President Duterte expressed concern about a great imbalance in access to coronavirus (COVID-19) vaccines, saying the pandemic has become an "unforgiving race to immunity" due to the lack of bold, collaborative responses to the situation. President Duterte delivers his Intervention at the...
President Duterte will join fellow Asia Pacific leaders in a virtual summit on Friday to tackle the region's pandemic response as well as measures to boost economic recovery. President Rodrigo Duterte (File photo/Malacañang) "President Rodrigo Roa Duterte will participate in the 2021...
A speedy release and spending of government appropriations could boost the Philippines' credit outlook, senators said on Tuesday, July 13. Senate of the Philippines (Senate PRIB) Senate President Pro Tempore Ralph Recto said the downgrading of the Philippines' credit outlook to negative was...
Fitch Ratings has revised the Philippines’ outlook to “Negative” from “Stable” due to the national government’s weakening fiscal finances brought about by the prolonged coronavirus pandemic. Fitch Ratings Building In a statement released Monday evening, July 12, the London-based credit...
President Duterte’s economic manager said the government’s efforts should be geared at accelerating the country’s vaccine deployment and maintaining strict border controls as the quick-spreading Delta variant poses a threat in the Philippines. Socioeconomic Planning Secretary Karl Kendrick T....
The government will embark on an information campaign to highlight its recent achievements as well as the economic recovery program ahead of President Duterte's State of the Nation Address (SONA) later this month. President Rodrigo Roa Duterte presides over the 51st Cabinet meeting in Malacañang...
Foreign and local business groups in the country have urged the passage of 17 priority bills by the 18th Congress during its third and final session year that will commence on July 26. The letter sent to President Rodrigo Duterte was signed by 15 business groups, including eight Philippine...
OCEA, a French shipbuilding company, has pledged P1.5 billion in investments for a shipyard project in the Philippines that may potentially create 500-600 direct and indirect jobs, according to the Department of Trade and Industry. The investment pledge was revealed by OCEA Chief Executive Officer...
A proposed "micro-herd immunity" in malls and other workplaces will be discussed by the private sector with the national government this week. A health worker administers a coronavirus vaccine to a Manila resident during the inoculation drive held at SM Manila on July 6, 2021. (Ali Vicoy/Manila...
Business groups have thrown support for the private schools which have been hard-hit by the economic impact of the COVID-19 pandemic and are now facing a 150-percent increase in income tax rate. At the recent virtual forum hosted by think tank Stratbase Albert del Rosario Institute, a coordinating...
The Philippine economic recovery improved amid declining new coronavirus infections and easing quarantine restrictions, Moody’s Analytics said. In a research note on Monday, July 5, the US-based economic and financial think tank said business activities in the country are expected to pick up in...
A great deal remains to be done even after the Duterte administration has made accomplishments in the last five years. President Rodrigo Duterte leads the unveiling of the Light Rail Transit (LRT) Line 2 East Extension marker during the inauguration ceremony of the newly built LRT Line 2 Station in...
