Economy

ADB-backed project to help LGUs boost revenues, build fiscal resilience

Finance Secretary Carlos Dominguez III said Tuesday an Asian Development Bank (ADB)-funded project designed to boost the revenue-raising capacity of local government units (LGUs) will help the Philippines continuously build its...

PRRD cuts imported rice tariff, hikes imported pork levy

President Rodrigo Duterte approved on Saturday (May 15) the National Economic and Development Authority (NEDA) Board’s recommendations for an interim reduction of the Most Favoured Nation (MFN) tariff rates on imported rice.

PH economy shrinks at slower pace of 4.2% in Q1; recovery seen

The Philippine economy shrank at a slower pace in the first quarter of the year of 4.2 percent and is expected to stage a recovery in the next quarters despite the reimposition of stricter quarantine measures in Metro Manila and other provinces.

Unemployment rate, bumaba sa 7.1%

Unti-unti nang nakikita ang senyales ng pagbawi ng ekonomiya ng bansa matapos madagdagan ang bilang ng mga may trabaho. Ayon sa Philippine Statistics Authority (PSA), bumaba ang unemployment rate noong buwan ng...

Upgraded Calbayog Airport inaugurated, more opportunities eyed for Samar

The Department of Transportation (DOTr) inaugurated on Wednesday (May 5) the upgraded Calbayog Airport in line with measures to improve “air mobility in the region.” The ceremony was led by DOTr Secretary...

Economic team, Senate forge compromise on pork import tariffs, volume

The President’s economic team has reached a compromise with the Senate on the levels of pork import tariff rates and minimum access volume (MAV). The Senate has accepted the economic team’s recommendation...

Popular