MAKATI CITY—The Philippine government’s sustained economic recovery efforts and the Department of Trade and Industry’s (DTI) continuous investment facilitation has resulted to 7.2 percent Gross Domestic Product (GDP) growth for the fourth quarter of 2022, resulting to a 7.6 percent full-year growth for the said year, based on the recent data from the Philippine Statistics continue reading : Philippines’ GDP grew by 7.6% in 2022, Beats 2022 GDP Target
[Acknowledgments] Magandang hapon po sa inyong lahat. First of all, thank you to the Chinese Filipino Business Club for this opportunity to assure our micro, small, and medium enterprises (MSMEs) that despite the apprehensions surrounding the threat of the Omicron variant, our country has the upper hand this time to fight against COVID-19. This is continue reading : Keynote speech of Trade Secretary Ramon Lopez, Chinese Filipino Business Club, Inc. webinar “Managing the changing business paradigm for MSMEs in 2022”
Manila, Philippines — With the Regional Comprehensive Economic Partnership (RCEP) Agreement set to enter into force on 1 January 2022, securing Senate concurrence to the ratification of the Agreement becomes more urgent for the Philippines. Many economists and international organizations have already expressed views on the value and importance of the RCEP Agreement to the continue reading : Economists and international organizations highlight gains of RCEP
On the second quarter of 2021, Philippine gross domestic product (GDP) posted an 11.8% growth, according to the Philippine Statistics Authority (PSA). The construction industry is one of the main contributors to the growth together with manufacturing, wholesale and retail trade as well as repair of motor vehicles and motorcycles. Among the major economic sectors, continue reading : Construction industry contributes 16.6% to GDP amidst pandemic
Department of Trade and Industry (DTI) Secretary Ramon Lopez cited the Philippine gross domestic product (GDP) growth of 11.8% in the second quarter of 2021 as a good start of an economic recovery. This is the highest and fastest growth in over three decades since the fourth quarter of 1988, which posted a growth of continue reading : DTI Chief: Remarkable GDP growth of 11.8% in Q2 2021 signals the start of recovery
15 April 2020 The economy is definitely challenged. Malaki pong pagsubok sa ekonomiya ‘yung nararanasan natin ngayon. Dahil doon sa huli nating report mga 3 weeks ago, ni-report ko po na sana po ay nag-re-recover na subalit nagkaroon po tayo ng surge nitong umpisa ng March at dahil po dito ay tayo ay nag-lockdown ulit continue reading : Message of Secretary Ramon M. Lopez, President Rodrigo Roa Duterte’s Talk to the Nation
The Philippines’ (PH) ranking in the 2018 Global Competitiveness Report (GCR) significantly improved to 56th from 68th place in a report released recently by the World Economic Forum (WEF). The 2018 GCR covers 140 economies representing 99% of global GDP and 94% of world population. PH is one of the few countries which gained double continue reading : PH scores big in the 2018 Global Competitiveness Report