The Philippines’ plan to temper spending on public goods and services in a bid to narrow its budget deficit to pre-pandemic levels may slow economic growth, according to the think tank Capital Economics. “Monetary easing across the region should support consumption and investment, but tighter...
While the share of the Philippine government's budget deficit and debt to the economy are going down and "stabilizing," respectively, the ASEAN+3 Macroeconomic Research Office (AMRO) is urging fiscal authorities across the region to remain prudent in spending on public goods and services as a...
US President Donald J. Trump's protectionist policies remain the top risk to Philippine economic prospects this year, according to the think tank Capital Economics. "A key uncertainty over the coming year is whether and to what extent Donald Trump follows through with his threats to impose tariffs...
Soaring interest payments, especially for debts that piled up to fight the Covid-19 pandemic, may slow down fiscal consolidation or budget-deficit reduction in the Philippines, according to the think tank Oxford Economics. "Because government deficits have ballooned quickly in the last few years, a...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) President Marcos has proven himself to be a "very sensitive" and "attentive" leader, and one who listens. House Speaker Martin Romualdez gave this...
House Speaker Martin Romualdez (left), a traditional jeepney (Speaker’s office, MANILA BULLETIN) House Speaker Martin Romualdez candidly shared his fond memories of the traditonal jeepneys growing up during an impromptu dialogue with drivers on...
What will happen on February 1, when public utility vehicles (PUVs) that did not consolidate will no longer be allowed to operate? Transportation officials said there will be random checks to ensure that jeepneys plying the roads are consolidated while sanctions will be imposed to those that would...
Antipolo City 2nd Rep. Romeo Acop (Facebook) The House Committee on Transportation intends to approve a resolution asking President Marcos to reconsider the already lapsed deadline for the consolidation of jeepney drivers under the government’s...
The decision of President Marcos not to extend the consolidation of public utility vehicles (PUVs) was supported by the "majority" of PUV operators, a transport official said. In a statement released by the Presidential Communications Office (PCO), Office of Transport Cooperatives (OTC) Chairman...
At least three jeepney groups composed of hundreds of operators and drivers trooped to the Office of Transportation Cooperatives (OTC) in Quezon City on the last day of the franchise consolidation for the implementation of the Public Utility Vehicle Modernization Program (PUVMP) on New Year's Eve,...
For Kabataan Party-list Rep. Raoul Manuel, President Marcos has left out in the cold those who will be adversely affected by the decision to keep the Dec. 31 deadline for the consolidation of public utility vehicles (PUVs) in the country. ...
