Taiwan has passed a minimum wage law that is set to benefit close to 124,000 Filipino factory workers, the Manila Economic and Cultural Office (MECO) said on Sunday, Dec. 24. MECO chairman and resident representative Silvestre H. Bello III said the new Minimum Wage Act affirmed the wage increase...
The National Economic and Development Authority (NEDA) has estimated that over seven million Filipinos could have escaped poverty if inflation had remained within the government's target over the last two years. NEDA Secretary Arsenio M. Balisacan said that the high inflation rate, which averaged...
The National Economic and Development Authority (NEDA) said the duration of the El Niño weather event may be shorter than initially estimated by the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA). NEDA Secretary Arsenio M. Balisacan said on Friday, Dec. 22...
This year saw the meteoric rise of the Philippine women’s national football team on the world stage. Year 2024 should be more promising. Filipinas head coach Mark Torcaso. (PFF/PWNFT) Filipinas head coach Mark Torcaso is hoping for continued success as he greets his first full stint at the...
President Marcos wants a “paradigm shift” or a “new way” of dealing with China’s aggressive actions in the West Philippine Sea, revealing that he also plans to release a joint position with the Philippines’ regional and international partners on ways to de-escalate the tensions. ...
President Marcos has issued an executive order creating the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), which will be tasked to ensure the effective integration, coordination and implementation of the various government investment and economic...
TOKYO, Japan—Proposed economic reforms in the 1987 Constitutions will not be brought up in the forums President Marcos will participate in during his four-day trip here. DTI Secretary Alfredo Pascual (Photo courtesy of PPA Pool/Yummie Dingding)) Although Marcos has confirmed that the government...
The Development Budget Coordination Committee (DBCC) has maintained the government's economic growth target for the year and has marginally adjusted its forecast for next year. The DBCC, an inter-agency body tasked with determining the government’s macroeconomic assumptions, kept its gross...
President Marcos said the government is looking to revisit the economic provisions of the 1987 Constitution and other laws to make the Philippines more investment-friendly. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy) In a media interview, Marcos pointed out that the existing economic...
The National Economic and Development Authority (NEDA) said the government plans to ramp up the distribution of food stamps and expedite the importation of key commodities to prepare for the potential impact of El Niño. NEDA Secretary Arsenio M. Balisacan said they will team up with the...
The National Economic and Development Authority (NEDA) Board, chaired by President Marcos, has approved the P67.4 billion Dalton Pass East Alignment Road project in Central Luzon. Speaking during a palace briefing, NEDA Secretary Arsenio M. Balisacan said that the 23-kilometer, four-lane...
The National Economic and Development Authority (NEDA) announced that President Marcos has extended the temporary reduction of tariffs on key agricultural products to mitigate the impact of the El Niño phenomenon on consumer prices. NEDA Secretary Arsenio M. Balisacan said Malacañang has given...
