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...
House Majority Leader Martin Romualdez on Tuesday, August 10, attribute to the "spirit of teamwork and cooperation" the Philippine economy's growth in the second quarter of this year. House majority leader and Leyte Representative Martin Romualdez (MANILA BULLETIN File Photo) “We rejoice with the...
The economy has returned into growth mode, posting a dramatic performance in the second-quarter as expected, but the country’s recovery is losing steam as the rapidly spreading Delta variant has forced the government to put the breaks on further reopening plans. 25245 The gross domestic product...
Senator Grace Poe on Monday, August 9, appealed to the government's pandemic task force to consider micro, small and medium enterprises (MSMEs) in deciding to impose stricter lockdowns in the Philippines. President Rodrigo Duterte presides over a meeting with the Inter-Agency Task Force on the...
Socioeconomic Planning Secretary Karl Kendrick T. Chua raised his initial estimated losses from the two-week lockdown from P210 billion to P300 billion after other areas outside the National Capital Region (NCR) were also placed under varying levels of strict quarantine controls. Enhanced Community...
The National Economic and Development Authority (NEDA) said the government is ensuring stable and affordable food prices amid the implementation of the enhanced community quarantine (ECQ) in Metro Manila and stricter quarantines throughout the country. Screen Shot 2021-08-06 at 1.42.20 PM In a...
Unemployment rate was steady in June this year, but President Duterte’s economic managers expect the number of jobless Filipinos may “temporarily” take a blow this month following the imposition of the strictest form of lockdown. The Philippine Statistics Authority (PSA) reported on Tuesday,...
Food security advocacy group Tugon Kabuhayan is pushing for the establishment of more export economic zones dedicated to fisheries and aquaculture, a move that will help boost the country’s production of processed and value-added aquaculture products for both domestic and export market. In a...
The Senate may heed calls from the House of Representatives and act on the proposal to amend the economic provisions of the 1987 Constitution. Senate of the Philippines (MANILA BULLETIN File Photo) Senate President Vicente Sotto III on Saturday, July 31, disclosed that he already has committed to...
