Businesses are pessimistic about their operations in the short-term as sales revenue remained depressed despite the easing community quarantine, a survey commissioned by the government and World Bank revealed. Based on the results from the Philippines COVID-19 firm survey, business owners claimed...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation in September could be lower at 2.2 percent, lower than August’s actual 2.4 percent rate. According to Diokno, the BSP’s Department of Economic Research (DER) has projected range of a low of 1.8 percent for September...
Islamic banks and Muslim investors have expressed strong interest to invest in the Philippines for halal food production once the Philippine Economic Zone Authority (PEZA) has established these specialized economic zones. PEZA Director-General Charito B. Plaza (Photo credit from Corporate...
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...
Exports from the Authority of the Freeport Area of Bataan (AFAB), home to the country’s biggest leather goods manufacturers, declined by 23.69 percent following weak global demand that caused temporary closure of some firms and the retrenchment of at least 18,000 workers. AFAB Administrator...
A petition asking President Duterte to declare all public lands in Mindanao as economic zones is gathering steam to ensure progress and development in the country’s second largest island, but which hosts some of the poorest areas in the country, while the Mindanao-born president is still in...
