The Economy

The Economy

Department of Energy assures exploration in West Philippine Sea won’t compromise Philippine sovereignty

Energy Secretary Alfonso G. Cusi said the Department of Energy (DOE) is working together with the Department of Foreign Affairs (DFA) so that exploration activities in the West Philippine Sea…

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The Economy

Philippines maintains global competitiveness momentum, moves up amid crisis

The Philippines maintained its momentum with a slight upgrade—moving from the 46th to 45th spot in this year’s global competitiveness rankings by the International Institute for Management Development (IMD). The…

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The Economy

Philippine economy projected to rebound by 4% in 2021, down 0.4% for 2020

The Philippine economy is projected to weaken by 0.4% this year in part to the presumptive 5% contraction in remittances due to the ongoing COVID-19 global pandemic. However, the economy…

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The Economy

Historical losses projected for the airline industry, recovery seen if no second wave

The International Air Transport Association (IATA) on Tuesday, June 9, disclosed that the financial outlook for the global air transport industry is projected to lose over USD84.3 billion in 2020—a…

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The Economy

Business Process Outsourcing industry in the Philippines set to rise despite global pandemic and recession

In the coming months of the remainder of 2020, the Philippines’ Department of Labor and Employment is reporting a resurgence of the business process outsourcing industry in the country as…

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The Economy

Philippine Economic Zone Authority to create job opportunities for repatriated overseas Filipino workers

To support the thousands of repatriated overseas Filipino workers (OFWs) severely impacted by the coronavirus pandemic, the Philippine Economic Zone Authority (PEZA) will launch the Development Outreach for Labor, Livelihood,…

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The Economy

DTI Secretary Ramon Lopez reaches out to the Americas’ business sector with message of Philippine economic resilience

Trade Secretary Ramon M. Lopez presented the government’s response to mitigate the effects of COVID-19 on the Philippine economy and its initiatives to lay the groundwork for a new business…

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The Economy

Philippine economy to bounce back in the next 2 years, strong fundamentals continue to sustain economy says World Bank Report

Battered by natural disasters and the COVID-19 global pandemic, the Philippine economy is projected to contract by 1.9% in 2020. However, according to the World Bank’s latest Philippines Economic Update…

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Philippines: Social Assistance to Poor Households, Support for Small Enterprises Key to Broad-Based Recovery

Hammered by natural disasters and the COVID-19 pandemic, the Philippine economy is projected to contract by 1.9 percent in 2020. But there are good chances that the country can bounce…

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The Economy

Record-high unemployment rate in the Philippines exaggerated, not reflective of actual picture of economy

The Philippines’ 17.7% record-high unemployment rate last April does not reflect the actual picture of the economy and the jobs market due to the impact of the global pandemic said…

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The Economy

By the end of 2020, over 6.5 million total jobs created by the Philippines’ Build Build Build Program

The Build Build Build Program of the Department of Public Works and Highways (DPWH) is expected to have generated a total of 6.57 million jobs by the close of 2020.…

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The Economy

To ease social and economic impact of COVID-19 crisis, the Philippines and World Bank sign $500M loan agreement

To support the government’s ongoing efforts to ease the social and economic impact of the coronavirus disease 2019 (Covid-19) outbreak on poor households and workers of micro, small and medium…

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The Economy

Expressway to Cabanatuan City partially open by December 2020

The Department of Public Works and Highways (DPWH) targets to open to motorists the major segment of Central Luzon Link Expressway or CLLEX Phase 1 leading Cabanatuan City by the…

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The Economy

Outlook of remittance to the Philippines remains optimistic for remainder of year, recent decline seen as temporary

Despite the repatriation of overseas Filipino workers (OFWs) due to the ongoing onslaught of the COVID-19 global pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno remained optimistic on the…

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The Economy

Harbor Link project estimated to cut travel time from Quezon City to Manila to only 10 minutes

Department of Public Works and Highways Secretary Mark A. Villar said at his inspection on Monday, June 1, that the deck slab concreting works at the NLEX Harbor Link Segment…

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The Economy

PEZA Board approves 26 new investments in the Philippines worth P13.1 Billion amid COVID crisis

The Philippine Economic Zone Authority (PEZA) Board has approved a total of 26 projects in the month of April and May 2020 last Thursday, May 21. This was the first…

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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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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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Department of Energy assures exploration in West Philippine Sea won’t compromise Philippine sovereignty

Philippines maintains global competitiveness momentum, moves up amid crisis

Philippine economy projected to rebound by 4% in 2021, down 0.4% for 2020

Historical losses projected for the airline industry, recovery seen if no second wave

Business Process Outsourcing industry in the Philippines set to rise despite global pandemic and recession

Philippine Economic Zone Authority to create job opportunities for repatriated overseas Filipino workers

DTI Secretary Ramon Lopez reaches out to the Americas’ business sector with message of Philippine economic resilience

Philippine economy to bounce back in the next 2 years, strong fundamentals continue to sustain economy says World Bank Report

Philippines: Social Assistance to Poor Households, Support for Small Enterprises Key to Broad-Based Recovery

Record-high unemployment rate in the Philippines exaggerated, not reflective of actual picture of economy

By the end of 2020, over 6.5 million total jobs created by the Philippines’ Build Build Build Program

To ease social and economic impact of COVID-19 crisis, the Philippines and World Bank sign $500M loan agreement

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Expressway to Cabanatuan City partially open by December 2020

Outlook of remittance to the Philippines remains optimistic for remainder of year, recent decline seen as temporary

Harbor Link project estimated to cut travel time from Quezon City to Manila to only 10 minutes

PEZA Board approves 26 new investments in the Philippines worth P13.1 Billion amid COVID crisis

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

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

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