Gov’t vows to maintain conservative borrowing strategy

Despite the economic recession seen in the Philippines due to coronavirus (COVID-19) pandemic-prompted lockdown measures, fiscal managers are not keen on unleashing a fiscal bazooka in a way that would harm the government’s investment credit rating. In an economic forum hosted by Security Bank on Thursday, Finance Secretary Carlos Dominguez III affirmed that keeping a […]

Gov’t sets aside P1.12T for 2021 infra spending

The government has slightly jacked up the programmed spending for infrastructure to P785.5 billion this year as the World Bank noted that the quality of road, power and water infrastructure in the Philippines lagged behind those of its neighbors. The Cabinet-level...

Liberalized retail trade still gov’t priority

The Department of Trade and Industry (DTI) wants to make it easier for foreign businesses to set up shop here, easing their burden at a time when the health crisis has left Filipino mom-and-pop stores struggling to even pay rent. In a recent Zoom conference with...

Trade groups prod gov’t on stimulus bills

Large local business groups want to know how President Duterte will help micro, small and medium-sized enterprises (MSMEs) as they still await a clear action plan several months deep into the pandemic. Ahead of the State of the Nation Address on Monday, three business...