Accelerated vaccination and more targeted alert level system with granular lockdowns would reduce coronavirus cases and deaths while bringing back more employment, the National Economic and Development Authority (NEDA) said. In a statement, Socioeconomic Planning Secretary Karl Kendrick T. Chua...
President Rodrigo Duterte’s economic managers said the imposition of stricter quarantine status over Metro Manila and nearby provinces is a necessary setback in the country’s recovery in the wake of the highly transmissible COVID-19 Omicron variant. The inter-agency Development Budget...
The Philippine Economic Zona Authority (PEZA) will temporarily shift its transactions to online while conducting mass swab testing for all its personnel and disinfection of its offices amid the rising number of COVID-19 infections in Metro Manila. (Jansen Romero / File photo / MANILA BULLETIN) In...
Despite a budget deficit breaching the P1 trillion mark, the national government’s revenue collections remained strong last year, an indication that the country is poised to achieve a robust economic recovery, a ranking finance official said. Finance Undersecretary Gil S. Beltran said there were...
The National Economic and Development Authority (NEDA) said the Omicron variant will not slam the Philippines' growth prospects for the year, saying the fresh blow of tighter quarantine controls is only temporarily. Two years into the COVID-19 pandemic, Socioeconomic Planning Secretary Karl...
The Philippine Economic Zone Authority (PEZA) has conducted relief operations to regions affected by Typhoon “Odette” as part of its “bayanihan” efforts this holiday season. Photo from PEZA “Christmas doesn’t just happen in one day. Every day is an opportunity for us to help our...
We’ve been in a holiday mood since September, but now that we have about two more weeks to wrap up the party, we can ask ourselves why we celebrate this occasion so long By Edgar Timbungco ESSENCE OF YULETIDE Christmas Belen Filipinos take pride in having the longest celebration of Christmas this...
The Philippine economy on its way to recover lost ground, but should remain alert and not let its guard down as Omicron variant poses a threat to public health, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said on Monday, Dec. 20, 2021, that the higher-than-expected...
Malacañang has trumpeted the indicators of the Philippines' strong economic performance amid its recent successes against the coronavirus disease (COVID-19). (Shivendu Shukla/ Unsplash) In a recent virtual press conference, Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles...
A total of 51 agriculture groups – composed of farmers, fishers, and producers – have joined forces to sign a petition against the mega trade deal, Regional Comprehensive Economic Partnership (RCEP). The groups think the deal will result in further “import surges, price depressions, and...
The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
The Manila-based Asian Development Bank (ADB) has raised its economic growth outlook for the Philippines due to improving coronavirus (COVID-19) situation and the acceleration in the government’s inoculation program. Based on the supplement to the Asian Development Outlook (ADO) 2021 on Tuesday,...
