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The National Economic and Development Authority (NEDA) maintains its resolve to address high inflation and sustain the country’s rapid recovery in the year ahead amid challenges in domestic and global markets.   On February 28, 2023, the Development Budget Coordination Committee (DBCC) briefed the House Committee on Appropriations on the country’s current macroeconomic situation and growth prospects in light of …

The Department of Trade and Industry – Fair Trade Enforcement Bureau (DTI-FTEB) outlines its 2022 initiative upturns as the implementing arm mandated to regulate businesses; handle complaints and provide redress; conduct market surveillance to determine price and supply availability; and enforce trade and industry laws including compliance to standards.  Last year, the DTI-FTEB issued a total of 40,855 licenses, permits, …

The Bases Conversion and Development Authority (BCDA) is seeking to harness the potential of the New Clark City into a smart, sustainable and inclusive one that could help in accelerating growth in Central Luzon. This is anchored on the economic agenda and the Build Better More program of the Marcos administration. BCDA president and chief executive officer Aileen R. Zosa …

President Ferdinand Marcos, Jr. together with Department of Trade and Industry (DTI) Secretary Fred Pascual spearheaded the distribution of assistance for MSMEs on 27 February 2023. The assistance given is part of DTI’s Pangkabuhayan sa Pagbangon at Ginhawa (PPG) program, which aims to capacitate and assist existing and future micro, small, and medium enterprises (MSMEs) through the provision of kits …

The decline in United States’ equity markets last week, along with hawkish signals from Federal Reserve officials, resulted in the negative close of the local bourse’s main index on Monday and the weakening of the peso. The Philippine Stock Exchange index (PSEi) shed 1.29 percent, or 86.56 points, to 6,599.34 points. All Shares followed with a drop of 1.12 percent …

I visited the beautiful City of Davao last week to cover the two-day NCSC-DSWD Joint Mindanao Conference at the Waterfront Insular Hotel, which turned out to be a huge success. The pivotal meeting served as a takeoff point for the transfer of some duties and functions related to senior citizens, from DSWD to NCSC. Breaking the ice was event  host …

CHILD HAUS (Center for Child Improvement and Life Development) which was founded by Philanthropist “Mother” Ricky Reyes launches its Taos Puso Book, which tells the story of how Child Haus started in 2002 and how Mr. Hans T. Sy, SM’s Chairman for Executive Committee has taken under its wing more than 19,000 patients and guardians from all over the country …

Under the revitalized anti-smuggling campaign of the administration of President Ferdinand R. Marcos Jr., the Department of Agriculture – Office of the Assistant Secretary for DA Inspectorate and Enforcement (DA IE) formally filed agricultural smuggling cases against the captain and crew of the M/V SUNWARD on February 9 after a joint inspection of the vessel last month yielded P400 M …

A strategy plan is now being developed by the Department of Agriculture (DA) that will promote the planting of hybrid seeds to 1.5 million hectares of rice land during the dry season, Agriculture Assistant Secretary for Operations Arnel De Mesa said during a briefing on Thursday, February 16. This was after President Ferdinand R. Marcos Jr. approved the adoption of …

Oil companies will adjust fuel prices on Tuesday. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil and Shell said they will increase gasoline prices by PHP0.90 per liter and PHP1.05 per liter on diesel prices. On the other hand, Caltex, Seaoil and Shell will roll back kerosene prices by PHP0.25 per liter. Outlook for oil demand from China …