Articles with the tag
economy
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‘bsp May Allow Peso to Weaken Against $’
‘bsp May Allow Peso to Weaken Against $’
The Bangko Sentral ng Pilipinas (BSP) may start easing its stance in defending the peso by the second half of the year to allow exports to grow and the economy to expand, according to a research group.
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Published at 2025-02-26 by Puerto Parrot
Categories: Business, Politics
Tags: economy
Is P20/kilo Rice Possible Within 2 Years?
Is P20/kilo Rice Possible Within 2 Years?
With rice prices increasing in the country, President Ferdinand Marcos Jr.’s election promise of lowering the price of rice to P20 per kilo is seeming more like wishful thinking.
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Published at 2023-08-22 by Puerto Parrot
Categories: Culture, Environment, Food and Dining
Tags: Rice, economy, production
Philippines' Marcos Signs $9 Bn Wealth Fund into Law
Philippines' Marcos Signs $9 Bn Wealth Fund into Law
Philippine President Ferdinand Marcos on Tuesday signed into law a bill creating a $9 billion sovereign wealth fund aimed at boosting economic growth and infrastructure spending, but critics warned it will be prone to misuse.
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Published at 2023-07-18 by Puerto Parrot
Categories: Business, Politics
Tags: Marcos, economy, government
Meeting the China Challenge: We Must Be Bolder
Meeting the China Challenge: We Must Be Bolder
An outdoor screen shows a live news coverage of Chinas President Xi Jinping delivering a speech during the closing session of the National People's Congress (NPC) at the Great Hall of the People, along a street in Beijing on March 13, 2023.
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Published at 2023-07-16 by Puerto Parrot
Categories: Business, Opinion, Politics
Tags: COVID-19, China, Officials, Power, capital, economy, government
BOC Seizes P101 Million Smuggled Onions, Agriculture Products
BOC Seizes P101 Million Smuggled Onions, Agriculture Products
Smuggled onions and other agricultural products amounting to more than P101 million have been confiscated by the Bureau of Customs. In a statement yesterday, the BOC said the products, including red and white onions, mushroom balls as well as sugar were discovered in 17 shipping containers.
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Published at 2023-03-06 by Puerto Parrot
Categories: Legal, Politics
Tags: economy, onions
Palace Exec Proposes Paradigm Shift in Monitoring COVID-19 Cases
Palace Exec Proposes Paradigm Shift in Monitoring COVID-19 Cases
Presidential Adviser on Entrepreneurship and Go Negosyo founder Joey Concepcion has pitched a paradigm shift as far as the monitoring of coronavirus disease (COVID-19) cases in the country is concerned.
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Published at 2021-12-28 by Puerto Parrot
Categories: Health, Politics
Tags: COVID-19, economy, vaccine
Restaurants, Spas Can Fire Unvaxxed Staff, Defer Pay
Restaurants, Spas Can Fire Unvaxxed Staff, Defer Pay
Establishments that are allowed to offer dine-in or in-person services under the relaxed alert levels so long as their workers are vaccinated can withhold the salary of—or even fire—employees who are not vaccinated. The recent guidelines of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) exempted certain establishments from the “no vaccine, no work” and “no vaccine, no pay” policies.
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Published at 2021-10-22 by Puerto Parrot
Categories: Business, Health, Legal
Tags: COVID-19, Workers, economy, establishments, vaccine
Deep 'scarring' from Virus Holds Back PH Recovery
Deep 'scarring' from Virus Holds Back PH Recovery
The Philippines’ economic recovery lags behind in Asia, no thanks to deep pandemic scarring, and it could take beyond 2023 to return to its prepandemic growth potential, think tanks said.
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Published at 2021-10-22 by Puerto Parrot
Categories: Business, Health, Society
Tags: COVID-19, capital, economy
The 'Slow Burn' of the Young
The 'Slow Burn' of the Young
Chef Chryso Morales was executive chef of a resort-hotel in Boracay and consultant to a hospitality school that was thinking of putting up a culinary center. All was well until, well, the COVID-19 pandemic happened. Now, he is among those displaced in the tourism industry.
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Published at 2020-11-14 by Puerto Parrot
Categories: Business, Food and Dining, Stories
Tags: COVID-19, economy
Longer Quarantine Drives 23M Filipinos into Hunger, 4.5M More Poor
Longer Quarantine Drives 23M Filipinos into Hunger, 4.5M More Poor
Strict quarantine rules left millions more Filipinos hungry, poor, and jobless, Presidential Spokesperson Harry Roque said as he defended plans to restart the economy. "Mas mabigat po ang naging halaga o danyos ng COVID pagdating sa kagutuman [COVID-19 cost us more in terms of hunger]," Roque said Thursday.
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Published at 2020-10-15 by Puerto Parrot
Categories: Health, News and Events, Society
Tags: COVID-19, economy, poverty, quarantine
Neda: Urban Poverty May Worsen Next Year
Neda: Urban Poverty May Worsen Next Year
Poverty could worsen next year due to the continuing effects of the COVID-19 pandemic, and the urban rather than the rural areas might bear most of the brunt, acting Socioeconomic Planning Secretary Karl Kendrick Chua said on Thursday.
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Published at 2020-09-11 by Puerto Parrot
Categories: Communities, Society
Tags: Program, economy, poverty
The Risk of a Face-to-face Economy
The Risk of a Face-to-face Economy
The call for the speedy reopening of the economy is gaining ground as the Philippines sinks into the worst recession in three decades. As early as July, in fact, the Philippine Chamber of Commerce and Industry had urged government to allow businesses to operate at maximum capacity, arguing that to do otherwise would lead to more closures and job losses. The hope is that an economic bounce will come with the lifting of the lockdown.
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Published at 2020-09-06 by Puerto Parrot
Categories: Business, Health, Politics
Tags: COVID-19, economy
Spending in a Time of Recession
Spending in a Time of Recession
After two decades of uninterrupted growth, the Philippine economy appears hea­ded for a recession this year. Recession is “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in gross domestic product in two successive quarters.”
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Published at 2020-06-23 by Puerto Parrot
Categories: Business, News and Events, Opinion
Tags: economy, government, production
Swept Aside, where Are the Philippines’ Street Vendors to Go?
Swept Aside, where Are the Philippines’ Street Vendors to Go?
The Philippines is clearing the streets of vendors, but what happens to them? By banning vendors from public and major roads, Manila began to look a little like a changed city, expansive with less of its customary commotion. Previously packed streets, shopping districts and market areas were made near spotless. Peddlers, drivers of the everyday informal economy, had been erased.
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Published at 2019-10-23 by Puerto Parrot
Categories: Business, Communities, People, Politics
Tags: Manila, Market, Philippines, Urban, economy, government, living
Cebu is One of Most Competitive Cities
Cebu is One of Most Competitive Cities
CEBU CITY has been included in the “10 most competitive highly-urbanized cities in the Philippines today”, according to an annual survey.
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Published at 2018-08-25 by Puerto Parrot
Categories: Business, News and Events
Tags: Cebu City, economy