(MANILA BULLETIN) Camarines Sur 2nd district Rep. LRay Villafuerte is trumpeting the possible enactment of a measure that would make local products more competitive in the international market and in turn boost the Philippine economy. Villafuerte said that one of the measures ratified by the House...
The Senate has ratified the bicameral committee report on the bill that seeks to institutionalize the government’s "One Town, One Product" (OTOP) Program. Sen. Mark Villar, chairperson of the Senate Committee on Trade, Commerce, and Entrepreneurship, and sponsor of the measure, reported the...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) With a unanimous vote of 268-0-0 (yes-no-abstain), the House of Representatives has approved on third and final reading the measure that will institutionalize the “One Town, One Product” (OTOP) program. Embodied in House Bill (HB)...
Go Negosyo founder Joey Concepcion on Tuesday, April 4, renewed calls for pharmaceutical companies to apply for the Certificate of Product Registration (CPR) for Covid-19 bivalent vaccines as experts warned against the impact of long Covid in the workplace. With the country no longer under a state...
The National Economic and Development (NEDA) expects slower growth for next year due to substantial external and internal headwinds. Socioeconomic Planning Secretary Arsenio M. Balisacan said the economy would likely grow above seven percent this year, but it is expected to expand at a much slower...
The third quarter 2022 Gross Domestic Product (GDP) growth rate was maintained at 7.6-percent. However, changes were observed in all industries except public administration and defense; compulsory social activities. The major contributors were: real estate and ownership of dwellings, from 3.1...
The Philippine Statistics Authority’s announcement that the country achieved a 7.6 percent growth in gross domestic product (GDP) in 2022 affirms that, despite high inflation rates, the economy is on track in regaining its pre-Covid pandemic footing. This improves on the 5.7 percent growth in...
Filipinos have not let high inflation rate stop them from spending in 2022, as the Philippine Statistics Authority (PSA) reports that the country’s economic growth performed better than expected last year to a record growth in more than four decades due to revenge spending. The economy, as...
The country’s economic growth in the third quarter last year was maintained at 7.6 percent, the Philippine Statistics Authority (PSA) reported. The PSA made the announcement a day before the scheduled release of the fourth-quarter and full-year 2022 gross domestic product (GDP) performance on...
ZURICH, Switzerland — The Philippine government expects a strong full-year gross domestic product (GDP) growth for 2022, most likely much faster than its growth target of 6.5 to 7.5 percent, Department of Finance (DOF) Secretary Benjamin Diokno said here on Jan. 16 (Switzerland time)....
The Department of Agriculture (DA) has ordered an import ban on chicken and other poultry products from eight countries amid the outbreak of avian influenza. A chicken in a cage (Photo courtesy of Pexels) Domestic and wild birds and their products, including poultry meat, day-old chicks, and sperm...
Finance Secretary Benjamin E. Diokno expects the Philippine economy would grow faster than expected this year due to surging manufacturing and construction sectors, as well as strong domestic demand. In a commentary released on Wednesday, Dec. 28, Diokno said the country’s economy, as measured by...
