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MANILA, Philippines – Foreign business groups said the Philippines’ first data privacy law remains a “piece of paper” after nearly three years of its passing.

Don’t worry, Philippine economic managers are saying if the dollar turns stronger in tandem with the US economic recovery. There is an ample supply of the greenback to absorb external shocks while the peso’s weakness – eventually – bodes well for the economy.

After the euphoria-inducing investment-grade rating given to the Philippines during the Lenten break, a string of not-so-good news has hit the economic front. Foreign direct investments—or money that goes into productive undertakings like tourism, agriculture, or industrial projects—registered a net inflow of $576 million in January, down by nearly half from $1.05 billion posted in…

Imagine this scenario:  The only child of two aging and sickly parents faces deep pressure to provide for all their needs since there are no siblings to help carry the burden.

Widespread corruption, not only in government but also in the business sector, is a stumbling block that keeps the economy from growing, business leaders and analysts said at the 1st Integrity Summit Wednesday.

A study by the Asian Development Bank found that the Philippines has one of the highest tax rates in Asia, but the country’s untaxed underground economy is also among the largest in the world.

Prices of commodities including petroleum are beginning to spike upward again, which could derail global economic recovery and affect growth in the Philippines, according to economists.

THE Philippine economy may go through a ”slow recovery” in the third quarter, according to the National Statistical Coordination Board (NSCB), as its composite leading economic index (LEI) slid further into negative territory. Citing a moderate decline in its LEI, the agency said the indicator slipped to negative 0.425 in the third quarter from a…

MANILA, Philippines – Defense Secretary Gilbert “Gibo” Teodoro outlined his roadmap for the country’s sustained economic growth anchored on lasting peace specifically in southern Philippines.

WASHINGTON – The Philippines is 114th among 144 countries in the world rated for their state of peace in the face of global recession and growing political instability.