ECCP at Work

Cash remittances up 3.7% in Sept.

Money sent home by overseas Filipino workers (OFWs) jumped by an annual 3.7% in September, the fastest pace in five months, the Bangko Sentral ng Pilipinas (BSP) said on Monday.

Go named as Finance chief, Recto as executive secretary

Philippine President Ferdinand R. Marcos, Jr. on Monday appointed Finance Secretary Ralph G. Recto as the new executive secretary and economic czar Frederick D. Go to take over the Finance department, marking the biggest Cabinet shake-up since the eruption of the multibillion-peso flood control scandal.

DOF: 2025 GDP growth to fall way below target

The country’s economy is now projected to settle at a growth rate of as low as 4.7 percent this year, according to the Department of Finance (DOF), a figure that falls short of the government’s official target range of 5.5 to 6.5 percent, and signals a weaker-than-expected economic performance.

E-vehicles surging, driven by strong hybrid sales

Sales of vehicles powered by fuel continued to slightly decline in the last 10 months as electric vehicles continued to surge, driven by strong hybrid sales.

Philippines among world's largest ecommerce markets – NielsenIQ

The Philippines is emerging as one of the world’s fastest-growing e-commerce markets, helping drive Southeast Asia’s rapid expansion in online spending, according to new data from consumer intelligence firm NielsenIQ (NIQ).

Recto says 25-bp cut likely in Dec.

Finance Secretary Ralph G. Recto ruled out an “off-cycle” move on monetary policy easing despite weaker-than-expected third-quarter growth, but noted there is a high chance of a rate cut at the central bank’s next meeting.

Farm damage from ‘Tino’ Nearing P1B, says Agri Dept

The damage caused by tropical cyclone Tino to the local farm sector has nearly reached P1 billion, according to the Department of Agriculture (DA).

LRMC eyes concession ‘rebalancing’ as govt settles claims, begins tariff talks

Light Rail Manila Corp. (LRMC) said it is optimistic about reaching an agreement with the government on a “rebalancing” of their concession framework.

PHL investment slump seen to persist amid corruption probe

The investment outlook is expected to remain weak through next year unless reforms are implemented and those linked to the flood control scandal are jailed, economists said.

DOE: Key energy projects eyed in Agusan del Norte

The Department of Energy (DOE) is planning several key projects in Agusan del Norte to enhance its power self-sufficiency after it achieved 100 percent household electrification.

Global demand for Filipino seafarers up on shipping, offshore demand growth — ATPI

Global demand for Filipino seafarers is on a sustained upswing, with industry projections pointing to 5 to 7 percent annual growth over the next 12 to 18 months as shipping, cruise and offshore sectors expand worldwide, a leading marine travel and logistics company said.

DTI seizes over P3.5 million substandard steel

More than P3.5 million worth of substandard steel products were confiscated by the government in Luzon since the start of the year for failing to meet product standards.

ADB flags persistent credit, regional barriers holding back PH MSMEs

Micro, small and medium enterprises (MSMEs) in the Philippines still face challenges in scaling access to finance, expanding regional reach and deepening capital market integration. This is limiting the crucial sector’s ability to unlock its full economic potential, the Asian Development Bank (ADB) said.