The targeted cash transfers for the poorest of the poor will help mitigate the impact of inflation on their lives, explained the National Economic and Development Authority after the Department of Budget and Management released the SARO for P4.1 billion.

Targeted subsidies to mitigate inflation impact

Manufacturing output slowed to its 11-month this July as demand for goods dropped because of higher prices from manufacturers and lower purchasing power of the peso.

Factory output dips to 11-month low with boiling inflation

DART partners up with Robinsons Supermarket for operational efficiencies and broader market coverage

DART to bank on 15-minute grocery delivery in the Philippines

The gross international reserves as of end-July dipped to $98 billion from $100.9 billion in the previous month, which the Bangko Sentral said is enough to service 8.3 months worth of imports of goods, payment of services and primary income.

GIR drops to $98-B in end-July

Socioeconomic Planning Secretary Arsenio Balisacan cited the need for interdisciplinary collaboration of science, technology and innovation for the economic growth of the country amidst global risks and challenges.

Science, technology and innovation to drive economic growth

Maybank Investment Banking Group lowered its growth forecast for the Philippines this year to 6.5 percent (from its January forecast of 7 percent), which is still within the target band of the government of 6.5 to 7.5 percent in 2022.

Maybank lowers Phl. growth forecast to 6.5% for 2022

After projecting so much positive targets, the government is now rushing to beat inflation, which in July reached its highest at 6.4 percent, owing to food and transport price hikes.

NEDA says govt. to ensure food security, reduce transport cost vs. inflation

Though the second quarter growth was slower than the first quarter, the country would still be on track to meet its full year growth of 6 to 7 percent this year, according to a think tank.

Q2 growth is slow than Q1

A vital export product of the country—electronics and semiconductors –might become unattractive if the government pushes through with its incentives rationalization plan under the CREATE law. Investors will just relocate to other Asian countries because of their competitive production costs.

SEIPI asks for review of incentives rationalization

The country's balance of payment deficit in June worsened to $1.6 billion, higher than the $312 million recorded for June 2021 because of outflows from repaying the foreign currency denominated debts of the National Government.

BOP deficit worsens at $1.6 billion in June 2022, GIR at $100.9 BILLION

Maybank lowers Phl. growth forecast to 6.5% for 2022.

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