The EU and the Philippines have started discussion on the new program cycle 2021-2027 development cooperation with immediate priority support for the latter’s economic recovery from the COVID-19 crisis. The parties issued this joint statement after holding the first meeting of the...
After shepherding the enactment of new laws that would spur economic recovery, the Duterte administration lifted a nine-year moratorium on new mining projects with the recent issuance of Executive Order Number 130. EO No. 130 repealed Section 4 of EO No. 79 issued by then President Benigno Aquino...
Enough is enough. Senator Nancy Binay on Wednesday said China’s continued aggression in the West Philippine Sea and its relentless claim the maritime territory is part of their sovereignty should stop. BInay made the remark following China’s statement the Philippines should “respect”...
Requiring workers to get a coronavirus vaccine could be a possibility in case of a low turnout in the immunization drive, according to a government adviser. (Photo by Martin BUREAU / AFP / MANILA BULLETIN Presidential Adviser for Entrepreneurship Joey Concepcion has appealed, however, to the...
Despite the coronavirus (COVID-19) pandemic, the Philippines still has the potential to become an economic powerhouse especially if it is able to take full advantage of its resources and make a mark in the global marketplace, Senator Sonny Angara said on Wednesday. Angara made the projection in his...
House Deputy Speaker Rufus Rodriguez on Wednesday rejected China’s proposition for the Philippines to respect Beijing’s sovereignty in the West Philippine Sea, saying it should pull out all its military and civilian vessels in the area because it is not part of their exclusive economic zone...
The Department of Finance (DOF) said green shoots of the Philippine economic recovery are growing, citing two recent data indicating growth in trade and manufacturing sectors. In an Economic Bulletin released by the DOF, Finance Undersecretary and Chief Economist Gil S. Beltran noted that recovery...
China is committed to expand investment ties with the Philippines following a surge in bilateral trade in the first quarter of the year. Chinese Ambassador to the Philippines with President Duterte (File photo: Chinese embassy/Manila Bulletin) Chinese Ambassador to the Philippines Huang Xilian said...
President Duterte has formally appointed Karl Kendrick T. Chua as socioeconomic planning secretary as well as head of the National Economic and Development Authority (NEDA). One-year after serving the positions in an acting capacity, Chua is now officially the government’s chief economist and...
Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc. (ICTSI)’s subsidiary in Ecuador, welcomed the creation of a special economic zone at the country’s main seaport to boost foreign trade. This week, CGSA, together with national government and port authority...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
