The Economy – Page 31 – Balikbayan Magazine

Higher Productivity is Key to Prosperous Philippines – World Bank

MANILA, September 24, 2018 – Sustaining higher productivity growth will be key for the Philippines to achieve its vision of becoming a prosperous society free of poverty by 2040, according to a new World Bank study released here today. Titled Growth and…

Philippine peso dips to P54 vs $1 creates great opportunity for Balikbayans looking to invest

The Philippine peso took another hit on Wednesday, September 12, closing at P54.13 per US dollar — its weakest in 13 years. Attributed to the peso’s fall is the widening…

ADB $300 Million Loan to Boost Filipinos’ Access to Financial Services

MANILA, PHILIPPINES (19 September 2018) — The Asian Development Bank’s (ADB) Board of Directors has approved a $300 million loan to support the Philippine government’s effort to expand financial services across…

ADB Approves New 6-Year Partnership Strategy for the Philippines

MANILA, PHILIPPINES (20 September 2018) — The Asian Development Bank’s (ADB) Board of Directors has approved a new 6-year country partnership strategy (CPS) that lays out ADB’s support to the Philippine…

Ilocos Norte to get gov’t aid after Ompong’s P1.9B damage on agriculture

ILOCOS NORTE — President Rodrigo Roa Duterte on Sunday, September 16, emphasized that the government’s efforts in rebuilding the Ilocos region after Typhoon ‘Ompong’ will prioritize the agricultural sector. This…

PH-Jordan sign USD60.7-M worth of deals

USD60.68 million worth of deals was recently signed by Filipino and Jordanian firms. According to Department of Trade and Industry Secretary Ramon Lopez, these deals are expected to yield economic…

Here’s what you need to know about Typhoon Ompong

Typhoon Ompong (international name Mangkhut) is set to enter the country this weekend. According to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA), Ompong is already 575 km East…

President Duterte and Cabinet members prepare for ‘Ompong’

QUEZON CITY — President Rodrigo Roa Duterte on Thursday, September 13, presided over the National Disaster Risk Reduction and Management Council (NDRRMC) command conference for Typhoon ‘Ompong.’ Before the conference…

President Duterte: “No rice shortage”

MALACAÑANG — President Rodrigo Roa Duterte on Tuesday, September 11, made an assurance that his administration is working to ease the burden of the public in the midst of rising…

Over P2Billion worth of projects planned for the University of the Philippines

DPWH to implement renovations and constructions in UP campuses The Department of Public Works and Highways (DPWH) will carry out a total of P2.76-Billion worth of projects in various campuses…

Experts Discuss Bridging Funding Gap for Asia’s $8.4 Trillion Transport Needs

MANILA, PHILIPPINES (12 September 2018) — Meeting Asia and the Pacific’s transport needs will require $8.4 trillion in financing by 2030, said Asian Development Bank (ADB) President Mr. Takehiko Nakao…

The lowkey delinquent: Inflation disrupts the Philippine economy

A student was on his way home. Tired and exhausted he decided to take the first jeepney that passed by. He paid the exact amount of seven pesos and uttered…

President Duterte returns from productive Israel and Jordan visits

DAVAO CITY – President Rodrigo Roa Duterte arrived at the Davao International Airport Saturday morning, September 8, from his official visits to the State of Israel and Hashemite Kingdom of…

President Duterte vows to help undocumented Filipinos

AMMAN, Jordan — President Rodrigo Roa Duterte on Friday, September 7, pledged that his administration would immediately find solutions regarding the predicaments of Filipinos abroad without legal documents. The President…

President Duterte gives Jordanian investors his “Solemn Commitment”

AMMAN, Jordan –– President Rodrigo Roa Duterte on Thursday, September 6, met with several Jordanian businesspeople here, giving his “solemn commitment” of ease of doing business in the Philippines. “I…

President Duterte’s visit to Jordan valuable for both nations—Envoy

AMMAN — President Rodrigo Roa Duterte arrived in Jordan on Wednesday, September 5, for a three-day official visit. During his trip to the Hashemite Kingdom, the President is eyeing five…

President Duterte aspires to improve disaster response in PH

JERUSALEM — President Rodrigo Roa Duterte on Tuesday, September 4, visited Israel’s Magen David Adom (MDA) for disaster response and rehabilitation presentation and viewing of equipment. During the presentation at…

President Duterte woos Israeli investors: ‘I guarantee you no corruption’

JERUSALEM — President Rodrigo Roa Duterte on Tuesday, September 4, met with several business people in Israel where he pledged to provide them a corruption-free business environment in the Philippines.…

PH, Israel Ink 3 Agreements

JERUSALEM — The governments of the Philippines and the State of Israel have signed three agreements that would strengthen the bilateral ties between the two countries. President Rodrigo Roa Duterte…

President Duterte to visit Israel and Jordan next week

President Rodrigo Roa Duterte is set to undertake historical visits to the State of Israel and the Hashemite Kingdom of Jordan from September 2 to 8, 2018. During a press…

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