Latest in infrastructure spendingInfrastructure spending has surged from 1 to 2% of GDP to 5% or more under the Marcos administration, representing the single biggest driver of the Philippines’ above-average economic growth of 5.8% over the past four years, Finance Undersecretary Joven Balbosa said Saturday. Balbosa made the…
The Philippine economy grew at an average of 5.8% annually over the past four years under President Ferdinand Marcos Jr., more than double the global average of 2.5% to 3%, Finance Secretary Frederick Go said Saturday. Go made the disclosure in an interview on DZRH News program Special on Saturday…
While the country’s attention has been consumed by rising fuel prices, an economist is arguing that the Philippines walked into the oil crisis already in the grip of a more damaging emergency—one that has been quietly dragging economic growth to some of its lowest levels in recent history, and…
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