For Vice President Leni Robredo, the only way to fix the country’s ailing economy is by ending the pandemic through improved testing, tracing, treating, vaccinating, and properly equipping hospitals and health workers. Vice President Leni Robredo (OVP) The Vice President, who recently announced...
The improvement in terms of economic activities brought by worldwide COVID-19 vaccination drives has prompted the recent oil price hike in the country, an official of the Department of Energy (DOE) explained Wednesday, Oct. 6. DOE Asec. Gerardo Erquiza said that as the "economy moves," the demand...
UNDER THE MICROSCOPE Dr. Raymundo Lo Last Sept. 27th, a consultative meeting was held by the GoNegosyo with medical experts to seek their opinions on allowing greater mobility for the fully vaccinated in certain areas to open the economy a little bit more. The travel sectors – airlines, hotels...
Prospects for the country’s growth remains promising as the National Economic and Development Authority (NEDA) highlighted that recovery is now hinging on actions being taken in dealing with the coronavirus. Socioeconomic Planning Secretary Karl Kendrick T. Chua said that accelerating the...
Senator Sherwin Gatchalian on Sunday, Oct. 3 urged the Inter-Agency Task Force (IATF) to consider easing quarantine restrictions to pave way for the resumption of many business operations as more working parents can now return to work. Following the government decision to pilot run limited...
Two former secretaries of the Department of Health (DOH)--Dr. Esperanza Cabral and Dr. Manuel Dayrit--have expressed support for the business sector’s call to ramp up vaccination as a way to protect the citizenry while allowing more mobility for vaccinated individuals to sustain the economy....
The World Bank trimmed its growth forecast for the Philippines this year and expects the country's economic activity to return to pre-pandemic level by 2023 yet because the government is likely to miss the goal of vaccinating most of its population by the end of 2021. Based on the World Bank East...
The long-term economic cost of the coronavirus and the pandemic-induced lockdowns would be over three-times greater than the multi-trillion peso debt obligations of the government, the National Economic and Development Authority (NEDA) estimated. Socioeconomic Planning Secretary Karl Kendrick T....
Sulong Pasay business leaders urged the national government to ramp up vaccination and testing, preferably for free, to encourage people to be inoculated and tested. At the same time, they decried suggestions to discriminate against the unvaccinated for constitutional, medical, and practical...
Finding Answers Former Senator Atty. Joey D. Lina The impact of the economic crisis resulting from the coronavirus pandemic worsened by the Delta variant would be with us for years before any signs of recovery could be seen on the horizon. No less than the International Monetary Fund has affirmed...
Philippine Ambassador to Prague Ombra Jainal has called on Czech investors to take a look at the Philippines' positive business outlook being one of the top emerging economies and countries for investments in the region amid the ongoing onslaught of the COVID-19 pandemic. Philippine Ambassador to...
The proposed national budget for 2022 reflects the state of the economy and how the government plans to achieve recovery from the pandemic that would, in turn, enable the renewed pursuit of sustained growth. President Duterte has proposed to Congress a budget of P5.042 trillion, an 11 percent...
