Philippine economy at a glance: Looking back on 2022

The Philippine economy continued its recovery from the coronavirus pandemic this year, as evidenced by the improvement in economic indicators. However, elevated inflation and the Russia-Ukraine war may have dented the Philippines’ recovery momentum. The infographic shows the Philippines’ economic performance based on select indicators obtained from latest government data.

Manila archbishop puts spotlight on vigilance in Christmas message

THE ARCHBISHOP of the Philippine capital Manila has highlighted the importance of vigilance and sense of urgency in his Christmas message, citing the virtues of the often overlooked shepherds in the nativity story. “We can learn three spiritual virtues from those shepherds: keeping watch, crossing over, and going in haste,” Cardinal Jose Lazaro F. Advincula […]

Opposition told to learn from US midterm results

By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINE opposition should temper right-wing populism that enabled Rodrigo R. Duterte’s rise to power by promising voters enough social protection amid economic challenges, political analysts said on Sunday, as US Democrats retained control of the Senate in this year’s midterm elections. The preparations of opposition forces for the […]

IMF cuts Asia’s economic forecasts as China’s slowdown bites

TOKYO — The International Monetary Fund (IMF) cut Asia’s economic forecasts on Friday as global monetary tightening, rising inflation blamed on the war in Ukraine, and China’s sharp slowdown dampened the region’s recovery prospects. While inflation in Asia remains subdued compared with other regions, most central banks must continue raising interest rates to ensure inflation […]

ONERHT partners Democratic Republic of Congo for sustainable economic development and growth

SINGAPORE, Oct 25, 2022 – (ACN Newswire via – Sustainability consultancy RHT Green and strategic advisory firm RHT Consulting Asia have entered into a Memorandum of Understanding (MOU) with the Ministry of Environment and Sustainable Development of the Democratic Republic of Congo (DRC) to support the implementation of multisectoral sustainable development projects in the […]

PHL, UNIDO reaffirm commitment to sustainable industrial, economic development

THE PHILIPPINES and the United Nations Industrial Development Organization (UNIDO) have signed a joint declaration reaffirming their commitment to accelerating sustainable industrial and economic development, according to a statement released Monday by the Department of Foreign Affairs.   “The Philippines’ partnership with UNIDO has been transformative to the country’s development landscape and has been instrumental in […]

G20 Sherpa committed to address global solutions

JAKARTA, Oct 1, 2022 – (ACN Newswire via – The third G20 Sherpa meeting in Yogyakarta has concluded with G20 member countries agreeing to seek solutions to myriad global problems. The 3rd Sherpa Meeting G20 Indonesia delegations travel around Borobudur Temple in Magelang, Central Java, Indonesia, Tuesday (29/9). (ANTARA PHOTO/Andreas Fitri Atmoko/POOL/rwa/FR) “During this […]

Diokno to US investors: PH is primed for a bright economic future

FINANCE Secretary and chairman of the Economic Development Cluster Benjamin Diokno showcased the Philippines’ solid macroeconomic fundamentals and “bright economic future” before American and international business communities at the Philippine Economic Briefing (PEB) in New York City, United States of America on Sept. 22, 2022.“As we pursue the economic transformation of the Philippines in the […]

Moody’s affirms PHL credit rating   

MOODY’S INVESTORS SERVICE on Thursday kept the Philippines’ “Baa2” credit rating with a “stable” outlook, as economic recovery is unlikely to be hampered by “challenging global credit conditions.” In a statement on Thursday, the credit rater affirmed the country’s long-term local and foreign currency issuer and senior unsecured ratings at “Baa2.”    “The rating action […]

Amazon, Apple and Google pledge training for women in Indo-Pacific

Fourteen US companies including Inc. and Visa Inc. each pledged to provide at least 500,000 digital training and education opportunities for women and girls in the Indo-Pacific region as part of a Biden administration initiative. The program, undertaken within the broader 14-nation Indo-Pacific Economic Framework for Prosperity, is focused on Brunei, Fiji, India, Indonesia, […]

Carvajal: Heroes as liberators

“Each and every one of us has been born into a given historical reality, ruled by particular norms and values, and managed by a unique economic and political system. We take this reality for granted, thinking it is natural, inevitable and immutable. We forget that our world was created by an accidental chain of events, […]