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IN light of the Philippine Development Report 2023’s emphasis on the need to upgrade and expand the nation’s infrastructure, the chairman of the House Committee on Public Works and Highways said both the Department of Public Works and Highways (DPWH) and the lower chamber will actively address the repercussions of…
THE government’s executive and legislative branches must work closely together to ensure that fiscal targets are met, according to the 2023 Philippine Development Report (PDR). However, the report also noted that maintaining these gains this year through 2028 may be difficult if new tax laws are not quickly put into…
THE Marcos Jr. administration aims to increase the country’s spending for Research and Development (R&D) to 0.4 percent of GDP this year. In the Philippine Development Report (PDR), this is higher than the gross expenditure on R&D to GDP of 0.32 percent baseline set in 2018, and the 0.35 percent…
Shoppers in public markets nationwide could soon enjoy free Wi-Fi connection to enable them to pay using their e-wallets, according to the Philippine Development Report (PDR). This is part of the government’s plan this year and next year to help facilitate the use of digital financial services, such as the…
THE country missed its merchandise trade goals last year as data from the Philippine Statistics Authority (PSA) showed both exports and imports contracted between January and December 2023. The PSA data showed exports contracted 7.6 percent to $73.52 billion while imports declined 8.2 percent to $125.95 billion in 2023. In…