The Philippine Creatives Industry Development Act lapsed into law last July 27, and is now known as Republic Act (RA) 11904. House Special Committee on Creative Industry And Performing Arts chairman and Pangasinan Rep. De Venecia (Photo from House of Representatives Media/MANILA BULLETIN) “This...
Senator Christopher “Bong” Go on Friday, June 3 said the incoming Marcos administration should pursue the “Balik Probinsya” program in order to accelerate regional development so that more Filipinos living in rural areas can enjoy greater economic opportunities in the long run. Go is...
The National Economic and Development Authority (NEDA) said the government is finalizing a list of flagship projects worth P15 trillion that will be up for President Marcos’ approval next month. During the Makati Business forum on Thursday, Feb. 23, NEDA Secretary Arsenio...
The National Economic and Development (NEDA) expects slower growth for next year due to substantial external and internal headwinds. Socioeconomic Planning Secretary Arsenio M. Balisacan said the economy would likely grow above seven percent this year, but it is expected to expand at a much slower...
Department of Social Welfare and Development (DSWD) Undersecretary Vilma Cabrera, as the Philippine Senior Officials Meeting on Social Welfare and Development (SOMSWD) Leader, chairs the ASEAN Inter-Sectoral Consultation to enhance the Regional Guidance on Strengthening the Role of Social Work and...
Senator Jinggoy Estrada on Tuesday, February 21 said the Optical Media Board (OMB) has outlived its purpose and would best be abolished. Estrada made the statement as he filed Senate Bill No. 1904, which calls for its abolition. “The significant technological advancements in the media landscape...
The local stock market bounced after sliding for three days as investors started looking for bargains. The main index rose by 56.84 points or 0.84 percent to close at 6,800.96 as Banks led the advance although the Services sector lagged behind. However, volume remained anemic at 611 million shares...
The National Innovation Council (NIC) approved several project proposals geared towards developing “innovative solutions,” the National Economic and Development Authority (NEDA) said. In a briefing, NEDA Secretary Arsenio M. Balisacan said the 25-member council chaired by President Marcos...
The National Economic and Development Authority (NEDA), the country’s macro-economic policy planning agency, stressed that the Philippines has no choice but to ratify the Regional Comprehensive Economic Partnership (RCEP), while big businesses believe on the need to expose domestic industries to...
The local stock market continued to weaken as investors wait for the Federal Reserve’s meeting on Thursday. The main index dropped 34.90 points or 0.52 percent to close at 6,744.12 as the Mining and Oil sector led all indices lower. Volume shrank to 483 million shares worth P3.3 billion as losers...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 38 percent growth in consolidated net income to P30.1 billion last year from P21.8 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said the improvement is supported by...
The local stock market fell below the 6,800 support level on renewed concerns over inflation and interest rates. The main index lost 36.89 points or 0.54 percent to close at 6,779.02 as the Property sector led the retreat although the Services and Mining counters managed to advance. Volume was low...
