‘Floodgate’ fallout reshapes BSP’s forecast
Economists, government agencies, and the central bank attributed the shortfall largely to the fallout from the ongoing flood control infrastructure scandal.
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Daily TribuneTopic
Economists, government agencies, and the central bank attributed the shortfall largely to the fallout from the ongoing flood control infrastructure scandal.
· 3 min read
Debt service for interest and principal is automatically appropriated, meaning it doesn’t require annual congressional approval and takes priority.
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A combination of geopolitical tensions, supply expectations, inventory movements and market sentiment shaped global oil prices.
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Cash remittances from overseas Filipinos (OFs) reached a record high of $35.63 billion in 2025, equivalent to about P2.07 trillion at current exchange rates,…
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“Very good.”
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Anomalous flood control project disbursements shaved about 0.3 percentage points off gross domestic product (GDP) growth, according to Bangko Sentral ng…
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‘The country cannot remain overly reliant on a narrow set of growth drivers such as consumption and government spending. Even if public expenditure normalizes…
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The Philippine Stock Exchange Index (PSEi) opened the week lower, closing Monday at 6,297.08, down 0.50 percent, as concerns over the economy’s momentum…
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The central bank’s reassessment came after the Philippine Statistics Authority reported that full-year GDP growth for 2025 settled at 4.4 percent,…
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She cited instances in which payments for most infrastructure contracts, not just flood control, were frozen.
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‘The monthly uptick was mainly driven by higher fish and rice prices, alongside elevated global oil prices and LPG rate hikes.’
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The utterly deflating 4.4 percent growth for the entire 2025 was blamed on the massive slash in public infrastructure spending, as many big-ticket projects…
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What makes the fourth-quarter GDP growth special, however, is that it does capture the effects of issues that are primary and growing in the voters’ collective…
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CEBU CITY — The Philippines has emerged as one of the Association of Southeast Asian Nations’ (ASEAN) strongest tourism economies, ranking among the region’s…
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The Philippines would have met its economic growth target in 2025 if not for the flood control corruption scandal, according to Department of Economy,…
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Nanawagan si Senador Loren Legarda ng masusing pagsusuri sa paraan ng paglago ng bansa matapos lumabas ang datos ng ekonomiya na nagpapakita ng paghina ng…
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Senator Loren Legarda called for a reassessment of the country’s growth strategy following the latest economic data showing a slowdown in expansion.…
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The Philippine Stock Exchange Index (PSEi) took a nosedive on Thursday, dropping 2.08 percent to 6,223.36, as investors reacted to a disappointing Q4 and…
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