ECCP at Work

Holiday spending boost to prop up PHL GDP growth

The seasonal increase in household spending amid the upcoming holiday season could help propel Philippine economic growth to reach the government’s target, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said.

RE push makes up for lack of net zero pledge — DoE’s Garin

The Philippines’ efforts to increase the share of renewable energy (RE) in its power generation mix compensates for the absence of a net zero commitment, according to the Department of Energy (DoE).

Agri dep’t orders audit of farm-to-market roads

Agriculture Secretary Francisco P. Tiu Laurel, Jr. ordered an audit of all farm‑to‑market road (FMR) projects since 2021, the Department of Agriculture (DA) said in a statement.

Reform crucial to sustaining PH rise in global innovation rank — economists

Economists and policymakers hailed the progress made by the Philippines in the 2025 Global Innovation Index (GII) but warned that sustaining momentum will require deeper reforms.

DICT to bid out P3 billion contract to supply free SIMs to students

The Department of Information and Communications Technology (DICT) is spending more than P3 billion to procure over one million SIMs to be distributed to public school students.

Marcos signs law amending RoW Act

Philippine President Ferdinand R. Marcos, Jr. signed into law a measure that amended the Right-of-Way (RoW) Act, which would allow the government to acquire more land for big-ticket infrastructure projects.

Philippine economic outlook steady – JCR

The Philippine economy remains resilient on the back of strong growth, easing inflation and fiscal consolidation efforts under the Marcos  administration, according to Japan Credit Rating Agency (JCR).

Fisheries science conference convening in Clark this month

Fisheries researchers are convening later this month in Clark to present findings that will make fishing more sustainable and financially more rewarding to industry participants, conference organizers said.

Cebu front and center of PHL’s growth story

With the Philippines’ strong economic footing and promising outlook, Cebu is poised to sharpen its edge as one of Asia’s premier outsourcing destinations and solidify its role as the country’s vital gateway for trade, according to the Department of Finance (DOF).

Funding for PHL startups falls 55% to $86.4M in first half
Philippine startups secured $86.4 million in equity funding in the first half of 2025, down 55% from a year earlier and lagging most of its Southeast Asian neighbors, according to a report by Kickstart Ventures, Inc.

DPWH cuts 2026 budget by P255B
The Department of Public Works and Highways (DPWH) slashed around P255 billion worth of locally funded flood control projects from its proposed 2026 budget.

DA trims rice output forecast; still sees record harvest
The Department of Agriculture (DA) is keeping its target of a record rice harvest this year even after trimming its 2025 forecast, citing “prudence in the face of uncertainty” amid erratic weather.

SEC, DOF to tighten monitoring of oil, gas, mining firms’ owners

The Securities and Exchange Commission (SEC) and the Department of Finance (DOF) plan to tighten monitoring of the real investors running the country’s oil, gas and mining companies amid chronic concerns about dummies.

DPWH lifts 2-week freeze on local project bid activities

The Department of Public Works and Highways (DPWH) said it lifted the two-week suspension of auctions for locally-funded projects, citing the need to fast-track the rollout of key items of infrastructure.

PhilHealth adopts strategic phased rollout of GAMOT Program
The Philippine Health Insurance Corporation (PhilHealth) on Tuesday said it is implementing a strategic phased rollout of its PhilHealth Guaranteed and Accessible Medications for Outpatient Treatment (GAMOT) program.

Philippines may lose P30B from zero-tariff deal on US goods

The Philippines risks losing as much as P30 billion in revenues if the government implements a zero-tariff scheme on selected American goods, the Bureau of Customs (BoC) told congressmen on Tuesday. 

Federal Reserve move key to BSP rate cut — Finance chief

The Bangko Sentral ng Pilipinas (BSP) may deliver one more policy rate cut before year-end, but the move could depend on whether the US Federal Reserve lowers borrowing costs in its meeting this week, Finance Secretary Ralph G. Recto said on Tuesday.