The Philippine economy contracted for three straight quarters as consumer spending and business activity remained depressed owing to stringent quarantines imposed on key economic hubs to contain the spread of the coronavirus infections. Shoppers wearing protective masks shop for vegetables in...
EU yesterday strongly urged the Philippines to speed up economic reforms to improve its attractiveness to more foreign investors following the deep impact created by the COVID-19 pandemic and arrest the steep decline in bilateral trade. Nabil Francis, President of the EU Chamber of Commerce of the...
The Philippine Center for Postharvest Development and Mechanization (PHilMech) has assured of corruption-free and quality of rice farm equipment bought and distributed to rice farmers using the Rice Competitiveness Enhancement Fund (RCEF). (MB file, JJ Landingin) Its top official stressed there is...
The Department of Trade and Industry (DTI) is incentivizing local enterprises for them to adopt to digital technologies because while majority of enterprises are aware of the need to transform digitally many of them are facing various constraints, particularly the lack of capital. DTI...
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...
The Procurement Service of the Department of Budget and Management (PS-DBM) has called on local companies to participate in the government-wide purchase of medical supplies for the COVID-19 response. As part of government’s effort to help local enterprises during the pandemic, the PS-DBM said it...
The Department of Finance (DOF) has called on the Association of Southeast Asian Nations (ASEAN) to adopt a six-point action plan geared to enable the regional bloc to be more responsive to the new challenges posed by the pandemic. Finance Secretary Carlos G. Dominguez III (Bloomberg file photo)...
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...
