Trade and Industry Secretary Alfredo E. Pascual has signed the Implementing Rules and Regulations (IRR) of Republic Act (RA) No. 11904, otherwise known as the Philippine Creative Industries Development Act (PCIDA), boosting the domestic creative industries’ development to achieve its full...
The local stock market ignored the high November inflation rate amd surged on positive news overseas. The main index jumped 232.25 points or 3.61 percent to close at 6,674.38 as Conglomerates led the rally. Volume improved to 582 million shares worth P6.04 billion as gainers beat losers 100 to 81...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
PH can sustain growth momentum—NEDA By Chino S. Leyco The National Economic and Development Authority (NEDA) is confident that the country’s growth momentum will be sustained driven by robust domestic consumption following the prolonged pandemic. In a statement on Tuesday, Dec. 6, Socioeconomic...
The Asian Development Bank (ADB) said it will fund the upgrade and modernize the Philippines’ technical and vocational education and training (TVET) system to make it more responsive to new labor demands. In a statement, the Manila-based multilateral institution said the ADB approved a $100...
The National Development Company (NDC), the government investment arm attached to the Department of Trade and Industry (DTI), said it is currently exploring collaborations for potential investments in the establishment of a fill and finish facilities, and eventually bulk vaccine production plants....
The local stock market lost early gains to end lower as investors opted to take profits late in the session. The main index lost 47.52 points or 0.73 percent to close at 6,442.13 as the Services sector led the retreat although the Industrial and Property counters remained in the green. Volume eased...
President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
Former Department of Tourism (DOT) undersecretary, Roberto V. Antonio has joined the Development Bank of the Philippines (DBP)'s Board of Directors. As DOT undersecretary and senior consultant, he conceptualized the Eight Anchor Destination Program and the production of the DOT Foreign Offices...
The local stock market plunged as the weakness in the US and regional bourses prompted investors to continue to take profits. The main index fell 245.34 points or 3.64 percent to 6,489.65 points as Conglomerates led the retraction in share prices. Volume also declined to 874 million shares worth...
The United Nations (UN) has lauded the Philippines in its campaign to recognize the contribution of migrant​s all over the world ​to the inclusive growth and sustainable development ​and to the economy ​of their​ respective​ countries​. ​ Many...
The local stock market bucked the regional trend and started December with some profit-taking following six-day rally. The main index dropped 45.79 points or 0.68 percent to close at 6,734.99 although sectoral indices were evenly mixed. A hefty 796 million shares worth P10.11 billion changed hands...
