The National Anti-Poverty Commission (NAPC) on Monday, February 19, acknowledged the progress in the country's employment rate but stressed the need for continued efforts to recover from pandemic losses. Photo from NAPC When asked how is the country’s employment rate going, Danilo Laserna,...
The Department of Finance (DOF) has reported that the law providing tax relief for eligible companies has resulted in the creation of over 100,000 jobs for Filipinos since its implementation two years ago. Data from the DOF showed that total approved investments under the Corporate Recovery and Tax...
A group of education workers on Monday, Jan. 15, slammed the Department of Education (DepEd) for issuing an “abrupt order” that left the teachers as well as school heads in public schools “ill-equipped.” Students during the first 'Catch-Up Fridays' on Jan. 12, 2024. (Photo credit to DepEd...
The Department of Finance (DOF) announced that the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act has already attracted over a trillion pesos in investment capital. According to a Facebook post by the DOF, projects approved under the CREATE Act, which aims to address...
The Philippine Statistics Authority (PSA) has reported a reduction in government spending on disaster risk reduction last year. Data from the PSA showed that the public expenditure on disaster risk reduction activities amounted to just over P315.89 billion in 2022, a 52 percent decrease from the...
The country’s economy surged in the third-quarter on the back of higher consumer spending, the Philippine Statistics Authority (PSA) reported on Thursday, Nov. 9. The economy, as measured by the gross domestic product (GDP), grew by 5.9 percent in July to September this year, stronger compared to...
Teacher Maribel Coronado-Perez while teaching (Photo credit to Maribel Perez / Facebook) There is no denying how the pandemic changed and continues to change the landscape of education across the globe. In the Philippines, the pandemic presented both challenges and opportunities for teaching and...
President Marcos explained that he has been going to different countries to propagate the changes in the Philippines and to ask potential foreign investors what they need for the country to become more investment-friendly. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) Marcos said...
President Marcos said the Philippines had shifted its focus from post-pandemic recovery to transforming its economy, which involves increasing production and investment. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this during his talk at the 10th Asia Summit hosted...
The Department of Finance (DOF) has reported that the government’s recent changes to its corporate tax system have attracted $16.7 billion in investments. At the Philippine Economic Briefing in Dubai, Finance Secretary Benjamin E. Diokno said these investments include 45 major projects and 740...
President Ferdinand "Bongbong" Marcos Jr. has commended the World Bank for its "desirable shift" in its post-pandemic interventions, particularly in the Philippines. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) "I have to commend the World Bank because now I’m looking...
The Department of Finance (DOF) has reported that the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law has spurred investment worth over P720 billion. Under the CREATE law, the government has provided tax incentives to major projects amounting to a total...
