The Philippines registered the highest volume of summer bookings in Southeast Asia and ranked among the most popular destinations for US visitors, according to global travel analytics firm ForwardKeys on Friday, June 17. While Southeast Asia "lagged far behind the rest of the world in its recovery...
The Philippine economy is poised to grow at a much slower pace than government’s target this year due to intensifying global uncertainties, the World Bank said on Wednesday, June 8. Based on World Bank’s Philippine Economic Update June 2022 edition, the Washington-based lender projected that...
Malacañang has welcomed the country's improvement in the Covid-19 Recovery Index reported by Tokyo-based business publication, Nikkei. "The country’s improved performance, described as “the best” by the Tokyo-based business publication, reaffirms the effective recalibration of strategies of...
The Department of the Interior and Local Government (DILG)-Region 1 conducted a series of training on Local Economic Development for local government units (LED4LGUs) to aid seven localities boost their economy amid the adverse effects of the Covid-19 pandemic. Through the Local Government...
The Philippine envoy to the United States believes that President-elect Ferdinand Marcos Jr. will be an “advantage” to the two countries’ relations as he would ensure economic recovery by reaching out to traditional allies like the US. Philippine Ambassador to the United States Jose Manuel...
As the Department of Health (DOH) expanded the coverage of Covid-19 vaccine's booster shots, Presidential Adviser for Entrepreneurship Joey Concepcion said that while this is a welcome development, the real threat of Covid infections remains among the country's working sector, particularly those...
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...
