The International Air Transport Association (IATA) urged Asia-Pacific states to further ease border measures to accelerate the region’s recovery from COVID-19. “Asia-Pacific is playing catch-up on restarting travel after COVID-19, but there is growing momentum with governments lifting many...
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...
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...
AirAsia Philippines' passenger growth skyrocketed 553 percent on April 2022 versus the same month last year, an indicator of its strong momentum towards recovery, the airline announced Thursday, May 12. The budget carrier enters mid-second quarter 2022 with a high 306 percent growth in total guests...
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...
#MINDANAO John Tria The latest Gross Regional Domestic Product figures for 2021 recently announced by the Philippine Statistics Authority are very important numbers for people like me who live outside Metro Manila. According to the PSA website, all regions are reported to have entered positive...
Four and a half years after the end of the five-month long Marawi siege in May to October 2017, Congress has passed Republic Act No. 11696, the Marawi Siege Victims Compensation Act. The law provides compensation to those whose kin were killed, as well as those whose properties were destroyed in...
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...
Former Senator Antonio Trillanes IV is looking at Metro Manila as one of the “important” regions where Vice President Leni Robredo must secure votes to win the presidency in next month’s polls. Former Senator Antonio Trillanes IV and Vice President Leni Robredo (Photo from VPLR Media Bureau)...
ILOILO CITY – The province of Capiz has re-launched ‘voluntourism’ to attract local tourists and the likes to be part of the province’s socio-economic recovery plan. Visitors flock to the belfry of Panay Church in Panay town, Capiz province. The church houses one of the biggest bells in...
“Wastong pag-utang, susi sa pagbangon ng bayan” (Proper borrowing, key to people’s recovery) is the theme of this year’s observance of Credit Consciousness Week a practice that began in the last week of April 1995 with the issuance by then President Fidel V. Ramos of Proclamation No. 568....
