The Philippines' below-goal and slowing near-term economic growth would be unlikely to gain from China's massive stimulus due to meager exports to the mainland, according to Deutsche Bank Research. Deutsche Bank's global macro forecasts released on Tuesday, Oct. 15, showed projected gross domestic...
The squeeze on consumers’ pockets at the pumps will be leaner after all as global oil prices suddenly crashed at end-week trading on Friday (September 27), according to the oil companies. The industry players estimated that gasoline price increase had softened to P0.10 to P0.50 per liter,...
Camarines Sur-based congressmen are batting for a three-year Covid-19 pandemic recovery program would allow the release of P500 billion each year as a form of economic stimulus. Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte led the...
A three-year, P1.5-trillion economic stimulus bill dubbed "Bayanihan 3" has been filed in the 19th Congress. (Shivendu Shukla/ Unsplash) One of the authors of the measure, Camarines Sur 2nd district Rep. LRay Villafuerte, said the proposed economic stimulus package package was inspired by...
Former senator and incumbent Sorsogon Governor Francis “Chiz” Escudero on Sunday said he supports the proposal of Vice President Leni Robredo to fund a P100-billion stimulus package for micro, small and medium enterprises (MSMEs), calling it an “economist’s roadmap” to recovery from the...
If she wins as president, one of the priorities of Vice President Leni Robredo is to help small, medium, and micro-entrepreneurs (MSMEs) transition to the new normal and prepare them for possible future crises through conditional loans, access to credit, integration into public procurement...
The National Economic and Development Authority (NEDA) said that allowing businesses to fully operate is a more sustainable approach than providing government subsidies to sectors that lost their income as result of the prolonged lockdowns. Socioeconomic Planning Secretary Karl Kendrick T. Chua...
Senator Pia Cayetano has proposed the distribution of targeted subsidies for families and individuals who want to start or expand their home-based and micro businesses to cope with the COVID-19 pandemic. Senator Pia Cayetano (Office of Sen. Cayetano) During the Senate finance committee hearing on...
TOKYO, Japan -- Fumio Kishida won the presidential election of Japan's ruling Liberal Democratic Party (LDP) on Wednesday, vowing to formulate a stimulus plan and let people benefit from economic growth. Fumio Kishida attends a press conference after he won the presidential election of Japan's...
Senators are more inclined to include COVID-19 assistance packages in the 2022 national budget instead of passing a third Bayanihan law. Senate of the Philippines (Senate PRIB) Senate Majority Leader Juan Miguel Zubiri said this Monday, July 19, as the upper chamber prepares for the opening of the...
A day before the law's expiry, House Deputy Speaker and Cagayan de Oro City Representative Rufus Rodriguez has still urged President Duterte to call Congress to a special session to extend the validity of the Bayanihan 2. House of Representatives (Alvin Kasiban/MANILA BULLETIN File photo) “We...
The House of Representatives on Tuesday, May 25, approved on second reading the "Bayanihan to Arise as One" or Bayanihan 3 bill, a revised version that trimmed the proposed allocation for COVID-19 stimulus to P401 billion. House of Representatives (MANILA BULLETIN File photo/Alvin Kasiban)...
