Philippines Urged to Shift from Consumption, Services Reliance for Diversified Growth
Philippine Socioeconomic Planning Secretary Arsenio Balisacan urged a strategic shift away from over-reliance on household consumption and the services sector as primary economic growth drivers. He emphasized the need to diversify the economic mix by strengthening investment, exports, agriculture, and industry to enhance resilience against external shocks and boost regional competitiveness.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Mans Carpio's Landbank Account Balances Unveiled in Impeachment Trial
During the impeachment trial of Philippine Vice President Sara Duterte, the year-end balances of her husband, Manases "Mans" Carpio's Land Bank account from 2022 to 2025 were revealed. This information, presented by the prosecution, highlights efforts to ensure financial transparency.
- Moody’s Completes Stake Acquisition in PhilRatings, Eyes Philippine Bond Market Growth
Moody's Corporation has finalized its acquisition of a 19.99 percent stake in Philippine Rating Services Corp. (PhilRatings), anticipating that the Philippines' economic expansion and infrastructure needs will support bond issuance.
- GCash Parent Mynt Eyes Record-Breaking IPO in Philippines
Mynt Inc., the parent company of Philippine fintech giant GCash, is set to launch the country's largest-ever initial public offering (IPO), aiming to raise approximately P60.9 billion. Analysts recommend subscribing, citing strong growth potential in digital financial services and projected revenue and net income increases.
- Lapu-Lapu City Partners with PPP Center for Project Development
The PPP Center of the Philippines has signed a memorandum of agreement with Lapu-Lapu City to enhance its capacity for implementing public-private partnership (PPP) projects. This partnership aims to accelerate infrastructure development and public service delivery through PPPs in the city.