Category: Economy
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Trabaho inaasahang dadami pa sa pagbuhay muli sa dating pasilidad ng Hanjin,
SUBIC BAY FREEPORT—Unti-unti nang bumabalik ang sigla ng industriya at ang paglago ng mga manggagawa sa dating Hanjin shipbuilding complex sa ilalim ng pangangasiwa ng Agila Subic Compass o “Agila Subic”. Ang 310-ektaryang dating Hanjin shipyard sa Redondo Peninsula ay muling nakausad na ngayon bilang multi-use facility shipbuilding logistics and storage services complex kung saan…
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Automated harvester vessel at technology training para sa mga mangingisda ng Zambales
ZAMBALES—Planong bumili ang pamahalaang panlalawigan dito ng isang automated harvester vessel na may kasamang mga ancillary boat para sa mga lokal na mangingisda upang palakasin ang kanilang kapasidad sa gitna ng kaganapang geopolitical sa West Philippine Sea (WPS). Sinabi ni Gobernador Hermogenes Ebdane Jr. na layunin ng pamahalaang panlalawigan na simulan ang modernisasyon ng lokal…
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PH to become $2-T economy by 2050
MANILA – The Philippines sustained its strong economic growth momentum and will likely become a USD2 trillion economy by 2050 barring external shocks, according to Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan. Speaking at the Philippine Economic Dialogue in Milan, Italy, on Tuesday, Balisacan presented the country’s robust economic performance, investor-friendly policies,…
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Central Luzon’s economy grows by 6.5 percent in 2024
PAMPANGA— Central Luzon’s economy registered a 6.5 percent growth rate in 2024, up from 6.1 percent in 2023. Philippine Statistics Authority (PSA) Regional Director Arlene Divino said the region contributed 0.7 percentage point to the country’s total economic growth of 5.7 percent and accounted for 11.1 percent of the national Gross Domestic Product. Construction stood…
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PCC at CLSU promotes genuine carabao leather products
SCIENCE CITY OF MUÑOZ — The Philippine Carabao Center at Central Luzon State University (PCC at CLSU) is promoting its genuine carabao leather products branded as “Cara Cuero.” PCC at CLSU Center Director Ericson Dela Cruz said they produce a variety of leather items made from carabao hide including jackets, belts, slippers, sandals, boots, top-sider…
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DTI intensifies rice price monitoring, vows swift action against violators
The Department of Trade and Industry (DTI) is at the forefront of intensified price monitoring, ensuring the available supply of regular and well-milled rice priced between P40 per kilo to P45 per kilo. “Rice is a staple for Filipino families, and we will not tolerate any attempts to exploit the public by manipulating its price,”…
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Central Luzon economy remains upbeat amid challenges
PAMPANGA — Central Luzon continues to showcase its economic resilience as the region’s Gross Regional Domestic Product (GRDP) grew by 6.1 percent or P2.3 trillion in 2023. Although lower than the 8.1 percent growth rate in 2022, National Economic and Development Authority (NEDA) Regional Director Nerrisa Esguerra said the latest data shows that the region…
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Foreign investment pledges more than tripled in Q2 2024
MANILA – Total foreign investment (FI) pledges approved in the second quarter of the year more than tripled to PHP189.50 billion from PHP59.09 billion in the same period in 2023. Data released by the Philippine Statistics Authority (PSA) on Thursday showed that these investment pledges were from six Investment Promotion Agencies – the Board of Investments,…
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MIC partnership with CIAC seen to boost Clark projects
CLARK FREEPORT ZONE –The Maharlika Investment Corporation (MIC) and the government aviation firm Clark International Airport Corporation (CIAC) on Friday signed a Memorandum of Understanding (MOU) at the Bonifacio Global City to explore investment opportunities for the CIAC’s major infrastructure and development projects in Clark. MIC President and Chief Executive Officer Rafael Consing, Jr. and CIAC…
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PEZA’s 7-month investment approvals create more jobs
MANILA – The approved investments at the Philippine Economic Zone Authority (PEZA) from January to July this year generated more jobs in ecozones than during the same period in 2023. The PEZA reported Friday that despite the lower number of projects and investment value approved by its Board of Directors in the first seven months…
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Infra projects, investments to generate thousands of jobs in Subic Freeport Zone
NEW CLARK CITY, Tarlac— The infrastructure projects and approved investments under the Marcos administration are expected to generate thousands of job opportunities in the Subic Bay Freeport Zone. This was stated by Subic Bay Metropolitan Authority (SBMA) Chairperson and Administrator Eduardo Jose Aliño during the Build Better More Infrastructure Forum of the Presidential Communications Office…
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Bulacan Eco Zone law to hasten C. Luzon, North NCR dev’t
MANILA – President Ferdinand Marcos Jr.’s decision to let the bill creating the Bulacan Special Economic Zone and Freeport lapse into law will speed up the economic development not only of Bulacan province but also of Central Luzon and other areas north of Metro Manila. The spread of economic progress in these parts of Luzon…
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Business confidence in CL remains upbeat in 2022
PAMPANGA (PIA) — Business confidence in Central Luzon remains optimistic in 2022. This as the Department of Trade and Industry (DTI) reported a total of 118,791 business name registrations (BNRs) from January to December. “The surge [in business name registration] means that more residents are venturing into entrepreneurship which could bring investments and generate more jobs…
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Inflation in Central Luzon climbs to 9.0% in Dec. 2022
CITY OF SAN FERNANDO, Pampanga – The inflation rate in Central Luzon continued to accelerate to 9.0 percent in December 2022 from 8.8 November 2022, based on the latest report of the Philippine Statistics Authority-Regional Statistical Services Office (PSA-RSSO) III. This is the highest inflation recorded in the region since December 2008. The region’s average…
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