Business

The Economy

Philippines: World Bank Approves US$500 Million to Help Mitigate Impact of COVID-19 Pandemic

Washington —The World Bank’s Board of Executive Directors today approved a US$500 million loan to help the Philippines mitigate the impact of COVID-19 pandemic on poor and vulnerable households, and…

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The Economy

Economic reform bill ‘CREATE’ aims to fuel investments, save and create new jobs for the Philippines

Department of Finance Secretary Carlos Dominguez III said on Tuesday, May 26 that now is the best time to reform corporate taxation and modernize the country’s investment incentives system by…

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The Economy

DTI pushes for immediate passage of stimulus package to mitigate COVID-19 fallout

“By providing working capital assistance, technical and entrepreneurial education, and financial management, among others, we will be able to protect Filipinos by ensuring businesses will continue operating post-lockdown and help…

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Entrepreneur

Philippine Embassy in Tokyo joins TESDA’s interactive forum with overseas Filipino leaders, aims to encourage use of free online education programs

Philippine Ambassador to Japan Jose C. Laurel V joined the Technical Education and Skills Development Authority (TESDA), through the leadership of Director General Isidro S. Lapeña, in an online interactive…

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The Economy

Stimulus package to help economic recovery urged by the Department of Trade and Industry

The Department of Trade and Industry (DTI) is urgently calling for the passage of the proposed Philippine Economic Stimulus Act of 2020 (PESA), which aims to provide immediate assistance to…

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The Economy

Government aims to attract COVID-19 test kit manufacturers to invest in the Philippines

The government is recruiting companies producing test kits for COVID-19 to put up manufacturing facilities in the Philippines, a trade official said. Department of Trade and Industry (DTI) Undersecretary Ceferino…

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Entrepreneur

‘Buy local’ campaign to be revived in the Philippines

The Philippine government is reviving the “buy local” campaign due to the Covid-19 pandemic which is transforming the entire business landscape said Department of Trade and Industry Secretary Ramon Lopez.…

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The Economy

Philippines projected to benefit from ongoing US-China trade war

Although the US and China trade war is anticipated to have a minimal impact on the Philippine economy, the overall long-term outlook is seen to be beneficial. Bangko Sentral ng…

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The Economy

Philippines’ investment advantage in economic recovery from pandemic is having rich human and natural resources says PEZA Chief

“The Philippines will be an investment haven in Asia once its two biggest wealth, its human and natural resources, are tapped and responsibly utilized,” said Philippine Economic Zone Authority (PEZA)…

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The Economy

Registered investments with the Philippine Board of Investments totals P84B for first four months, down from 2019

For the first four months of this year, total investments recorded by the Philippine Board of Investments (BOI) reached Php84.1 billion—a 71% digression from 2019’s Php286.7 billion. “The downturn is…

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Entrepreneur

Department of Agriculture lures OFWs for agri-ventures, offers no interest loans up to P15M

A former overseas Filipino worker (OFW), engineer Celestino Mananguit, of San Ildefonso, Bulacan, developed an integrated eight-hectare livestock farm, expanding it into a techno-demonstration and agri-tourism farm that provides food,…

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The Economy

Department of Tourism partners with WTTC to share experts’ tourism outlook, recovery plans

The tourism industry will recover. This is the consensus of tourism experts tapped by the Philippine Department of Tourism (DOT) and the Tourism Promotions Board (TPB) in partnership with World…

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Entrepreneur

Department of Trade and Industry’s Bureau of Philippine Standards releases Business Continuity Guide

To help local businesses cope with the recent work disruptions caused by the Coronavirus Disease (COVID-19) pandemic, the Department of Trade and Industry’s Bureau of Philippine Standards (DTI-BPS) has issued…

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The Economy

The Philippines Ranks 7th Best Country in the World to Invest in for 2020

According to CEO Magazine, the Philippines ranks as the 7th best country in the world to invest in or do business for 2020. In an article on CEO Magazine’s website,…

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The Economy

Philippine exports dip amid lockdown as expected

As per recent data from the Philippine Statistics Authority (PSA), 6 out of 9 electronics exports groups reported positive growth for the first quarter of 2020 despite the COVID-19 global…

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The Economy

With overseas Filipinos losing jobs abroad, growth in remittance downgraded to 2% for the Philippines

For the Philippines, remittances are among the significant growth drivers of the economy—accounting for roughly 9% of annual domestic output. However, remittance from overseas Filipino workers (OFWs) this year has…

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The Economy

“Balik Probinsya” program paves the way to agricultural industrialization

The Department of Agriculture supports the implementation of the “Balik Probinsya, Bagong Pag-asa (BP2)” program as it will not only decongest Metro Manila and ensure balanced regional development and equitable…

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The Economy

COVID-related economic activities and ‘Balik Probinsya’ Program proposed in the 2020 Investment Priorities Plan

In the proposed 2020 Investment Priorities Plan (IPP) of the Board of Investments (BOI) are economic activities along with the ‘Balik Probinsya’ program—programs aimed at supporting the government’s actions for…

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The Economy

UN report projects global economy to shrink by 3.2% for 2020

According to a UN report released Wednesday, May 13, the global economy is now projected to contract by 3.2% for 2020 as a result of the COVID-19 global pandemic. Further…

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Entrepreneur

Under modified enhanced community quarantine (MECQ), roughly 78% of employees permitted to return to work

More employees can go back to their jobs under the modified enhanced community quarantine (MECQ) said Department of Trade and Industry Secretary Ramon Lopez on Wednesday, May 13. “So, total…

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Philippines: World Bank Approves US$500 Million to Help Mitigate Impact of COVID-19 Pandemic

Economic reform bill ‘CREATE’ aims to fuel investments, save and create new jobs for the Philippines

DTI pushes for immediate passage of stimulus package to mitigate COVID-19 fallout

Philippine Embassy in Tokyo joins TESDA’s interactive forum with overseas Filipino leaders, aims to encourage use of free online education programs

Stimulus package to help economic recovery urged by the Department of Trade and Industry

Government aims to attract COVID-19 test kit manufacturers to invest in the Philippines

‘Buy local’ campaign to be revived in the Philippines

Philippines projected to benefit from ongoing US-China trade war

Philippines’ investment advantage in economic recovery from pandemic is having rich human and natural resources says PEZA Chief

Registered investments with the Philippine Board of Investments totals P84B for first four months, down from 2019

Department of Agriculture lures OFWs for agri-ventures, offers no interest loans up to P15M

Department of Tourism partners with WTTC to share experts’ tourism outlook, recovery plans

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Department of Trade and Industry’s Bureau of Philippine Standards releases Business Continuity Guide

The Philippines Ranks 7th Best Country in the World to Invest in for 2020

Philippine exports dip amid lockdown as expected

With overseas Filipinos losing jobs abroad, growth in remittance downgraded to 2% for the Philippines

“Balik Probinsya” program paves the way to agricultural industrialization

COVID-related economic activities and ‘Balik Probinsya’ Program proposed in the 2020 Investment Priorities Plan

UN report projects global economy to shrink by 3.2% for 2020

Under modified enhanced community quarantine (MECQ), roughly 78% of employees permitted to return to work

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