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The Philippine economy has to expand by more than six percent every year until 2028 to ensure that the government can repay the debts piled up by the Duterte administration during the COVID pandemic. ....
The economy has retrieved part of the investments it lost at the height of the lockdowns, but has a long way to go in recovering the capital inflows it was maintaining before the pandemic. ....
The Department of Finance is urging Congress to pass the real property valuation reform to provide local governments with additional revenues that they can raise on their own. ....
The Department of Finance expects job creation and wage offers to improve moving forward, as the passage of amendments to economic laws are seen enticing new investors into the Philippines. ....
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