Economy

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...

Bayanihan 3, pasado na sa committee level

Umusad na sa Mababang Kapulungan ang panukalang Bayanihan 3 o ang panibagong stimulus package bilang tugon sa COVID-19. Kinumpirma ni Marikina Rep. Stella Quimbo nitong Lunes (Mayo 3) na ipinasa na ng House...

DOF exec cites ‘long-term benefits’ of vax program loans

A Department of Finance (DOF) official on Friday (April 30) addressed questions on the government’s decision to borrow money to fund the COVID-19 vaccination program, citing its long-term benefits.

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