The Department of Finance (DOF) assured that the Philippines is fully prepared to address challenges posed by financial stability risks and inflationary pressures that threaten the economic recovery. Finance Secretary Benjamin E. Diokno said on Friday, July 15, that the country has comprehensive...
President Marcos’ chief economic manager said the Philippine economy would continue its robust expansion pace this year despite a rising interest rate environment. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the economy, as measured by the gross domestic product (GDP),...
The Philippines is “gradually bouncing back” from the negative impact of the Covid-19 pandemic, Vice President Sara Duterte said on Monday, July 11. Vice President Sara Duterte speaks during the inauguration of Toyota Motors service center in Davao City on Monday, July 11, 2022. (OVP photo)...
Southeast Asia’s green recovery from the pandemic has the potential to create more investment opportunities and add millions of jobs in the next eight years, a new Asian Development Bank (ADB) report said. Based on ADB’s “Implementing a Green Recovery in Southeast Asia” report on Wednesday,...
Presidential Adviser for Entrepreneurship Jose 'Joey' Concepcion III criticized the Health Technology Assessment Council (HTAC) as it continues to drag its feet on what he described as the "life-or-death" issue of Covid-19 vaccines. Presidential Adviser for Entrepreneurship Joey Concepcion speaks...
Presidential Adviser for Entrepreneurship Jose 'Joey' Concepcion III is planning to form an advisory group of multidisciplinary experts to guide the private sector as the country transitions into normalcy after battling the Covid-19 pandemic for more than two years. Presidential Adviser for...
The Philippine economy is poised to grow at a much slower pace than government’s target this year due to intensifying global uncertainties, the World Bank said on Wednesday, June 8. Based on World Bank’s Philippine Economic Update June 2022 edition, the Washington-based lender projected that...
The Department of the Interior and Local Government (DILG)-Region 1 conducted a series of training on Local Economic Development for local government units (LED4LGUs) to aid seven localities boost their economy amid the adverse effects of the Covid-19 pandemic. Through the Local Government...
The Philippine envoy to the United States believes that President-elect Ferdinand Marcos Jr. will be an “advantage” to the two countries’ relations as he would ensure economic recovery by reaching out to traditional allies like the US. Philippine Ambassador to the United States Jose Manuel...
As the Department of Health (DOH) expanded the coverage of Covid-19 vaccine's booster shots, Presidential Adviser for Entrepreneurship Joey Concepcion said that while this is a welcome development, the real threat of Covid infections remains among the country's working sector, particularly those...
High debt load and low revenue collection will become bottlenecks to the country’s return to a rapid and sustainable economic growth path, the Department of Finance (DOF) said. As the government transitions to the next administration, Finance Chief Economist Gil S. Beltran said that fiscal...
The Covid-19 crisis has exacerbated the tourism industry’s pre-pandemic structural challenges, the latest report by the Asian Development Bank (ADB) revealed on Friday, May 13. In an ADB report entitled “Supporting Post Covid-19 Economic Recovery in Southeast Asia,” the Manila-based lender...
