Economy

Gov’t committed to lift 6-M Filipinos out of poverty

MANILA -- The government is committed to reduce poverty rate from 21 percent to 14 percent or equivalent to lifting about six million Filipinos out of poverty by 2022, an official of...

OWWA releases P6-M soft loan to OFWs affected by crisis in KSA

ILOILO CITY -- The Overseas Workers Welfare Administration (OWWA) in Western Visayas has already released some PHP6 million in soft loans to overseas Filipino workers (OFWs) affected by the crisis in the...

PH stays at rank 73 in Global Innovation Index

MANILA -- The Philippines has maintained its spot in the Global Innovation Index (GII) 2018, ranking 73rd out of 126 economies. The GII, which gauges an economy’s innovation performance through innovation input and...

Improving export industry to address trade gap: NEDA

MANILA -- The National Economic and Development Authority (NEDA) underscored the need for the government to implement strategies to improve the export industry in the short to medium term to reduce the...

Peso gains slightly; local stocks end flat

MANILA — The Philippine peso opened the week stronger against the greenback, while local shares ended little changed on Monday. The local currency finished the day at 53.4 from Friday’s finish of 53.42,...

Competitive exchange rate beneficial to PH: Pernia

MANILA -- Filipinos should not worry about the peso’s depreciation against the US currency as the competitive exchange rate is actually beneficial to the Philippines, Socioeconomic Planning Secretary Ernesto Pernia said in...

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