Targeted relief interventions would better help cushion the impact of inflationary pressures arising from the Russia-Ukraine crisis, the National Economic and Development and Development (NEDA) said. While calls to increase wages and fares to help minimum wage workers and public transport operators...
As the nation marked the second anniversary of the onset of the Covid-19 pandemic, it was announced that Metro Manila and 47 other areas will remain under the least restrictive Alert Level 1 until March 31. This move is beneficial to economic recovery. The full operation of...
Malacañang on Wednesday, March 16, said the proposal for a four-day workweek and the extension of the work from home (WFH) arrangements are still being considered by President Duterte. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) In a virtual Palace briefing, Presidential Communications...
The National Economic and Development Authority (NEDA) is proposing a four-day workweek to lower energy consumption amid skyrocketing pump prices. During President Duterte’s Talk to the People aired on Wednesday, March 16, Socioeconomic Planning Secretary Karl Kendrick T. Chua said limiting the...
The National Economic and Development Authority (NEDA) is confident that strong domestic demand would withstand the adverse affects of the Russia-Ukraine conflict that threatens the country’s return to pre-pandemic levels within the first-quarter. At a virtual briefing on Tuesday, March 15,...
The Senate Committee on Economic Affairs on Tuesday, March 15 formed a technical working group (TWG) to iron-out various concepts and proposals on how to develop the energy rich 24-million hectare undersea Philippine Rise (Benham Rise) off eastern Luzon. This came after Senator Imee Marcos,...
Despite the improving pandemic situation in the Philippines, Senator Christopher "Bong" Go on Tuesday, March 15 urged the government to strengthen measures against other threats to the country’s economic recovery, particularly the soaring oil and gas prices brought by the Russia-Ukraine conflict....
ADEN, Yemen -- The United Nations Children's Fund (UNICEF) warned on Friday that millions of Yemeni people are at risk of famine as a result of the country's years-long military conflict and sharp deterioration of its economy, calling for urgent action. "Children in Yemen are starving not because...
Philippine economic recovery is “firmly on track” and is expected to speed up following further relaxation of mobility restrictions and continued policy support, the ASEAN+3 Macroeconomic Research Office (AMRO) said. The regional macroeconomic surveillance organization said on Friday, March 11,...
Senatorial candidate Herbert “Bistek” Bautista on Wednesday urged the government to provide more investments in agriculture sector to enable the Philippine economy to recover against the impact of the Covid-19 pandemic in the past two years. While the country was badly hit by the pandemic, many...
Senate President Pro Tempore Ralph Recto on Tuesday, March 8 said he supports calls for President Duterte to call Congress to a special session and declare a State of Economic Emergency. (Ali Vicoy/ MANILA BULLETIN) Recto, the resident economist at the 24-member Senate, said the special session...
Senate President Vicente Sotto III on Tuesday, March 8 said it is incumbent upon him to convene the Senate if President Duterte calls for a special session in connection with the runaway fuel prices. (Ali Vicoy/ MANILA BULLETIN) ‘’Its part of our work,’’ said Sotto who, along with...
