As the Department of Health (DOH) expanded the coverage of Covid-19 vaccine's booster shots, Presidential Adviser for Entrepreneurship Joey Concepcion said that while this is a welcome development, the real threat of Covid infections remains among the country's working sector, particularly those...
The National Economic and Development Authority (NEDA) has fired back at critics of the rice tariffication law (RTL), noting that contrary to claims, the reform helped both farmers and consumers since its enactment. In a statement, Socioeconomic Planning Secretary Karl Kendrick T. Chua said that...
The country’s gross domestic product (GDP) grew by 8.3 percent in the first quarter of 2022, higher than the 7.8 percent growth achieved in the fourth quarter of the previous year, and a significant reversal of the 3.8 percent decline a year ago. According to Socioeconomic Planning Secretary Karl...
High debt load and low revenue collection will become bottlenecks to the country’s return to a rapid and sustainable economic growth path, the Department of Finance (DOF) said. As the government transitions to the next administration, Finance Chief Economist Gil S. Beltran said that fiscal...
Here’s what you need to know about the Korean Hahoetal masks Apart from anti-fascist song “ Bella ciao ” and the red jumpsuits, the Dalí mask is one of the prime symbols of Netflix’s “Money Heist.” The mask reflects the philosophies of Spanish surrealist artist Salvador Dalí against...
The Covid-19 crisis has exacerbated the tourism industry’s pre-pandemic structural challenges, the latest report by the Asian Development Bank (ADB) revealed on Friday, May 13. In an ADB report entitled “Supporting Post Covid-19 Economic Recovery in Southeast Asia,” the Manila-based lender...
Socioeconomic Planning Secretary Karl Kendrick T. Chua is hopeful that the next administration will adopt policy continuity as he also cautioned against reversing some important reforms enacted under the Duterte administration. Chua, who is also head of the National Economic and Development...
With the May 2022 presidential race seemingly over and victory all but formalized by the National Board of Canvassers, UniTeam bet Bongbong Marcos appeared before media Wednesday night, May 11 to discuss "what's next". (Screenshot from Facebook live) "Maraming nagtatanong ngayon na kahit hindi pa...
The National Economic and Development Authority (NEDA) remained optimistic that the economy will return to its pre-pandemic growth this year as the country continues to build on progress in recovering from Covid-19. During the Philippine Consulate General town hall meeting in New York City on April...
Malacañang said it would step up its game to address the socioeconomic concerns of the country after the Philippine Statistics Authority (PSA) reported the country's highest inflation rate since January 2019. (FILE PHOTO) Communications Secretary Martin Andanar made this statement after the...
The Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project. In a statement, the Department of Finance (DOF) said that the Philippines and Korea...
All regions in the country posted positive economic growths last year, a reversal of the contractions seen at the height of the coronavirus pandemic, the Philippine Statistics Authority (PSA) reported. Data from the PSA revealed on Thursday, April 28 that all economies of 17 regions in the...
