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‘Economic decisions independent from politics’

Finance Secretary Ralph Recto has maintained that his decisions will be separated from his long-standing political background as he pushes for the country’s economic progress......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Senate hearings on economic Cha-cha to start next week

Senate President Juan Miguel Zubiri said that the Senate will begin deliberating its proposal to amend the economic provisions of the 1987 Constitution next week amid heightened political tensions that seemed to have sprung from differing views on how to change the Charter......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

Senate to start tackling economic Cha-cha

With the Commission on Elections indefinitely suspending all proceedings related to the people’s initiative, the Senate will convene on Wednesday the committee of the whole to tackle the proposal to amend certain economic provisions of the 1987 Constitution......»»

Category: newsSource:  philstarRelated NewsJan 29th, 2024

4th mode of Cha-cha

In 2013, then House Speaker Quezon City 4th District Rep. Feliciano “Sonny” Belmonte Jr. first initiated a move to amend to the economic provisions of the 1987 Constitution by legislation – a law approved by Congress. Under Belmonte’s proposal, both chambers of Congress could vote separately to pass these economic amendments into law instead of a wholesale amendment of the Constitution......»»

Category: newsSource:  philstarRelated NewsJan 16th, 2024

Go pushes reforms to address concerns

The newly created Office of the Special Assistant to the President for Investment and Economic Affairs is spearheading programs and reforms to address investor concerns and streamline processes......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

NEDA’s bid to scrap telcos’ congressional franchise requirement opposed

The head of the 28-member minority bloc in the House of Representatives has opposed a proposal of the National Economic and Development Authority to scrap the legislative franchise requirement for telecommunications companies......»»

Category: newsSource:  philstarRelated NewsFeb 19th, 2024

Senate reworks vetoed Bulacan ecozone bill

A Senate panel tackled yesterday a proposed measure that would “cure and address” the proposal to create the Bulacan Airport City Special Economic Zone vetoed by President Marcos on his first full day in office......»»

Category: newsSource:  philstarRelated NewsFeb 1st, 2024

‘No risk of political reform in economic Cha-cha’

Apprehensions over possible insertion of political reforms like lifting of term limits for elected officials are misplaced since the ongoing economic Charter change in Congress covers only economic provisions, according to former Supreme Court justice Adolfo Azcuna......»»

Category: newsSource:  philstarRelated NewsMar 6th, 2024

Economic Cha-cha to boost FDI – BSP

Amending the restrictive economic provisions in the 1987 Constitution will likely attract more foreign investments in the country and stimulate economic growth, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMar 2nd, 2024

Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief

INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2024

NEDA Chief: More reforms needed to unlock full benefits of Cha-cha

MANILA, Philippines  —Socioeconomic Planning Secretary Arsenio Balisacan on Saturday reiterated his support for the proposed amendments particularly to the restrictive economic provisions of the Constitution. Those changes, the National Economic and Development Authority (Neda) chief said in a statement, are crucial for the economic advancement and competitiveness of the Philippines. Balisacan issued the statement to.....»»

Category: newsSource:  inquirerRelated NewsJan 27th, 2024

Charter change: Only the economic provisions should be included

So much controversy is being unnecessarily generated with this Charter change issue but in reality, changes to the overly protectionist economic provisions in the 1987 Constitution should be debated upon because it hinders the country from realizing its full economic potential......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

Extreme weather, economic downturn top risks for Philippines – WEF

Extreme weather events, an economic downturn and shortage in energy supply are the top risks seen in the Philippines for the next two years, according to the World Economic Forum......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

PH Economy Remains Optimistic Amid Global Slowdown

The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»

Category: newsSource:  metrocebuRelated NewsJan 12th, 2024

NEDA pushes phaseout of single-use plastic

The National Economic and Development Authority is pushing for the phaseout of single-use plastics and investments to improve waste management with the country’s total daily waste projected to rise to 194,138 metric tons by 2055......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Philippines pushes inclusion in US-Japan minerals deal

The Department of Trade and Industry is urging the US and Japan to include the Philippines in the existing critical minerals agreement of both countries......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

Mandaue City dad pushes ‘heat break’ for field workers

MANDAUE CITY, Philippines — A councilor in Mandaue City is advocating for a ‘heat break’ for the city’s field personnel to shield them from extreme heat and ensure a safe and conducive work environment. Councilor Joel Seno proposed his resolution during the city council’s regular session on Monday, April 22. Under the draft resolution, field.....»»

Category: newsSource:  inquirerRelated NewsApr 22nd, 2024

Marijuana-filled vapes: Cebu City council pushes probe

CEBU CITY, Philippines – The use of marijuana-filled vapes in Cebu City must be investigated and stopped, a Cebu City Councilor said in a proposed resolution. City Councilor Rey Gealon authored the resolution, requesting the Cebu City Police Office (CCPO) to investigate and determine the presence and use of marijuana-filled vapes in the city. The.....»»

Category: newsSource:  inquirerRelated NewsApr 19th, 2024

World Bank pushes new agri insurance products

The Philippines needs to come up with new and better agricultural insurance products to help farmers cope with natural disasters, according to the World Bank......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

Striking drivers, operators face financial woes

For single-unit operators like Chel Mallonga, 45, the impact of the government’s Public Utility Vehicle Modernization Program (PUVMP) would be drastic. Once consolidation pushes through, single-unit operators will no longer be granted franchises. The post Striking drivers, operators face financial woes appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsApr 17th, 2024