-19 pandemic and a real estate crisis...

Read More

A senior Ukrainian official blamed Russia on Tuesday for carrying out the bulk of more than 2,000 cyberattacks on Ukraine in 2022, speaking at a news conference that he said was itself delayed because of a cyberattack...

Read More

The Philippine Statistics Authority (PSA) is ready to work with private groups in looking for other ways to use the national ID, in line with a directive from President Marcos who also ordered the agency to work faster in issuing and delivering the Philippine Identification System (PhilSys) ID cards...

Read More

The Sugar Regulatory Administration (SRA) is recommending selling seized smuggled sugar through the Department of Agriculture (DA)’s Kadiwa outlets to give consumers access to cheaper sugar...

Read More

“For now, our COVID-19 cases are plateauing,” according to Department of Health (DOH) officer-in-charge Maria Rosario Vergeire, even if hospital admissions due to the coronavirus slightly increased in some areas...

Read More

An infectious disease expert agrees with the observation of the Department of Health (DoH) that the Philippines is ready in case the World Health Organization (WHO) lifts the State of Public Health Emergency of International Concern (PHEIC) for coronavirus disease 2019 (Covid-19)...

Read More

President Ferdinand "Bongbong" Marcos Jr. said the Philippines will establish a cybersecurity system to ramp up his administration's push to digitalize the bureaucracy crucial in ensuring efficient and fast delivery of government services to the public...

Read More

None of the more than 1,000 overseas Filipino workers (OFWs) who received legal aid from the government last year as they faced trial abroad were spared conviction and imprisonment, the Department of Foreign Affairs (DFA) reported to the Senate on Tuesday...

Read More

President Ferdinand R. Marcos Jr. pushed for the “neutrality” of the Asia-Pacific region in the ongoing intense geopolitical rivalry of international superpowers to normalize global trade...

Read More

The bill allowing long weekends to boost tourism and domestic consumption warrants careful study, according to the National Economic and Development Authority (Neda)...

Read More

The Civil Aeronautics Board (CAB) is further lowering the fuel surcharge for domestic and international flights for February, reflecting the drop in jet fuel prices...

Read More

More than one million voters have registered for the barangay and Sangguniang Kabataan elections set in October, according to the Commission on Elections...

Read More

Senators are determined to complete amendatory legislation on a nine-month-old law professionalizing the military amid recent reports of unrest within the ranks of uniformed personnel...

Read More

The Department of Health (DOH) is bent on incentivizing Filipino nurses to prevent them from leaving the country following reports that some European countries are actively recruiting Filipino nursing students by offering them attractive compensation packages...

Read More

The chairman of the House Committee on Labor and Employment on Tuesday said the upcoming International Labour Organization (ILO)-High Level Tripartite Mission to the Philippines this month would help legislators craft laws that would benefit workers, including the protection of their right to organize and access to decent work and wages...

Read More

Sen. Christopher Lawrence "Bong" Go called on the military and the police to rally behind President Ferdinand Marcos Jr. to protect the will of the people amid rumors of destabilization...

Read More

Amid the alarming drop in the literacy rate in the province of Cagayan, Gov. Manuel Mamba has issued an executive order that aims to give priority for the effective implementation of the education system in public schools...

Read More

The Department of Environment and Natural Resources (DENR) and the Global Environmental Facility (GEF) will hold a multi-stakeholder dialogue on January 18 and 19 in Taguig City to come up with the final list of proposed projects under GEF-8...

Read More

The Department of Trade and Industry (DTI), through its enforcement arm, sealed uncertified products, including household appliances, lighting devices and ceramic products worth P482,121 during its enforcement operation in Quezon City last week...

Read More

The Government generated savings of P681.2 million from procurement efficiencies in 2022, up 21.8% from a year earlier, the Department of Budget and Management (DBM) said...

Read More

The Philippine economy may expand by about 6.5 percent this year or within forecast while full-year growth in 2022 is expected to exceed the target, Finance Secretary Benjamin Diokno said yesterday...

Read More

Prices of cakes and other pastries like mamon, ensaymada and sans rival may soon rise as bakers make cost adjustments due to higher egg prices, according to the Philippine Baking Industry Group (PhilBaking)...

Read More

Only 5,000 metric tons of imported onions will arrive in the country after importers did not avail of all the 21,060 MT of onions earlier authorized by the Department of Agriculture (DA)...

Read More

An egg producers' group said that there is now a shortage in the supply of eggs in the country as at least seven million chickens have been culled from the bird flu outbreak in Central Luzon...

Read More

Passengers can look forward to cheaper plane tickets next month after the government further reduced the fuel surcharge that airlines are allowed to collect...

Read More

The film industry told Congress it is too heavily taxed, and added that reducing the tax burden would encourage filmmakers to produce more movies of higher quality...

Read More

The Bangko Sentral ng Pilipinas (BSP) may raise key interest rates by at least 75 basis points more for this year as inflation is seen hitting the upper end of the target band only by the fourth quarter...

Read More

Food delivery platform gross merchandise value (GMV) in Southeast Asia (SEA) grew at a “modest” 5 percent year-on-year (YOY), reaching $16.3 billion in 2022, mainly driven by relatively smaller markets of Malaysia, Philippines and Vietnam, according to a report by Momentum Works...

Read More

The Department of Agriculture (DA) will push a program to increase local corn production to meet the needs for livestock feed...

Read More

The bright economic prospects for the Philippines and the Association of Southeast Asian Nations (ASEAN) amid fears of a global slowdown leverage President Ferdinand R. Marcos, Jr.’s efforts to lure more investments into the country during his participation at the World Economic Forum (WEF) in Davos, Switzerland, the leader of the House of Representatives said on Tuesday...

Read More

The Federation of Free Farmers (FFF) has called for the distribution of P5,000 cash aid to all rice farmers in the country, regardless of landholding, to help the industry cope with persisting production challenges...

Read More