The Fiscal Incentives Review Board (FIRB) revealed that the Philippine Economic Zone Authority (PEZA) is not tracking the inflow of actual investments made by its registered business enterprises (RBEs). In a statement, Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said PEZA...
President Duterte has expressed his gratitude to Japan for its love for the Philippines and for assisting the country in its economic development as if it was part of the Japanese archipelago. President Duterte witnesses the lowering of the Tunnel Boring Machine (TBM) of the country's first-ever...
For Albay 2nd district Rep. Joey Salceda, the next Department of Agriculture (DA) secretary will be the "most important part of the country’s economic team". Albay 2nd district Rep. Joey Salceda (File photo/ MANILA BULLETIN) Salceda, the House Committee on Ways and Means chairman, made this...
The Philippines and the United Arab Emirates (UAE) signed an investment promotion and protection agreement (IPPA) this week to boost bilateral investments between the two countries, the Department of Foreign Affairs (DFA) said. Philippine Ambassador to the United Arab Emirates Hjayceelyn Quintana,...
Climate change adaptation and mitigation needs to be placed at the heart of socioeconomic planning for the country to achieve its 2040 vision of eradicating extreme poverty, the National Economic and Development Authority (NEDA) said. At the recent Philippine Environment Science Summit 2022,...
Outgoing Vice President Leni Robredo has expressed her gratitude to Israel Ambassador to the Philippines Ilan Fluss for the signing of agreements that will enhance the economic cooperation between the two nations. Vice President Leni Robredo shakes the hand of Israel Ambassador to the Philippines...
Vice President-elect and Davao City Mayor Sara Duterte on Wednesday, June 8, commended China’s role in the Philippines’ recovery efforts especially during the Covid-19 pandemic that battered most sectors and industries. Vice President-elect Sara Duterte (Photo from Lakas-CMD Media) In a speech...
The National Commission on Indigenous Peoples (NCIP) and the Philippine Economic Zone Authority (PEZA) signed a memorandum of agreement (MOA) on June 3 to promote the creation of special economic zones in ancestral lands. National Commission on Indigenous Peoples website The MOA signing was...
The Philippine economy is poised to grow at a much slower pace than government’s target this year due to intensifying global uncertainties, the World Bank said on Wednesday, June 8. Based on World Bank’s Philippine Economic Update June 2022 edition, the Washington-based lender projected that...
Despite a strong campaign being mounted by the government and private business organizations, the Senate was still unable in its second attempt to concur with the ratification of mega trade deal Regional Comprehensive Economic Partnership (RCEP). Given also the strong opposition from the...
President-elect Bongbong Marcos appeared to mean business here in this photo where he is seen meeting his economic team led by incoming Department of Finance (DOF) Secretary Benjamin Diokno. (BBM Media Office) The meeting took place Monday, June 6 at the BBM headquarters in Mandaluyong City. Also...
The Department of Foreign Affairs (DFA) said Saturday, June 4, it will continue providing assistance to Filipinos in Sri Lanka amid the ongoing economic crisis in the country. While assistance is ongoing, DFA clarified there is no urgent need to have a rapid response team there. This came after DFA...
