President Marcos said he would not meddle in talks about amending the 1987 Constitution but urged the public to let the debates on reforms continue as the development of the country is directly involved in the discussion. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate/File) Marcos said...
A study by the National Economic and Development Authority (NEDA) has raised the need for a comprehensive telecommunications sector overhaul to address the negative effects of costly and slow Internet connectivity on the country's digital economy. In a policy note, the NEDA revealed that the...
The Senate will merely focus on the proposed amendments on the economic provisions of the Constitution and nothing else when they start tackling the Resolution of Both Houses No. 6 on Monday, February 5, senators said. Sen. Juan Edgardo “Sonny” Angara said that what the Senate will do is...
Another round of hefty price hikes will deepen hole in the consumers’ pockets next week, with diesel rising by more than P1.00 per liter, based on the initial estimates of the oil companies. According to the industry players, the price increase for diesel products may range from P1.45 to P1.95...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives expects the Senate to stand by its word and approve Resolution of Both Houses (RBH) Ho. 6 by March to accelerate the proposed amendments to the economic provisions of...
Senators on Wednesday, January 31 renewed the push for the creation of a special economic zone in the province of Bulacan. Senate President Juan Miguel “Migz” Zubiri said he believes the creation of the Bualacan Airport City Special Economic Zone and Freeport Authority (BACSEZFA) would entice...
Amid the going political feud in the country, one of President Marcos’ economic managers has taken a cautious stance, refraining from commenting on the potential economic implications of the ongoing discord. “Let’s focus on the economy,” advised National Economic and Development Authority...
The country’s economic growth fell short of the government's target last year, largely due to higher consumer prices that discouraged spending, data from the Philippine Statistics Authority (PSA) showed. The economy, as measured by the gross domestic product (GDP), expanded by 5.6 percent from...
Consumers are in no luck this week as they will need to bear the brunt of massive oil price hikes at the domestic pumps - with gasoline prices rising by hefty P2.80 per liter, based on the pricing advisories of the oil companies. For diesel products, the oil companies announced that the price...
Once the Bataan-Cavite Interlink Bridge (BCIB) is completed, the private sector may assume complete responsibility for its operations and maintenance, including any outstanding debt, the National Economic and Development Authority (NEDA) said. NEDA Secretary Arsenio M. Balisacan said the government...
(Unsplash) The shorter the lawmakers' debates on Charter change (Cha-cha), the better for the confidence of investors who plan to take a chance on the Philippines. Thus, said economist-solon Albay 2nd district Rep. Joey Salceda, even as he agreed with...
Financial torture will strike at consumers’ pockets again next week, as big-ticket price hikes are looming at the domestic petroleum pumps, based on the calculation of the oil companies. As reckoned from the outcome of five-day trading in the regional market, the anticipated heftiest price hike...
