Philippines jumps 4 notches to 125th in 2022 Global Peace Index

Source BusinessWorld

Due to the drop in tax revenues collected by the government in 2020 at the onset of the COVID-19 pandemic, local governments’ share in the proposed 2023 national budget will be a lower P820.3 billion, the Department of Budget and Management (DBM) said on Thursday...

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“Stagflation” is unlikely to pose an immediate risk to the Philippine economy, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.

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The share of the tourism industry to the Philippines’ economic output inched up in 2021, as domestic travel restrictions eased alongside the increase in coronavirus disease 2019 (COVID-19) vaccination rates...

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The Philippines remains among the top 40 renewable energy markets as it pushes to develop more clean power sources through the green energy auction program (GEAP) to meet its RE capacity target by the end of the decade...

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The food crisis is now felt in the Philippines as prices of goods continue to soar, driven by global economic challenges caused by the Covid-19 pandemic and the ongoing Ukraine-Russia war, Agriculture Secretary William D. Dar said Thursday...

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The latest interest rate hike implemented by the United States Federal Reserve heightened the need for the Bangko Sentral ng Pilipinas (BSP) to tighten its own policy stance more aggressively in order to maintain a “healthy” difference in rates along with the two countries’ different credit standing, according to market watchers...

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Independent Covid-19 tracker OCTA Research has classified the National Capital Region (NCR or Metro Manila) as at moderate risk for Covid infection, even as the region maintained its Alert Level 1 status until the end of the month...

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The National Quick Response (QR) Code Standard or QR Ph has helped businesses grow and contributed towards the central bank’s financial inclusion goals, but improvements can still be made to encourage more small firms to use the facility...

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The Department of Finance (DoF) said on Thursday that power consumers pay 12% value-added tax (VAT) only once, following remarks by the head of the Energy Regulatory Commission (ERC) that VAT should only be collected from power distributors...

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To ride the digitalization wave while at the same time, contain the spread of Covid-19, the Land Transportation Franchising and Regulatory Board (LTFRB) will pursue the use of cashless payment in public transportation...

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Amid the series of increase in the prices of oil and basic goods and services, the Department of Labor and Employment (DOLE) is hoping that the increase in the daily minimum wage of workers would somehow cushion the impact as the approved increase is set to take effect before the month of June ends across all the regions...

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The Philippines expressed its support for the extension of the moratorium on the imposition of customs duties on electronic transmissions until the next Ministerial Conference...

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Domestic workers or kasambahays in 13 regions are set to benefit from higher wages this month, the Labor Department said on Wednesday...

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The Philippines has won a seat in an international commission tasked to facilitate the implementation of the United Nations Convention on the Law of the Sea (UNCLOS) concerning the outer limits of a state’s continental shelf...

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The International Labour Organization (ILO) said on Thursday that only about 6% of domestic workers worldwide have access to comprehensive social protections...

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The Department of Foreign Affairs (DFA) on Thursday announced that the Philippines won a seat in the Asia-Pacific Group (APG) of the Commission on the Limits of the Continental Shelf (CLCS)...

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The Asia Defense and Armament Corporation (ADAC) has announced that it won a contract with the Philippine government for the supply of military grade binoculars to the Armed Forces of the Philippines (AFP), Philippine National Police (PNP) and other defense and security unit of the government on Thursday...

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More than half of the Filipino respondents in an online poll said they were interested in news about climate change and believe that media should take a stand when reporting on the issue, according to a global study on news consumption trends...

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Migrants worldwide are expected to send home trillions worth of dollars in remittances until 2030, with the flows boosted by greater digitalization which blunted the adverse impact of the pandemic, according to the International Fund for Agricultural Development (IFAD)...

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Collaboration between government and the private sector is the best option for Asean governments to build their capabilities towards digitalization...

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The World Health Organization (WHO) on Friday called on all nations to invest more in mental health, saying “the suffering is enormous” and has been made worse by the COVID-19 pandemic...

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The Omicron variant of coronavirus is less likely to cause long COVID than previous variants, according to the first peer-reviewed study of its kind from the United Kingdom...

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President Xi Jinping on Wednesday assured Vladimir Putin of China's support on Russian "sovereignty and security" -- leading Washington to warn Beijing it risked ending up "on the wrong side of history"...

