Philippines Unearths 'Hidden Gold' in Economic Growth
Economy

Philippines Unearths 'Hidden Gold' in Economic Growth

The Philippine economy is suggested to harbor factors akin to 'hidden gold,' not just in visible achievements but as a foundation for sustained growth. This points towards long-term development potential beyond mere temporary booms.

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  • Critics of National Budget Called Ignorant by Deputy Speaker, But Experts Say Otherwise

    A Philippine Deputy Speaker dismissed critics of the national budget as "ignorant." However, economic experts and civil society groups argue the budget prioritizes short-term political gains over sustainable development, citing concerns over cuts to foreign-assisted programs and stalled transparency legislation.

  • Economy group opposes cars on EDSA Busway

    The Management Association of the Philippines (MAP) strongly opposes the opening of the EDSA Busway to private cars, arguing it contradicts the project's mission to serve commuters. The group urges for more buses and stops instead.

  • Philippine Economy's Year-End Rebound May Be Dampened by Inflation - UA&P

    The Philippine economy is projected to rebound in the fourth quarter due to increased holiday spending and remittances from overseas workers. However, elevated inflation could temper this recovery, with third-quarter GDP growth estimated at around 2%, according to UA&P.

  • Philippine Agri Policy Drives Food Prices 20% Higher, OECD Says

    Philippine agricultural policies are keeping food prices above international averages, increasing consumer food bills by about 20%, according to an OECD report. It recommends increased investment in infrastructure, innovation, and risk management.