Source : BusinessMirror

The Asian Development Bank (ADB) has maintained its Philippine economic growth outlook of 6 percent for this year, citing stronger domestic investment and consumption as key drivers of expansion...

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The reopening of the economy amid the decline in COVID-19 infections would grow the Philippines’ gross domestic product (GDP) by 6 percent this year, although high consumer prices caused by Russia’s invasion of Ukraine posed a downside risk, the Asian Development Bank (ADB) said on Wednesday...

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Ahead of the election ban on starting new public projects, local governments borrowed P12.8 billion to fund their mostly infrastructure outlays in the first quarter, the latest Department of Finance (DOF) data on Wednesday showed...

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An estimated 3.13 million Filipinos were out of work in February, data from the Philippine Statistics Authority released Wednesday show. The latest tally of persons aged 15 and up without jobs rose from 2.93 million in January. The national joblessness rate stood at 6.4% in February, similar to the month prior...

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The private sector urged the national government to further improve the ease of doing business in the country and allocate a bigger budget for the agriculture sector...

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The Philippine Competition Commission (PCC) said some provisions of franchise contracts may be anti-competitive, including pricing restrictions and the imposition of geographic territories on franchise holders...

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President Rodrigo Duterte is hoping that the Congress would rectify the vetoed provisions of the security of tenure bill, Malacañang said Thursday...

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The Philippines can now use COVID-19 antigen testing as an entry requirement for travelers, Malacañang announced on Wednesday...

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Health Secretary Francisco Duque III on Tuesday urged Congress to pass a law making vaccination against COVID-19 mandatory...

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MarCoPay, a fintech app targeting Filipino seafarers, has launched an e-market feature with HMO (health maintenance organization), insurance, and loan products...

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Health Secretary Francisco Duque III said the Philippines has the lowest number of Covid-19 infections among the members of the Association of Southeast Asian Nations (Asean) amid the onslaught of the highly contagious Omicron variant...

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The Philippine Coast Guard (PCG) has conducted the first official sea trials of its second 97-meter multi-role response vessel (MRRV)-9702 in the waters off Japan...

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The global remittance market is estimated to reach $901.4 billion in revenue this year and is expected to grow by 6 percent yearly over the following five years, according to a new forecast from Research and Markets...

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Ukraine's president showed a harrowing video of dead civilians to the UN Security Council Tuesday and called for "accountability" for apparent Russian atrocities, as fears grow that Moscow is preparing new offensives...

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The Asian Development Bank (ADB) trimmed its 2022 growth forecast for developing Asia on Wednesday as "increasing" price pressures after Russia's invasion of Ukraine threaten a recovery from Omicron surges...

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Western governments were preparing on Wednesday to impose tougher sanctions on Russia as Ukraine documents and investigates widespread killings of civilians and other alleged war crimes...

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Sri Lankan President Gotabaya Rajapaksa has revoked a days-old state of emergency after huge public protests demanded that he resign over the country's worst economic crisis in memory...

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Growth in Asia will remain robust till next year, as most countries in the region ease into a post-pandemic recovery despite headwinds coming from the war in Ukraine, the Asian Development Bank (ADB) said on Wednesday (April 6)...

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Japan plans to ease COVID 19-related border restrictions by lifting its entry ban for foreign nationals from 106 countries including the United States, Britain and France on Friday, April 8, the government said...

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Russia’s war against Ukraine is a major if unspoken concern for Indo-Pacific nations living on the periphery of China that are worried something similar could happen in their region, a senior US official said on Tuesday...

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The Presidential palace on Wednesday said China violated Philippine sovereignty when one of its naval vessels entered the country without permission on Jan. 29 to Feb. 1...

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NATO chief Jens Stoltenberg on Wednesday said there was no sign Russian President Vladimir Putin had dropped "his ambition to control the whole of Ukraine" and the war could last for years...

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A fourth dose of the Pfizer/BioNTech vaccine lowered rates of coronavirus disease 2019 (COVID-19) among the elderly but the protection against infection appeared short-lived, a large study in Israel has found...

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International Energy Agency states agreed to tap 60 million barrels of oil from storage, the director of the group said on Wednesday, on top of a 180 million-barrel release announced by Washington last week aimed at cooling prices after Russia's invasion of Ukraine...

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People who regularly wear glasses have a moderately lower risk of contracting COVID-19 while contact lenses offered no added protection, according to a large study that highlights the importance of the eye as a route of coronavirus infection...

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The Department of Health (DOH) is finalizing arrangements to donate Covid-19 vaccines to Myanmar and Papua New Guinea...

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Presidential Adviser for Entrepreneurship Jose Maria "Joey" Concepcion 3rd on Wednesday said there is no need for the government to impose new travel restrictions amid the rising threat of the Omicron XE variant of the coronavirus disease...

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Catholic Bishops’ Conference of the Philippines (CBCP) president and Caloocan Bishop Pablo Virgilio David urged the Catholic faithful to stand for the truth as he presented the “moral choices” that the people should look for in candidates in the May 9 national and local elections...

