Two Senate panels have pushed for the passage of the bill that would institutionalize benefits for individuals who have been vaccinated against the novel coronavirus disease (COVID-19). Senator Pia Cayetano (Office of Senator Cayetano) Senator Pia Cayetano recently sponsored bill Senate Bill No....
Prospects for the country’s growth remains promising as the National Economic and Development Authority (NEDA) highlighted that recovery is now hinging on actions being taken in dealing with the coronavirus. Socioeconomic Planning Secretary Karl Kendrick T. Chua said that accelerating the...
After announcing a plot twist to the upcoming May polls, President Duterte has opted to devote the rest of his term in guiding the country toward its recovery from the coronavirus disease (COVID-19) pandemic, Malacañang said. President Rodrigo Duterte (Malacañang photo) Presidential Spokesman...
Rizal 2nd District Rep. Fidel Nograles on Thursday, September 30, cited the potential of a soon-to-be constructed inter-provincial road connecting Rizal and Bulacan in playing a key role in both provinces’ post-pandemic recovery. Rizal 2nd District Rep. Fidel Nograles “We are literally paving...
The World Bank trimmed its growth forecast for the Philippines this year and expects the country's economic activity to return to pre-pandemic level by 2023 yet because the government is likely to miss the goal of vaccinating most of its population by the end of 2021. Based on the World Bank East...
The long-term economic cost of the coronavirus and the pandemic-induced lockdowns would be over three-times greater than the multi-trillion peso debt obligations of the government, the National Economic and Development Authority (NEDA) estimated. Socioeconomic Planning Secretary Karl Kendrick T....
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...
