Snapshot of Philippine Poverty Statistics: 2018 vs 2021

Source BusinessWorld

Around 2.3 million Filipinos have been plunged into poverty between 2018 and 2021, as the coronavirus pandemic left lasting scars on the Philippine economy, according to the Philippine Statistics Authority (PSA)...

Read More

Cash remittances reached a six-month high in June, as overseas Filipino workers (OFWs) sent more money to help their families cope with rising inflation...

Read More

The Philippines ranks first in Southeast Asia with the lowest suicide rate despite 20 million Filipinos who consider themselves poor...

Read More

The Philippine Chamber of Commerce and Industry (PCCI) on Monday warned of a possible increase in the prices of beverage and processed food products, saying the shortage in sugar supply in the country may force their members to adjust costs...

Read More

Debt payments by the national government plunged in the first half of the year following an even steeper drop in amortizations, the Bureau of the Treasury (BTr) data showed...

Read More

Around 90 percent of the over 47,000 public schools nationwide are expected to hold in-person classes on Aug. 22, the Department of Education (DepEd) said on Monday...

Read More

The National Citizens’ Movement for Free Elections ( NAMFREL) on Monday urged Congress to amend current laws or pass new laws to fundamentally change the country’s voter registration process...

Read More

Citing the “improving” global pandemic situation, the Philippine Overseas Employment Administration (POEA) has suspended the mandatory payment of insurance for land-based “rehires” and “direct hires.”...

Read More

The Department of Trade and Industry (DTI) has reminded businesses that signages, billboards, advertisements, brochures, fliers, notices, advisories, labels, price tags/price lists, menus, receipts and other business/marketing materials in foreign languages should have English and/or Filipino translations...

Read More

Republic Act 11900 or the Vaporized Nicotine and Non-Nicotine Products Regulation Act is for smokers who want to quit, former congressman Wes Gatchalian said on Monday as more advocacy groups supported the new law...

Read More

The Joint Foreign Chambers in the Philippines (JFC) on Monday welcomed the recent enactment of Republic Act (RA) 11904, or the "Philippine Creative Industries Development Act," which lapsed into law last July 28...

Read More

The Department of Transportation (DoTr) said on Monday that the Swedish government has offered to help expand the capacity of the EDSA Busway project, which suffers from long queues with demand currently overwhelming the available number of buses...

Read More

The Philippines is looking to buy heavy-lift Chinook helicopters from the United States after scrapping a deal with Russia worth P12.7 billion pesos ($227.35 million) to avoid sanctions, its ambassador to Washington said on Monday...

Read More

The Department of Agriculture (DA) is now allowing the entry of poultry products from the United States and Japan after these exporting areas have been declared free from bird flu...

Read More

France has committed to expanding trade alliance with the country following a courtesy call of French Ambassador Michèle Boccoz with Finance Secretary Benjamin Diokno...

Read More

The United States Center for Disease Control and Prevention added three countries, including the Philippines, to its “high” risk list for COVID-19...

Read More

A Myanmar junta court jailed Aung San Suu Kyi for six years for corruption on Monday, a source close to the case said, taking the ousted leader's prison time to 17 years...

Read More

An enhanced relationship between the Association of the Southeast Asian Nations (ASEAN) and the European Union (EU) has been a product of years of hard work, maturity and understanding, experts noted on the 45th anniversary of the two blocs' ties...

Read More

After four inconclusive sessions, UN member states on Monday resumed talks aimed at finally completing a treaty to protect the world's high seas, a vital yet fragile resource that covers nearly half the planet...

Read More

United States lawmakers were set to meet Taiwan's leader on Monday, days after China reacted to a similar visit by House Speaker Nancy Pelosi with huge military drills that raised fears of conflict...

Read More

Oil prices fell Monday on the prospects of a return of Iranian oil to the market and data showing China's economic recovery stuttering under Covid-19 restrictions...

Read More

A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labor shortages and lockdowns in China, a new industry forecast shows...

Read More

Covid-19 vaccine maker Moderna announced on Monday that it will open an mRNA vaccine manufacturing facility in the Australian city of Melbourne, a first for the southern hemisphere...

Read More

Japan’s economy rebounded at a slower-than-expected pace in the second quarter from a COVID-19-induced slump, data showed on Monday, August 15, highlighting uncertainty on whether consumption will grow enough to bolster a much-delayed, fragile recovery...

Read More

China’s central bank cut key lending rates in a surprise move on Monday, August 15, to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity squeezed by Beijing’s zero-COVID policy and a property crisis...

Read More

Inflation, supply chain problems and ongoing Covid-19 lockdowns in China are among the factors conspiring to delay a full recovery in business travel to its pre-pandemic level, according to an industry forecast released Monday...

Read More

A nuclear war between the United States and Russia could put over 5 billion people in danger of starving to death due to climate disruptions caused by the use of the devastating weapons, a study published in British science journal Nature Food showed Monday...

Read More

The National Economic and Development Authority (NEDA) is working to fast-track the submission of the Philippine Development Plan (PDP) 2023 to 2028 before its deadline in December, an official said...