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The Commission on Elections (Comelec) has exempted the fuel subsidy program for public utility vehicle (PUV) drivers and operators from the election spending ban, but set “strict” conditions for its implementation to ensure the financial aid will go to the rightful beneficiaries...

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Special vaccination days will be held in May in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) as the national vaccination program shifts focus to areas with low inoculation coverage...

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The Philippine Overseas Employment Agency (POEA) continues to function as an independent agency despite the creation of the Department of Migrant Workers (DMW), according to Executive Secretary Salvador Medialdea...

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The public can expect a long list of flagship projects under President Duterte’s Build, Build, Build program, the Department of Public Works and Highways (DPWH) announced yesterday...

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The Philippines now recognizes the COVID-19 vaccination certificates of four more countries — Bangladesh, Mexico, Panama, and the Slovak Republic...

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President Rodrigo Duterte on Tuesday night rejected proposals to shift the country to COVID-19 Alert Level Zero, saying now is still not the right time as there are still cases of infection in the country...

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The Bangko Sentral ng Pilipinas (BSP) is set to begin the pilot circulation of polymer banknotes in the 1000-piso denomination within the second quarter, with full issuance to the public targeted by 2023...

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The Commission on Elections (Comelec) on Wednesday announced it is suspending the conduct of the April 10 absentee voting in Shanghai, China, amid the ongoing lockdown in the city...

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Business chambers declared their support for a requirement to show proof of vaccination booster shots by June as a condition for entry into most establishments, Presidential Adviser for Entrepreneurship Jose Ma. A. Concepcion III said...

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The Commission on Elections (Comelec) is set to implement a “vote anywhere” scheme in a bid to increase overseas absentee voter turnout in Halalan 2022...

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The Department of Energy’s (DoE) Energy Utilization Management Bureau (EUMB), has launched a series of spot checks of government agencies to ensure their compliance with energy efficiency and conservation policies...

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The Department of Trade and Industry (DTI) is expediting the registration process of Elon Musk’s Space Exploration Technologies Corp. (SpaceX) to firm up its business in the country before President Rodrigo Duterte leaves office in June...

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The Philippines should do away with political dynasties and achieve “inclusive democracy” in order to address the burgeoning inequality in the country...

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Mayors in the capital region Metro Manila are considering the imposition of a policy that would compel people to get a booster shot against coronavirus, according to the country’s health chief...

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Two Cabinet secretaries have made urgent appeals to the Commission on Elections for an exemption from the public-spending ban of the fuel subsidy releases to two vital sectors: farmers and fishermen; and public utility transport drivers...

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Agriculture industry groups on Monday called on the government to prioritize increasing the country's food self-sufficiency amid global challenges...

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Philippine shares were mostly lower on Wednesday after the World Bank cut the country’s 2022 growth outlook while investors weighed the possibility of a “preemptive” monetary tightening action from the Bangko Sentral ng Pilipinas (BSP) after inflation jumped to 4 percent last month...

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Despite the Philippine peso strengthening and approaching P51:$1 in the past few days, ING Bank expects the local currency to once more breach the P52:$1 mark within a month and even weaken beyond the P54:$1 mark in the next three months...

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A flurry of foreign investors who can shell out bigger pay to an also larger number of skilled workers can jack up wages in the Philippines, the Department of Finance (DOF) said on Wednesday (April 6)...

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PAL Holdings Inc. ended a tumultuous 2021 back in the green and with a promise of a comeback following its airline’s exit from the Chapter 11 bankruptcy process...

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Philippine banks saw an uptick in bad loans in February, reflecting the challenges that many borrowers still face in repaying their debt despite the gradual reopening of the economy...

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Emerging Asian markets retreated yesterday, weighed by potential aggressive monetary tightening by the US Federal Reserve, with investors also focusing on new sanctions on Russia for invading Ukraine...

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The Bangko Sentral ng Pilipinas (BSP) said consumer complaints declined by 17.6 percent to 19,181 last year from 23,275 in 2020...

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Public utility vehicles (PUV) drivers struggling with high pump prices could expect the resumption soon of the suspended fuel subsidy program of the Land Transportation Franchising and Regulatory Board (LTFRB)...

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Government economic managers on Tuesday hailed the Duterte administration’s “Build, Build, Build” infrastructure program as one of the keys in boosting tourism activities in the country...

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In his speech at the Philippine Economic Briefing (PEB), BSP Governor Benjamin Diokno said regular deposit accounts rose to 83.1 million as of end-June last year. This is 3 million higher than its level in end-2020...

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Three of the monumental laws signed by President Rodrigo Duterte, which are the Retail Trade Liberalization Act, the Republic Act (RA) 11647 that tweaks the Foreign Investment Act and the amended Public Service Act were seen to spur growth, according to the chief economist of the Department of Finance (DoF)...

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Public utility vehicles (PUV) drivers struggling with high pump prices could expect the resumption soon of the suspended fuel subsidy program of the Land Transportation Franchising and Regulatory Board (LTFRB)...

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More than half of Filipinos expect the country’s economy to improve in 2022, according to an independent pollster...

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