House Ways and Means Committee Chairman and Albay 2nd district Rep. Joey Sarte Salceda says that the country needs to prepare for a coming economic “lost decade", wherein global growth is expected to decline once the country recovers from the coronavirus disease pandemic (COVID-19). Rep. Joey...
The Office of Civil Defense (OCD) spearheaded an inter-agency and multi-sectoral initiative to speed-up the recovery efforts and align the priorities to quickly rebuild the communities that were devastated by typhoon “Odette” in December 2021. Undersecretary Ricardo Jalad, Office of Civil...
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. At the Management Association of the Philippines Economic Briefing on Thursday,...
With the number of coronavirus (COVID-19) cases expected to drop to as low as 1,000 per day by mid-February, Presidential Adviser for Entrepreneurship Joey Concepcion said that it might be time for the country to focus on the economy. Presidential Adviser for Entrepreneurship and Go Negosyo founder...
Malacañang said that the fifth phase of the country's action plan against the coronavirus (COVID-19) pandemic will focus on economic recovery and vaccinating more Filipinos against the virus. Cabinet Secretary Karlo Nograles (Malacañang photo) Cabinet Secretary Karlo Nograles made the...
As daily COVID-19 cases are expected to drop this month, Presidential Adviser for Entrepreneurship Joey Concepcion urged the government to place the country under the least restrictive Alert Level 1 by March. Presidential Adviser for Entrepreneurship and Go Negosyo Founder Joey Concepcion (PCOO/...
The Philippines needs to maintain the momentum seen in the second semester of last year to sustain its economic recovery, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil S. Beltran said the robust growth in the final two quarters of 2021 should be sustained even...
A joint report by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) raised their growth forecast for 2022 to 7.0 percent from 6.0 percent stating the economic recovery is back on the fast growth lane. In the January issue of the Market Call, FMIC and UA&P...
NEDA cites 3 crucial economic measures By Chino S. Leyco The National Economic and Development Authority (NEDA) has identified three economic liberalization measures that are crucial in accelerating economic growth this year and beyond. In a statement, Socioeconomic Planning Secretary Karl Kendrick...
Paranaque PIO file photo Paranaque City Mayor Edwin Olivarez, also the chairman of the Metro Manila Council (MMC), said the economy can now slowly recover under Alert Level 2 as the operational capacity of businesses in the National Capital Region increases from 30 to 50 percent. Olivarez said...
The Pasay City government recorded on Friday, Jan. 28, a 97.48% recovery rate from coronavirus disease (COVID-19). Mayor Emi Calixto-Rubiano said the City Surveillance Unit (CESU) reported that out of the 28,400 confirmed cases, 27,683 have already recovered from the virus. Rubiano said doctors and...
The Philippine economy, as measured by the gross domestic product (GDP), grew 5.6 percent in 2021, slightly beating the government’s downgraded target band of 5.0 percent to 5.5 percent, rebounding from a 9.6 percent decline in the previous year, the Philippine Statistics Authority (PSA) reported...
