Philippines lags in East and Southeast Asia in Coursera’s 2022 Global Skills Ranking

Source BusinessWorld

Socioeconomic Planning Secretary Arsenio Balisacan said the Marcos administration will focus on bringing back the Philippine economy to pre-pandemic levels and undertake proactive engagement with stakeholders...

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President Ferdinand R. Marcos Jr. on Monday ordered agriculture officials to be all hands on deck in addressing the impending food crisis that will impact the country’s food supply and prices...

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The Country's Socioeconomic Planning chief on Monday belittled the peso’s free fall against the dollar, saying there is nothing to worry about...

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Inflation soared to a 43-month high of 6.1 percent in June, on higher food, transport and electricity costs, data from the Philippine Statistics Authority show...

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The inflation rate is expected to post higher levels of at least 5.5 percent in the second and third quarter of 2022 due in part to rising oil prices in the international market...

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An economist-lawmaker on Monday assured President “Bongbong” Marcos Jr. that the House of Representatives will require a cost-and-benefit analysis of the proposed Bulacan Airport City Special Economic Zone and Freeport Authority...

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Sen. Lito Lapid is pushing for the passage of an enabling legislation granting regular P2,000 monthly government financial assistance to indigent persons with disability (PWDs)...

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The House of Representatives will introduce safeguards in the “corrected” version of House Bill No. 7575, which proposed the creation of a special economic zone and free port in the P750-billion airport city being developed by San Miguel Corp. (SMC) in Bulacan province, Albay Rep. Joey Salceda said on Monday...

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The Philippine Economic Zone Authority (PEZA) said on Monday it supports the veto of House Bill (HB) 7575 creating the Bulacan Airport City Special Economic Zone...

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TFrom a bill seeking to provide each public school student a tablet computer to a measure that provides protection against discrimination based on sexualities, senators on Monday lined up their priority bills on the first day of the 19th Congress...

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A bill calling for the automatic suspension of value-added tax (VAT) and excise taxes on fuel products has been refiled in the Senate, setting as a trigger event the Dubai crude oil benchmark exceeding $80 per barrel...

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The three-peso per liter rollback on diesel prices this week offers a temporary sigh of relief, but it will not significantly ease the daily ordeal of the transportation workers reeling from the costly fuel...

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The central bank will require all banks to report within 24 hours if triggers in their recovery plans are breached, and to detect risks and vulnerabilities and activate recovery measures within three days, according to a proposed circular...

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Actress Ella Cruz’s remark that history can be equated to gossip only stresses the need for Congress to prioritize Philippine history as a separate subject for high school students...

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Three legislators led by Leyte 1st District Rep. Martin G. Romualdez have proposed the creation of a Medical Reserve Corps for deployment in case of health emergencies like the COVID-19 pandemic...

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Chinese State Councilor and Foreign Minister Wang Yi will arrive in Manila on Tuesday (July 5) for a two-day visit as part of his Southeast Asia swing, in a bid to speed up his diplomatic offensive to elevate the level of Beijing’s relationship to the region as a “comprehensive and strategic partner.”...

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Roche Pharmaceuticals Inc., one of the world’s leading pharmaceutical giants, has announced strong interest to conduct “clinical trials” in the Philippines as another form of partnership to provide more access to its groundbreaking innovative health care aside from contributing to the growth of the domestic economy...

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Employees worldwide spend 81,396 hours of their lives at work, but those in the Philippines had been found to have the highest stress levels in Southeast Asia in 2021...

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Philippine and American Army officials met last month in Hawaii to draw up plans for a “scaled up” edition next year of “Salaknib,” the annual military exercise aimed at boosting the defense readiness of both sides...

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Ukrainian President Volodymyr Zelensky said on Monday his armed forces were undeterred in their efforts to “break” Moscow’s will to pursue a nearly five-month war, while Russia’s Vladimir Putin hailed his military’s victory in the grueling battle of Luhansk...

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More parents are questioning the necessity of routine vaccinations for young children. Adults are skipping shots as well, even for vaccines with a long safety record...

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More than 1.7 million people are under lockdown in China's eastern Anhui province as authorities there reported nearly 300 new coronavirus cases on Monday, the latest in a string of outbreaks testing Beijing's no-tolerance approach to Covid-19...

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Parts of Portugal and Spain are the driest they have been in a thousand years due to an atmospheric high-pressure system driven by climate change, according to research published Monday, warning of severe implications for wine and olive production...

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The US Navy's Mideast-based 5th Fleet is starting to offer rewards for information that could help sailors intercept weapons, drugs and other illicit shipments across the region amid tensions over Iran's nuclear program and Tehran's arming of Yemen's Houthi rebels...

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White-robed worshippers from across the world have packed the streets of Mecca as Islam's holiest city prepares to host the biggest hajj pilgrimage since the coronavirus pandemic...

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Japan lodged a protest with China on Monday over a Chinese naval vessel sailing near disputed islands, a Japanese official said, as reports emerged of Russia also sending its own navy ship to the area...

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Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion to cling above the $1,800 support level...

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Drinking beer is beneficial to the intestine and has the potential to prevent chronic diseases, according to a research by the Center for Research in Health Technologies and Services (CINTESIS), a non-profit research and development unit, in the city of Porto in northern Portugal...

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Rescuers used thermal drones Monday to search for possible survivors trapped under ice after an avalanche set off by the collapse of the largest glacier in the Italian Alps killed at least six people and injured eight others...

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The new administration intends to revise targets set by previous administrations under AmBisyon and Development Budget Coordination Committee (DBCC) forecasts for the year, according to the National Economic and Development Authority (Neda)...

