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Senator Nancy Binay reaffirmed the Senate’s commitment to economic growth and stability, addressing concerns about the ongoing political turmoil sparked by Charter change and its potential impact on investors. Contrary to any misconceptions, Binay said the Senate has consistently demonstrated “pro-development” and “pro-progress” stance, evident in the passage of critical economic reforms such as the […]
Senate Majority Leader Joel Villanueva said that the government should not waste any opportunity to sustain the positive momentum of the growth of the Philippine economy. Villanueva made this statement following the news from the Philippine Statistics Authority that the Philippine economy is growing faster than expected with a third quarter growth of 7.6 percent […]
With the country dealing with unemployment as a consequence of the adverse economic impact of the coronavirus disease (COVID-19) pandemic, Cabinet Secretary Karlo Nograles has appealed to the public to adopt a “country first” or #PinasMunaTayo mindset to help Filipino industries and businesses get back on their feet and continue employment of their workers.Speaking on […]
Zamboanga del Norte farmers and residents are now reaping the benefits of a farm-to-market road (FMR)completed by the Department of Public Works and Highways (DPWH) at Barangay Canupong in Gutalac town. Based on a report submitted by DPWH Zamboanga del Norte 2nd District Engineer Romeo A. Sadalaga, Secretary Mark Villar said the P6 million FMR […]
From 73rd ranking last year, the Philippines jumps to 54th place among 129 countries in the 2019 Global Innovation Index (GII). The Philippines scores 36.18 this year, up from last year’s 31.56. The country’s scores significantly increased in five of the GII’s eight pillars: institutions, infrastructure, business sophistication, knowledge & technology outputs, and creative outputs. “It recognizes […]
In today’s committee hearing on the status of implementation of the 2018 budget and the effect of the four-month reenacted budget on the 2019 projected economic growth, Senator Loren Legarda, Chair of the Senate Committee on Finance, said accelerated spending and implementation of government programs are needed to achieve its growth target for 2019. Department […]
Developing new city centers across the country to expand development in the regions and spread economic activities outside the densely populated Metro Manila will help sustain the remarkable economic growth of the Philippines in the coming years, Senator Sonny Angara said. “As the National Capital Region (NCR) becomes increasingly saturated, it is necessary that we […]
Former Special Assistant to the President (SAP) and senatorial aspirant Bong Go has vowed to continue helping President Rodrigo Duterte’s fight against illegal drugs and corruption to boost economic growth. “It is to continue the beneficial programs and reforms we have achieved so far –all of which have resulted to the gains we now enjoy […]
The Board of Investments (BOI) is targeting to increase investment approvals this year in hopes of breaching the P1 trillion mark. Trade Secretary and BOI Chairman Ramon Lopez said the agency is eyeing a 10 percent growth in investment approvals this year from the P907.2 billion projects it had registered in 2018. Lopez noted that […]