The National Economic and Development Authority (NEDA) is encouraging consumers and the working population to respond to a new survey on confidence in the safe and gradual opening of the economy. In a statement, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said the key to a real...
Michael Gerard “Mike” Enriquez Sun Life Philippines expects the Philippine economy to undergo a “U-shaped,” a longer type of recovery and a return to trend line growth in the next two years. Michael Gerard D. Enriquez, Sun Life chief investments officer, said the country’s economy,...
The World Bank expects the Philippine economy to slip deeper than initially estimated, but the level of contraction will be less severe than the Duterte administration’s projection. A motorcyclist travels along a deserted road in Bonifacio Global City, Metro Manila, the Philippines. (Geric...
Life would not probably get back to normal until 2022 as COVID-19 vaccines may not be enough to enable people to return to business as usual by next year, the National Economic and Development Authority (NEDA) said. A resident rides her bicycle past armed soldiers along a street in Navotas in...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
The Philippine economy contracted for three straight quarters as consumer spending and business activity remained depressed owing to stringent quarantines imposed on key economic hubs to contain the spread of the coronavirus infections. Shoppers wearing protective masks shop for vegetables in...
EU yesterday strongly urged the Philippines to speed up economic reforms to improve its attractiveness to more foreign investors following the deep impact created by the COVID-19 pandemic and arrest the steep decline in bilateral trade. Nabil Francis, President of the EU Chamber of Commerce of the...
The Philippine Center for Postharvest Development and Mechanization (PHilMech) has assured of corruption-free and quality of rice farm equipment bought and distributed to rice farmers using the Rice Competitiveness Enhancement Fund (RCEF). (MB file, JJ Landingin) Its top official stressed there is...
The Department of Trade and Industry (DTI) is incentivizing local enterprises for them to adopt to digital technologies because while majority of enterprises are aware of the need to transform digitally many of them are facing various constraints, particularly the lack of capital. DTI...
Despite the declining prices of locally produced palay, the Philippine government agencies are in full force to defend the Rice Tariffication Law (RTL), which allowed the unlimited entry of cheaper imported rice in the country. On Thursday (Oct. 8), four government agencies – the Department of...
The Procurement Service of the Department of Budget and Management (PS-DBM) has called on local companies to participate in the government-wide purchase of medical supplies for the COVID-19 response. As part of government’s effort to help local enterprises during the pandemic, the PS-DBM said it...
The Department of Finance (DOF) has called on the Association of Southeast Asian Nations (ASEAN) to adopt a six-point action plan geared to enable the regional bloc to be more responsive to the new challenges posed by the pandemic. Finance Secretary Carlos G. Dominguez III (Bloomberg file photo)...
