Socioeconomic Planning Secretary Karl Kendrick T. Chua is hopeful that the next administration will adopt policy continuity as he also cautioned against reversing some important reforms enacted under the Duterte administration. Chua, who is also head of the National Economic and Development...
The National Economic and Development Authority (NEDA) remained optimistic that the economy will return to its pre-pandemic growth this year as the country continues to build on progress in recovering from Covid-19. During the Philippine Consulate General town hall meeting in New York City on April...
All regions in the country posted positive economic growths last year, a reversal of the contractions seen at the height of the coronavirus pandemic, the Philippine Statistics Authority (PSA) reported. Data from the PSA revealed on Thursday, April 28 that all economies of 17 regions in the...
“Wastong pag-utang, susi sa pagbangon ng bayan” (Proper borrowing, key to people’s recovery) is the theme of this year’s observance of Credit Consciousness Week a practice that began in the last week of April 1995 with the issuance by then President Fidel V. Ramos of Proclamation No. 568....
President Duterte’s successor should avoid accumulation of additional government debt, as the Department of Finance (DOF) said the next administration should prioritize policies that will entice more economic activity. Finance Secretary Carlos G. Dominguez III said on Thursday, April 21, that the...
The government's pandemic task force has called for the implementation of the 10-Point Policy Agenda on Economic Recovery and urged all government agencies to ensure all related policies, measures, and programs are aligned with the Ten-Point Policy Agenda, Malacañang said. President Duterte...
Over a thousand small entrepreneurs are expected to get free one-on-one mentoring with experienced business owners and industry leaders and go home with cash prizes to invest in their small businesses. This will happen when Mentor Me On Wheels, Go Negosyo's popular one-on-one mentoring program for...
Despite external risks, the Philippines’ recovery is expected to gain traction this year as pandemic restrictions eased, allowing for more economic activities, the Asian Development Bank (ADB) said. In the Asian Development Outlook 2022 report released on Wednesday, April 6, the Manila-based...
The World Bank has slightly downgraded the Philippines' gross domestic product (GDP) outlook for 2022 from 5.8 percent to 5.7 percent, falling further below the Duterte administration's target of seven to nine percent due to external risks. In its East Asia and Pacific Economic Update released...
Heightened domestic demand is expected to cushion the impact of the Russia-Ukraine conflict on the economy in the first semester of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. FMIC and UA&P said that while Russian...
The government’s chief economic manager vowed to “redouble” their efforts in the final months of the Duterte administration to recover lost opportunities incurred by the economy during the prolonged pandemic. Finance Secretary Carlos G. Dominguez III said that their goal in the final quarter...
Senator Christopher “Bong” Go has hailed a new executive order adopting a 10-point policy agenda to accelerate the country’s economic recovery and help more Filipinos recoup the losses they sustained amid the Covid-19 pandemic. Signed by President Rodrigo Duterte on Monday, March 21,...
