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Philippine inflation accelerates to 4.9 pct in April

MANILA, May 5 (Xinhua) Headline inflation in the Philippines accelerated to 4.9 percent year-on-year in April from 4 percent in March, mainly due to higher p ....

Karl Kendrick Chua , Dennis Mapa , Philippine Statistics Authority , Planning Secretary Karl Kendrick Chua , Mainly Due , Food And , Chua Said ,

Philippine unemployment rate remains at 6.4 pct in February

MANILA, April 7 (Xinhua) The unemployment rate remained at 6.4 percent in February despite easing of pandemic restrictions, the Philippine Statistics Authori ....

Karl Kendrick Chua , Dennis Mapa , Philippine Statistics Authority , Planning Secretary Karl Kendrick Chua , Chua Said , Alert Level ,

Placing PH under Alert Level 1 to prop up economy: solon

(File photo) MANILA - A lawmaker on Thursday said placing the entire country under the lowest Covid-19 alert level is the best way to strengthen the domestic economy and cushion the impact of the Russia-Ukraine tension. Camarines Sur Rep. Luis Raymund Villafuerte said the "deepening fallout" from the Russia-Ukraine conflict, particularly the threat of inflation with global oil prices possibly rising to USD200 a barrel, could crush prospects for a "return to pre-pandemic growth" within the year. "Hence, the full reopening alone of the economy by placing the entire country under Alert Level 1 status will guarantee greater economic activity, revive shuttered businesses and restore or create jobs at this point when our country is already on the road to recovery on the back of declining Covid-19 infections, a faster coronavirus vaccine rollout and improving economic indicators," Villafuerte said. He said the key to economic resilience is risk management, which ....

Camarines Sur , Quezon City , Luis Raymund Villafuerte , Karl Kendrick Chua , Rodrigor Duterte , Carlito Galvez Jr , National Task Force , National Economic , Development Authority , Alert Level , President Rodrigo , Ile Photo Manilaa Lawmaker On Thursday Said Placing The Entire Country Under Lowest Covid 19 Alert Level Is Best Way To Strengthen Domestic Economy And Cushion Impact Of Russia Ukraine Tension Camarines Sur Rep Luis Raymund Villafuerte Quot Deepening Fallout From Conflict , Articularly The Threat Of Inflation With Global Oil Prices Possibly Rising To Usd200a Barrel , Ould Crush Prospects Fora Quot Return To Pre Pandemic Growth Within The Year Hence , He Full Reopening Alone Of The Economy By Placing Entire Country Under Alert Level 1 Status Will Guarantee Greater Economic Activity , Evive Shuttered Businesses And Restore Or Create Jobs At This Point When Our Country Is Already On The Road To Recovery Back Of Declining Covid 19 Infections , A Faster Coronavirus Vaccine Rollout And Improving Economic Indicators , Uot Villafuerte Said He The Key To Economic Resilience Is Risk Management , Hich Can Be Done By Adopting The Most Relaxed Health Protocols Across Country Under Alert Level 1 Status , Ll Businesses And Establishments Along With Public Transportation Are Allowed To Operate At 100 Percent Capacity He Said Greater Economic Activity Would Also Mean Higher Revenues For The Government , Hich Will Enable It To Spend More On Covid 19 Response And Other Priority Programs , Articularly Those That Would Bolster Recovery Such As Infrastructure And Agriculture During President Rodrigor Duterte 39s Talk To The People On Monday , Ational Economic And Development Authority Neda Chief Socioeconomic Planning Secretary Karl Kendrick Chua Said The Cluster Recommended That Country 39s Quot Overall Economy Shift To Alert Level 1 At Soonest Possible Time Open All Schools For Face Learning This Is Increase Our Domestic Offset External Risks So While We Cannot Prevent Risk Coming From Global Perspective , E Can Strengthen Our Domestic Economy To Provide The People With More Jobs And Opportunities , Uot He Added Among The Measures Proposed By Cabinet 39s Economic Development Cluster , Chua Said ,