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Fresh COVID outbreak unlikely amid China loosening prevention measures

Experts believe that Vietnam is unlikely to face a new COVID-19 wave, despite China beginning to open its borders and loosen COVID-19 control measures, thanks to the country’s high vaccination rate. ....

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Impfbereitschaft nimmt ab: Kommt Polio zurück?

Impfbereitschaft nimmt ab: Kommt Polio zurück?
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Moody's Analytics sees PH economy growing 8.8% in Q2 '22

(File photo) MANILA - Moody's Analytics forecasts the sustained expansion of the Philippine economy in the second quarter of 2022 at 8.8 percent. In its Asia Pacific Economic Preview for the week covering Aug. 8-12, 2022, the subsidiary of Moody's Investors Service said the projected growth of the domestic economy from April to June this year "have put the country on track to comfortably meet its GDP (gross domestic product) target of 7-9 percent in 2022." "Private consumption and investment will buoy second-quarter growth, but higher inflation rising interest rates, and fiscal consolidation will see the economic expansion slow in the second half of the year," it said. Economic managers have earlier reduced the growth target for this year between 6.5-7.5 percent on account of the impact of domestic and external developments. The domestic economy grew, as measured by GDP, by 8.3 percent in the first three months of this year, sustaining its expansion since re ....

Moody Investors Service , Philippine Statistics Authority , Asia Pacific Economic Preview , Investors Service , Ile Photo Manila Moody 39s Analytics Forecasts The Sustained Expansion Of Philippine Economy In Second Quarter 2022 At 8 Percent Its Asia Pacific Economic Preview For Week Covering Aug 12 , He Subsidiary Of Moody 39s Investors Service Said The Projected Growth Domestic Economy From April To June This Year Quot Have Put Country On Track Comfortably Meet Its Gdp Gross Product Target 7 9 Percent In 2022 Private Consumption And Investment Will Buoy Second Quarter , Ut Higher Inflation Rising Interest Rates , Nd Fiscal Consolidation Will See The Economic Expansion Slow In Second Half Of Year , Uot It Said Economic Managers Have Earlier Reduced The Growth Target For This Year Between 6 5 7 Percent On Account Of Impact Domestic And External Developments Economy Grew , S Measured By Gdp , Y 8 3 Percent In The First Three Months Of This Year , Ustaining Its Expansion Since Recovering From Negative Output In The Second Quarter Of Last Year When It Rose By 12 1 Percent Philippine Statistics Authority Psa Is Scheduled To Report 2022 On Aug 9 Economic Managers Said Household Consumption And Private Investments Are Projected Back Economy 39s Continued Recovery Amidst Impact Higher Inflation , Mong Others They Also Cited Strong Manufacturing Industry , High Vaccination Rate , Mprovement In Healthcare Capacity , Nd Rise In Tourism And Employment As Among The Buoy For This Year 39s Growth Psa Data Show That Manufacturing Expanded By 10 1 Percent First Quarter Of , He Second Top Contributor To Domestic Growth During That Quarter And Follows The 26 5 Percent Rise In Transportation Storage Industry Sector Grew By 10 4 Year On First Of This , A Reversal From Its 4 2 Percent Print In The First Quarter Of 2021 Pna ,

Solon endorses DOF plan to solve economic woes

(PNA file photo) MANILA A lawmaker on Friday endorsed to the Marcos administration the 2022 Fiscal Consolidation and Resource Mobilization Plan that was released by the previous administration to address the current economic challenges brought about by the pandemic, inflation, and outstanding national debt. Aklan Rep. Teodorico Haresco, Jr. said the plan of the Duterte administration's Department of Finance (DOF), led by then finance secretary Carlos Dominguez III, seeks to modify and supplement existing tax laws for more effective and efficient revenue collection. Haresco said it proposes the deferment of the personal income tax reduction under the Tax Reform for Acceleration and Inclusion Law; modifications to the Value-Added Tax (VAT) system; and expansion of tax administration to include social media influencers. He said it also pushes for additional excise taxes; expansion of health and sin taxes; admission charges for casinos and imposition of gaming tax on electronic betti ....

