ECCP at Work

FDI net inflows slump by 40.5% in August

Net inflows of foreign direct investments (FDI) into the Philippines slumped by 40.5% in August, amid a drop in net investments in debt instruments, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

DBM chief optimistic holiday spending will lift Q4

The Philippine economy is expected to accelerate in the fourth quarter, driven by holiday spending, exports, and a rebound in investment activity, Budget Secretary Amenah F. Pangandaman said, but flagged risks from natural disasters.

BMI cuts 2025 PHL growth forecast to 4.9%

BMI, a Fitch Solutions Company, has slashed its growth forecast for the Philippine economy this year to 4.9 percent from its initial 5.4 percent projection, after the economy grew by the slowest pace since the pandemic in the third quarter due to weaker domestic demand and stunted government spending.

GOVT MAY REVISE GDP GROWTH TARGETS — DEPDev

The Philippines may have to revise  its annual economic growth targets in  light of the sharp slowdown in the expansion of gross domestic product  (GDP) in the third quarter, the  Department of Economy, Planning  and Development (DEPDev) said over  the weekend.

P379-million aid package readied for farmers, fisherfolk affected by Uwan

The Department of Agriculture (DA) said it has prepared over P379 million worth of assistance for farmers and fisherfolk affected by Super Typhoon Uwan, which traversed Luzon this week.

FDA exempts 13 additional drugs from VAT

Thirteen more drugs have been exempted by the Food and Drug Administration (FDA) from the Value-Added Tax (VAT) as part of its effort to ensure accessible and affordable healthcare.

NAIA passenger volume nearly 39 million in first nine months 

Passenger volume at the Ninoy Aquino International Airport (NAIA) rose 3.96% to 38.86 million in the first nine months, driven mainly by domestic passenger volume.

Philippines likely to miss 2025 growth goal

The Philippine economy is unlikely to get the boost it needs in the fourth quarter to reach the low end of its full-year growth target, as public spending and investments are expected to remain subdued amid a widening corruption scandal, analysts said.

Banks’ NPL ratio eases to six-month low in September

The Philippine banking sector’s gross nonperforming loan (NPL) ratio eased to a six-month low in September, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Slow GDP seen a ‘wake-up’ call

The country’s anemic growth rate is a signal for the government to intensify its efforts to combat corruption and restore public and business confidence, according to top business leaders.

Agri group warns: Retaining 15% tariff rate to hurt farmers

A new mechanism for adjusting Most Favored Nation (MFN) tariff rates for rice will take effect starting next year to shield farmers from the impact of cheap imports under President Ferdinand Marcos’s Executive Order (EO) No. 105.

Agri, energy restoration from ‘Tino’ damage continues as ‘Uwan’ poses new threats

Restoration work and damage assessments continue in the wake of tropical cyclone (TC) Tino, even as the country braces for the impact of super typhoon (ST) Uwan.