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A RETAIL executive encouraged retailers to re-strategize the way they do business to cope with inflation. 

In its report “Overcoming Poverty and Inequality in the Philippines: Past, Present, and Prospects for the Future” released Thursday, the World Bank said that poverty rate in the Philippines fell by two-thirds in the past three decades —from 49.2% in 1985 to 16.7% in 2018— “driven by high growth rates and the expansion of jobs outside agriculture.”

MANILA — The Philippine digital economy is projected to reach $20 billion (P1.1 trillion) by the end of 2022, an economic report on Southeast Asia said.

MANILA — The Philippines' population agency has said that the increasing number of employable Filipinos can boost the nation's economy - which is still reeling from the effects of COVID-19 lockdowns - if they are "Fully maximized and harnessed."

The Philippines is the fastest growing digital investments in Southeast Asia and its digital economy is expected to reach $35 billion by 2025 and possibly $100 billion-$150 billion by 2030, according to the latest e-Conomy SEA Report.

The Philippines will not go into recession, the country's top economic manager said Wednesday.

Marcos Jr. concludes a successful trip to Thailand for his first Asia-Pacific Economic Cooperation (APEC) Summit.

“Revenge spending” is expected to keep the Philippines’ economy growing in the near term, but this boost will soon dissipate as it eats up on savings and high interest rates take a toll on demand.

MANILA, Philippines - President Ferdinand Marcos Jr. said the ballooning inflation rate in the country "Is still of great concern," noting that his administration remains "Very conscious" of the Filipinos' cost of living.

The consumer price index climbed 7.7 percent in October from a year earlier, the fastest rise since December 2008, driven by price gains in key commodity groups, particularly food and non-alcoholic beverages.

MANILA, Philippines - The value of the country's digital economy rose eight percent in 2021 from a year ago as digital adoption continued amid the pandemic.

In conjunction with the World Bank's Fall Meeting this week, the International Monetary Fund (IMF) published its October update to its global economic forecast for 2023, and the outlook is not encouraging.

Marcos campaigned on a unity platform, pledging to heal the divides of a deeply polarized Philippines. Marcos presents no plan for economic engagement; however, his emphasis on improving ease of business in the Philippines and passion for infrastructure suggest that his international economic engagement strategy will likely build off the Duterte administration's approach, albeit without the colorful language.

Half of the aerial view image shows Makati City - lusciously green, evenly-spaced houses, and visible roads.

MANILA — The Philippine economy grew 5.6% in the first quarter of 2019, missing the government's target as a budget impasse at the start of the year weighed on the country's overall output.