The Securities and Exchange Commission (SEC) is seeking public comments for the draft Implementing Rules and Regulations (IRR) of Republic Act No. 11523 or the Financial Institutions Strategic Transfer (FIST) Act, a critical economic measure in the Philippines’ economic recovery. In a...
The government’s continued movement restrictions will deter the country’s economic recovery this year, one of three major international credit rating agencies said on Thursday, Feb. 18. In a credit opinion, Moody’s Investors Service said that the Philippine economy, as measured by its...
Local businesses are strongly supporting initiatives to reopen further the Philippine economy, which has suffered from long lockdowns and quarantines due to COVID-19. “We, the undersigned, express our strong support for the initiatives of the Duterte administration to open the Philippine economy...
Trade and Industry Secretary Ramon M. Lopez has warned of irreversible damages to the economy and future of next generation if the country’s high hunger and unemployment levels continue. Lopez said this as he meets today with Metro Manila mayors to explain the Cabinet economic cluster’s...
The National Economic and Development Authority (NEDA), the country's chief economic development planner, said the country needs to strike a better balance in managing the health and economic threats, particularly in Metro Manila where almost a quarter of its population suffer from hunger. Acting...
The National Economic Development Authority (NEDA) said that private sector investments that will push business expansion in digital transformation, education continuity, food resilience, and health, will be supported by the government to boost economic recovery. In a statement during a recent...
The government’s inflation target for this year will remain unchanged despite the higher than expected rate of increase in consumer prices in January, the National Economic and Development Authority (NEDA) said. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said that measures to...
The Department of Agriculture (DA) will not withdraw its proposal for tariff reduction on pork and rice imports despite the growing number of groups – including farmers, raisers, advocates – opposing such a move. When asked if he will consider the possibility of withdrawing DA’s proposal,...
The National Economic and Development Authority (NEDA) expects the number of jobless Filipinos will not return to its pre-pandemic level next year as the domestic labor market situation is seen to remain “very difficult.” Based on the Updated Philippine Development Plan (PDP) 2017-2022 released...
The National Economic and Development Authority (NEDA) said that prolonging the status quo in managing the country’s coronavirus response would result in more hunger, other sicknesses and far more deaths from non-COVID reasons. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said...
MB file photo The Philippine Metalworkers Alliance (PMA-SENTRO) has called for a review of the automotive industry development plan stating the imposition of the safeguard measure is not enough to save the domestic automotive industry and stop car companies' exodus from the Philippines. PMA...
Agriculture Secretary William Dar has joined the call to further open up the Philippine economy despite the COVID-19 pandemic persistence. This, according to him, could address the country’s food sufficiency level to address hunger amid the pandemic. Agriculture Secretary William Dar (MANILA...
