Malacañang has trumpeted the indicators of the Philippines' strong economic performance amid its recent successes against the coronavirus disease (COVID-19). (Shivendu Shukla/ Unsplash) In a recent virtual press conference, Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles...
A total of 51 agriculture groups – composed of farmers, fishers, and producers – have joined forces to sign a petition against the mega trade deal, Regional Comprehensive Economic Partnership (RCEP). The groups think the deal will result in further “import surges, price depressions, and...
The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
The Manila-based Asian Development Bank (ADB) has raised its economic growth outlook for the Philippines due to improving coronavirus (COVID-19) situation and the acceleration in the government’s inoculation program. Based on the supplement to the Asian Development Outlook (ADO) 2021 on Tuesday,...
A coalition of nearly a hundred agricultural organizations based across different parts of the country has made an appeal to the senate to delay its concurrence to the Regional Comprehensive Economic Partnership (RCEP). In a statement, Bayanihan sa Agrikultura said “the country will never gain...
The World Bank has approved a fresh $600 million loan that aims to support the Philippines’ economic recovery from the coronavirus pandemic. In a statement, the Washington-based multilateral institution said it approved the financing for the government’s reform program to position the country...
The World Bank said the Philippines is facing weaker long-term growth due to lower capital investment as well as loss of human and intangible capital. Without mitigation measures, the Washington-based multilateral institution warned that the country’s long-term growth potential will be only at...
A group of farmers has threatened not to support re-electionist senators if they will not junk the Regional Comprehensive Economic Partnership (RCEP), a mega trade deal. In a statement, the Federation of Free Farmers (FFF) urged the Senate to reject the RCEP trade agreement when it is presented for...
The National Economic and Development Authority (NEDA) bared the government’s reproductive health and family planning programs at the International Inter-Ministerial Conference on Population and Development. Speaking before foreign ministers and senior government officials, Socioeconomic Planning...
Government economic managers are on higher alert with the COVID-19 Omicron scare to curtail its possible impact on growth, lockdowns to contain transmission, and other collateral damage to the economy. The Department of Finance (DOF) was first to call for an effective method to minimize the...
Experts said the Philippines' trade relations with the European Union (EU) is crucial as it navigates the challenges of recovering economically from the coronavirus pandemic. (Photo courtesy of the European Union in the Philippines Facebook Page) During the Pilipinas Conference 2021 on Nov. 23, Dr....
South Korean firms have invested P53.982 billion, generated $1.095 billion and provided 42,675 jobs to Filipinos in various economic zones in the country to date, according to the Philippine Economic Zone Authority (PEZA). PEZA Director General Charito “Ching” Plaza revealed this as she...
