A move to further liberalize the Philippine economy.
Despite recent price increases caused by the ongoing crisis between Russia and Ukraine, the DOF maintained its stance on suspending excise.
Personal remittances in 2021 reached an all-time high of $34.9 billion, accounting for 8.9% of the country's GDP.
40% of the employed individuals in the country hold academic credentials beyond what their occupations require
Former National Economic and Development Authority (Neda) said that that the country's per capita GDP in current US dollars must double in order for it to become an Upper Middle Income Country (UMIC).
Lopez explained that the country will lose the same amount it earned when Metro Manila was moved to the second-lowest warning level, Alert Level 2.
Eligible members may borrow up to 80% of their total Pag-IBIG Savings.
The SSS has been providing 13th-month pensions to its beneficiaries since December since1988. The cash privilege is available to members who are receiving retirement, survivor, or complete disability pensions.
According to Benjamin Diokno, the head of Bangko Sentral ng Pilipinas, inflation will be a bigger threat to the Philippine economy next year than Covid-19.
Despite the pandemic, the Philippine economy grew by 7.1 percent from July to September 2021.