Budget Secretary Kim Robert de Leon President Ferdinand Marcos Jr.’s economic team is adopting a sober yet aggressive posture on the Philippines’ macroeconomic outlook, mobilizing a state-led fiscal catch-up program to counter stalling growth and stubborn inflation. Budget Secretary Kim Robert de Leon told reporters on the sidelines of the …
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The World Bank headquarters in Washington, DC. (STAR / File) MANILA, Philippines — The World Bank is looking to extend around $3 billion worth of loans to support programs in the Philippines in the next fiscal year. Zafer Mustafaoğlu, division director for the Philippines at the World Bank told reporters …
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PEZA director-general Tereso Panga (Courtesy: PEZA) The Philippine Economic Zone Authority (PEZA) nearly doubled its investment approvals in the first five months of 2026, greenlighting 135 new and expansion projects worth P124.83 billion compared with P66.34 billion in the same period last year. The approved projects will likely generate 20,012 …
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SEEK, the parent company of Jobstreet and Jobsdb, has launched its latest regional campaign, “Find Better Matches,” aimed at addressing persistent job mismatch by placing relevance at the center of the job search experience. The campaign spans six Asian markets, including the Philippines, Singapore, Malaysia, Hong Kong, Thailand, and Indonesia. …
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Economy, Planning, and Development Secretary Arsenio Balisacan A stronger and more resilient middle class is critical to sustainably reducing poverty and achieving inclusive economic growth in the Philippines, according to the Department of Economy, Planning, and Development (DEPDev). Speaking at the launch of the World Bank’s Poverty and Equity Assessment …
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“The approval of the 2026 SIPP (Strategic Investment Priority Plan) marks a decisive step in the government’s strategy to make our country attractive for investments. We focus on ensuring the ease of doing business, reducing cost and creating predictability,” Finance Secretary Frederick Go said. (STAR / File) MANILA, Philippines — …
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Citing the rising risk of inflation expectations becoming de-anchored, the Paris-headquartered intergovernmental Organization for Economic Cooperation and Development (OECD) holds one of the most hawkish positions on policy tightening, penciling in a maximum of 125 basis points (bps) in interest rate hikes this year amid raging price pressures. This hawkish …
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Motorists refuel at a gas station along East Avenue in Quezon City on February 2, 2026 (The Philippine STAR / Miguel De Guzman) MANILA, Philippines — Inflation slowed to 6.8% in May from 7.2% in April as transport and food prices eased despite ongoing energy-related pressures linked to the conflict …
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Energy Regulatory Commission chairman Francis Saturnino Juan (Courtesy: ERC) The high cost of capital in the Philippines is a major factor driving the country’s high electricity prices, Energy Regulatory Commission chairman Francis Saturnino Juan said Friday. Speaking at the 4th National Convention of the Power for People Coalition, Juan said …
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In a press briefing, DA Assistant Secretary and spokesperson Arnel de Mesa said an initial shipment of about one metric ton of Philippine mangoes was shipped off to Toronto, Canada on June 3 (File Photo) MANILA, Philippines — The country has started exporting mangoes to Canada as part of the …
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