ECCP at Work

Philippine economy now at a ‘sweet spot’ — BSP

The Philippine economy now sits at a “sweet spot” as inflation remains benign while the country’s banking sector and external position are strong, the Bangko Sentral ng Pilipinas (BSP) said.

Factory activity growth slows in Aug.

Philippine manufacturing activity expanded in August but at its slowest pace in two months amid a muted rise in output and new orders as the higher US tariffs took effect.

DA blacklist grows as P3.78 billion smuggled farm goods seized

The Department of Agriculture (DA) yesterday said seizures of smuggled farm and fishery goods have reached P3.78 billion over the past 17 months, with 20 importers now blacklisted under Agriculture Secretary Francisco Tiu Laurel Jr.

DOTr clears runway for four major airports’ upgrade

The Department of Transportation (DOTr) is set to open bids this month for four major airport development projects worth a combined P962 million, aimed at upgrading runways and airside facilities across key regional hubs.

Budget gap to narrow to  3.1% of GDP by 2030

The country’s budget deficit as a share of the overall economy is seen to narrow to 3.1 percent by 2030, according to the country’s economic manager.

‘BSP has room for one more policy rate cut’

Analysts expect the Bangko Sentral ng Pilipinas (BSP) to deliver one more rate cut this year after the Monetary Board trimmed its policy rate by another 25 basis points (bps) to five percent last week.

PEZA reclassifies economic zone in Pampanga for new sectors

The Philippine Economic Zone Authority has reclassified its tourism economic zone in the province of Pampanga as a mixed-use special economic zone to accommodate additional businesses, including agro-industrial and information technology enterprises.

BSP stays ban on licensing of VASPs, crypto traders

The moratorium for the granting of licenses for virtual asset service providers (VASPs) was extended indefinitely by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP).

PPP projects under implementation reach ₱3.58 trillion

The value of public-private partnership (PPP) projects already under implementation has reached P3.58 trillion as of August 1, according to figures presented at the Senate national budget briefing on Monday. Data from the PPP Center showed that 255 projects are currently in the implementation stage.

ERC unveils draft rules for power reserve procurement

The Energy Regulatory Commission (ERC) said it drafted rules for the National Grid Corp. of the Philippines (NGCP) to follow in procuring reserve power.

DTI P14-B budget pitch cites need to expand investment promotion

The Department of Trade and Industry (DTI) said it hopes to obtain an additional P2 billion for its 2026 budget, citing the need for more investment promotion and industry support.