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The United States expressed concern Wednesday about China's alignment with Russia, warning that nations which side with President Vladimir Putin on Ukraine will be "on the wrong side of history"...

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Asia’s emerging economies are better placed than most other regions to weather a bout of turbocharged US policy tightening, analysts say, but with a health warning that investors shouldn’t rush in...

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North Korea on Thursday reported the eruption of another infectious disease in addition to its ongoing Covid-19 outbreak, saying leader Kim Jong Un has donated his private medicines to those stricken with the new disease...

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China is likely to keep imposing sweeping lockdowns into 2023, the US ambassador said Thursday, as he cautioned that the zero-COVID strategy was hurting business...

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US coalition forces said they captured a senior Islamic State group bomb maker in an airborne operation before dawn Thursday in northern Syria...

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Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it...

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South Korea’s economy will grow at its slowest pace in three years in 2022 as the world faces supply bottlenecks, surging inflation, and rapidly rising interest rates, the finance ministry said on Thursday, June 16...

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Migrant workers sent home an estimated $605 billion to low- and middle-income countries last year, a UN study said Thursday, boosted by an increase in payments sent via mobile phones...

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Russia’s war in Ukraine has pushed global displacement numbers above 100 million for the first time, and the UN warns the resulting hunger crisis could force many more to flee their homes...

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French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi arrived in Kyiv on Thursday for their first visit to Ukraine since the Russian invasion...

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Although the Philippines moved two notches up in its infrastructure ranking based on the 2022 World Competitiveness Yearbook (WCY), it remains the weakest factor for the country due to the underlying problems on social infrastructure which places education under the microscope, among others...

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The Government is unlikely to tighten the lockdown in the Philippine capital and nearby cities this month despite rising coronavirus infections, researchers from the country’s premier university said on Thursday...

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The Department of Interior and Local Government (DILG) on Thursday said it was consulting with its lawyers on how to stop local governments from going against the National Government’s pandemic policies...

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A group of taxi operators may soon be filing a petition for a fare hike, even if only for a provisional increase to cope with rising fuel prices...

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A Social Weather Stations (SWS) survey conducted from April 19 to 27 found more Filipinos saying that the quality of their lives was better than it was a year ago...

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The Cebu provincial government has until the weekend to amend its rule on making the wearing of face masks optional, the Department of the Interior and Local Government said on Thursday...

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More than 200 people who returned home from an evacuation center in Juban, Sorsogon, following the eruption of Mt. Bulusan last week were advised to observe themselves and stay at home after an evacuee tested positive for COVID-19...

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A pharmacologist-toxicologist on Thursday pleaded with the government to stop its Covid-19 inoculation drive, saying the shots being administered are already obsolete to prevent infection...

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Government’s “Libreng Sakay” program will continue beyond the term of President Rodrigo Duterte which ends 30 June, Land Transportation Franchising and Regulatory Board (LTFRB) chairperson Martin Delgra II said...

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The Department of Health (DOH) yesterday said Metro Manila remains to be at “low risk” classification for COVID-19, contrary to OCTA’s declaration that the National Capital Region’s classification has moved to moderate risk...

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The government’s anticommunist task force on Thursday criticized Justice Secretary Menardo Guevarra for saying that it endangered the lives of people it had Red-tagged, or identified as members or supporters of the Communist Party of the Philippines, the New People’s Army, and the National Democratic Front of the Philippines (CPP-NPA-NDFP)...

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Independent pandemic monitor Octa Research said that while Metro Manila remains under the “low risk” classification for COVID-19, there is a possibility that the infection in the metropolis could cross the “moderate risk” threshold in the coming weeks, one of its research fellows told INQUIRER.net on Thursday...

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The Private Hospitals Association of the Philippines Inc. (PHAPi) on Thursday endorsed emergency medical expert and National Task Force Against Covid-19 (NTF) special consultant Dr. Teodoro Herbosa as the next Health secretary...

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While its chief debated with critics over the constitutional rights of protesters, the Philippine National Police scrambled to ensure security during the nearing inaugurations of President-elect Ferdinand “Bongbong” Marcos Jr. and Vice President-elect Sara Duterte...

