Philippines slips in human freedom ranking

Source: BusinessWorld

The Philippines is expected to post slower economic growth this year, amid risks of prices staying elevated as well as weaker demand due to uncertainties in the global environment, according to the United Nations...

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COVID-19 is no longer a public health emergency although it remains a global concern, going by the assessment of Dr. Rontgene Solante, an infectious disease expert and adviser to the Department of Health (DOH)...

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The stronger-than-target economic growth last year gives the Bangko Sentral ng Pilipinas (BSP) more space to further tighten its policy this year as inflation remains well above the government’s two to four percent target range, according to economists...

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President Ferdinand Marcos Jr. has approved the implementation of the Value-Added Tax (VAT) Refund Program for foreign tourists by 2024 in an effort to boost tourist arrivals in the country, Malacañang said on Sunday...

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The Philippines posted 1,206 coronavirus infections in the past week, with a daily average of 172, health authorities said on Monday.

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Leaders of the House of Representatives, headed by Speaker Martin Romualdez, have filed an urgent bill seeking to empower President Ferdinand Marcos Jr. to suspend the increase in premiums of “direct contributors” of the Philippine Health Insurance Corp., including its employees...

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With only 10 of his 20 priority bills passed at the House of Representatives, President Ferdinand Marcos Jr. met with Senate President Juan Miguel Zubiri and Speaker Martin Romualdez on Friday...

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The board of the Philippine Ports Authority (PPA) has decided to shelve the implementation of a container monitoring system that port users and business groups claim will only jack up costs and add to bureaucratic inefficiencies...

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A trade official said that discussions are ongoing toward a free trade agreement (FTA) with India—the second largest economy in Asia—and the United Arab Emirates (UAE) as part of the Philippine government’s efforts to expand its portfolio of preferential trade arrangements with other countries...

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London affirmed its commitment to pursue partnerships with Manila during last week's Philippine Economic Briefing, with senior officials pointing to recent deals and ongoing discussions as indicators of strong trade and investment ties...

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The Asian Development Bank (ADB) will extend a $4-million loan to the Center for Agriculture and Rural Development Inc. (CARD) to expand CARD's lending to low-income women...

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The Asian Development Bank (ADB) has approved another $500-million policy-based loan to help the Philippine government expand economic opportunities in agriculture while ensuring near- to long-term food security for Filipinos...

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A cybersecurity company based in South Korea said that cybersecurity solutions in the Philippines need to keep up with the country's rapidly evolving digital transformation....

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President Ferdinand "Bongbong" Marcos Jr. is urged to allow the International Criminal Court to resume the investigation into the drug war of his predecessor Rodrigo Duterte amid a move by the government to appeal the ICC decision...

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Climate talks in the United Arab Emirates this year should focus on action rather than visions, former United Nations chief Ban Ki-moon said during a visit to the oil-rich Gulf country...

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The World Health Organization will push at its board meeting this week for an expanded role in tackling the next global health emergency after COVID-19, but is still seeking answers on how to fund it, according to health policy experts...

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NATO Secretary General Jens Stoltenberg asked South Korea on Monday to "step up" military support for Ukraine, suggesting it reconsider its policy of not exporting weapons to countries in conflict...

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Those intending to participate in the barangay and Sangguniang Kabataan (SK) elections scheduled this October have only two days left to register, according to the Commission on Elections...

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The seven-day COVID positivity rate in the National Capital Region (NCR) spiked slightly on Friday, the OCTA Research group report yesterday...

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Teachers expect Vice President and Education Secretary Sara Duterte to be honest and realistic when she presents her assessment of the state of basic education on Monday...

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The Department of Education (DepEd) will prioritize the renovation of damaged school buildings this year, with the lack of facilities considered as a major handicap to the country’s education system, the education secretary said on Monday...

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The government must intensify its protection of Filipinos most vulnerable to COVID-19, as the world moves closer to lifting the global state of public health emergency, infectious disease specialist Dr. Rontgene Solante said over the weekend...

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Although COVID cases in Negros Occidental have dropped this month, the province logged five fatalities due to the disease as of Saturday...

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The President's youngest son is “working as an intern” at the House leader’s office, Speaker Ferdinand Martin G. Romualdez confirmed on Monday in a statement...

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Investors will be looking for more stock trading catalysts this week that include corporate earnings results expected to kick off in early February, said Unicapital Securities...

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Philippines banks see stronger loan demand from companies and households in the first quarter despite the series of rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP) to fight inflation last year...

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Sugar industry leaders on Sunday appealed to the government to explain its plan to import 450,000 metric tons (MT) of refined sugar, including the timing of the importation to protect the domestic sugar industry...

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Companies may have a harder time taking out a loan in the first quarter of the year as banks are expected to further tighten their lending standards for businesses on reduced tolerance for risk, according to the latest survey of senior bank loan officers conducted by the Bangko Sentral ng Pilipinas (BSP)...

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Sugar industry leaders on Sunday appealed to the government to explain its plan to import 450,000 metric tons (MT) of refined sugar, including the timing of the importation to protect the domestic sugar industry...

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The pump price of gasoline, diesel, and kerosene prices will increase by at least P1 per liter starting Tuesday, Jan. 31...

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Cooking gas or liquefied petroleum gas prices will likely go up by about P9.50 per kilo on February 1 due to the higher contract price of LPG, an industry source said...

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Banks have successfully stabilized their credit standards for the fourth quarter of 2022, the Bangko Sentral ng Pilipinas (BSP) said on Friday...

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Philippine economic growth is expected to wane in 2023 after overshooting the government’s own target and most forecasts, particularly as household consumption that drove expansion in 2022 may not be sustained...

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A Chinese state-run construction company has proposed to build a 270-kilometer (km) highway from Laoag City to Rosario, La Union, the Palace said in a statement...

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Philippine police on Monday said they had taken down 102 online platforms on cockfighting, which the government of ex-President Rodrigo R. Duterte banned last year after the disappearance of at least 30 industry workers...

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