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The Philippines is on track to lead its Southeast Asian neighbors in economic growth and jobs creation in the months ahead, but severe El Niño weather conditions could pose a significant risk, House of Representatives Minority Leader and 4Ps Party-list Representative Nonoy Libanan said. “Government should spare no effort in mitigating El Niño’s adverse impact […]
In celebration of MSME Week, Senate President Pro Tempore Loren Legarda underscored the state’s support to micro, small, and medium enterprises (MSMEs), and struggling entrepreneurs as they serve as the vital backbone of the Philippine economy. According to the latest data from the Philippine Statistics Authority (PSA), as cited by the Department of Trade and […]
Speaker Martin Romualdez assured American businesses of the solid commitment of Congress to support the initiatives and programs of President Ferdinand Marcos, Jr. to make the Philippines a more investor-friendly place.“The 19th Congress, in partnership with President Ferdinand Marcos, Jr., is committed to creating an environment that fosters economic growth and attracts investments,” Romualdez said […]
Senator Bong Go highlighted continuing efforts to address the economic impact of the pandemic on ordinary Filipinos and help local communities recover. One of which is to institutionalize the One Town, One Product (OTOP) Philippines Program that was approved by the Senate on the third and final reading recently. Senate Bill No. 1594, which was […]
The Quezon City Government will jumpstart this month the country’s first Market One-Stop-Shop (MOSS) system at Murphy Market. MOSS, a project of the Market Development and Administration Department (MDAD), will initially cover the digital and simplified process of market registration and permit application for QCitizen market owners, vendors, and stall owners in its eight city-owned […]
Senate Minority Leader Koko Pimentel III said he agrees with President Ferdinand Marcos Jr.’s statement that foreign investments can still trickle in without amending the Constitution but stressed the future need to revisit its political provisions to improve the country’s system of governance. “The President is correct to say that there are better things that […]
With the country’s economy picking up speed, Speaker Martin Romualdez said the House of Representatives will work double-time next year to ensure that whatever economic gains achieved would translate to better living conditions for Filipino families. “We, in the House of Representatives, welcome the good news from our Finance Secretary that the worst is over […]
As Board Chairman of the Philippine Economic Zone Authority (PEZA), Trade Secretary Fred Pascual praised PEZA’s top-performing economic zone developer and locator companies during the Investors’ Recognition Day recently. In its 27th year, PEZA serves as a primary government agency that handles investment promotion in the export industry and ecozone developments in the country. The Authority […]
Senator Francis Tolentino said that revitalizing and strengthening the tourism industry is a primary ingredient in “jumpstarting” the pandemic-stricken economy across the Asia-Pacific Region. Tolentino made the remark during his speech at the 30th Annual Meeting of the Asia Pacific Parliamentary Forum in Bangkok, Thailand. According to the legislator, the need to revive the tourism […]
Department of the Interior and Local Government (DILG) Secretary Benjamin Abalos, Jr. urged local government units (LGUs) to develop and carry out transformative programs to ease the economic burden of their constituents due to the surging oil and commodity prices. “With the recent spike in prices of commodities and the aftermath of surging inflation, LGUs […]