Philippines’ state of inclusion for women and children deteriorates

Source BusinessWorld

Foreign investment pledges declined 22.4% in the third quarter as investors fretted over a looming global economic slowdown, soaring inflation and the ongoing Russia-Ukraine war...

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S&P Global Ratings and Moody’s Investors Service expect the Philippines to post a slower economic growth next year brought about by external headwinds, including the elevated inflation and tightening cycle by central banks led by the US Federal Reserve...

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Malacañang said the government has set its sights on achieving rapid economic growth via the new Philippine Development Plan (PDP) in its bid to slash the poverty rate to 9 percent by 2028...

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Personal remittances from overseas Filipino workers (OFWs) reached $3.15 billion in September, rising by 4 percent from the $3.03 billion posted in the same month last year, helping shore up the country’s foreign exchange reserves and stabilize the peso against the US dollar...

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Tourism stakeholders are celebrating the arrival of 2 million tourists into the country, after having suffered for over two years of poor earnings and joblessness for many...

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The House of Representatives on Tuesday approved on third and final reading a bill seeking to increase to 10 days the mandatory five-day service incentive leave (SIL) for qualified employees provided for under the Labor Code of the Philippines...

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A senior lawmaker is pushing for the passage of a bill convening an elected constitutional convention (con-con) to recommend economic amendments to the 1987 Constitution...

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The Monetary Board has decided to maintain the existing ceilings on credit card transactions, according to the Bangko Sentral ng Pilipinas (BSP)...

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The Maritime Industry Authority (Marina) is looking into constructing new extension offices in three provinces in Luzon after the House Committee on Transportation approved bills filed by Marino Party-list Rep. Sandro Gonzales...

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House bills rightsizing the national government will be consolidated into a substitute bill for consideration by the House Committee on Government Reorganization...

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Delivery riders and drivers of ride-hailing apps on Tuesday urged the Land Transportation Franchising and Regulatory Board (LTFRB) to regulate the commission increases of a transport network vehicle service (TNVS) company, questioning its timing in view of rising fuel prices...

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The Management Association of the Philippines (MAP) has again urged the Senate to ratify the Regional Comprehensive Economic Partnership (RCEP) agreement "without further delay."...

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The Senate should ratify the Regional Comprehensive Economic Partnership (RCEP) to enable the country to attract more foreign investments, according to the Management Association of the Philippines (MAP)...

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Human rights groups on Tuesday accused the Philippine government of downplaying rampant human rights violations in the country before the United Nations...

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International and local groups on Tuesday welcomed the recommendations of the United Nations Human Rights Council (UNHRC) on how the Philippines could improve its human rights record that was currently under review...

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The Philippines will be among the first countries to receive financial support from a scheme that seeks to provide funding to communities suffering from climate disasters, but groups questioned the effectiveness of the initiative...

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The Philippine government represented by the Maritime Industry Authority (Marina) and France through its embassy in the Philippines have agreed to strengthen maritime safety and security, particularly in the shipbuilding and ship repair industry in the country...

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The Maritime Industry Authority (Marina) and South Korea's Busan Marine Engineering Association (BUEA) have partnered to expand trade and business relationships in shipbuilding and maritime business...

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The United States is interested in building five more facilities in the country under the Enhanced Defense Cooperation Agreement (EDCA), Armed Forces of the Philippines (AFP) chief-of-staff Lt. Gen. Bartolome Vicente Bacarro said...

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The Philippines is the "world's leading beach and dive destination for 2022," according to an award-giving body in the travel and tourism industry...

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Cambodia presents promising opportunities for small and big businesses in the Philippines, Go Negosyo founder Jose Maria "Joey" Concepcion 3rd said following the recently concluded Association of Southeast Asian Nations (Asean) Summit...

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Wealthy and developing countries set the stage Tuesday for a showdown at UN climate talks over demands for rich polluters to compensate vulnerable nations for damages caused by natural disasters...

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The United States has promised to extend $825 million in assistance to Southeast Asian countries, including the Philippines...

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Leaders of the Group of 20 major economies will express concern about the “deteriorating debt situation” facing some vulnerable middle-income countries, and call on all official and private creditors to respond swiftly to requests for debt treatment...

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United States President Joe Biden objected directly to China's "coercive and increasingly aggressive actions" toward Taiwan during the first in-person meeting of his presidency with Xi Jinping, as the two superpower leaders aimed on Monday night to "manage" their differences in the competition for global influence...

