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Senator Nancy Binay said the proposed amendments to the economic provisions of the 1987 Constitution are “not a magic solution” to the problems confronting the Philippine economy and every struggling Filipino citizen. In a radio interview, Binay questioned whether the proposed amendments would genuinely lead to lower prices of basic commodities. “Hindi lang ito ang […]
The country’s premier industry development and investment promotion agency recorded P1.16 trillion (T) in investment approvals—the highest-ever level in the Agency’s 56-year history. This surpasses the previous record of P1.14T generated in 2019 and is already 59-percent higher than last year’s P729.1 billion (B) level. This also marks the third time in four years the […]
Renewing its commitment to the economic recovery initiatives of President Ferdinand Marcos Jr., Department of Trade and Industry (DTI) Secretary Fred Pascual laid down the major milestones achieved by the Department throughout the year in areas of trade expansion, investment promotion, business climate competitiveness, workforce upskilling, and digital transformation for micro, small, and medium enterprises (MSMEs), […]
The Senate is a step closer to approving the Tatak Pinoy (Proudly Filipino) bill that aims to further develop our industries, propel our economy forward, create more opportunities and higher incomes for Filipinos. Four years in the making, the Tatak Pinoy advocacy of Senator Sonny Angara is now a bill that was included in the […]
Senator Chiz Escudero exhorted the youth to maximize the power of modern technology to improve the Philippines’ competitiveness in the global arena and make the country a better place for all Filipinos. Speaking at Ignite: GCash Innovation Summit 2023, Escudero said the young Filipinos have all the data or information they need in just a […]
Senate Minority Leader Koko Pimentel III said the Filipino people deserve unfiltered truth during President Ferdinand Marcos Jr’s 2nd State of the Nation Address (SONA). Pimentel leaves no room for sugarcoating or glossing over the harsh realities facing the entire nation and expects the President to do the same when he faces the nation. “During […]
The Philippines is on track to lead its Southeast Asian neighbors in economic growth and jobs creation in the months ahead, but severe El Niño weather conditions could pose a significant risk, House of Representatives Minority Leader and 4Ps Party-list Representative Nonoy Libanan said. “Government should spare no effort in mitigating El Niño’s adverse impact […]
In celebration of MSME Week, Senate President Pro Tempore Loren Legarda underscored the state’s support to micro, small, and medium enterprises (MSMEs), and struggling entrepreneurs as they serve as the vital backbone of the Philippine economy. According to the latest data from the Philippine Statistics Authority (PSA), as cited by the Department of Trade and […]
Speaker Martin Romualdez assured American businesses of the solid commitment of Congress to support the initiatives and programs of President Ferdinand Marcos, Jr. to make the Philippines a more investor-friendly place.“The 19th Congress, in partnership with President Ferdinand Marcos, Jr., is committed to creating an environment that fosters economic growth and attracts investments,” Romualdez said […]
Senator Bong Go highlighted continuing efforts to address the economic impact of the pandemic on ordinary Filipinos and help local communities recover. One of which is to institutionalize the One Town, One Product (OTOP) Philippines Program that was approved by the Senate on the third and final reading recently. Senate Bill No. 1594, which was […]