Another measure filed by Senior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos has been approved on third and final reading by his colleagues in the House of Representatives. Ilocos Norte 1st district Rep. Sandro Marcos (Noel Pabalate/ MANILA BULLETIN) Given final approval...
The Bureau of Customs (BOC) must send a strong message to traders involved in the big-time smuggling of agricultural goods. Benguet lone district Rep. Eric Go Yap (Facebook) Benguet lone district Rep. Eric Yap said the BOC can do so by filing air-tight, non-bailable cases against such smugglers,...
Senate Committee on Ways and Means Chairman Senator Sherwin Gatchalian wants to know the economic managers' basis for supporting the controversial Maharlika Wealth Fund (MWF). Senator Sherwin Gatchalian (Facebook) Gatchalian had this to say Saturday, Dec. 10 in a DWIZ interview following reports...
Editorial New technologies have emerged since the Covid-19 pandemic struck in 2020, some of which were already with us in the days before the public health emergency but were given the big push by reason of necessity. We can cite the system of online economy as among these innovations, where more...
The Filipino-Chinese business community has thrown strong support behind Trade and Industry Secretary Alfredo E. Pascual, who is facing opposition on his confirmation at the Commission on Appointments. In a statement, the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc....
The Philippine Economic Zone Authority (PEZA) Employees Association (PEZAEA) has thrown its steadfast support behind OIC Deputy Director General Tereso O. Panga, stating the reforms instituted by Panga are “well received by the employees.” The PEZAEA issued this statement amid controversy...
Economic indicators point to strong Q4 growth—Diokno By Chino S. Leyco The Department of Finance (DOF) expects strong fourth-quarter growth amid improving jobs market, rising factory output, strengthening peso, and falling global oil prices. Finance Secretary Benjamin E. Diokno said on Thursday,...
A measure seeking to declare as "economic sabotage" the smuggling of tobacco products into the country has been approved on second reading in the House of Representatives. Ilocos Norte 1st district Rep. Sandro Marcos (left) and PBA Party-list Rep. Migs Nograles Through a simple voice vote (ayes vs....
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 World Bank raised its gross domestic product (GDP) outlook for the Philippines to 7.2 percent this year from an earlier projection of 6.5 percent in September. The Washington-based multilateral institution said Tuesday, Dec. 6, that the upward revision was driven by “robust domestic...
Various business and think tank groups have strongly opposed the planned Maharlika Wealth Fund (MWF), a Philippine government version of a Sovereign Wealth Fund (SWF), stating the proposal under House Bill 6398 will not amount to wealth creation but instead puts at risk peoples’ pension money in...
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...
