The National Economic and Development Authority (NEDA) said that allowing businesses to fully operate is a more sustainable approach than providing government subsidies to sectors that lost their income as result of the prolonged lockdowns. Socioeconomic Planning Secretary Karl Kendrick T. Chua...
The Department of Agriculture (DA) and the Department of Energy (DOE) are in talks about the possible implementation of a gasoline discount mechanism in the fisheries sector, one of the most hit farm sub-sectors by the incessant rise in gasoline prices. In a briefing Monday, Oct. 25, DA...
President Duterte’s economic managers approved the grant of fuel subsidies, giving public transportation sector the much-needed relief from skyrocketing pump prices. The inter-agency Development Budget Coordination Committee (DBCC) announced Monday, Oct. 25, that the government will shell-out P1...
The continued recovery of foreign direct investment (FDI) this year is an indicator of the Philippines’ solid long-term prospects, the Department of Finance (DOF) said. Based on the latest DOF economic bulletin, the department noted that the country’s FDI sustained its robust growth in January...
Presidential aspirant Senator Ronald “Bato” Dela Rosa said he will pursue amendments to the Foreign Investment Act if he gets elected as president. In a televised interview, Dela Rosa said that part of economic programs would be to allow more foreign investors to invest in micro, small and...
Philippine Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. Otherwise, consumers will have to deal with an increase in the price of animal...
Midway through the start of the last quarter of the year, the country’s economic managers were focusing on how to pull off a strong finish to what has been a sputtering recovery from the ravages of the coronavirus pandemic. After nearly two months of restrictive quarantine, the capital region now...
Senator Pia Cayetano has proposed the distribution of targeted subsidies for families and individuals who want to start or expand their home-based and micro businesses to cope with the COVID-19 pandemic. Senator Pia Cayetano (Office of Sen. Cayetano) During the Senate finance committee hearing on...
Senator Panfilo Lacson on Saturday, October 16, urged the government to come up with emergency employment programs in the Philippines to address joblessness caused by the COVID-19 pandemic. Senator Panfilo 'Ping' Lacson (Senate of the Philippines) In a radio interview, Lacson said making...
The Philippine Statistics Authority (PSA) is on track to achieve the National ID registration target of 50 million by the of the year, the National Economic and Development Authority (NEDA) said. Socioeconomic Planning Secretary Karl Kendrick T. Chua said the PSA has completed 43.2 million...
MTD Philippines, a fully owned subsidiary of Malaysia’s top engineering conglomerate MTD Capital, has announced it is investing P12 billion over the next six years in the country. Patrick Nicholas David, president and CEO of MTD Philippines Inc. and chairman of Bandar Hebat Builders Inc. (BHBI),...
Corn farmers recorded a staggering revenue loss of about P10 billion due low farm-gate prices, prompting the filing of a House Resolution seeking to junk the Department of Agriculture’s (DA) proposal to temporarily lower import tariff on the main staple. 38728 In a statement, a group of corn...
