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Philippine exports reached $6.16 billion in February, growing by 15% compared to the same period last year, based on Philippine Statistics Authority (PSA) preliminary data. Moreover, cumulative exports for the first two months of the year amounted to $12.2B, 11.9% higher than the $0.9B exports in 2021 and 15.7% higher compared to the 2019 pre-pandemic […]
The local government unit (LGU) of Daraga, Albay broke ground for its P60-million legislative, business building that will be constructed beside the town hall building. The three-story building to be constructed in a 2,366-square meter floor area was financed from the town’s general fund for 2021 and is expected to be completed in a year. […]
Senator Dick Gordon said he will be pushing for the construction of more bridges in the Cagayan Valley to help give a big jolt to the local economy. Gordon, during his visit to the northern provinces of Cagayan and Isabela, noted that improving and building bridges will help cut travel time to other points of […]
Senator Dick Gordon underscored the importance of active economic zones in helping the Philippine economy reclaim its growth to pre-pandemic levels. Gordon, the chairman of the Senate Committee on Government Corporations and Public Enterprises, told officials of the Philippine Economic Zone Authority (PEZA) that incentives for investors would do wonders for the country’s foreign direct […]
Senator Bong Go assured his fellow Davaoeños that the proposed Metropolitan Davao Development Authority will improve the coordination among the local government units of Davao City and of nearby areas, resulting in better delivery of public services and integrated development planning, among others. During an ambush interview after his monitoring visit of the Malasakit Center […]
Aksyon Demokratiko standard-bearer Isko Moreno Domagoso will wage a war on poverty and hunger and will fight to provide a brighter future for all Filipinos if elected president. This the former “basurero” (trash collector) from Tondo, Manila vowed as he visited towns in Bulacan last weekend to share his plans to address poverty and growing […]
Philippine merchandise exports capped 2021 with a 14.5% growth with a value reaching $74.6B, based on preliminary data from the Philippine Statistics Authority (PSA). Despite the emergence of a new COVID-19 variant that has impeded the full recovery of the global economy, Philippine exported goods increased in December which added $6.3B in the country’s export […]
Despite continued disruptions in the global economy due to COVID-related restrictions, the Philippine exports grew by 15.2% from January to November 2021 to $68.4B compared to the same period in 2020, based on Philippine Statistics Authority (PSA) preliminary data. Philippine merchandise exports increased by 6.6% year-on-year (YOY) amounting to $6.3B in November 2021 from $5.9B […]
The passage of the Bacolod Special Economic Zone Act is seen to bring in more investment and employment opportunities on its road to recovery from the coronavirus disease 2019 (COVID-19) pandemic. Lone District Representative Greg Gasataya, who filed the House Bill (HB) 10243 for the purpose, said the legislation aims to strengthen the local economic […]
With the Regional Comprehensive Economic Partnership (RCEP) Agreement set to enter into force on January 1, 2022, securing Senate concurrence to the ratification of the Agreement becomes more urgent for the Philippines. Many economists and international organizations have already expressed views on the value and importance of the RCEP Agreement to the Philippines and to […]