Englisheconomic growth
Fastest Growing PH Region 2024: Central Visayas
Backed by a thriving tourism industry that stimulated consumer spending, Central Visayas (Region VII) solidified its status as the nation's top-performing regional economy in 2024, recording an impressive 7.3% GDP expansion. Recent data from the Philippine Statistics Authority (PSA) confirms this growth rate leads all 18 Philippine regions, exceeding both the national average (5.7%) and […]
Developers Mute Political Noise, Focus on Property Growth
Amid the current political climate, developers are choosing to ignore the surrounding 'political noise' and are concentrating their efforts on transforming the property sector into a compelling investment destination, despite the challenging conditions, as reported by Colliers Philippines. Investors, buyers, and business professionals have managed to separate the ongoing political distractions from their everyday business […]
New Condo & Mall in Nivel Hills, Cebu – Prime Real Estate
Cebu-based developer Grand Land Inc. has announced plans to construct a 33-story condominium tower on a 1.4-hectare property in Nivel Hills, Lahug, Cebu City. The project, named Auria Residences, was unveiled during the company’s Grand Annual Awards 2025 on Friday, February 21. Auria Residences: Redefining Urban Living The development will feature 950 condominium units, offering a mix of studio, one-bedroom, and two-bedroom configurations. According to Benrick Ryan Go, Operations […]
Philippine GDP Hits 5.2% in Q4 2024, Misses Target
The Philippines' gross domestic product (GDP) grew by 5.2 percent in the fourth quarter of 2024, according to the Philippine Statistics Authority (PSA). This figure was announced on Thursday, highlighting a slower-than-expected economic expansion. For the entire year of 2024, the country’s GDP growth reached 5.6 percent, falling below the government’s revised target range of 6 to 6.5 percent. Initially, the target was set at 6 […]
2024 GDP Growth Forecast at 5.8%
The country’s economic growth may have fallen short of the government’s target last year, as severe storms late in the season dampened the usual holiday-driven boost. According to a median forecast from 12 economists surveyed by Inquirer, the Philippine gross domestic product (GDP)—which measures the total value of goods and services produced—likely expanded by 5.8% […]
Free internet program budget surges to P7.5 billion
For 2025, the General Appropriations Act mandates the Department of Information and Communications Technology (DICT) to establish internet connectivity in public schools located in geographically isolated and disadvantaged areas through the Free Public Internet Access Program (FPIAP). Additionally, the DICT is assigned to set up similar internet facilities in resettlement communities managed by the Department […]
Bank Rolls Out Innovative Interest Rate Swap Market
The Bankers Association of the Philippines (BAP) officially launched the upgraded Peso Interest Rate Swap (IRS) market on Monday, November 18, 2024. Designed to enhance the process of setting and managing interest rates, this new market provides significant benefits to both banks and borrowers. It is particularly advantageous for businesses reliant on loans, as it […]
Philippines' Q3 GDP Growth Slows to 5.2% Amid Economic Challenges
In the third quarter of 2024, the Philippines recorded a Gross Domestic Product (GDP) growth rate of 5.2%, marking a slowdown from the 6.4% growth achieved in the previous quarter. This deceleration highlights several economic challenges facing the country, including adverse weather conditions that have particularly impacted agriculture and disrupted government projects. This quarter’s growth […]