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Asian markets rose on Tuesday as investors brushed off a retreat on Wall Street and focused on signs of slowing inflation and China's moves to shore up its economy...

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Poland put its military on heightened readiness Tuesday after Russian missiles reportedly landed inside the NATO member's borders in a potentially major escalation of the war in Ukraine...

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Global leaders who were gathering for the G20 meeting in Bali, Indonesia, were holding an emergency meeting on Wednesday after two people in Poland were killed in explosions that Ukraine and Polish authorities said were caused by Russian missiles...

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Poland has no conclusive evidence showing who fired the missile that caused an explosion in a village near the Ukrainian border, the president said on Wednesday, adding that Warsaw remained calm in the face of what he described as a “one-off” incident...

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The European Union stands with Poland, the president of the European Council Charles Michel, said in a tweet after reports of a blast close to the Ukrainian border which could have been linked to Russian missiles...

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French President Emmanuel Macron has called for talks over reports Russian missiles landed in Poland to be held at the G20 summit underway in Indonesia, the Elysee Palace told AFP late Tuesday...

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Global markets pushed higher on Tuesday, boosted by encouraging data and earnings reports suggesting resilience in the US economy and showing inflation may be slowing...

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Around one billion young people worldwide could be at risk of hearing loss from listening to headphones or attending loud music venues, a large review of the available research estimated on Wednesday...

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As rising temperatures swell seas and threaten the Maldives' corals, the archipelago pinned its hopes on securing climate resilience funding designed to help vulnerable nations...

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After two failed attempts, NASA was readying to launch its new mega Moon rocket early Wednesday from Florida, less than a week after the massive machine withstood a hurricane...

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Russian airstrikes targeting energy and other facilities rocked Ukraine from east to west Tuesday, causing broad power blackouts. A senior official warned that the situation was "critical" and urged Ukrainians to "hang in there" as neighborhoods went dark...

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The Marcos administration is confident of bringing down the country’s poverty rate to single digit levels before President Marcos’ term ends in 2028 through the creation of quality jobs and improvement of the social protection system, among other measures, a member of the economic team said yesterday...

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The government’s approach to reducing poverty will focus on enhancing the quality of jobs and expanding social protections, the Palace said...

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President Ferdinand Marcos Jr. is set to fly to Bangkok today (Wednesday, Nov. 16) to attend the Asia-Pacific Economic Cooperation (Apec) Summit this week, his sixth official trip abroad since assuming office on June 30...

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As if the lack of public transport especially during the peak periods of the day is not enough, weary commuters face the possibility of paying more when riding jeepneys and buses to and from work during rush hour...

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The special audit report of the Commission on Audit (COA) on the government’s controversial pandemic-related supply deals with Pharmally Pharmaceutical Corp. may be released in January – way past its deadline...

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The military capability of the Philippines can be considered as one of the weakest in the region, Department of National Defense (DND) Officer in Charge Senior Undersecretary Jose Faustino Jr. admitted on Monday evening...

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The Department of the Interior and Local Government (DILG) has more than P1 billion in its proposed 2023 budget of P252.58 billion just to “assess and evaluate” the government’s community programs, including the anti-insurgency campaign of its anti-communist task force, senators learned on Tuesday...

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The Department of Foreign Affairs is set to reopen four embassies in the coming years, Senate President Pro Tempore Lorna Regina "Loren" Legarda said as the Senate approved the P20.3-billion 2023 budget of the DFA early Tuesday...

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Despite the slowdown in the growth of cash sent by overseas Filipinos to their families, their foreign exchange gains continue to outpace the increase in commodity prices, according to a local economist...

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The Bureau of Customs (BOC) said its collections as of November 11 were P23.98 billion higher than its 2022 target of P721.52 billion...

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Vehicle sales accelerated 42.4% in October, driven mainly by strong commercial vehicle sales as economic activity continues to pick up...

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Foreign investment commitments registered with investment promotion agencies (IPAs) dropped by more than a fifth in the third quarter from a year ago, according to the Philippine Statistics Authority (PSA)...

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Monthly fish unloading volumes in the country’s eight regional fish port (RFP) dropped by three percent in October as the peak typhoon season ends...

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The peso snapped a two-day losing streak and the stock market also rallied to a near two-month high on Tuesday, buoyed by a rise in money sent home by Filipinos working abroad...

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Agriculture Undersecretary Domingo Panganiban on Tuesday said the government is considering the importation of 7,000 metric tons of red onions as retail prices have reached P300 per kilo...

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