President Marcos’ economic team will work closely with Congress, the private sector, and civil society in a unified approach to economic recovery and long-term growth, the Department of Finance (DOF) said. At the Post-State of the Nation Address (SONA) Economic Briefing on Tuesday, July 26,...
The Marcos administration is aiming to raise Filipinos’ average earning to around P20,000 per month in two years, an income level that would propel the Philippines towards the much coveted upper-middle income status. From the current per capita income of $3,549 or roughly P197,692 at current...
President Ferdinand Marcos Jr. delivered on Monday, July 25, his first State of the Nation Address (SONA)—a speech that was 73 minutes long, and marked by 90 rounds of applause. House Speaker Martin Romualdez and Senate President Juan Miguel Zubiri applaud President Ferdinand Marcos Jr. as he...
As he recognized the need to address the setback caused by the Covid-19 pandemic and other forces and to prepare for future shocks, President Ferdinand "Bongbong" Marcos Jr. has bared his administration's plans to promote the country's economy. President Ferdinand 'Bongbong' Marcos Jr. delivers his...
Incoming Senate President Juan Miguel “Migz” Zubiri wants to hear about a legislative roadmap of the priority measures of the new administration, and government solutions to the rising inflation rate, cost of goods, Covid-19 cases, and ways to strengthen the economy in President Ferdinand...
BAGUIO CITY – Ilocos Sur governor Jerry Singson has called on local government units, individuals, even barangays and residents to enter entrepreneurship in tourism to help the province’s economic recovery program. Ilocos Sur Gov. Jerry Singson, together with provincial board members, made a...
Senator Francis “Chiz” Escudero has filed a bill that seeks to double the amount being received by some 1.8 million government employees as Personnel Economic Relief Allowance (PERA) to help them cope with the higher prices brought about by the Covid-19 pandemic and oil price hikes. In filing...
Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
The Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
The Department of Science and Technology’s flagship program, “Small Enterprise Technology Upgrading Program 4.0 (SETUP 4.0)” has been recognized by the United Nations Department of Economic and Social Affairs (UN DESA). Photo from DOST According to DOST, UN DESA published SETUP 4.0 as part of...
The ASEAN+3 Macroeconomic Research Office (AMRO) said the Marcos administration needs to expedite the pace of fiscal consolidation given the national government’s tight buffer to absorb future shocks. In AMRO’s Annual Consultation Report released on Wednesday, July 20, the think tank raised...
The National Economic and Development Authority (NEDA) said interdisciplinary coordination of three catalysts --Science, Technology, and Innovation (STI) -- will drive economic growth and address global risks and challenges. During the recent 44th Annual Scientific Meeting (ASM), NEDA’s response...
