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Employers urge gov't to mobilize private sector in infra projects – Manila Bulletin


Published July 1, 2021, 7:00 AM
Employers on Wednesday, (June 30) said government must mobilize private sector participation in the massive infrastructure projects in light of limited fiscal space due to slower growth.
This formed part of the 42nd National Conference of Employers (NCE) Resolutions approved by the Employers Confederation of the Philippines (ECOP) at the closing of the virtual conference on Wednesday.
The 42NCE with the theme “Reform. Rebound, Recover” has emphasized the need for tripartite cooperation as they committed to create 1 million jobs. Employers also cited the Philippine Statistics Authority report placing the country’s unemployment rate in April 2021 at 8.7 percent which translates to about 4.14 million jobless Filipinos. Likewise, the gross domestic product (GDP) shrank 4.2 percent in the first quarter of 2021, up from a 2020 average contraction of 9.6 percent. ....

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Gov't leads whole-of-society efforts for economic recovery – Manila Bulletin


Published May 6, 2021, 12:08 AM
At a job summit convened by the task group of the National Economic Recovery Strategy held last Labor Day, the country’s top economic managers rallied business, industry and civil society leaders in adopting a whole-of-society approach to economic recovery.
Socio-Economic Planning Secretary Karl Kendrick Chua pointed out that the government has allocated P2.5 trillion, or 14 percent of the country’s gross domestic product (GDP); of this amount P2 trillion will come from the 2021 General Appropriations Act or national budget approved by Congress.
Additionally, the government is spending P478 billion in fiscal measures this year including: P317 billion from the Bayanihan to Recover as One (Bayanihan 2); P23 billion Social Amelioration Program 2 for the National Capital Region, Bulacan, Cavite, Laguna, and Rizal or the NCR Plus; and P138 billion tax breaks to all enterprises under the Corporate Recovery and Tax Incentives for Enterprise ....

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