Economy

Gov’t signs indemnification deal for Pfizer, AstraZeneca vaccines under COVAX

Vaccine Czar Carlito Galvez Jr. confirmed on Wednesday the signing of indemnification agreement with Pfizer-BioNTech and AstraZeneca vaccines under the COVAX Facility. Once the agreement is signed by the vaccine manufacturers, the...

2,000 hogs from Mindanao boost NCR pork supply

Around 2,000 live hogs from Mindanao have arrived at the Vitas Port in Tondo, Manila on Wednesday to augment the pork supply shortage in the National Capital Region (NCR). The hogs were...

PH Economic recovery lags behind

The economic recovery of the Philippines is lagging behind compared to other countries hit by the Coronavirus Disease 2019 (COVID-19) pandemic. This was confirmed by Department of Trade and Industry (DTI) Secretary...

Monetary Board holds policy settings steady

PR At its meeting on monetary policy today, the Monetary Board decided to maintain the interest rate on the BSP’s overnight reverse repurchase facility at 2.0 percent. The interest rates on the...

CREATE Bill up for PRRD’s signature

The proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law aiming to reduce income tax rate to attract foreign investments is up for President Rodrigo Duterte’s signature. Both houses of Congress...

DILG: House committee OK of economic amendments a big step towards recovery

DILG PR Yesterday’s approval of the economic amendments in the 1987 Constitution by a committee of the House of Representatives is a big step towards the country’s long-term recovery from the impact...

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