The Economy

Asian Development Bank Approves $1.5 Billion Financing to Support the Philippines’ COVID-19 Response

The Asian Development Bank (ADB) has approved a $1.5 billion loan to help the Philippine government fund its novel coronavirus disease (COVID-19) response program and strengthen the country’s health care system…

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Digital payments encouraged, sees significantly increase in volume during ECQ

As a result of the ongoing enhanced community quarantine (ECQ) in many parts of the Philippines, digital payment platforms have shown a significant rise in consumer usage. Data from the…

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The Economy

Philippines: World Bank Approves US$100M to Support COVID-19 Emergency Response

The World Bank approved a US$100 million loan for the Philippines COVID-19 Emergency Response Project to help meet urgent healthcare needs in the wake of the pandemic and bolster the…

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Government’s ‘Build Build Build’ program focused on fueling economic recovery in the Philippines

Infrastructure projects of the Philippine government’s program, “Build Build Build,” will continue to assist the country in bouncing back from the extraordinary impacts of the COVID-19 global pandemic. Under the…

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The Economy

Department of Agriculture eyes idle ancestral lands as food production areas

The Department of Agriculture (DA) is eyeing portions of vast ancestral lands nationwide to be transformed into food production areas to help increase the country’s food supply amid the government’s…

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The Economy

Department of Agriculture’s “Plant, Plant, Plant Program” to benefit all farmers, fishers, and consumers nationwide

The Department of Agriculture (DA) will implement nationwide the Duterte administration’s “Plant, Plant, Plant Program” or “Ahon Lahat, Pagkaing Sapat (ALPAS) Laban sa Covid-19” program to benefit farmers, fishers and…

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The Economy

Oceana Lauds Coastal Mayors for Prioritizing Fishery Resources and Fishers Welfare Amid COVID19

“Every local government executive who gives premium to fishery resources and fisherfolk welfare is worth emulating and serves as a role model for good environmental governance.” This was the statement…

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The Economy

The Department of Tourism outlines tourism response, post-COVID-19 recovery plan to aid private sector

Tourism Secretary Bernadette Romulo-Puyat assures the public that the Department of Tourism (DOT) is doing everything within its mandate to aid the stakeholders of the country’s tourism industry in light…

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The Economy

Government’s Three-Phased Program aims to fuel economic recovery for the Philippines

The government’s actions on the COVID-19 global pandemic will help the economy to recover faster as assured by the National Economic and Development Authority (NEDA). As a result of the…

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The Economy

Maximum efforts needed to boost Philippine trade industry to help economy overcome COVID-19 global pandemic

As the Philippines continues to overcome the extraordinary impact of the COVID-19 global pandemic and thus the resulting challenges of a significant global economic slowdown, the National Economic and Development…

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Prior to Looming COVID-19 Global Pandemic, Philippine Exports Grew in First Few Months of 2020

In the midst of the onslaught of the COVID-19 global pandemic was the Philippine merchandise exports industry ballooning by 2.8% in February 2020 to USD5.4B from USD5.3B as compared to…

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Amongst ASEAN, the Philippines and Singapore experience largest manufacturing decrease in March

Among surveyed Southeast Asian countries in the recent Manufacturing Purchasing Managers’ Index (PMI) of the IHS Markit disclosed on April 1 that the performance of the manufacturing sector of the…

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Philippine GDP Growth to Slide in 2020 Due to COVID-19, Strong Rebound Seen in 2021 — ADB

Manila, Philippines — The Philippines’ economic growth will slow significantly this year before a strong rebound in 2021, with expansionary fiscal and monetary policies partly offsetting slower domestic demand and…

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The Economy

World Bank Group launches first operations for COVID-19 emergency health support, strengthening developing country responses

Broader economic program would provide up to $160 billion over next 15 months The World Bank’s Board of Executive Directors today approved a first set of emergency support operations for…

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The Economy

In hopes of normalising the new reality of social distancing, gradual lifting of community quarantine recommended by DTI Secretary Lopez

In order to further normalise and get society adjusted to the new norm of social distancing in the Philippines, Secretary Ramon Lopez of the Department of Trade and Industry will…

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The Economy

To protect consumers, regulations against hoarders and profiteers during COVID-19 crisis strictly enforced by government departments

The Department of Trade and Industry (DTI), along with the National Bureau of Investigation (NBI) and the Philippine National Police Criminal Investigation and Detection Group (PNP-CIDG), seized a total of…

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The Economy

Department of Agriculture intensifies urban agriculture development through veggie seed distribution due to COVID-19 crisis

To ensure food availability and sustain production amidst the threat of COVID-19, the Department of Agriculture (DA) is intensifying the promotion of urban agriculture through the distribution of free vegetable…

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The Economy

Government departments to ensure mandated price freeze on basic necessities and prime commodities during quarantine

Department of Trade and Industry (DTI) Secretary Ramon Lopez and Department of Agriculture (DA) Secretary William Dar are working closely with local government units (LGUs) to ensure the proper implementation…

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The Economy

To weather storm brought on by COVID-19, businesses can avail of financial assistance from the Development Bank of the Philippines

The state-owned Development Bank of the Philippines (DBP) is ready to provide financing to businesses and local government units (LGUs) which may be affected by the quarantine imposed by the…

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The Economy

Despite Covid-19 crisis, automobile sales in the Philippines projected to grow in 2020

Due to negative impacts of the Covid-19 outbreak, the Philippines’ automotive industry is forecasted to grow by only 0.4 percent this year to 371,345 units, lower from its previous projection of…

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Asian Development Bank Approves $1.5 Billion Financing to Support the Philippines’ COVID-19 Response

Digital payments encouraged, sees significantly increase in volume during ECQ

Philippines: World Bank Approves US$100M to Support COVID-19 Emergency Response

Government’s ‘Build Build Build’ program focused on fueling economic recovery in the Philippines

Department of Agriculture eyes idle ancestral lands as food production areas

Department of Agriculture’s “Plant, Plant, Plant Program” to benefit all farmers, fishers, and consumers nationwide

Oceana Lauds Coastal Mayors for Prioritizing Fishery Resources and Fishers Welfare Amid COVID19

The Department of Tourism outlines tourism response, post-COVID-19 recovery plan to aid private sector

Government’s Three-Phased Program aims to fuel economic recovery for the Philippines

Maximum efforts needed to boost Philippine trade industry to help economy overcome COVID-19 global pandemic

Prior to Looming COVID-19 Global Pandemic, Philippine Exports Grew in First Few Months of 2020

Amongst ASEAN, the Philippines and Singapore experience largest manufacturing decrease in March

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Philippine GDP Growth to Slide in 2020 Due to COVID-19, Strong Rebound Seen in 2021 — ADB

World Bank Group launches first operations for COVID-19 emergency health support, strengthening developing country responses

In hopes of normalising the new reality of social distancing, gradual lifting of community quarantine recommended by DTI Secretary Lopez

To protect consumers, regulations against hoarders and profiteers during COVID-19 crisis strictly enforced by government departments

Department of Agriculture intensifies urban agriculture development through veggie seed distribution due to COVID-19 crisis

Government departments to ensure mandated price freeze on basic necessities and prime commodities during quarantine

To weather storm brought on by COVID-19, businesses can avail of financial assistance from the Development Bank of the Philippines

Despite Covid-19 crisis, automobile sales in the Philippines projected to grow in 2020

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