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The Economic Scene

CIAC seeks investors for over P34-B flagship projects

The Clark International Airport Corp. (CIAC) is seeking investors for its PHP34 billion worth of flagship projects. CIAC president and chief executive officer Arrey Perez, in a briefing on Monday, said the government-owned and controlled corporation (GOCC) has lined up

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Supply shocks may derail 2024 inflation target

Metro Manila (CNN Philippines, January 20) — The government’s baseline inflation forecast for this year could be derailed by supply shocks, particularly surrounding rice, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said Saturday. “Our baseline forecast for inflation for

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Skilled labor shortage threatens housing

The labor shortage that caused delays in the Duterte administration’s infrastructure program continues to persist under the current administration. Despite the challenges, the country’s chief socioeconomic planner views it as a potential indicator of improving labor market conditions and rising

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BBM says Maharlika Fund pushes through

19 October 2023. – President Ferdinand “Bongbong” Marcos Jr. on Thursday said that the Maharlika Investment Fund (MIF) will push through. In a speech before flying to Saudi Arabia, Marcos said he was “a bit alarmed” about reports that the

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PH economic growth rate slows down to 4.3%

The growth of the Philippine economy slowed to 4.3 percent in the second quarter of the year, from the 6.4 percent expansion in the first quarter, the Philippine Statistics Authority (PSA) reported on Thursday. In a briefing, National Statistician Dennis

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