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The government expects the country to bounce back in 2021 as it safely reopens the economy and rolls out the Covid-19 vaccine next year. This positive take was shared by Cabinet Secretary Karlo Nograles, who on Sunday said that “the planned national roll-out of the vaccines, together with sustained efforts to enforce Covid-19 containment protocols […]
Resilient, strategic thinkers and persevering, women entrepreneurs are paving the way in the country’s economic recovery following a slowdown due to the COVID-19 pandemic, Senator Grace Poe said. Despite the fracturing impact of the pandemic, Poe said there is clear optimism and rapid responsiveness among women entrepreneurs to turn the challenges into opportunities not only […]
In order for the economy to rebound from its dismal growth in 2020, Senator Sonny Angara said the efforts to strengthen the country’s health responses should continue as a first step. The economy contracted by 11.5% in the third quarter of this year based on the latest data released by the Philippine Statistics Authority (PSA). […]
With the passage of the Financial Institutions Strategic Transfer Act (FIST) on third reading, Senator Grace Poe is hopeful that banks will be encouraged to lend to businesses and consumers to fuel the Philippine economy and pull it out of a recession. “This is a proactive response to the pandemic that should free up P1.19 […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the decline in the country’s Purchasing Managers’ Index (PMI) from 50.1 in September to 48.5 in October is a “marginal drop.” “The slight decline in the Philippine manufacturing PMI merely reflects a pause in our economy’s recovery momentum. It just shows that we are still […]
Trade Secretary Ramon Lopez said the country must continue to reopen business activities to bring back jobs and revive the economy amid the coronavirus disease (COVID-19) pandemic. Commenting on the latest survey of the World Bank, the National Economic and Development Authority, and the Department of Finance, Lopez said the gradual and safe reopening of […]
Senator Win Gatchalian welcomed the directives of President Rodrigo Duterte on various measures to push forward the economic agenda cited in the fifth State of the Nation Address (SONA), amid the country’s battle against the coronavirus disease (COVID-19). For Gatchalian, the economic agenda set by the President is quite comprehensive. It is embodied in the […]
The continuing rise in coronavirus disease (COVID-19) infections will only worsen the economy, Senator Kiko Pangilinan said, again urging the government to focus on managing the pandemic with the health-centered approach of mass testing, contact tracing, and treatment — not with incoherent, unreasonable, and iron-fist policies. “Naghihingalo ang ating ekonomiya, parang may COVID din. Ang […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez is urging Filipinos to continue supporting local products and help save jobs. During the Laging Handa public briefing recently, Lopez said buying locally-made products will help stimulate demand for Filipino micro, small, and medium enterprises (MSMEs). “Only with this support from our fellow Filipinos, we will […]
Two Cabinet officials have expressed confidence that e-commerce in the country will “continue to grow” and help the economy recover from over two months of strict quarantine protocols to contain the spread of the coronavirus disease (COVID-19). In an interview over Radyo Pilipinas, Trade Secretary Ramon Lopez said he expects e-commerce transactions in the country […]