Read More

The sugar industry said the government agency regulating the commodity needs to allocate sugar imports on a 50-50 basis between industrial users and consumers, in keeping with its mandate...

Read More

Opposition Sen. Risa Hontiveros on Monday grilled health officials on the 20.7 million doses of COVID-19 vaccines that have expired, lamenting the billions of pesos in wasted government funds...

Read More

Another official who signed the Sugar Regulatory Administration (SRA) board resolution allowing the importation of 300,000 metric tons (MT) of sugar has resigned...

Read More

The Parish Pastoral Council for Responsible Voting (PPCRV) has expressed its “unequivocal” opposition to postponing the barangay and Sangguniang Kabataan elections (BSKE) set on Dec. 5 amid mounting calls from lawmakers for its rescheduling...

Read More

Migrant Workers Secretary Susan Ople has suspended the collection of a P1,700 mandatory COVID-19 insurance fee from departing land-based overseas Filipino workers (OFWs), except for new hires...

Read More

The Department of Education (DepEd) has requested the Commission on Audit (CoA) to conduct a fraud check on the purchase of laptops meant for teachers made by the Procurement Services of the Department of Budget and Management (PS-DBM)...

Read More

An agricultural group on Monday said authorities should determine the criminal liability of resigned Department of Agriculture (DA) Undersecretary Leocadio Sebastian and other officials who had a hand in the illegal order to import 300,000 metric tons (MT) of sugar...

Read More

New borrowing sought by local government units (LGUs) declined by 71.34% year on year to P20.8 billion in the seven months to July, the Bureau of Local Government Finance (BLGF) said...

Read More

More than P10 billion worth of Covid-19 vaccines has gone to waste, according to Senator Risa Hontiveros...

Read More

The absence of a request from the Sultanate of Sulu or any of its members for the government to intervene in the legal skirmish over the implementation of the French arbitral court decision for Malaysia to compensate the heirs with $14.9 billion, creates a hurdle in the current review of the award...

Read More

After President Ferdinand Marcos Jr. said the likelihood of importing 150,000 metric tons of sugar in October when local supply is expected to dwindle, business organizations in the country extolled this as possibly resolving the scarcity of the commodity..

Read More

The Department of Health (DOH) on Monday reported that 28,008 Covid-19 cases were logged from August 8 to 14, higher by 3 percent as compared to the cases recorded from the previous week...

Read More

Lawmakers moved to transform the briefing on the unauthorized issuance of the Sugar Regulatory Board’s Resolution No. 4 to be turned into a full-blown investigation...

Read More

The Department of Tourism (DOT) will be developing “tourism circuits” that will focus especially on local restaurants and cuisines in tourism destinations, thus helping put Philippine flavors on the global food tourism map...

Read More

The Department of Education (DepEd) has enlisted the active participation of 17 agencies for the agency’s 2022 Oplan Balik Eskwela (OBE) program to prepare for the opening of classes in public schools nationwide on Monday...

Read More

Entrepreneurial advocate Jose Ma. "Joey" Concepcion 3rd on Monday said the decision of President Ferdinand "Bongbong" Marcos Jr. for a gradual importation of sugar and to import only when the local stockpile has been exhausted will protect both the farmers and consumers...

Read More

For the second straight week, oil companies have announced a reduction in the prices of petroleum products starting on Tuesday...

Read More

Vehicle sales jumped by 29% in July, as the economy continues to recover from the coronavirus pandemic, an industry report showed...

Read More

Republic Act No. 11904 or the Philippine Creative Industries Development Act could help the Philippines become a top creative economy, the Joint Foreign Chambers (JFC) said on Monday...

Read More

The growth of the Philippine economy is expected to further slow down in the next quarters but the country can still absorb any additional increase in interest rates, as the Bangko Sentral ng Pilipinas (BSP) is expected to do later this week, according to DBS Bank...

Read More

The National Economic Development Authority (Neda) said Monday that the government is on track to achieve its target of reducing poverty by as much as five percentage points by the mid-term of President Ferdinand Marcos Jr.’s administration...

Read More

An overwhelming 114 percent of investment increase was earned by Philippine Economic Zone Authority in the second quarter of the year, following the approval of 61 new and expansion projects for the period of April to June 2022...

Read More

Lower income from entrepreneurial activities and cash receipts from abroad caused a 2-percent decline in the income of Filipino families in 2021, according to the Philippine Statistics Authority (PSA)...

Read More

A Filipino earning P100 per day is not considered poor in the Philippines, according to the Philippine Statistics Authority (PSA)...

Read More

Motorists using diesel in their daily drive to work or other activities will enjoy bigger cuts in their fuel budgets this week, as the price of this commodity will be in rollback by P1.05 per liter, based on the pricing adjustment advisories of the oil companies...

Read More

Treasury bill rates rose across the board on Monday on expectations that the Bangko Sentral ng Pilipinas (BSP) will further raise key interest rates by as much as 50 basis points (bps)...

Read More

The amount of money sent home by overseas Filipino workers (OFWs) to their families in the Philippines posted a faster growth of 4.4 percent in June to hit the highest level in six months, according to the Bangko Sentral ng Pilipinas (BSP)...

Read More