Dominguez on Congress’ trillion-peso stimulus plans: No funds for that

Dominguez on Congress’ trillion-peso stimulus plans: No funds for that

The trillions of pesos in stimulus bills which Congress passed to revive the economy post-pandemic cannot be funded because of lack of excess revenue, according to the government’s chief economic manager. Finance Secretary Carlos G. Dominguez III said if Congress insisted on passing the bills, the legislature would be committing an unconstitutional act. Among the […]
Neda, DOF see better jobs numbers as GCQ sets in

Neda, DOF see better jobs numbers as GCQ sets in

The transition to a less restrictive general community quarantine (GCQ) in many places was expected to narrow the unemployment rate of more than 17 percent posted last April, which broke a 15-year record, according to the country’s chief economist on Monday (June 8)....
‘Travel bubbles’ eyed to revive economies

‘Travel bubbles’ eyed to revive economies

A flight departing from Korea to Dalian International Airport, at Shandong province in 2020. [Photo/Sipa] via China Daily BEIJING — Governments in the Asia-Pacific region are exploring the creation of “travel bubbles” to spur essential business travel and help revive...
PH’s COVID-19 war chest breaches P1 trillion

PH’s COVID-19 war chest breaches P1 trillion

MANILA, Philippines — The Philippines’ war chest against COVID-19 breached the P1-trillion level as of June, the latest data compiled by economists at the Manila-based Asian Development Bank (ADB) showed, auguring well to a gradual easing of one of the most...