A tale of spending during election years, 1982-2021

Source BusinessWorld

At 11 p.m. on Monday, four hours after polling precincts were scheduled to close, there were still voters waiting to cast their ballots...

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The Government faces another international arbitration claim, this time stemming from the delayed implementation of fare adjustments for the Light Rail Transit Line 1 (LRT-1)...

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Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the next administration will inherit a “much better” economy and outlined policy recommendations for the next economic team...

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The Philippine Chamber of Commerce and Industry (PCCI) is appealing to the outgoing and incoming administrations to act with urgency on the concerns besetting our transportation and logistics industry to curb further economic problems...

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Inflation will be a pressing problem for whoever wins the Philippine presidency, Moody's Analytics said on Monday...

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The Philippine economy likely withstood the Omicron surge at the start of this year and sustained growth during the first quarter — estimated by economists to range from 5.5 percent to as high as 8.3 percent year-on-year...

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The Department of the Interior and Local Government (DILG) on Monday said all online cockfighting or “e-sabong” operations in the country have been shut down following President Rodrigo Duterte’s verbal directive last week...

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The Philippines has renewed its defense cooperation with Pakistan in an effort to further strengthen ties between the militaries of both nations...

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Power generation cost in the Philippines is double compared to its neighbouring countries, Solar Philippines CEO Leandro Leviste claims...

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The next President will have to deal with rising inflation, record debt and the risks of policy direction changes, the main challenges to economic recovery according to economists watching the Philippines...

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Greater regional cooperation and efforts to boost supply are needed to combat the worst surge in energy prices since the 1973 oil price spike, according to economists from the World Bank...

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Japan is keeping a close watch on the Chinese navy's activities in waters around the nation after fighter jets and helicopters were seen taking off from and landing on a Chinese aircraft carrier off the southwestern prefecture of Okinawa, the top government spokesman said Monday...

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The United States will soon announce plans to better battle illegal fishing in the Pacific, US Indo-Pacific coordinator Kurt Campbell said on Monday, as part of increased US engagement with the region to counter China's growing influence.

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Asian stocks fell on Monday as investors remained anxious over inflation and the ongoing impact of China's Covid-19 lockdown policies, despite an initial Wall Street bounce, thanks to a solid United States jobs report...

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Patients diagnosed with cancer more than a year before contracting COVID-19 and those not receiving active treatment may be no more vulnerable to worse COVID outcomes than those without cancer, according to a new study...

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Should his family successfully return to Malacañang, the administration of Ferdinand “Bongbong” Marcos Jr. could falter if he mishandles the execution of his policy agenda and descends into a corrupt rule, the Economist Intelligence Unit (EIU) warned...

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The Commission on Human Rights (CHR) yesterday said it will investigate reports of human rights violations related to the conduct of the national and local elections...

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The Commission on Elections (Comelec) en banc convened on Monday as the National Board of Canvassers (NBOC) for the official canvassing of election results for senators and party-list groups that participated in the May 9 polls...

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The two houses of Congress convened on Monday for the initialization of the consolidation and canvassing system for the presidential and vice-presidential race...

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The situation in Metro Manila during the last hour of the voting period was “generally peaceful” with “some problem with queuing” among voters, a Commission on Elections (Comelec) official said...

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Not perfect, but still generally peaceful. This was the assessment of the Commission on Elections on the conduct of the May 9, 2022 polls despite the 15 reported cases of election violence reported by the Armed Forces of the Philippines (AFP)...

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A teacher on election duty was shot and killed in Negros Oriental, and three members of a barangay peacekeeping team in Maguindanao were gunned down in early reports of violence as millions of Filipinos voted on Monday...

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The Manila Electric Company recorded 20 power outage incidents in its franchise area on election day, allaying earlier apprehension about disruptions throwing the voting process in chaos and making possible fraud easier...

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With 94.23% of precincts already accounted for, Ferdinand “Bongbong” Marcos Jr., the only son and namesake of the late Philippine dictator, is the presumptive winner of the 2022 presidential elections in the Philippines...

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The Commission on Elections (Comelec) on Monday night, May 9, did not cave in to pressure and stuck with its original voting hours, despite calls for extension from various groups due to technical woes that marred their election day experience...

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As Filipinos trooped to the polls to select the country’s 17th president Monday, business leaders told losing candidates to respect the entire process, as they wished for a clean and transparent elections as possible, especially the canvassing of votes...

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Former Sen. Ferdinand Marcos Jr. and his running mate, Davao City Mayor and presidential daughter Sara Duterte, took a commanding lead in the partial and unofficial tally of votes cast in Monday’s elections, the numbers reflecting their consistent dominance in the surveys...

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The Presidential Commission on Good Government (PCGG) during the first quarter of 2022 again failed to dispose of any assets related to alleged ill-gotten wealth of dictator Ferdinand Marcos and his cronies...

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The automated national and local elections on Monday was marred by the malfunctioning of about 2,000 vote-counting machines (VCMs) across the country, prompting the Commission on Elections (Comelec) to decide to discard them in future polls...

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The country’s next Chief Executive must capitalize on the growing momentum of international support and evolving foreign and security policies toward the Indo-Pacific region to decisively respond to Chinese aggression in the West Philippine Sea (WPS), according to think tank Stratbase ADR Institute...

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Outgoing Department of Energy (DoE) Secretary Alfonso G. Cusi on Monday assured the public that contingency are in place to ensure that the power supply is sufficient to match the demand hike during and in the immediate aftermath of the elections...

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Inflation management should be a top economic priority for the next president of the Philippines, as rising consumer prices may prompt the Bangko Sentral ng Pilipinas (BSP) to raise interest rates as early as next month, according to Moody’s Analytics...

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The economy will likely experience a boost from all the election-related spending in the run up to the elections, but economists are not confident that these gains would be sustained in the second half of the year...

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Economists now expect inflation to peak to as high as 5.7 percent in June amid soaring global oil prices and elevated food prices, prompting monetary authorities to reverse to a tightening mode via a series of rate hikes...

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The continuous weakening of the peso against the greenback would be a double-edged sword for the agricultural sectors, with exports benefiting from such while imported food items become more expensive...

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The Department of Finance (DOF) has no plans to remove the excise taxes on petroleum products, even as inflation soared to a 40-month high in April...

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The Philippine economy is likely to grow faster than expected this year, although China’s slowdown could be a downside risk to the country’s economic expansion, MUFG Bank said...

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Companies, especially call centers, are looking outside the National Capital Region to set up their offices, property consultants said, as they see a trend for the market to expand to other major cities...

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The Bangko Sentral ng Pilipinas (BSP) may hike benchmark rates by 75 basis points (bps) this year to tame rising inflation and reduce currency risks following the US Federal Reserve’s tightening, Maybank Economics Research said...

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Gains made in building momentum for foreign investment are at risk if the Philippines further delays participation in the Regional Comprehensive Economic Partnership (RCEP) trade agreement, according to the Department of Trade and Industry (DTI)...

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The Department of Finance (DoF) once again warned against any moves to suspend the fuel excise tax, saying that it would have the perverse effect of providing relief to well-off consumers, who are the country’s leading fuel users...

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Follow-up reforms are needed to build on the progress made in opening the economy up to foreign investment and ensure that the Philippines becomes a viable investment destination for the long haul, an Ateneo de Manila economist said...

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The next administration should have a credible economic team, policies that promote environment, society and governance (ESG) to help attract more investments, an economist said on Monday...

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The National Economic and Development Authority (NEDA) remained optimistic that the economy will return to its pre-pandemic growth this year as the country continues to build on progress in recovering from Covid-19...

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