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...
Senator Sherwin Gatchalian on Wednesday said the government should consider tapping the services of college students as tutors when it rolls out a national learning recovery program. Gatchalian stressed it is necessary to consider all possible options to address the learning gap among students amid...
Leading oil firm Petron Corp. is fully back on its toes in the operations of its terminals and gasoline stations in the areas pummelled by Typhoon Odette during the Christmas holidays. Petron Corporation “All stations that sustained damages in Visayas and Mindanao have been fully restored and...
Senatorial aspirant and incumbent Sorsogon Governor Francis “Chiz” Escudero on Sunday urged the national government to set a higher target for job creation through its “Build, Build, Build” program. Escudero pointed out the government’s infrastructure program has received a massive...
The United Nations (UN) warned on Thursday, Jan. 13, that the economic recovery seen in 2021 would slow down in 2022 and in 2023. According to the UN’s World Economic Situation and Prospects 2022, the global economy, which saw a 5.5 percent expansion in 2021, is projected to expand by only 4.0...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
The Department of Finance (DOF) said Filipinos need to learn to live with COVID-19 despite the fear of it, but at the same time the country should remain vigilant as the coronavirus’ mutations continue to occur. As current surge accelerates way faster than the previous wave of infections, Finance...
