PSA revises data The country’s economic contracted deeper than initial estimated in the second-quarter of the year, the Philippine Statistics Authority (PSA) announced. Based on the latest PSA report, the local economy, as measured by its gross domestic product (GDP), declined by 16.9 percent in...
The Bangko Sentral ng Pilipinas (BSP) has adequate room to maintain the low interest rate environment despite the uptick in inflation last October, the Department of Finance (DOF) said. In an economic bulletin, Finance Undersecretary Gil S. Beltran,...
The pork price and supply issue has gone haywire. Now, meat importers have petitioned the Committee on Tariff and Related Matters (CTRM) to reduce the most favored nation (MFN) duty on pork by at least 50 percent for the next five years in light of the high prices due to supply shortage brought...
Philippines and Japan have reaffirmed their joint commitment to steadily implement the government’s flagship infrastructure projects and other initiatives to further strengthen economic cooperation between the two...
The National Economic and Development Authority (NEDA) said registered business enterprises (RBEs) located in the economic zones of various investment promotion agencies (IPAs) led by the Philippine Economic Zone Authority (PEZA) have strong contributions to the domestic economy in terms of...
“Rice remains as the staple food of Filipinos. And there is no food that is used as widely as rice,” says Department of Trade and Industry Undersecretary Ruth B. Castelo on the Philippines being the sixth largest rice-consuming countries in the world. After over a year of enactment of the...
Despite the declining prices of locally produced palay, the Philippine government agencies are in full force to defend the Rice Tariffication Law (RTL), which allowed the unlimited entry of cheaper imported rice in the country. On Thursday (Oct. 8), four government agencies – the Department of...
Registered business enterprises (RBEs) of the Philippine Economic Zone Authority (PEZA) accounted for 94.5 percent of all exports of the country and also received most of the tax incentives of between P42.5 billion to P50.3 billion each year from 2016-2018, according to a cost benefit analysis...
The National Economic and Development Authority (NEDA) said the rural areas are minimally affected by the pandemic compared to larger cities like Metro Manila and Cebu....
Innovation in government is needed to recover and build resilience from the twin public health and economic crises, the National Economic and Development Authority (NEDA) said. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua Acting Socioeconomic Planning...