Davao City , Amenah Pangandaman , Benjamin Diokno , Ferdinand Marcos Jr , Isidro Ungab , Haresco Jr , Department Of Finance , Resource Mobilization Plan , Teodorico Haresco , Carlos Dominguez , Tax Reform , Inclusion Law , Value Added Tax , Finance Secretary Benjamin Diokno , President Ferdinand Marcos , Secretary Amenah Pangandaman , Na File Photo Manilaa Lawmaker On Friday Endorsed To The Marcos Administration 2022 Fiscal Consolidation And Resource Mobilization Plan That Was Released By Previous Address Current Economic Challenges Brought About Pandemic , Nd Outstanding National Debt Aklan Rep Teodorico Haresco , R Said The Plan Of Duterte Administration 39s Department Finance Dof , Ed By Then Finance Secretary Carlos Dominguez Iii , Eeks To Modify And Supplement Existing Tax Laws For More Effective Efficient Revenue Collection Haresco Said It Proposes The Deferment Of Personal Income Reduction Under Reform Acceleration Inclusion Law Modifications Value Added Vat System Expansion Administration Include Social Media Influencers He Also Pushes Additional Excise Taxes Health Sin Admission Charges Casinos Imposition Gaming On Electronic Betting Carbon Emissions Cryptocurrency Quot Needs Times Require Government Prioritize Seeking Sources Pay Off National Debt Finance Its Programs This Can Be Made Possible Througha Fiscal Robustness Strategy Focused Refocusing Our Current , Uot Haresco Said Ina Statement , Ew Finance Secretary Benjamin Diokno Said He Aims To Tackle The Country 39s Economic Problem By Focusing On Growth And Tax Management , Tating That The Challenge For Government Is To Ensure Quot Our Growth Must Be Higher Than Interest Payments Creditors Haresco Expressed Confidence President Ferdinand Marcos Jr 39s Economic Team Most Highly Experienced And Familiar With Proverbial Rough Roads Towards Implementation Ofa Fiscal Consolidation Resource Mobilization Plan Davao City Rep Isidro Ungab , Aid The Review And Evaluation Done By President 39s Economic Team For Government Medium Term Macroeconomic Assumptions Fiscal Program , Nd Growth Targets For Fy 2022 To 2028 Are Quot Sensible Moves Address The Economic Challenges Country Is Facing Such As Pandemic ,

Eco managers adjust targets vis-a-vis latest dev'ts

Budget and Management Secretary Amenah Pangandaman (PNA file photo) MANILA - Economic managers have lowered the government's growth target for 2022 after taking into consideration the impact of the latest external developments. In a briefing on Friday, Department of Budget and Management (DBM) Secretary Amenah Pangandaman said the latest gross domestic product assumption for the year was changed to between 6.5 percent and 7.5 percent, lower than the 7 percent to 8 percent approved by economic managers in May, "in consideration of recent external and domestic developments." However, the 2023-2025 forecasts were hiked to 6.5 percent to 8 percent from the previous 6 percent to 7 percent. The 2026-2028 growth assumption is between 6.5 percent and 8 percent. "The increase in household consumption and private investments, along with a robust manufacturing industry, high vaccination rate, improved health care capacity, and the upward trend on tourism and employment has allo ....

United States , Amenah Pangandaman , Arsenio Balisacan , Ferdinand Marcos Jr , Ernesto Pernia , Department Of Budget , Secretary Amenah Pangandaman , Budget And Management Secretary Amenah Pangandaman Pna File Photo Manila Economic Managers Have Lowered The Government 39s Growth Target For 2022 After Taking Into Consideration Impact Of Latest External Developments Ina Briefing On Friday , Epartment Of Budget And Management Dbm Secretary Amenah Pangandaman Said The Latest Gross Domestic Product Assumption For Year Was Changed To Between 6 5 Percent 7 , Ower Than The 7 Percent To 8 Approved By Economic Managers In May , Uot In Consideration Of Recent External And Domestic Developments Quot However , He 2023 2025 Forecasts Were Hiked To 6 5 Percent 8 From The Previous 7 2026 2028 Growth Assumption Is Between And Quot Increase In Household Consumption Private Investments , Long Witha Robust Manufacturing Industry , High Vaccination Rate , Mproved Health Care Capacity , Nd The Upward Trend On Tourism And Employment Has Allowed Us To Safely Re Open Economy Registera Positive Growth For First Three Months Of 2022 , Uot According Toa Statement Relatively , He Inflation Assumption For The Year Was Changed To Between 4 5 Percent And From 3 7 2023 Figures Were Also Adjusted 2 But 2024 2025 Figure Retained At Even Approved As Range Until 2028 Changes Made Rate Of Price Increases Is Seen Accelerate Further In Coming Months Due Part Volatility Global Oil Prices First Half Averaged , Igher Than The 2 Percent To 4 Target Band Of Government Monetary Authorities Projected Inflation Average At 5 This Year Peso Us Dollar Assumption For Was Kept Php51 Php55 But 2023 Figure Changed From Php50 Php53 , Hich Is Also The Assumption Until 2028 Growth For Exports Was Kept At 7 Percent This Year And 6 2025 , Hich Was Also Adopted As The Assumption Until 2028 Imports Growth For This Year Hiked To 18 Percent From 15 Previously 2023 Ofa 6 Expansion And 8 2024 2025 Kept Revenue In Terms Of Fiscal Numbers , He Revenue Assumption Of Php3 304 Trillion For This Year Was Kept , Long With The Php3 632 Trillion For 2023 And Php4 062 2024 However , He 2025 Assumption Of Php4 548 Trillion Was Hiked To 576 By 2026 , Evenues Are Seen To Hit Php5 155 Trillion While An Increase 821 And Php6 589 In The Succeeding Two Years Budget Gap For This Year Was Kept At Php1 65 2023 Assumption 453 Quot Will Be Achieved Through Improved Spending Efficiency Alignment Of Priorities That Anchored On Administration 39s Eight Point Socio Economic Agendas , Ne For The Near Term And Another Medium ,