The value of all ongoing foreign-assisted projects of the government increased by almost half last year after President Duterte augmented the country’s coronavirus response, the National Economic and Development Authority (NEDA) reported. In a statement, Socioeconomic Planning Secretary Karl...
The long-term economic cost of the coronavirus and the pandemic-induced lockdowns would be over three-times greater than the multi-trillion peso debt obligations of the government, the National Economic and Development Authority (NEDA) estimated. Socioeconomic Planning Secretary Karl Kendrick T....
The Senate has ratified the bicameral conference committee report on the bill that would open up the Philippines to more foreign investors. Senate of the Philippines plenary hall (Senate PRIB) Senators on Monday, September 20, approved the bicam report which reconciled the disagreeing provisions of...
The National Economic and Development Authority said the Philippines needs to invest at least a trillion pesos over the next nine years to ensure Filipinos have access to clean and reliable water supply. Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Thursday, Sept. 16, that the...
To further enhance the ease of doing business especially during this time of pandemic, the Philippine Economic Zone Authority(PEZA) has launched its online payment service for its clients. PEZA Director General Charito B. Plaza signed a memorandum of agreement with MyEG Philippines Inc. CEO Ann...
Opposition Senator Leila de Lima on Tuesday, Sept. 14 renewed her push for the Senate to investigate former presidential economic adviser Michael Yang’s alleged links to the illegal drug trade, especially now that he is the subject of its probe into the government’s procurement of supposed...
President Duterte's advisers have expressed their support for the legislation that would institutionalize the use of vaccine passports in international and domestic travel, both for essential and non-essential purposes. A health worker injects a dose COVID-19 vaccine to a woman. (Ali Vicoy/MANILA...
Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion underscored on Monday, Sept. 13 the high stakes in finding a way to "live with coronavirus disease (COVID-19)", which would in turn allow the resumption of economic activity. Presidential Adviser for Entrepreneurship...
More than 300 Japanese guests from Japan’s leading corporate and financial institutions have participated in the virtual Philippine Economic Briefing (PEB) that highlighted the Duterte administration’s efforts to push for a much stronger and more inclusive economy in the post-COVID-19 pandemic...
The Philippines stands to lose around P11 trillion in the next four-decades from the pandemic-induced school closures, the National Economic and Development Authority (NEDA) estimated. (Photo by JORGE GUERRERO : AFP : FILE PHOTO) Socioeconomic Planning Secretary Karl Kendrick T. Chua said Thursday,...
President Duterte’s chief economic manager said the government needs a new approach to rein in coronavirus cases and revive the economy as lockdown orders no longer provide benefits to the country. Finance Secretary Carlos G. Dominguez III said the Inter-Agency Task Force (IATF), the government's...
The Department of Finance (DOF) said that careful balance between the need of economic concerns and the health requirements of COVID-19 will drive the Philippines back to its pre-pandemic path of rapid economic growth. Finance Sec. Carlos Dominguez III During the virtual Philippine economic...
