The Philippine National News Agency reports that due to sharp fluctuations in global oil prices, Philippine economic authorities will hold a meeting next month to re-examine economic growth and fiscal targets. The report quoted Philippine Minister of Economic Planning, Arsenio Balisacan, as saying that the Development Budget Coordination Committee will probably hold a meeting after the release of GDP data for the first quarter in early May. He said that the Philippine economy is still recovering from the 2025 corruption scandal, and the oil price shock has further increased the downward pressure on the economy.
Zhitongcaijing · 2d ago
Share
Listen to the news
The Philippine National News Agency reports that due to sharp fluctuations in global oil prices, Philippine economic authorities will hold a meeting next month to re-examine economic growth and fiscal targets. The report quoted Philippine Minister of Economic Planning, Arsenio Balisacan, as saying that the Development Budget Coordination Committee will probably hold a meeting after the release of GDP data for the first quarter in early May. He said that the Philippine economy is still recovering from the 2025 corruption scandal, and the oil price shock has further increased the downward pressure on the economy.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending