Finance Secretary Ralph G. Recto has expressed confidence that the Philippines is on track to become a global powerhouse by 2050, positioning itself to become a part of the prestigious G20 group of leading world economies. Recto told reporters on Wednesday, March 13, that the country's...
At the core of the Trabaho Para sa Bayan (TPB) Plan will be the adaption of artificial intelligence (AI) tools to the skills of Filipino workers as the current market demands technological advancements. National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said that the...
Amid accelerating inflation and subdued global markets, National Economic and Development Authority Secretary Arsenio M. Balisacan expressed openness to revising this year's economic growth target downward. Balisacan said that the Development Budget Coordination Committee (DBCC), an inter-agency...
The National Economic and Development Authority (NEDA) led the signing of the implementing rules and regulations (IRR) for the Republic Act 11962 or the Trabaho Para sa Bayan (TBP) Act. NEDA Secretary Arsenio M. Balisacan said on Tuesday, March 12, that before the signing, they first consulted with...
Pampanga 3rd district Rep. Aurelio "Dong" Gonzales Jr. (Facebook) “There will never be a better time than now.” Senior Deputy Speaker Aurelio “Dong” Gonzales Jr. had this to say as he once again appealed to the Senate to push for the amendment of...
The Department of Foreign Affairs (DFA) on Tuesday, March 12, denied recent reports that the Philippine government has ignored China’s proposals on resolving the disputes in the West Philippine Sea and said instead that such proposals were denied because they were “contrary to our national...
Consumers will be perked up slightly next week, as oil prices will just be on modest rollback at the domestic pumps, based on the calculation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.55 to P0.95 per liter; while diesel prices will...
Senator Christopher “Bong” Go on Thursday, March 7 urged the government to effectively implement existing economic reform laws, particularly those enacted during the term of former president Rodrigo Duterte. Go said he believes the government can implement these existing policies with or...
President Marcos' Economic Development Group (EDG) has resolved a critical environmental certification issue concerning the large-scale floating solar projects in Laguna Lake. During a recent EDG meeting chaired by Special Assistant to the President (SAP) Frederick Go, it was decided...
Senator Risa Hontiveros on Monday, March 4 expressed hope that the Senate minority bloc would be able to gather a sufficient number of support from colleagues to block the proposed economic amendments to the 1987 Constitution. Senate Minority Leader Aquilino “Koko” Pimentel III and...
Sen. Cynthia Villar said on Friday, March 1, that the economic provisions being reviewed by the Senate in the bid to amend the 1987 Constitution are "minor" and "unimportant." In an interview, Villar said that after speaking with businessmen, they told her that they are facing problems that are...
The Taiwanese government has donated around P11.2 million in cash to the residents affected by the flooding and landslides in three Davao provinces early this month, the Manila Economic and Cultural Office (MECO) said. MECO chairman Silvestre H. Bello III said the management of the donation from...
