President Rodrigo Duterte ordered members of the executive department including cabinet secretaries to ignore any summons issued by the Senate Blue Ribbon committee, chaired by Sen. Richard Gordon, that is investigating highly anomalous purchases of multi-trillion-peso worth of medical supplies integral to the pandemic response.
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October, 2021
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6 October
Stop buying smuggled, possibly contaminated vegetables
Metro Manila residents are advised to temporarily stop buying vegetables due to the abundance of smuggled agricultural products and because of possible contamination, according to Agriculture Secretary William Dar.
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6 October
Minors with health issues to get vaccines first
Minors with comorbidities will be vaccinated first when the Department of Health (DOH) begins the COVID-19 inoculation program for children.
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6 October
Vegetable smuggling a scourge for years — Farmers
Farmers revealed they have been competing against smuggled agricultural produce from China and other countries for many years now, with the surge in smuggled vegetables getting public attention only recently.
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6 October
Averting brownouts due to Malampaya maintenance shutdown
Energy officials gave assurances that Luzon will not experience power interruptions while the Malampaya gas facility is undergoing preventive maintenance from October 2 to 22, 2021. The shutdown, however, will possibly result to an increase in consumers’ electricity rates.
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6 October
Philippine economy to recover after 10 years — NEDA
The Philippine economy may be able to return to pre-pandemic levels after 10 years, according to the National Economic Development Authority (NEDA).
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6 October
National debt hits record P11.6-T in August ‘21
The national government’s outstanding debt reached a record high of P11.64 trillion as of end-August 2021, rising more than a fifth compared to last year.
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6 October
Poll spending to bump up GDP by 0.5% – BSP
Election campaign spending is expected to boost the economy although at a slower rate due to mobility restrictions during the pandemic, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno projects a 0.50% “bump” to gross domestic product (GDP) due to increased spending for the May 2022 presidential elections. Previous elections contributed one percent to total GDP. “There …
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6 October
PAL gets US court approval to access $505-M loan
Philippine Airlines (PAL) secured an approval from a US court to access a $505-million debtor-in-possession (DIP) financing as part of its recovery plan.
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6 October
Philippines wants to be top coconut supplier to China
The Philippines is aiming to become top exporter of coconut products to China, next to other ASEAN countries.
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The Market Monitor Minding the Nation's Business