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Senate Minority Leader Koko Pimentel III said he agrees with President Ferdinand Marcos Jr.’s statement that foreign investments can still trickle in without amending the Constitution but stressed the future need to revisit its political provisions to improve the country’s system of governance. “The President is correct to say that there are better things that […]
With the country’s economy picking up speed, Speaker Martin Romualdez said the House of Representatives will work double-time next year to ensure that whatever economic gains achieved would translate to better living conditions for Filipino families. “We, in the House of Representatives, welcome the good news from our Finance Secretary that the worst is over […]
As Board Chairman of the Philippine Economic Zone Authority (PEZA), Trade Secretary Fred Pascual praised PEZA’s top-performing economic zone developer and locator companies during the Investors’ Recognition Day recently. In its 27th year, PEZA serves as a primary government agency that handles investment promotion in the export industry and ecozone developments in the country. The Authority […]
Senator Francis Tolentino said that revitalizing and strengthening the tourism industry is a primary ingredient in “jumpstarting” the pandemic-stricken economy across the Asia-Pacific Region. Tolentino made the remark during his speech at the 30th Annual Meeting of the Asia Pacific Parliamentary Forum in Bangkok, Thailand. According to the legislator, the need to revive the tourism […]
Department of the Interior and Local Government (DILG) Secretary Benjamin Abalos, Jr. urged local government units (LGUs) to develop and carry out transformative programs to ease the economic burden of their constituents due to the surging oil and commodity prices. “With the recent spike in prices of commodities and the aftermath of surging inflation, LGUs […]
The administration of President Rodrigo Duterte did a fair job in borrowing money amid the pandemic, Senator Sonny Angara said. Angara, chair of the Senate committee on finance, said he understands the need for the government to borrow money to support the economy and provide for the needs of its constituents. “It’s been a difficult […]
The Senate unanimously approved two bills that could bring a huge impact on the local economy of Bulacan. Senator Joel Villanueva thanked his colleagues for passing House Bill No. 10444 or the Act Converting the Municipality of Baliwag in Bulacan into a component city. “On behalf of the people of Baliwag, we would like to […]
Albay governor-elect and outgoing Legazpi City Mayor Noel Rosal expressed satisfaction as he leaves his office with more than enough funds for the continuance of his flagship programs for the city and its sustained development. Rosal said he felt sad about giving up his post as city mayor but is happy to leave behind enough financial […]
The Department of Trade and Industry (DTI) issued the new Suggested Retail Prices (SRP) for basic necessities and prime commodities. The price guide of 218 SKUs under DTI’s jurisdiction was published in the Philippine Star on 11 May 2022. 136 Stock Keeping Units (SKUs) or 62% retained their 27 January 2022 SRP Bulletin prices, while […]
Philippine exports hit the highest quarterly record in the last six years at $19.4B in the first quarter of 2022, increasing by 9.8% as compared to the same period last year based on the preliminary data from the Philippine Statistics Authority (PSA). From 2017 to 2020, first-quarter export levels hovered around $16B. This record was […]