While amending the economic provisions in the 1987 Constitution will attract more foreign investments, its impact on the country’s economy won’t be felt immediately, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday, April 4. NEDA Secretary Arsenio...
The government’s revenue collections will be impacted by the downward revision of the gross domestic product (GDP) but should be offset by improvement in their tax administration, according to National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan. During a Malacañang...
Removing the restrictive economic provisions in the Constitution would help alleviate inflation and enhance real wages for Filipino workers, according to a former finance chief. As concerns about workers' compensation and job availability top the list of priorities for Filipinos, former Finance...
Senators on Wednesday, April 3 urged the Manila Economic and Cultural Office (MECO) and the Department of Migrant Workers (DMW) to provide all the necessary assistance to Filipinos affected by the magnitude 7.5 earthquake in Taiwan. Sen. Sherwin Gatchalian said it is imperative for the DMW to...
President Marcos has designated several parcels of land in Pasig City and Cavite as special economic zones. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA/Yummie Dingding) Marcos issued two separate proclamations on April 1 for the establishment of economic zones in the cities of...
Majority of Filipinos are in favor of lifting restrictions on foreign investments and businesses in the Constitution, as this change could result in an increase in high-quality job opportunities, a survey showed. In a recent Pulse Asia survey commissioned by international think tank Stratbase...
No Filipinos were hurt or badly affected when a 7.5 magnitude quake hit Taiwan on Wednesday morning, April 3, the Manila Economic and Cultural Office (MECO) said. MECO chairman and resident representative Silvestro Bello III said they immediately intensified the monitoring and information...
The results of the recent Pulse Asia survey that show a huge number of respondents thumbing down the proposed amendments to the 1987 Constitution is enough reason not to expedite the passage of any pending Charter change proposal, senators said. “This survey is a true eye-opener at kaya...
Senate is definitely on track in crafting new rules that would allow it to either approve or reject measures to amend the 1987 Constitution. Senate Majority Leader Joel Villanueva made the assurance on Tuesday, March 26, referring to the Resolution of Both Houses (RBH) No. 6 that is pending...
The country’s socioeconomic planning agency remains positive that the Philippines will become an upper middle-income economy by next year. National Economic and Development Authority Arsenio M. Balisacan said that the country remains on track to achieving an upper middle-income status in 2025...
China is protesting the alleged “trespassing” of Philippine resupply vessels in the Ayungin (Second Thomas) Shoal, adding that its response of using a water cannon during the incident was “reasonable” and “professional.” In a statement on Monday, March 25, the Chinese Embassy in...
China said Saturday, March 23, that the Philippines was attempting to transport construction materials to its grounded ship in the West Philippine Sea, that was why the Chinese coast guard had to attack Filipino troops. Gan Yu, spokesman for China’s Coast Guard (CCG), in a statement said the...
