Midway through the start of the last quarter of the year, the country’s economic managers were focusing on how to pull off a strong finish to what has been a sputtering recovery from the ravages of the coronavirus pandemic. After nearly two months of restrictive quarantine, the capital region now...
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...
Senator Panfilo Lacson on Saturday, October 16, urged the government to come up with emergency employment programs in the Philippines to address joblessness caused by the COVID-19 pandemic. Senator Panfilo 'Ping' Lacson (Senate of the Philippines) In a radio interview, Lacson said making...
Senator Grace Poe has urged the Department of Tourism (DOT) to ensure that health facilities are within standard in tourist destinations to make travelers feel safe and confident. Senator Grace Poe (Office of Sen. Poe) “In all areas in our country, ideally, there should really be basic health...
The National Economic and Development Authority (NEDA) said the government failed to balance its response to the coronavirus disease with the need of equally salvaging the economy from the pandemic-induced crisis. During a Senate hearing on the NEDA’s proposed 2022 budget on Wednesday, Oct. 13,...
The ASEAN+3 Macroeconomic Research Office (AMRO) cut its economic growth outlook for the Philippines due to recurring new waves of coronavirus infections followed by the retightening of containment measures. The regional macroeconomic surveillance organization on Thursday, Oct. 7, tempered its 2021...
Senator Joel Villanueva on Tuesday, Oct. 5, chided an official of Pharmally Pharmaceutical Corporation for supposedly fooling the government in declaring that it paid over a million in employee benefits when government records showed otherwise. Senator Joel Villanueva (Senate of the Philippines) At...
Two Senate panels have pushed for the passage of the bill that would institutionalize benefits for individuals who have been vaccinated against the novel coronavirus disease (COVID-19). Senator Pia Cayetano (Office of Senator Cayetano) Senator Pia Cayetano recently sponsored bill Senate Bill No....
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...
Rizal 2nd District Rep. Fidel Nograles on Thursday, September 30, cited the potential of a soon-to-be constructed inter-provincial road connecting Rizal and Bulacan in playing a key role in both provinces’ post-pandemic recovery. Rizal 2nd District Rep. Fidel Nograles “We are literally paving...
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....
