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Louella Desiderio
Louella Desiderio
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ADB hikes Philippines health care loan to $750 million
by Louella Desiderio - August 13, 2026 - 12:00am
The Asian Development Bank has increased the loan for a program aimed at expanding universal health care in the country by $250 million, bringing the total financing to $750 million.
SEIPI turns bullish on electronics exports
by Louella Desiderio - August 10, 2026 - 12:00am
The umbrella group of electronics and semiconductor firms in the country now expects electronics exports to grow by 10 percent this year, driven by artificial intelligence (AI) and data centers.
Business groups want anti-China casket stunt probed
by Louella Desiderio - August 10, 2026 - 12:00am
Business groups condemned the recent use of caskets displaying anti-communist and anti-China messages and called for the conduct of swift investigation as it warned of possible negative effects on investments, trade...
BCDA sets 30-year development plan for Pax Silica AI hub
by Louella Desiderio - August 9, 2026 - 12:00am
The Bases Conversion and Development Authority expects the full development of the Pax Silica artificial intelligence (AI) hub in New Clark City in 30 years starting 2028.
Factory output posts faster growth in June
by Louella Desiderio - August 9, 2026 - 12:00am
Philippine manufacturing output registered a faster growth rate in June from the previous month, driven by higher production of petroleum products and food items, according to the Philippine Statistics Aut...
Toyota on track to hit 3 million sales target this year
by Louella Desiderio - August 7, 2026 - 12:00am
Leading automotive firm Toyota Motor Philippines Corp. is optimistic that cumulative sales will breach the three-million mark this year amid improving market conditions.
Q1 GDP growth maintained at 2.8%
by Louella Desiderio - August 7, 2026 - 12:00am
The country’s economic growth rate was kept at 2.8 percent in the first quarter, but upward revisions were made in some sectors, according to the Philippine Statistics Authority (PSA).
Jobless rate rises to 4.9% in June
by Louella Desiderio - August 7, 2026 - 12:00am
Unemployment went up in June as more Filipinos entered the workforce, but not enough jobs were available to absorb them, according to data from the Philippine Statistics Authority. In a press conference, National...
Inflation slows to 6.2% in July
by Louella Desiderio - August 6, 2026 - 12:00am
 Inflation eased for the third straight month in July, driven by the slower increase in transport costs, according to the Philippine Statistics Authority.
Philippines, Canada to hold next FTA talks in September
by Louella Desiderio - August 5, 2026 - 12:00am
The Philippines and Canada, which are set to hold the next round of free trade agreement talks next month, are on track to conclude negotiations within the year.
Foreign biz groups want stronger tax enforcement
by Louella Desiderio - August 5, 2026 - 12:00am
Foreign business groups are urging the government to focus on the enforcement of tax and revenue measures and ensure that new fiscal policies promote competitiveness following President Marcos’ push for...
Honda sees 13% growth in Philippines motorcycle sales
by Louella Desiderio - August 4, 2026 - 12:00am
Motorcycle manufacturer Honda Philippines Inc. is aiming to post a 13 percent growth in sales this year amid strong demand for practical transport options.
World Bank lowers Philippines growth outlook
by Louella Desiderio - August 4, 2026 - 12:00am
The World Bank kept its Philippine economic growth forecast for the year, but lowered the projections for next year and 2028 amid an uncertain global environment.
Factories crank up production in July
by Louella Desiderio - August 4, 2026 - 12:00am
The Philippine manufacturing sector expanded at its fastest pace in five months in July amid stronger demand.
Uniqlo dresses up for Philippine expansion
by Louella Desiderio - August 3, 2026 - 12:00am
Japanese retail giant Uniqlo remains confident in the Philippine market and plans to continue expanding through new store openings despite high fuel and commodity prices.
PCCI backs removal of system loss charge, power VAT, but…
by Louella Desiderio - August 3, 2026 - 12:00am
The country’s largest business organization supports the removal of systems loss charges and value-added tax (VAT) on electricity, noting these would reduce power costs for households and industries.
BYD Cars Philippines sees continued growth in electrified vehicles
by Louella Desiderio - August 2, 2026 - 12:00am
BYD Cars Philippines Inc. expects to see continued growth in electrified vehicles in the country, but noted that government support is needed forfaster charging infrastructure rollout.
Business group backs Pax Silica initiative
by Louella Desiderio - August 2, 2026 - 12:00am
Business group Management Association of the Philippines expressed support for the Pax Silica initiative, which is expected to open the economic opportunities for the country, but cited the need for safeguards...
FTAs seen driving Philippines, India trade to $10 billion
by Louella Desiderio - August 2, 2026 - 12:00am
Bilateral trade between India and the Philippines could hit $10 billion in the next five to six years through opportunities from free trade agreements.
World Bank OKs $269 million water, sanitation project
by Louella Desiderio - August 2, 2026 - 12:00am
The World Bank has approved a $268.62-million project aimed at expanding access to safe water and sanitation in island provinces in the Philippines.
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