The Economy

The Economy

Department of Agriculture aims to make Filipino rice farmers competitive

The Department of Agriculture through the Philippine Center for Postharvest Development and Mechanization (PhilMech) is on track in providing rice farmers appropriate machinery and equipment under the Duterte administration’s Rice…

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The Economy

PEZA to launch DOLLAR job expo, online skills training post-SONA to help employ jobless OFWs, job seekers

Maintaining its goal for the Philippines to be fully industrialized and become an investment hub for ecozones and export-production despite the COVID-19 crisis, the Philippine Economic Zone Authority (PEZA) initiates…

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The Economy

Philippine government focused on bringing jobs back for overseas Filipinos, ready to engage with foreign governments

The Philippine government will exhaust all measures to help support overseas Filipino workers (OFWs) to regain jobs they lost abroad due to the ongoing COVID-19 global pandemic. This mission was…

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The Economy

Auto sales improve for consecutive months in the Philippines

Month-on-month sales of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) continued to record improvements for two consecutive months after quarantine measures were eased since May. A joint…

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The Economy

50 new projects worth P22.5B approved by the Philippine Economic Zone Authority

On Wednesday, July 15, the Philippine Economic Zone Authority (PEZA) said its Board has approved a total of 50 new projects with investments reaching PHP22.5 billion last July 10. Of…

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Under MGCQ, meetings, conventions, and exhibitions to be allowed at 50% capacity

According to the guidelines set by the Department of Tourism (DOT), meetings, conventions, and exhibitions can be held only in areas under the modified general community quarantine (MGCQ) and only…

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The Economy

Approved investments of the BOI surges 112%

The Philippine Board of Investments (BOI) recorded Php645.3 billion of approved investments in the first six months of the year, bouncing back strongly with a 112% surge from just Php304.4.…

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The Economy

Philippine exports making their way back to the international market

Still reeling from the impact of COVID-19, Philippine merchandise exports in May 2020 amounted to USD 3.99B, an increase of more than USD 1B from April’s USD 2.83B—the lowest recorded…

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The Economy

Increase in operating capacity to be permitted for businesses in the Philippines

To continue moving forward with the gradual reopening of the Philippine economy, the Department of Trade and Industry (DTI) will allow businesses such as barbershops, salons, and even restaurants to…

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P46.6B budget for PH Digital Transformation pushed for 2021

The Department of Information and Communications Technology (DICT) seeks the approval of its proposed P46.6 Billion budget for fiscal year (FY) 2021. This is to effectively implement the Department’s strategic…

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President Duterte justifies gradual reopening of the Philippine economy, citing science and other countries

On Wednesday, June 8, President Rodrigo Roa Duterte called for citizens of the Philippines to understand that the government’s actions for gradually reopening the economy is to jumpstart it first…

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Convenience of e-payments skyrockets in the Philippines, major behavioral shift seen in the country

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno continues to be optimistic about the further expansion of electronic payments in the Philippines especially after consumers experienced the vast benefits during…

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The Economy

United Nations Trade and Development Agency says global tourism stands to lose $1.2 trillion, much more if pandemic continues

With the ongoing COVID-19 pandemic, according to the UN Trade and Development Agency (UNCTAD), the global tourism sector stands to lose at minimum USD1.2 trillion or 1.5% of the global…

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The Economy

Consumers urged to buy local products to save jobs in the Philippines

In order to save local jobs in the Philippines, Filipinos encouraged to buy local products. During the Laging Handa public briefing Thursday, July 2, Department of Trade and Industry Secretary…

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The Economy

Department of Trade and Industry credits the Department of Transportation orders to address high shipping costs

Department of Trade and Industry (DTI) Secretary Ramon Lopez credited and supported the initiatives taken by Department of Transportation (DOTr) Secretary Arthur Tugade to address mounting complaints against unreasonable shipping…

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The Economy

Polish that resume! Potential job opportunities in the BPO industry for newly arrived overseas Filipinos in the Philippines

Overseas Filipino workers who recently returned to the Philippines due to losing their jobs abroad due to the ongoing COVID-19 global pandemic may have job opportunities in the business process…

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The Economy

After historical decline in April, global trade unlikely to reach ‘worst-case scenario’

Amid the COVID-19 global pandemic, the global trade outlook for the remainder of this year is now seen as “unlikely to reach the worst-case scenario” said the World Trade Organization…

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The Economy

Foreign reserves of the Philippines reaches record-high of $93.3 Billion

Based on preliminary data, the Philippines’ gross international reserves (GIR) level, grew by USD2.35 billion to USD93.29 billion as of end-May 2020 from the end-April 2020 level of USD90.94 billion.…

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The Economy

Trade ministers affirm to sign Regional Comprehensive Economic Partnership before end of 2020

Manila — At the 10th Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting conducted through video conference on 23 June 2020, the trade ministers of the 10-member states of ASEAN…

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The Economy

Tourism industry accounts for almost 13% of GDP—proving critical to economic recovery in the Philippines

According to government statistics, the tourism industry increased its contribution to the country’s economy to almost 13% of the gross domestic product (GDP) in 2019—confirming the industry’s critical role for…

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Department of Agriculture aims to make Filipino rice farmers competitive

PEZA to launch DOLLAR job expo, online skills training post-SONA to help employ jobless OFWs, job seekers

Philippine government focused on bringing jobs back for overseas Filipinos, ready to engage with foreign governments

Auto sales improve for consecutive months in the Philippines

50 new projects worth P22.5B approved by the Philippine Economic Zone Authority

Under MGCQ, meetings, conventions, and exhibitions to be allowed at 50% capacity

Approved investments of the BOI surges 112%

Philippine exports making their way back to the international market

Increase in operating capacity to be permitted for businesses in the Philippines

P46.6B budget for PH Digital Transformation pushed for 2021

President Duterte justifies gradual reopening of the Philippine economy, citing science and other countries

Convenience of e-payments skyrockets in the Philippines, major behavioral shift seen in the country

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United Nations Trade and Development Agency says global tourism stands to lose $1.2 trillion, much more if pandemic continues

Consumers urged to buy local products to save jobs in the Philippines

Department of Trade and Industry credits the Department of Transportation orders to address high shipping costs

Polish that resume! Potential job opportunities in the BPO industry for newly arrived overseas Filipinos in the Philippines

After historical decline in April, global trade unlikely to reach ‘worst-case scenario’

Foreign reserves of the Philippines reaches record-high of $93.3 Billion

Trade ministers affirm to sign Regional Comprehensive Economic Partnership before end of 2020

Tourism industry accounts for almost 13% of GDP—proving critical to economic recovery in the Philippines

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