Philippines ranks 53rd in internet inclusivity list

Source BusinessWorld

The Philippines’ outstanding debt remains manageable despite breaching the internationally accepted sustainable threshold, the World Bank (WB) said, but stressed the need for a solid fiscal consolidation plan and high economic growth...

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Health Secretary Francisco Duque III expressed belief on Wednesday that the government has already “contained” the Covid-19 cases, more than two years since the pandemic started...

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The Philippines may need at least 10 years before its debt-to-gross domestic product (GDP) ratio will return to its pre-pandemic level of 40%, Finance Secretary Carlos G. Dominguez III said...

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State think-tank Philippine Institute for Development Studies (PDS) said the country's most recent debt spike appears to be less concerning than previous debt episodes...

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Local stocks took their cue from developments abroad, advancing along with other Asian bourses, after US stocks rallied on heavy buying of technology companies...

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The country’s dollar defenses against economic imbalances fell to its lowest in more than a year in May, due largely from lower proceeds from foreign investments and the drop of gold prices in the international market...

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President Rodrigo R. Duterte has signed an executive order (EO) that will implement the Coconut Farmers and Industry Development Plan (CFIDP)...

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The Land Transportation Franchising and Regulatory Board (LTFRB) should immediately review the petition to increase the minimum fare of public utility jeepneys (PUJ) to help boost the earnings of the drivers amid the rising fuel prices, Senator Risa Hontiveros said Wednesday...

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Quarantine requirements have been lifted for Filipino and foreign seafarers disembarking at seaports or at seas within the Philippines, as long as they have been vaccinated with at least three doses of Covid-19 jabs, and tested negative for the virus...

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Starting June 9, minimum fare in public utility jeepneys (PUJ) would be P10 as the Land Transportation Franchising and Regulatory Board (LTFRB) approved Wednesday the P1 provisional hike...

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The Department of Health (DOH) remains hopeful that before stepping down from office on June 30, President Duterte will veto Senate Bill 2239 or the Vape Regulation Bill...

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The Department of Environment and Natural Resources (DENR) bats for the ratification of the Basel Ban Amendment prohibiting the export of hazardous waste and other trash from developed to developing countries...

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The Department of Science and Technology (DoST) has released a P15.95 million financial assistance to Bioassets Veterinary Research and Diagnostic Laboratory for the development of test kits and vaccines for African swine fever (ASF)...

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The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help shoulder a surge in production costs...

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The International Monetary Fund (IMF) recommends that the Philippine central bank implement additional stress testing work such as a more granular macro-scenario evaluation of bank-related financial pressures to mitigate systemic risks coming from the still ongoing pandemic, climate change and other external shocks...

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The Philippines and Israel signed an investment promotion and protection agreement (IPPA) on June 7, the Department of Trade and Industry (DTI) said...

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The Philippine's top diplomat called for cooperation among nations to protect marine resources from plastic pollution and other threats, including those in international waters, as the country joined the global celebration of World Ocean’s Day on June 8...

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The Philippines should keep on promoting its outsourcing industry as this could serve as its “gateway” to First World status, according to an author of the outsourcing industry...

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The Asian Development Bank (ADB) has granted the Philippines a total of $650 million or around P34.32 billion in loan commitments to support the country’s climate change adaptation and mitigation programs and to strengthen domestic capital markets, the Climate Change Commission (CCC) announced on Wednesday...

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President-elect Ferdinand “Bongbong” Marcos Jr. expressed optimism on the diplomatic relationship and friendship between the Philippines and China in a speech for Filipino-Chinese business leaders, diplomats, and politicians...

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President-elect Ferdinand "Bongbong" Marcos Jr. is expected to continue the Duterte administration's enhanced ties with the Chinese government, but with a twist...

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Around half of pregnancies in the Philippines are unintended, similar to that of the global average, the United Nations Populations Fund (UNPFA) has reported...

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The BRP Antonio Luna (FF-151), one of two guided-missile frigates of the Philippine Navy (PN), left its base in Subic Bay, Zambales on Wednesday to join this year’s edition of the biennial Rim of the Pacific (RIMPAC) exercise...

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More jobs abroad will be available to overseas Filipino workers (OFWs) after the Philippines and German governments signed two labor agreements that will provide better employment opportunities for Filipino workers, Labor Secretary Silvestre Bello III said...

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The global economy risks falling into a harmful period of 1970s-style "stagflation," sparked chiefly by Russia's invasion of Ukraine, the World Bank warned on Tuesday as it slashed its annual growth forecast...

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Global markets shrugged off some signs of an economic slowdown ahead of a key inflation reading which in tuen spurred the local shares index to rise for a second consecutive day...

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Japanese and North Atlantic Treaty Organization (NATO) officials agreed on Tuesday to increase military cooperation and joint exercises as they shared concerns that Russia's invasion of Ukraine is causing a deterioration of the security environment in Europe and Asia...

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Cambodia and China on Wednesday broke ground on a Beijing-funded project to revamp a naval base that the US fears is intended for Chinese military use...

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The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the COVID-19 pandemic, and many countries now faced recession...

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Growing food shortages may represent the same health threat to the world as the COVID-19 pandemic, a leading global health figure has warned...

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Rural areas nationwide where food is usually grown will remain laggards in terms of poverty reduction, according to the World Bank...

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The United States on Wednesday questioned whether China and Russia had elevated their “no limits” strategic partnership above global security by vetoing more U.N. sanctions on North Korea over its renewed ballistic missile launches...

