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...
Socioeconomic Planning Secretary Karl Kendrick Chua on Thursday, August 26, expressed optimism that the Philippines' economy will recover to a pre-pandemic level late next year or in early 2023. NEDA Secretary Karl Kendrick Chua (Malacañang Photo) During the first hearing of the House Committee...
Presidential Adviser for Entrepreneurship Joey Concepcion said the private sector is hopeful that Metro Manila would soon achieve "micro-herd immunity" that would in turn boost economic activity in the region. Presidential Adviser for Entrepreneurship Joey Concepcion presents the proposed travel...
Communications Secretary Martin Andanar said the Duterte administration is already preparing the country to bounce back to a more dynamic economy post-pandemic as it strived to curb the impacts of the coronavirus disease (COVID-19). Presidential Communications Secretary Martin Andanar (File...
The Japan International Cooperation Agency (JICA) approved the fourth and final tranche of its standby loan, which will be used in the Philippines’ post-pandemic recovery programs, the Department of Finance (DOF) announced. JICA In a statement, Finance Secretary Carlos G. Dominguez III said the...
The government’s chief economic manager said the two-week enhanced community quarantine (ECQ) has been a big achievement for the country’s inoculation program despite the sustained surge in infections. COVID-19 vaccine Finance Secretary Carlos G. Dominguez III said Friday, August 20, that the...
The ongoing coronavirus disease (COVID-19) pandemic might have greatly affected the local tourism industry, but it should not be an excuse for not pursuing sustainability, Department of Tourism (DOT) Secretary Bernadette Romulo-Puyat said. DOT Secretary Bernadette Romulo-Puyat speaks during the...
The Delta variant-driven lockdowns imposed to curb the spread of the virus triggered the Development Budget Coordination Committee (DBCC) to significantly slash its economic growth outlook for the year. The DBCC, an inter-agency body tasked to set the country’s macroeconomic targets, further...
