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MANILA, Philippines — Despite the continued increase in fuel prices, the government is not inclined to grant the petition of public utility drivers for a P1 hike in transport fares. Undersecretary Rose Edillon of the National Economic and…
Despite an easing in the March unemployment rate, the Philippines remained the worst job market in emerging Asia with the biggest share of the unemployed to the labor force, a report of the state planning agency National…
CEBU CITY, Philippines – The Department of Transportation (DOTr) on Thursday, May 6 confirmed that they are seeking an extension on the validity of the loans for the construction of the Cebu Bus Rapid Transit (BRT). Officials…
MANILA, Philippines — An official from the National Economic and Development Authority (NEDA) admitted to House lawmakers on Monday that there is “no plan B” should the temporary cut on pork import tariffs and the increase in…
CEBU CITY, Philippines — The business sector in Cebu believes that the economic revival of the province and the tricities would greatly rely on a successful vaccination program against the Coronavirus Disease 2019 (COVID-19). Cebu Chamber of…
MANILA, Philippines — More economists are urging greater importation in view of expensive food that jacked up the inflation rate to a two-year high of 4.2 percent year-on-year in January. “Our priority right now is to ensure…
A quote I once saw in a motivational poster struck me and stuck with me all through the years: “Think not of what could go wrong or why it won’t work; think of how to make it…
MANILA, Philippines — Megawide Construction Corp. and its partner, GMR Infrastructure, the world’s fourth largest airport operator, have complied with the equity requirement set by the National Economic Development Authority (NEDA) for their proposal to rehabilitate the…
CEBU CITY—Central Visayas has lost $713 million, or about P35.5 billion, in tourism revenue from foreign arrivals due to quarantine restrictions and border closures brought about by the coronavirus disease pandemic. Efren Carreon, regional director of the…
CEBU CITY, Philippines — The Regional Development Council in Central Visayas has approved and endorsed the region’s recovery plan from the impacts of the coronavirus pandemic and the subsequent lockdown which will focus on sectors involving health,…
MANILA, Philippines — With the government expecting to spend trillions more than it earns over the next two years, the country’s economic managers are studying ways to raise more funds, including getting their hands in our digital…
CEBU CITY, Philippines — The Cebu Chamber of Commerce and Industry (CCCI) welcomed the plans of the national government to reduce corporate income tax starting June. In a statement signed by its president, Felix Taguiam, the CCCI…
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