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The National Economic and Development Authority (Neda) said the Philippines’s GDP growth can exceed 8 percent by 2028 if the proposed Charter change (Cha-cha) pushes through. Socioeconomic Planning Secretary Arsenio M. Balisacan made the pronouncement more than a week after Pulse Asia released the results of its survey which showed…
THE Hong Kong and Shanghai Banking Corp. (HSBC) committed new investments in the country during a courtesy meeting with President Ferdinand R. Marcos, Jr. last Thursday. In his discussion with the President, HSBC Holdings Plc Group Chairman Mark Tucker said they will be expanding their operations in the country. “Today,…
THE Cabinet-level Development Budget and Coordination Committee (DBCC) cut its gross domestic product (GDP) growth target for the Philippine economy this year to 6.0 to 7.0 percent from its 6.5 to 7.5 percent outlook. DBCC member and Socioeconomic Planning Secretary Arsenio Balisacan announced in a Malacañang press briefing on Thursday…
WHILE the lower growth targets may reduce the government’s revenues for the year, the Marcos administration remains confident it can still boost tax collection this year. Socioeconomic Planning Secretary Arsenio Balisacan said the lower growth targets set by the Development and Budget Coordination Committee (DBCC) will affect the collection of…
THE Cebu Port Authority (CPA) has condemned the Cebu City Government for blocking the entrance to its port extension project. In an official statement issued on Tuesday, April 2, 2024, the CPA said the City defied the writ of injunction issued in favor of the CPA when it forcibly entered port premises, which are outside its territorial jurisdiction.