The country’s largest business groups have strongly opposed moves to maintain the telecommunications industry as a public utility or subject it to minority foreign ownership as they cited interest from SpaceX, Japan's KDDI and Kobashi groups to enter the country that could provide competition in...
Communications Secretary Martin Andanar said the Duterte administration is already preparing the country to bounce back to a more dynamic economy post-pandemic as it strived to curb the impacts of the coronavirus disease (COVID-19). Presidential Communications Secretary Martin Andanar (File...
The government’s chief economic manager said the two-week enhanced community quarantine (ECQ) has been a big achievement for the country’s inoculation program despite the sustained surge in infections. COVID-19 vaccine Finance Secretary Carlos G. Dominguez III said Friday, August 20, that the...
The Delta variant-driven lockdowns imposed to curb the spread of the virus triggered the Development Budget Coordination Committee (DBCC) to significantly slash its economic growth outlook for the year. The DBCC, an inter-agency body tasked to set the country’s macroeconomic targets, further...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic targets, will meet tomorrow, Wednesday, August 18, to reassess the country’s recovery amid the mutating coronavirus. Finance Secretary Carlos G. Dominguez III But ahead of the...
She didn't point fingers but it is obvious the Megastar is not happy with the ongoing pandemic creating a huge economic snag. The "Revirginized" star took to social media recently to air her opinion on the matter, going on to call on everyone, particularly the wealthy, to rise above "ayuda" and...
The Philippine government may import more fish than the average amount in anticipation of this year’s closed fishing season, which could push food prices higher in the coming months. During the Food and Sustainability Forum organized by the Economic Journalist Association of the Philippines...
The government’s chief economic manager said the country’s recovery remains “promising” despite “speed bumps” this year. Finance Secretary Carlos Dominguez III Finance Secretary Carlos G. Dominguez III said he is still optimistic over the Philippines’ “promising” prospects for a...
Job creation and poverty alleviation will be a major challenge for the government next year as the Department of Finance (DOF) admitted that uncertainly about the economic recovery will remain until the pandemic is contained. DOF Building in Manila Based on the DOF’s “Macroeconomic Framework...
The government is determined to accelerate the vaccination of Filipinos and sustain economic recovery programs after the pandemic-hit country roared out of recession. Presidential Communications Secretary Martin Andanar (File photo/PCOO/Twitter) Presidential Communications Secretary Martin Andanar...
Some senators were not overjoyed by the 11.8-percent growth in the Philippines' economy, stressing it is still far from pre-pandemic levels. Senator Grace Poe (Office of Sen. Grace Poe/MANILA BULLETIN File Photo) "Economic growth may be at its highest since 1988 but let’s not lose sight of the...
The country’s economic managers would still set the percentage rate of the tax relief that will be given to the manufacturers of medical-grade oxygen, Presidential spokesperson Harry Roque said on Tuesday, August 10. RELATIVES of COVID-19 patients purchase medical grade oxygen in a pharmacy in...
