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Department of Trade and Industry (DTI) Secretary Ramon Lopez called on the 52 graduates comprising of micro, small, and medium enterprises (MSMEs) in the trade agency’s 3A (Accept, Adapt, and Act) Program to scale up as the country gradually reopens the economy in the wake of the COVID-19 pandemic. “You should scale up so as […]
The Metropolitan Manila Development Authority (MMDA) said Metro Manila mayors support a “gradual” reopening of the economy amid the coronavirus disease 2019 (COVID-19) pandemic. “There should be a calibration of both the health and the economic teams with the local government units and all affected sectors,” said MMDA Chairman Benhur Abalos, in a press briefing […]
Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairperson Ramon Lopez announced a P1.25T project approval target for the agency in 2021, following total approved investments of P1.02T last year. “We are working hard for a V-shaped Philippine economic recovery in 2021 and are hence targeting the original 2020 pre-pandemic goal for […]
Senator Joel Villanueva lauded Congress’ ratification of the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) law that would now cover training incentives to cushion the impact of automation in employed and upskill workers. At the same time, Villanueva challenged the Department of Finance (DoF) and the Foreign Investment Review Board (FIRB) to fulfill […]
Deputy Speaker and Manila 6th District Rep. Benny Abante Jr. on Wednesday expressed support for efforts to amend the economic provisions of the Constitution, and said that the move would allow the country to be more “flexible” and enable it to better respond to global economic trends––a position echoed by the members of the government’s […]
The government expects the country to bounce back in 2021 as it safely reopens the economy and rolls out the Covid-19 vaccine next year. This positive take was shared by Cabinet Secretary Karlo Nograles, who on Sunday said that “the planned national roll-out of the vaccines, together with sustained efforts to enforce Covid-19 containment protocols […]
Resilient, strategic thinkers and persevering, women entrepreneurs are paving the way in the country’s economic recovery following a slowdown due to the COVID-19 pandemic, Senator Grace Poe said. Despite the fracturing impact of the pandemic, Poe said there is clear optimism and rapid responsiveness among women entrepreneurs to turn the challenges into opportunities not only […]
In order for the economy to rebound from its dismal growth in 2020, Senator Sonny Angara said the efforts to strengthen the country’s health responses should continue as a first step. The economy contracted by 11.5% in the third quarter of this year based on the latest data released by the Philippine Statistics Authority (PSA). […]
With the passage of the Financial Institutions Strategic Transfer Act (FIST) on third reading, Senator Grace Poe is hopeful that banks will be encouraged to lend to businesses and consumers to fuel the Philippine economy and pull it out of a recession. “This is a proactive response to the pandemic that should free up P1.19 […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the decline in the country’s Purchasing Managers’ Index (PMI) from 50.1 in September to 48.5 in October is a “marginal drop.” “The slight decline in the Philippine manufacturing PMI merely reflects a pause in our economy’s recovery momentum. It just shows that we are still […]