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While there remain serious challenges ahead for the next administration, Senator Sonny Angara is confident the Philippines will be able to sustain its path towards recovery and even emerge stronger with the support of its people. Just like what took place in previous administrations whenever there was a change in power, Angara said the key […]
The chairperson of the House Committee on Economic Affairs said the proposed amendments to the Public Service Act (PSA) will aid the country’s economic recovery and will not be a threat to patrimony. AAMBIS-OWA Party-list Representative Sharon Garin assured that safeguards are well in place under the proposed amendments, dispelling fears posed by the expected […]
Economic ministers from the 10 ASEAN Member States (AMS) met through a video conference recently to discuss the implementation of initiatives that will further the region’s post-pandemic economic recovery efforts. As this year’s ASEAN Chair, Brunei Darussalam led the setting of their priority economic deliverables (PEDs). These focus on three strategic thrusts—Recovery, Digitalization, and Sustainability. […]
Fresh off a 25-month high in January, the Philippine manufacturing sector output remained steady in February, according to a survey conducted by IHS Markit. The Purchasing Manager’s Index (PMI) for the country sustained its figure at 52.5, still above the benchmark of 50 that distinguishes expansion from contraction. IHS Markit said operations inched up […]
The worst slump for the Philippine economy since World War II means hunger for more Filipinos, said Senator Kiko Pangilinan, proposing that a people-centered agriculture be the centerpiece of the economic recovery. Pangilinan is reacting to the Philippine Statistics Authority report that the Philippine economy posted a minus-8.3-percent growth in the fourth quarter of 2020, […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the latest employment rate at 91.3% as recorded by the Philippine Statistics Authority (PSA) indicates that the country is on the right track towards economic recovery. The PSA’s Labor Force Survey (LFS) indicated that the employment rate in October 2020 was estimated at 91.3%, which […]
With layoffs still in the horizon as the economy is sputtering back to life and with a still high unemployment rate, the 2021 national budget should fund priority sectors to sustain the recovery, according to Senator Joel Villanueva. Citing the 2021 national expenditure program (NEP), Villanueva raised concerns over the marginal increase in the budget […]
Several senators said controlling the coronavirus disease (COVID-19) pandemic is key to improving the economy, following the 16.5-percent decline in the country’s gross domestic product (GDP) in the second quarter from a year ago. Senate President Pro-Tempore Ralph Recto said the Philippine economy can only improve and “get people back to work, consume and invest” […]
The Philippine economy will recover from the impact of the coronavirus disease 2019 (COVID-19) pandemic, Trade Secretary Ramon Lopez said. Lopez made the assurance, as he admitted that the rising number of COVID-19 cases in the country is harming the country’s economic growth. “Initially, NEDA (National Economic and Development Authority) has the computation that the impact […]