Economy

NEDA optimistic on GDP growth rate

By NG Seruela National Economic and Development Authority (NEDA) Acting Secretary Karl Chua reported on Wednesday evening that the GDP growth rate of the Philippines will return to 6.5 in 2021 as...

DOF clarifies secured loans for vaccine procurement

Press Release The Department of Finance (DOF) has clarified that the government budget for the procurement of COVID-19 vaccines remains at P82.5 billion, of which P70 billion will come from unprogrammed funds...

DOF Economic Bulletin on National Government (NG) Debt in 2020

Press Release The country’s National Government (NG) debt-GDP ratio rose from 39.6% in 2019 to 54.5% in 2020 but lower interest rates helped cushion its fiscal impact. Interest payments rose by only 5.4%,...

Concepcion: Business sector remains confident with Oxford-AstraZeneca Vaccine

Following the various reports that link AstraZeneca to cases of thromboembolic events, Presidential Adviser for Entrepreneurship and Go Negosyo Founder, Joey Concepcion, highlighted that current reports indicate no correlation between AstraZeneca...

DA open to state of emergency declaration due to ASF

Agriculture Secretary William Dar is open to the recommendation of legislators to declare a state of emergency due to the African swine fever (ASF) in a bid to help hog raisers. Dar...

BAI: Number of ASF cases in PH down

The Bureau of Animal Industry (BAI) confirmed that the number of reported African swine fever (ASF) cases has decreased. In a joint panel hearing in the House of Representatives, the BAI disclosed...

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