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Despite the reported invitation from the US government to visit Washington, President Ferdinand R. Marcos Jr. has no plan yet to fly out of the country for state visits anytime soon as he continues to build up his Cabinet, according to a Palace official...

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The Management Association of the Philippines (MAP) has urged the Marcos administration to prioritize education, health care and agriculture to help the country recover fast from the COVID-19 pandemic that spawned twin public health and economic crises...

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Like his predecessor, Socioeconomic Planning Secretary Arsenio Balisacan urged the Department of Education (DepEd) to resume in-person classes by August, lest the country’s future labor force end up lagging behind those of its neighbors...

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The Marcos administration plans to improve the internet connection in Visayas and Mindanao with the help of mega-billionaire Elon Musk's Starlink satellite communications network...

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The rise in the number of Covid-19 cases in the National Capital Region (NCR) and surrounding regions is expected to peak within the next one to two weeks, the independent monitoring group OCTA Research said on Monday...

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The new leadership at the Department of Tourism (DOT) rallied her troops, so to speak, asking their support to push the recovery of their sector...

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It’s now the Department of Migrant Workers (DMW) call on whether it will ease or totally lift deployment restriction for some overseas Filipino workers (OFW) bound for the Kingdom of Saudi Arabia (KSA)...

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Department of Transportation Secretary Jaime J. Bautista said on Monday he will focus on three key areas to develop the land-based public transportation sector in the Philippines, namely: accessibility, affordability, and safety...

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San Miguel Corp. would proceed with building an international airport north of the Philippine capital even after a presidential veto of a bill that would have created a special economic zone there, the company said on Monday...

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Philippine Central Bank Governor Felipe M. Medalla would continue the “game-changing” reforms of the central bank, including its digitalization initiatives amid challenges to the country’s financial system, his predecessor said on Monday...

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President Ferdinand R. Marcos, Jr. has ordered the Land Transportation Franchising and Regulatory Board (LTFRB) to streamline permit processing and to ensure the prompt delivery of aid to transport workers, the agency’s new chairperson said...

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Malacañang said President Ferdinand “Bongbong” Marcos Jr. is already in the final stages of choosing his Health Secretary, assuring the public that he was aware of the position’s importance in the fight against the Covid-19 pandemic

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Positivity rate for COVID-19 in the National Capital Region has climbed to 8.3 percent, from 7.5 percent on June 29, according to the OCTA Research group...

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Newly designated Interior Secretary Benhur Abalos yesterday vowed to “learn from the lessons of the past” in terms of contact tracing efforts after the Commission on Audit flagged the department for underutilizing its COVID-19 response funds...

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The Department of the Interior and Local Government (DILG) of the Duterte administration failed to fully utilize the P4.038 billion it received for COVID-19 response, the Commission on Audit (COA) said...

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Department of the Interior and Local Government (DILG) Secretary Benjamin "Benhur" Abalos Jr. will join the anti-narcotics operations of the Philippine National Police to motivate the police force to do better in battling social ills such as illegal drugs...

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President Ferdinand Marcos Jr.’s first-ever veto of a bill giving away tax breaks to a special economic zone next to the soon-to-rise Bulacan airport reflected “continuity” of the previous administration’s fiscal prudence, the country’s chief economist said Monday...

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New Justice Secretary Boying Remulla on Monday named three attached agencies under the Department of Justice (DOJ) that he said are plagued with syndicates and other serious problems...

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Just like his predecessor, Socioeconomic Planning Secretary Arsenio Balisacan on Monday urged the Department of Education (DepEd) to resume face-to-face classes in August, or else risk the future Filipino labor force lagging behind those of its neighbors...

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The country’s economic growth is forecasted to continue in the second quarter, up until the rest of the year, but the weakness of the local currency could also still continue throughout the year...

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The Marcos administration is keen on pursuing solicited Public Private Partnerships (PPPs) to defray government costs in plugging the country’s long-standing infrastructure gaps, according to the National Economic and Development Authority (Neda)...

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Finance Secretary Benjamin Diokno said Monday he is confident that new Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla will continue the game-changing reforms he implemented.These include the rapid shift to digitalization and other measures that has kept the BSP "agile and innovative" amid the pandemic-induced crisis and other challenges to the country's financial system...

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The stock market opened the week on a positive note with the benchmark Philippine Stock Exchange Composite index (PSEi) closing 18.27 points higher, or 0.29 percent, at 6,183.62...

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The Starlink satellite internet service owned by tech billionaire Elon Musk will initially cover only the northern part of the Philippines, Information and Communications Secretary Ivan Uy said on Monday at a Laging Handa briefing...

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The Bangko Sentral ng Pilipinas (BSP) is expected to keep pushing for financial inclusion and digital modernization under the leadership of Felipe Medalla, according to former BSP Governor and now Finance Secretary Benjamin Diokno...

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The government continues to trim its budgetary support to state-run firms, cutting it down by 82 percent to P7.9 billion in May, according to the Bureau of the Treasury...

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While saying the Philippines is far from getting hit by stagflation—a lethal mix of recession and inflation—the government’s new chief economist on Monday (July 4) conceded that the country may suffer a delay in hitting its target of reaching high-income status by 2040 largely because of pandemic-induced socioeconomic scarring...

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The Philippine economy is unlikely to experience stagflation or an incidence of high inflation coupled with slow economic growth and high unemployment, according to President Ferdinand Marcos Jr.’s chief economist...

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While the Marcos administration will no longer add to this year’s subsidies being given to sectors hurting from expensive fuel, more cash aid would likely be included in the 2023 national budget, the country’s chief economist said on Monday (July 4)...

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The Philippine Statistics Authority reported Tuesday that inflation hit 6.1% in June from 5.4% in May, with food and transport costs leading the increase in commodity prices...

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