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An agricultural economist in the academe on Tuesday said the agriculture sector’s contribution to the gross domestic product (GDP) naturally declines as a country moves closer to developed economy status. This came as a reaction to a Philippine Statistics Authority study showing that the agriculture, forestry and fishing (AFF) sector accounted for only 8.9 percent of GDP in 2022, the …

Research by Procore Technologies Inc., a leading global provider of construction management software, shows that the Philippines is leading among surveyed Southeast Asian countries in plans to adopt data strategy in the construction industry. In a statement Tuesday, the company said 80 percent of construction businesses in the Philippines plan to design and implement a data strategy over the next …

A total of 60 local government units (LGUs) in Region 5 (Bicol) will benefit from P722.5 million worth of community sub-projects of the Kapit-Bisig Laban sa Kahirapan–Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS), the Department of Social Welfare and Development (DSWD) said on Tuesday. Ranelle Anne Sertan, DSWD-5 social marketing officer, said these sub-projects are focused on nutrition-sensitive initiatives …

On the occasion of the global celebration of World Environment Day, the Department of Environment and Natural Resources (DENR) held an Environment for Life media event that highlighted the DENR’s two-pronged blueprint for strategic and effective sustainable development and environmental action in the country. Led by DENR Secretary Toni Yulo-Loyzaga, the presentation was an eye-opener to the promise and possibilities …

The Department of Trade and Industry (DTI) continues to implement the strategic priorities identified in the recently launched Philippine Export Development Plan (PEDP) pursuant to the economic agenda of the President, through the Philippine participation at the 33rd Taipei International Food Show.  Held from 14-17 June 2023 at the 4th floor, Hall 2 of the Taipei Nangang Exhibition Center in …

The share of tourism to the country’s gross domestic product (GDP) could reach as high as eight percent this year due to the further reopening of the Philippine economy, an economist said on Friday. Rizal Commercial Banking Corporation chief economist Michael Ricafort In an interview with the Philippine News Agency (PNA), Rizal Commercial Banking Corporation chief economist Michael Ricafort said …

In the bustling metropolis where dreams are forged, a remarkable group of fathers silently tread the path of dedication and sacrifice. On Fathers’ Day, we shine a spotlight on the unsung heroes of the Filipino workforce, whose unwavering commitment to their families often goes unnoticed amidst the demands of their careers. For many Filipino working fathers, the journey begins before …

Filipinos are coming out of the pandemic more value-conscious than ever, Kantar, the world’s leading marketing data and analytics company, reveals based on its latest data about the FMCG (Fast Moving Consumer Goods) industry. The Kantar report also outlines key trends that are shaping consumer behavior amidst rising tides of inflation. “Filipinos are becoming more critical of their brand choices, especially …

The economic team held back-to-back consultations with members of the Philippine Coast Guard (PCG) and Philippine Army (PA) recently to further discuss and refine the proposed Military and Uniformed Personnel (MUP) Pension Reform Bill. “When we started the roadshow, ibang-iba po ang proposals namin. Pero dahil nakikinig kami, nag-iba na po ang mga proposals. Yung mga makikita nyo po ngayon, …

The Bureau of Customs (BOC) said last week it has entered into a Memorandum of Understanding with the Department of Information and Communications Technology (DICT) which will ensure prioritization of digitalization. In a statement, BOC Commissioner Bienvenido Rubio raised the urgency of the execution of digitalization which will give way for the agency to provide a better service to the …