The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
The Manila-based Asian Development Bank (ADB) has raised its economic growth outlook for the Philippines due to improving coronavirus (COVID-19) situation and the acceleration in the government’s inoculation program. Based on the supplement to the Asian Development Outlook (ADO) 2021 on Tuesday,...
86207658-56E7-4604-A1A0-E340CC9303B6 AirAsia Philippines is banking on “revenge travel” for a very strong 2022 recovery, says its spokesperson Steve Dailisan. People now have the confidence to plan for their future trips as reflected in the forward bookings from 31-120 days, he said. "This...
The World Bank has approved a fresh $600 million loan that aims to support the Philippines’ economic recovery from the coronavirus pandemic. In a statement, the Washington-based multilateral institution said it approved the financing for the government’s reform program to position the country...
Ramon Magsaysay 2021 awardee Roberto “Ka Dodoy” Ballon, along with sectoral representatives, have great expectations on Vice President Leni Robredo’s "Hanapbuhay para sa Lahat (Jobs for All)" plan should she win the presidency in the 2022 polls. Ramon Magsaysay 2021 laureate Roberto “Ka...
The World Bank said the Philippines is facing weaker long-term growth due to lower capital investment as well as loss of human and intangible capital. Without mitigation measures, the Washington-based multilateral institution warned that the country’s long-term growth potential will be only at...
The International Air Transport Association (IATA) said governments are over-reacting to the coronavirus Omicron variant and should immediately rescind travel bans. iata-3 Travel bans are futile against the pandemic and will only derail the recovery of the aviation industry, stated IATA in its...
Government economic managers are on higher alert with the COVID-19 Omicron scare to curtail its possible impact on growth, lockdowns to contain transmission, and other collateral damage to the economy. The Department of Finance (DOF) was first to call for an effective method to minimize the...
Experts said the Philippines' trade relations with the European Union (EU) is crucial as it navigates the challenges of recovering economically from the coronavirus pandemic. (Photo courtesy of the European Union in the Philippines Facebook Page) During the Pilipinas Conference 2021 on Nov. 23, Dr....
OF TREES AND FOREST Former Senate President Manny Villar I have said it before and I will say it again — entrepreneurs will lead our country’s recovery from the COVID-19 pandemic. During the recently concluded Villar SIPAG’s 10th OFW & Family Summit, Trade and Industry Secretary Ramon M....
An effective management of coronavirus risks will allow the country’s economy to recover to the pre-pandemic level by early next year, the National Economic and Development Authority (NEDA) said. During a recent virtual economic briefing, Socioeconomic Planning Secretary Karl Kendrick T. Chua...
The Pasay City government recorded on Friday a 97.39 percent recovery from the dreaded coronavirus disease (COVID-19). This accounts for 21, 452 individuals who have recovered from COVID-19 in the city. Mayor Emi Calixto-Rubiano said the City Health Office (CHO) reported that the number of COVID-19...
