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The Economy

667 posts
  • The Economy

DOT: 2018 records all time high 7.1m visitor arrivals

  • January 24, 2019
  • Balikbayan Media Center
Manila, Philippines— 7,127,168 foreign tourists visited the Philippines last year tallying the highest ever number in the country’s tourism industry according to the Department of Tourism (DOT). The improvement came…
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  • Europe
  • The Economy

Adult education as part of life long and life wide personal development

  • January 23, 2019
  • Balikbayan Media Center
QUEZON CITY, Jan. 23 — “Adult education as part of life long and life wide personal development will be promoted under the Duterte administration” – CHED Chairman de Vera This…
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  • The Economy

Senate approves 2019 National Budget on third reading

  • January 21, 2019
  • Balikbayan Media Center
PASAY CITY, Jan. 21 — The Senate today unanimously passed on third and final reading the 2019 General Appropriations Bill (GAB). Senator Loren Legarda, Chair of the Senate Committee on…
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  • Asia
  • The Economy

Presidents Duterte and Sirisena vow to implement measures to deepen relations

  • January 18, 2019
  • Balikbayan Media Center
MALACAÑAN — President Rodrigo Roa Duterte and Sri Lankan President Maithripala Sirisena on Wednesday, January 16, agreed to implement concrete actions aimed at enhancing the ties between the two nations.…
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  • The Economy

World Bank Doubles Philippines Natural Disaster Risk Insurance with US$390 Million in Coverage

  • January 14, 2019
  • Balikbayan Media Center
Washington, D.C., January 14, 2019—The World Bank has renewed an insurance program to help the Philippines better respond to losses from climate and disaster risks. The renewal provides 25 provinces in…
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  • Australia
  • The Economy

PH Ambassador to Australia Meets Austal on Cebu Operations

  • January 10, 2019
  • Balikbayan Media Center
CANBERRA 09 January 2019 — Ambassador to Australia Ma. Hellen B. De La Vega met with Austal Vice President for Defense Davyd Thomas on 18 December 2018 to discuss updates…
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  • The Economy

President Duterte announces Manila Bay clean up

  • January 9, 2019
  • Balikbayan Media Center
PASAY CITY — President Rodrigo Roa Duterte on Tuesday, January 8, announced a major clean-up of the Manila Bay, warning hotels in the area to refrain from dumping their waste…
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  • Asia
  • The Economy

Newly rehabilitated Tubigon seaport reopens

  • January 6, 2019
  • Balikbayan Media Center
TUBIGON, Bohol, Jan. 6 — Five years in the wake of the destructive magnitude 7.2 quake, Bohol’s Tubigon Seaport rises from the rubble as it reopens today, 05 January 2019.…
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  • Asia
  • The Economy

Palawan communities enjoy brighter days

  • December 23, 2018
  • Ritchel Mendiola
In today’s technologically-advanced world, it’s hard to believe there are still areas where people have no access to bare necessities such as electricity and water. In the Philippines alone, around…
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  • Asia
  • The Economy

The $26.3 Trillion untapped oil deposits of the Philippines

  • December 23, 2018
  • Ritchel Mendiola
With its untapped hydrocarbon deposits estimated at USD26.3 trillion, the Philippines is virtually “sitting on a mountain of gold.” These oil deposits, mostly found in the disputed Spratly chain of…
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  • Asia
  • The Economy

World Bank Updates Growth Forecasts for the Philippines

  • December 21, 2018
  • Balikbayan Media Center
MANILA, December 21, 2018 – As part of its forecasting exercise, the World Bank has updated its growth projections for the Philippines to 6.4 percent in 2018 and 6.5 percent in…
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  • Asia
  • The Economy

$408 Million ADB Financing Package to Aid Marawi Rebuilding

  • December 14, 2018
  • Balikbayan Media Center
MANILA, PHILIPPINES (14 December 2018) — The Asian Development Bank (ADB) approved today a $408 million financing package to assist the government in rebuilding and rehabilitating the southern Philippine city of…
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  • The Economy

President Duterte counts on tourism for inclusive growth and poverty alleviation

  • December 12, 2018
  • Balikbayan Media Center
DAVAO CITY — President Rodrigo Roa Duterte on Friday, December 7, reaffirmed the importance of tourism in achieving inclusive growth and reducing poverty by creating more job opportunities for the…
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  • Asia
  • The Economy

Asia’s Growth Outlook Steady Despite PRC–US Trade Conflict

  • December 12, 2018
  • Balikbayan Media Center
MANILA, PHILIPPINES (12 December 2018) — Economies in developing Asia and the Pacific are weathering external challenges thanks to robust domestic demand, while inflationary pressures are abating, says a new report…
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  • Asia
  • The Economy

President Duterte led the groundbreaking of Ozamiz Airport Modernization Project

  • November 30, 2018
  • Balikbayan Media Center
OZAMIZ CITY — President Rodrigo Roa Duterte on Wednesday, November 28, spearheaded the time capsule laying for the groundbreaking ceremony for the construction of the New Passenger Terminal in line…
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  • Asia
  • The Economy

Investors keen on drilling for oil and gas

  • November 28, 2018
  • Balikbayan Media Center
TAGUIG CITY, Nov. 28 — Department of Energy (DOE) Secretary Alfonso G. Cusi yesterday said that the “keen interest which many investors expressed in exploring oil and gas in the…
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  • Destinations
  • The Economy

Clark: It works. Like a dream.

  • November 28, 2018
  • Balikbayan Media Center
The Bases Conversion and Development Authority (BCDA) and the Clark Development Corporation (CDC) launched on November 26, 2018, the new Clark brand integrating the four districts: the Clark Freeport Zone,…
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  • Asia
  • The Economy

President Duterte renews promise of gov’t full support to private partners

  • November 28, 2018
  • Balikbayan Media Center
DAVAO CITY — President Rodrigo Roa Duterte on Monday, November 26, renew his vow to the government’s private partners of full support in conducting their businesses as long as their…
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  • Asia
  • The Economy

Department of Budget and Management presents plans for Visayas in Cebu event

  • November 26, 2018
  • Balikbayan Media Center
MANILA, Nov. 25 — DBM Assistant Secretary Rolando Toledo delivered a speech on behalf of Secretary Benjamin Diokno at the American Chamber of Commerce Philippines’ Annual Thanksgiving event at Waterfront…
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  • Asia
  • The Economy

Philippines, Japan partner for smart city solutions

  • November 24, 2018
  • Balikbayan Media Center
The Bases Conversion and Development Authority (BCDA) and the Japan External Trade Organization (JETRO) held a seminar entitled “New Clark City with Japan: Creating a Smart City with High Quality…
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