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The World Health Organization is battling a barrage of disinformation alleging it is scheming to take over health policy in sovereign nations, as it tries to chart a way forward towards averting future pandemics...

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Australia insisted Wednesday that its patrol plane was in international airspace when a Chinese warplane intercepted it and released a cloud of small aluminium strips, known as chaff...

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US biotech company Moderna on Wednesday announced positive results for a new vaccine that targets both the original Covid strain and Omicron, and sees the shot as its "lead candidate" for a booster this fall...

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The risk of monkeypox becoming established in non-endemic nations is real, the WHO warned Wednesday, with more than a thousand cases now confirmed in such countries...

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The US Interior Department said on Wednesday it will phase out single-use plastic products on public lands by 2032, including in national parks, in a move aimed at tackling a major source of US plastic waste as recycling efforts falter...

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Greece has detected its first case of the rare monkeypox virus infection in a traveler, according to initial tests, the country's national health agency EODY said in a statement on Wednesday...

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The proposed extension of safeguard measures is needed to help the recovery of local cement manufacturers, according to the Cement Manufacturers Association of the Philippines (CeMAP)...

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There is an urgent need for the incoming administration of President-elect Ferdinand "Bongbong" Marcos Jr. to consider drastic measures that would ease the adverse effects of a looming food and energy crises in the country brought about by global environmental and health woes and the war in Ukraine...

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Vice President-elect Sara Duterte-Carpio spent a total of P216,190,935.06 for her vice presidential campaign, according to her Statement of Contributions and Expenditures (SOCE) submitted to the Commission on Elections (Comelec) Tuesday...

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Senior citizens, who are more prone to illnesses like influenza and pneumonia which may then worsen other comorbidities (or vice versa), must be vaccinated in order to keep them safe and healthy this rainy season...

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The COVID-19 situation in the country already “seems contained” but it is “capable of springing surprises,” outgoing Health Secretary Francisco Duque III said Wednesday...

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Health Secretary Francisco Duque III said Wednesday it is “premature” for the Philippines to close its borders to travelers from areas with monkeypox cases...

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If the minimum wage nationwide is at par with the country’s poverty threshold, the Commission on Population and Development (Popcom) said the Philippines might have a better chance of attaining the demographic dividend...

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The Philippines’s 19 Investment Promotion Agencies (IPAs) have agreed to use a collective branding in promoting the country as an investment destination choice in the Southeast Asian region...

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The aging population of the Philippines does not pose a burden to the economy now, Undersecretary Juan Antonio Perez III, executive director of the Commission on Population and Development (Popcom), said on Wednesday...

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Some years back, at the height of the popularity of so-called ‘Erap jokes’, then presidential candidate Joseph Estrada was cited as having a solution to inflation—repeal the law of supply and demand...

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Sen. Christopher Lawrence "Bong" Go called on the public to remain vigilant and to continue following health and safety protocols, as business establishments are now allowed to operate at full capacity...

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The Philippines is now "receiving" refugees from Ukraine, Foreign Affairs Secretary Teodoro Locsin Jr. has said...

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The leadership of the Philippine National Police's (PNP) National Capital Regional Police Office (NCRPO) has assured that they will keep their guard up, continue their vigilance and maximize police presence even after the elections have ended...

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The Commission on Audit (CoA), in an audit report for 2021, told the Nayong Pilipino Foundation (NPF) to introduce income-generating activities, saying that it would be "out of funds" starting 6.5 years to 13 years from 2021 if its financial conditions would not improve...

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For the first time since COVID broke out in the country in March 2020, Health Secretary Francisco Duque III said yesterday that COVID-19 appears to have been contained in the country...

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Just weeks before ending his term, President Rodrigo Duterte issued an executive order that will pave the way for the government to finally tap the multibillion-peso coco levy fund to revive and modernize the country’s coconut industry...

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The National Book Development Board (NBDB) has revamped its process of awarding grants to Filipino authors to make it shorter and clearer to expedite the process...

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Mount Bulusan in Sorsogon had a total of five volcanic earthquakes in the past 24 hours as it remained under low-level of unrest, the Philippine Institute of Volcanology and Seismology (Phivolcs) said Thursday...

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Transactions coursed through the Philippine Payment and Settlement System (PhilPaSS) grew at a quick pace in recent years, the Bangko Sentral ng Pilipinas (BSP) said in a statement on Wednesday...

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Agriculture Secretary William D. Dar said on Wednesday that bringing down the price of rice to P20 per kilogram, as promised on campaign by President-elect Ferdinand R. Marcos, Jr., is not achievable unless the government brings down production costs...

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The business process outsourcing (BPO) industry has hit the employment and revenue growth targets it set for itself this year, the industry association said...

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An economist-lawmaker on Wednesday said anti-inflationary measures and keeping food affordable should be the immediate economic priority of the incoming Marcos administration and the next Congress...

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Based on current data, lowering the price of rice to P20 a kilo is “not yet possible” as of the moment, Department of Agriculture (DA) Secretary William Dar said Wednesday...

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Department of Trade and Industry (DTI) Secretary Ramon Lopez is urging incoming DTI chief Alfred Pascual to “keep prices down” by having the country produce more goods amid the high inflation rate of over 5.4 percent facing the next administration...

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The Philippines will likely fail to achieve its economic target for this year due to a weak external environment and inflationary concerns, but its growth rate will still be among the fastest in East Asia and the Pacific...

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Tycoon Enrique Razon Jr. wants to put up the world’s largest solar power facility in the Philippines with a capacity of 2,500 to 3,500 megawatts, along with a massive battery energy storage system...

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