Trade and Industry Secretary Alfredo E. Pascual said the Philippines is not closing to formalizing its trade relations with the US amid pronouncements by its number one ally to focus on the Indo Pacific Economic Framework (IPEF) instead of free trade deals. DTI Secretary Alfredo E. Pascual While...
TAIPEI, Taiwan – Despite heightened tensions arising from recent military drills of the Chinese armed forces at the Taiwan Strait, it’s business as usual in this nation of 23.9 million people, including more than 150,000 overseas Filipino workers (OFWs). Most of the OFWs are concentrated in...
WASHINGTON, United States (AFP) – The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains. Concerns over high inflation, rising...
The Philippines and the United States (US) will advance partnerships and exchanges on varied issues involving economic and environmental security, chief among them are public health emergency resiliency, virology and vaccines, renewably energy, marine protection, and food security. Philippine and...
The Marcos administration's economic team will be in the United States (US) this week to paint a resilient, fast-growing, open, united, and politically stable Philippines on the sidelines of the World Bank-International Monetary Funk (WB-IMF) Spring Meetings in Washington, D.C. *Malacañang photo*...
The Energy Regulatory Commission (ERC) has kicked off its collaboration with the National Economic and Development Authority (NEDA) for the establishment of an electricity affordability index so Filipino consumers can fully track and be guided on the variation of the tariffs they have been paying...
President Ferdinand “Bongbong” Marcos Jr. vowed to continue his administration’s drive to sustain the improvements reflected in the recent inflation rate data. President Ferdinand Marcos Jr. presides over a Cabinet meeting in Malacañang. (Photo from Presidential Communications Office) In a...
Tereso O. Panga, the newly appointed Director General of the Philippine Economic Zone Authority (PEZA), has outlined six priorities he committed the agency will pursue to promote more export-oriented investments in the economic zones. In his first State of the PEZA Address (SOPA) to its employees at...
The National Economic and Development Authority (NEDA) has identified strategies to attain the Sustainable Development Goals (SDGs), strengthen partnerships, and engage in collaborative efforts to improve Southeast Asia's quality of life. In a presentation during the 2nd ASEAN Ministerial Dialogue...
The IT-Business Process Association of the Philippines (IBPAP), the umbrella group of IT and business process management firms operating in the country, has raised alarm bells on what it calls “severe talent crisis” in the country. IBPAP President Jack O. Madrid raised the “talent crisis”...
Senate President Juan Miguel F. Zubiri attended the signing of a lease agreement between Envirotech Vehicles, Inc. (EVT) and real estate developer Berthaphil, Inc., to cement EVT’s move to establish a manufacturing facility at the Clark Freeport Zone. EVT is a United States-based transportation...
Think tank Action for Economic Reforms (AER) has warned against the proposed measure in Congress seeking to grant the president the power to suspend Philippine Health Insurance Corp. (PhilHealth) premium hikes. In a statement, AER said Thursday, March 23, that giving the president the power to...
