Business NEWS

The National Economic and Development Authority (NEDA) said the economy is still poised to grow within the government’s target for this year as the Omicron variant has had more than a mild impact on business activity.

Philippine business and labor groups have passed a joint resolution calling on the Duterte administration to act on 11 recommendations, including addressing corruption and passage of Bayanihan 3, to ensure safe reopening of the domestic economy and protect lives.

Foreign and local business groups in the country have urged the passage of 17 priority bills by the 18th Congress during its third and final session year that will commence on July 26. 

Philippine businessmen Wednesday,  (April 14)  took a pause from their busy schedules to make a stand against China’s aggression in the country’s  territory.

Local businesses are strongly supporting initiatives to reopen further the Philippine economy, which has suffered from long lockdowns and quarantines due to COVID-19.

The digital economy plays a key role in the Philippines’ economic recovery from the coronavirus pandemic, says Cielito Habito, Chairman of Brain Trust: Knowledge & Options for Sustainable Development, Inc.  At a recent economic briefing of the Management Association of the Philippines (MAP), the former socioeconomic planning chief pointed out that digital economy is the only major sector to see growth during the public health crisis other than agriculture and banking.  

Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’ suffering from the COVID-19 impact.

 AURELIO “Gigi” R. MONTINOLA III, Chair of Far Eastern University (FEU), is the President of the Management Association of the Philippines (MAP) for 2021.  Mr. Montinola is the 72nd President of the MAP since its inception in 1950. 

 Dismayed over the Philippines disaster responses in the recent typhoons,  Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change.

The country’s top corporations have shown that they have been walking the talk even before signing the Covenant for Shared Prosperity wherein they have sacrificed profitability in order to take care of their stakeholders and ensure sustainability.

CEOs remain optimistic yet conservative about the country’s growth in the coming years, according to a survey.