The Senate has ratified the bicameral conference committee report on the bill that would open up the Philippines to more foreign investors. Senate of the Philippines plenary hall (Senate PRIB) Senators on Monday, September 20, approved the bicam report which reconciled the disagreeing provisions of...
State-owned Development Bank of the Philippines (DBP) has released P8.5 billion to help rehabilitate public and private companies affected by the prolonged-pandemic. DBP-Bldg-news-1080x714 In the first six months of the year, DBP said the lender has assisted 90 firms under its Rehabilitation...
President Duterte's advisers have expressed their support for the legislation that would institutionalize the use of vaccine passports in international and domestic travel, both for essential and non-essential purposes. A health worker injects a dose COVID-19 vaccine to a woman. (Ali Vicoy/MANILA...
More than 300 Japanese guests from Japan’s leading corporate and financial institutions have participated in the virtual Philippine Economic Briefing (PEB) that highlighted the Duterte administration’s efforts to push for a much stronger and more inclusive economy in the post-COVID-19 pandemic...
President Duterte’s chief economic manager said the government needs a new approach to rein in coronavirus cases and revive the economy as lockdown orders no longer provide benefits to the country. Finance Secretary Carlos G. Dominguez III said the Inter-Agency Task Force (IATF), the government's...
The Department of Finance (DOF) said that careful balance between the need of economic concerns and the health requirements of COVID-19 will drive the Philippines back to its pre-pandemic path of rapid economic growth. Finance Sec. Carlos Dominguez III During the virtual Philippine economic...
As new coronavirus variants continue to emerge, President Duterte’s economic team believes that the COVID-19 illness may become a persistent infection that Filipinos should learn how to live with. Finance Secretary Carlos G. Dominguez The economic managers, composed of heads of the Department of...
The proposed national budget for 2022 reflects the state of the economy and how the government plans to achieve recovery from the pandemic that would, in turn, enable the renewed pursuit of sustained growth. President Duterte has proposed to Congress a budget of P5.042 trillion, an 11 percent...
The Department of Tourism (DOT) was focused on ensuring the sustainability, resiliency, and inclusiveness of the country's tourism industry as the core of its recovery plan for 2022. Department of Tourism Secretary Berna Romulo-Puyat discusses the agency's proposed P3.79 billion budget for the...
The Philippines’ repositioned approach in managing the economic impact of the prolonged pandemic could provide the much-needed support for recovery, Moody’s Analytics said. Moody's Analytics Steven G. Cochrane, Moody’s Analytics economist said in a note on Thursday, Sept. 2, that the...
Communications Secretary Martin Andanar expressed confidence that the Philippines will be able to reopen its economy by 2022 after suffering a blow due to the coronavirus (COVID-19) pandemic. Presidential Communications Secretary Martin Andanar (File photo/PCOO/Facebook) Andanar made the statement...
President Duterte’s economic mangers said the economy will return to pre-pandemic levels within the next two-years, reassuring Congress that the country has the capacity for a rapid expansion pace. (JANSEN ROMERO : MANILA BULLETIN) During the House Committee on Appropriations’ deliberations on...
