Tag: Economic Growth

  • Negros Island Region Accelerates Transition with New Implementing Rules

    BACOLOD CITY – The transition to the newly established Negros Island Region (NIR) is gaining momentum, with full operations anticipated to commence on February 19, just 15 days after the release of the implementing rules and regulations (IRR) on Monday. Mayor Alfredo Abelardo Benitez, who is stepping down as chairman of the Regional Development Council-Western…

  • DOLE Bicol Job Fair Offers Over 3,000 Job Vacancies

    In a bustling event at Ayala Malls in Legazpi City, the Department of Labor and Employment in Bicol (DOLE-5) hosted a one-day job fair on January 31, 2025, offering over 3,000 job vacancies. The fair saw employers actively interviewing applicants, aiming to fill these positions promptly. Director Imelda Gatinao of DOLE-5 emphasized the event’s goal…

  • Tolentino Proposes Bill to Exempt Electricity and Internet from VAT

    In a move to alleviate financial pressures on Filipino families and businesses, Senate Majority Leader Francis Tolentino has introduced a bill to eliminate the 12% value-added tax on electricity and internet services. The proposal, Senate Bill No. 2970, was filed on January 31, 2025, and aims to reduce the high cost of electricity in the…

  • Visayas Governors Rally Behind President Marcos Jr.’s Leadership

    In a show of solidarity, leaders from the Visayas region have publicly reaffirmed their support for President Ferdinand R. Marcos Jr. The declaration came during a unity lunch hosted by Cebu Governor Gwendolyn Garcia, who also leads the ‘One Visayas Bloc’. At this gathering, all 16 governors from the Visayas, including those from Cebu, signed…

  • Cordillera Region Secures PHP35 Billion for Infrastructure and Road Enhancements in 2025

    The Cordillera Administrative Region (CAR) is set to benefit significantly from a PHP35 billion allocation for infrastructure and road connectivity in 2025, as announced by Khadaffy Tanggol, the director of the Department of Public Works and Highways (DPWH) in Cordillera. This substantial investment is aimed at enhancing the region’s development through improved transportation networks. Tanggol…

  • Davao City Bypass Tunnels Nearing Completion, Set to Transform Regional Connectivity

    The Davao City Bypass Construction Project is on the brink of a major milestone, with the northbound and southbound tunnels reaching 95% and 85% completion, respectively, as announced by the Department of Public Works and Highways (DPWH) on Tuesday. This significant development was highlighted during an inspection led by DPWH Senior Undersecretary Emil Sadain and…

  • Ilocos Norte’s P2C Program Set to Grow in Manila and Makati

    The Ilocos Norte government’s Producer-to-Consumer (P2C) initiative is set to broaden its reach into the bustling cities of Manila and Makati. This expansion aims to enhance the connection between producers and consumers, fostering economic growth for both parties. Elma Gabriel, who leads the province’s Micro, Small, and Medium Enterprise Office, shared that they are on…

  • Philippines Shines as Investment Hotspot at Davos WEF 2025

    The Philippines has emerged as a promising hub for global investments following its active participation at the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland. Speaker Ferdinand Martin Romualdez highlighted the fruitful discussions and engagements that the Philippine delegation had, which are expected to boost job creation and drive economic growth. Romualdez emphasized…

  • Philippines Showcases Investment Potential at Davos WEF 2025

    The Philippines is poised to attract more foreign investments after its active participation in the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland. Speaker Ferdinand Martin Romualdez highlighted the success of the Philippine delegation’s engagements, which he believes will lead to increased job opportunities and economic growth. Romualdez emphasized the country’s vast potential…

  • 98% of Cordillera Roads Now Paved, Enhancing Regional Connectivity and Economy

    In a significant development for the Cordillera Administrative Region (CAR), approximately 98% of its 2,379 kilometers of roads have been paved, a milestone celebrated during the 37th anniversary of the Department of Public Works and Highways (DPWH) in Baguio City. This achievement marks a dramatic increase from 1988, when only 23% of the region’s roads…