The Philippine Economic Society (PES) was established in August 1962 as a nonstock, nonprofit professional organization of ECONOMISTS.

Over the years, the Society has served as one of the strongest networks of economists in the academe, government, and business sector.

Recognized in the international community of professional economic associations and a founding member of the Federation of Asean Economic Associations (FAEA), the PES is truly a significant national and international institution.

The PES continuously provides a venue for open and free discussions of a wide range of policy issues through its conferences and symposia.

Through its journal, the Philippine Review of Economics (PRE), which it jointly publishes with the UP School of Economics, the Society performs a major role in improving the standard of economic research in the country and in disseminating new research findings.