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The Government Service Insurance System (GSIS) announced it disbursed a total of P221 billion in loans in the past 16 months and 15 days ending May 15...

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President Rodrigo Duterte’s chief economic manager on Thursday clarified to the incoming administration of Ferdinand “Bongbong” Marcos Jr. that the power sector is not being slapped with value-added tax (VAT) twice while advising the President-elect to keep taxes being levied on oil products despite elevated global prices spilling over locally...

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The Philippine Red Cross (PRC) is warning the public of the risks of dengue fever amid the rainy season and advised Filipinos to take precautions, as well as to cooperate with health interventions to deter hotspots...

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Gastroenterology and hepatology experts have raised a “growing concern” over the increased risk of fatty liver disease among Filipinos who gained weight and developed unhealthy habits due to quarantine restrictions in the early part of the COVID-19 pandemic...

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The Commission on Human Rights (CHR) on Thursday pushed back against the supposed attempt by the Philippine National Police chief to curtail freedom of expression ahead of President-elect Ferdinand Marcos Jr.’s inauguration on June 30 and reminded the police to exercise maximum tolerance during protests...

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Independent pandemic tracker OCTA Research has called on President-elect Ferdinand "Bongbong" Marcos Jr. to choose a health secretary who "would be a champion" for the Filipino people and should not be an apologist...

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Justice Secretary Menardo Guevarra described President Duterte’s war against illegal drugs as “very successful,” but admitted that the enforcers committed excesses in carrying out the operations...

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State auditors said the commission mandated to establish a museum in honor of martial law victims should reevaluate its strategies after failing to build the Freedom Memorial Museum (FMM) initially expected to open in September...

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The Commission on Audit (COA) questioned the state weather bureau's underspending of its 2021 budget, which the auditors said could have been used to boost its operations against natural calamities...

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The Private Hospitals Association of the Philippines Inc. (PHAPi) on Tuesday lamented that many of its members have yet to receive government's promised COVID-19 allowance for pandemic frontliners...

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The United States Federal Reserve’s aggressive tightening will put more pressure on the Bangko Sentral ng Pilipinas (BSP) to consider a bigger rate hike at its meeting next week...

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The Philippines will likely produce fewer chickens in the coming months with numbers reduced by pricier, lower-quality feed and poor weather, an industry leader said — a slowdown that could drive food costs higher consider a bigger rate hike at its meeting next week...

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There is no double taxation in the imposition of value-added taxes (VAT) in the power sector, the Department of Finance (DoF) said on Thursday in response to recent statements by the Energy Regulatory Commission (ERC) chief...

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President Rodrigo Duterte and representatives of the Asian Development Bank signed on Thursday the loan agreement for the South Commuter Railway Project in a ceremony in Malacañang...

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The Philippines’ debt of P12.7 trillion is still “reasonable,” a ranking Senator said, in the context of increased global borrowing during the pandemic...

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Three of 10 Filipinos said their quality of life had worsened in the past 12 months, according to a Social Weather Stations (SWS) poll...

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President-elect Ferdinand “Bongbong” Marcos Jr. has vowed to support the growth of micro, small and medium enterprises (MSME) once he assumes office on 30 June, businessman Joey Concepcion, President Rodrigo Duterte’s Adviser on Entrepreneurship revealed Thursday...

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The campaign promise of President-elect Ferdinand “Bongbong” Marcos Jr. to lower the price of rice to P20 per kilo is “not possible” in the near-term, incoming Agrarian Reform Secretary Conrado Estrella III said Thursday...

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As the Philippines gradually reopened, the tourism sector’s earnings increased to over P1 trillion in 2021 but remained far below P2.5-trillion in 2019 before the pandemic...

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The Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS-RO) has ordered water concessionaire Maynilad Water Services Inc. to refund excess charges collected from customers amounting to about P2.1 million covering 400,000 customers within parts of its coverage area...

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Revenge spending, coupled with seat sale promos, will continue to boost air travel despite an increase in fuel surcharges on the back of a spike in global oil prices, according to local airlines...

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Incoming Agrarian Reform Secretary Conrado Estrella III on Thursday shot down a suggestion by the outgoing DAR chief that the price of rice can be brought down to P20 a kilo as early as the second quarter of 2023 through a “mega farm” that would consolidate production...

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