Tag: economy
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DOLE Urges Consideration of MSMEs in Proposed P200 Wage Increase
The Department of Labor and Employment (DOLE) has emphasized the need to consider the impact on micro, small, and medium enterprises (MSMEs) before finalizing the proposed P200 daily wage increase. This statement was made by DOLE Secretary Bienvenido Laguesma during a news forum in Quezon City. Laguesma highlighted that over 95% of the more than…
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President Marcos Calls for Further Study on Proposed PHP200 Daily Wage Increase
President Ferdinand R. Marcos Jr. has emphasized the need for a thorough examination of the proposed PHP200 daily wage increase, responding to calls from some legislators to expedite the bill’s passage to improve the living standards of Filipino workers. Speaking in Pasay City, Marcos highlighted the role of the tripartite board in setting wage adjustments…
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Cordillera’s Roads Now 98% Paved, Boosting Regional Connectivity and Economy
In a significant development for the Cordillera Administrative Region (CAR), 98% of its 2,379 kilometers of roads are now 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 improvement from 1988, when only 23% of the region’s roads were…
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Philippine President Marcos Jr. Celebrates 2024 Economic Achievements, Calls for Better Public Communication
In a recent statement from Malacañang, President Ferdinand R. Marcos Jr. expressed his satisfaction and pride in the economic strides made by the Philippines throughout 2024. Speaking at the 24th National Economic and Development Authority (NEDA) Board Meeting, Marcos highlighted the importance of effectively communicating these achievements to the Filipino public. Marcos emphasized the need…
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President Marcos Jr. Celebrates 2024 Economic Achievements, Calls for Better Public Communication
In a recent statement from Malacañang, President Ferdinand R. Marcos Jr. expressed his satisfaction and pride in the economic strides made by the Philippines throughout 2024. Speaking at the 24th National Economic and Development Authority (NEDA) Board Meeting, Marcos highlighted the importance of effectively communicating these achievements to the general public. Marcos emphasized the need…
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President Marcos Urges Development of Semiconductor Sector to Boost Philippine Economy
In a recent meeting with the Private Sector Advisory Council-Education and Jobs Sector Group (PSAC-EJSG) at Malacañang, President Ferdinand R. Marcos Jr. emphasized the urgent need to advance the semiconductor and electronics industry in the Philippines. He highlighted the sector’s significant potential to enhance the national economy, noting that it has not been a traditional…
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Diplomatic Community Applauds Marcos Jr.’s Administration for Promising Economic Outlook
The diplomatic community in the Philippines has voiced a strong sense of optimism regarding the economic future under the leadership of President Ferdinand R. Marcos Jr. This sentiment was shared by Archbishop Charles Brown III, the Apostolic Nuncio to the Philippines, who praised the recent economic indicators on inflation, growth, and employment as presented by…
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Speaker Romualdez Credits Economic Policies for Boosting Employment
Speaker Martin Romualdez recently highlighted the effectiveness of the government’s economic strategies in enhancing the employment landscape, as evidenced by a significant reduction in unemployment to a five-month low of 3.2 percent in November 2024. In a statement, Romualdez linked the positive employment trend to the robust economic growth under President Ferdinand R. Marcos Jr.’s…
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Wage Increases in 14 Regions to Benefit Nearly 5 Million Workers
In a significant move to bolster the earnings of minimum wage workers, 14 Regional Tripartite Wage Productivity Boards (RTWPBs) have approved wage hikes that will directly impact nearly five million private sector employees in 2024. According to the Department of Labor and Employment (DOLE), these increases, ranging from PHP21 to PHP75, have been sanctioned across…
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