“The country must continue to hedge against risks posed by coronavirus disease 2019 (COVID-19) through a robust vaccination program and prudent reopening of the economy to sustain recovery momentum,” the DoF said. READ:
In an Economic Bulletin, the DoF said a “robust” vaccination effort must continue alongside a “prudent reopening of the economy to sustain economic momentum.”
Metro Manila and 48 other areas will remain under Alert Level 1, the most relaxed quarantine setting, between April 1 and 15. “Local manufacturing activities could continue to recover in the coming months fundamentally due to additional measures to further reopen the economy, with the shito Alert Level 1 in more areas around the country,” he said.
Philippine manufacturers remained positive about their output growth for the coming year, due to easing restrictions and higher demand, with some citing a “positive election outcome,” S&P Global said. S&P Global said its survey data point to an increase in new orders and output in March. Demand for domestic goods was at its highest in over three years since 2019, and also matched the reading for February 2022.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S. Koreans flock overseas for ‘revenge travel’ as COVID rules ease - BusinessWorld OnlineSEOUL — After spending two years being socially distanced in his home country of South Korea, Kim Hoe-jun booked a last-minute flight to Hawaii, where he had enjoyed his honeymoon six years ago, giving in to his craving for overseas travel.
Read more »
Hong Kong govt ‘strongly opposes’ UK, US report on city’s diminishing freedoms - BusinessWorld OnlineHONG KONG — Hong Kong’s government said on Friday it rejected “unfounded and ridiculous” allegations made in policy reports from Britain and the United States of a deteriorating political and legal situation due to the city’s sweeping national security law. The United States and Britain released strongly-worded reports on Thursday detailing concerns about an erosion […]
Read more »
Global factory activity slows as Ukraine crisis, inflation bite - BusinessWorld OnlineLONDON/TOKYO — Global factory activity slowed in March as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, while soaring energy costs drove a broader surge in prices, surveys showed on Friday. Uncertainty caused by the invasion, combined with an intensifying cost-of-living crisis, suggests the euro zone’s manufacturing industry could slide […]
Read more »
Prime Infra gets nod from IPs for water supply project - BusinessWorld OnlineRazon-led Prime Infrastructure Holdings Corp. (Prime Infra) announced that it secured the consent of the Dumagat-Remontado indigenous peoples (IPs) for the second phase of its bulk water supply project in Rizal. READ:
Read more »
PAGCOR fulfills nation-building functions amidst the pandemic - BusinessWorld OnlineDespite suffering a sharp de cline in its revenues due to the suspension of gaming operations, the Philippine Amusement and Gaming Corporation (PAGCOR) still managed to make significant contributions to national coffers and to nation-building amidst the global health crisis.
Read more »
S.Korea supports Iloilo smart greenhouse program - BusinessWorld OnlineSOUTH KOREA has assisted in the construction of smart greenhouses in Iloilo, in what is being pitched as a climate-change mitigation measure, the Department of Agriculture said. READ:
Read more »