The International Air Transport Association (IATA) and Tourism Economics last night (May 26) released an optmistic long-term view for post-COVID-19 passenger demand recovery as people remain eager to travel. iata-1 This year, global passenger numbers can recover to 52 percent of pre-COVID-19 levels...
The House of Representatives on Wednesday, May 26 took a big step in amending the 1987 Constitution by passing on second reading a resolution calling for the revision of economic provisions of the 33-year-old Charter. In a viva voce vote, Resolution of Both Houses No. 2 won second reading approval....
Top officials of the National Task Force (NTF) Against COVID-19 explored areas of cooperation with representatives of 21 business firms in the United States on Wednesday, May 26, to help the country improve its pandemic response and jumpstart the nation's economic recovery. In a statement, the NTF...
The government is still bullish about the country's economic recovery especially if the public will continue to observe health protocols and get vaccinated to combat the coronavirus pandemic. A Taguig City resident receives the first dose of AstraZeneca coronavirus vaccine at the McKinley cinema in...
Amid efforts to hasten economic recovery from the blow of the pandemic, President Duterte has invited Japanese businessmen to invest in the country's agriculture and digital economy sectors. President Rodrigo Duterte (File photo/Malacañang) Addressing the virtual international conference...
Senator Grace Poe said Thursday, May 20, that she hopes that public utility vehicle (PUV) drivers will not be bumped off when the government starts vaccinating essential workers under the A4 priority group. Jeepney driver Ricardo Legaspi now lives in his jeepney with his family after the lockdown...
Voting 20-0-0, the Senate approved on third and final reading a bill that would open up the Philippines' retail sector to foreign enterprises. Senate of the Philippines (Senate PRIB) Senators voted to pass on Wednesday, May 19, Senate Bill No. 1840, which proposes to amend the Retail Liberalization...
Last May 12, a day after the Philippine Statistical authority (PSA) reported that the country’s gross domestic product (GDP) contracted by 4.2 percent in the first quarter of the year, the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) “decided to maintain the interest rate on...
The Senate will work on passing soon the bills aimed at reviving the Philippine economy, such as the proposed amendments to the Public Service Act and to the Foreign Investment Act, among others. (Senate of the Philippines) Senate Majority Leader Juan Miguel Zubiri said senators agreed on this...
The strong economic cooperation between the Philippines and China has generated "great rewards" for both nations to propel towards economic recovery during the pandemic, according to a Chinese diplomat. President Rodrigo Duterte discusses matters with Chinese Ambassador to the Philippines Huang...
The country’s recovery is not out of the woods just yet as risks posed by the coronavirus continue to threaten recent gains, the Department of Finance (DOF) said. In its latest economic bulletin on Friday, May 14, the DOF said that the pace of economic contraction in the first three-months of the...
The Duterte administration will revisit its medium-term macroeconomic targets and fiscal program next week following a worse-than-expected economic performance in the first-quarter. In a media advisory released by the Department of Budget and Management (DBM), it said the inter-agency Development...
