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Senator Chiz Escudero has urged the Marcos administration’s economic managers to increase the gross domestic product (GDP) moving forward in order to maintain the country’s debt-to-GDP ratio at a manageable level. During the recent plenary session, Escudero cited the need to explore all possibilities to maintain the debt-to-GDP ratio as he made the manifestation on […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez attributed the growth in the country’s manufacturing output to the continued easing of economic restrictions amid the challenges of the COVID-19 pandemic. The latest report published by global provider IHS Markit noted that the country’s purchasing manager’s index (PMI) jumped to a high of 52.8 in […]
An online public hearing for the Regional Comprehensive Economic Partnership (RCEP) Agreement was conducted by the Senate Committee on Foreign Relations (CFR) recently. The hearing was led by Senator Koko Pimentel, Chairperson of the CFR and attended by representatives from the government, academe, private sectors, and civil society organizations. The Department of Trade and Industry […]
Despite the economic blow from the COVID-19 pandemic in 2020, the regional per capita output in Northern Mindanao remains high, according to the National Economic Development Authority (NEDA) 10. At an online conference for the Regional Development Council-10 (RDC-10), Mylah Faye Aurora Cariño, NEDA-10 Director, said despite an overall downtrend, Northern Mindanao’s per capita output emerged as the second-highest among all regions, […]
The Philippine mining industry contributed ₱102.3 billion to the Gross Domestic Product (GDP) in 2020 despite the challenges posed by the COVID-19 pandemic, according to a report released by Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR).In the report, the DENR-MGB estimated the metallic mineral production value of gold, […]
Trade Secretary Ramon Lopez expressed confidence in a more optimistic business outlook for 2021 in reaction to the latest Social Weather Stations (SWS) report of the November 2020 Net Economic Optimism. The report, conducted from 21 to 25 November, indicated that 42% of Filipinos expect the local economy in better shape in the next 12 […]
Senator Sonny Angara is calling for more support for local industries, with particular focus on diversification in order to boost exports and help the growth of the local economy. Presiding over the Development Budget Coordination Committee (DBCC) briefing on the proposed 2020 national budget as chairman of the Senate Committee on Finance, Angara noted how […]
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 […]
Reelectionist Senator Sonny Angara is urging government to direct more energy and resources towards improving the agriculture sector to help the country achieve inclusive growth and food security. “If we invest more on revitalizing the agriculture sector, we provide not only food stability for the country’s growing population, but also jobs and livelihoods for millions […]