Imagine this: going on a road trip without maps or the aid of GPS. That has been the dilemma of previous administrations without an economic blueprint to use as a guide in navigating choppy economic waters. Know more:
IMAGINE this: going on a road trip without maps or the aid of GPS. That has been the dilemma of previous administrations without an economic blueprint to use as a guide in navigating choppy economic waters.
Balisacan, in an earlier interview with BusinessMirror, said the new administration will fast-track the release of the blueprint in order to guide departments on where they should prioritize their programs. The target is for the creation of a new blueprint by year end. This is especially crucial given the pandemic and the ill effects of the lockdowns, which was deemed the longest in the world. These negative effects have been felt in various sectors, most notably in human capital development, particularly in education.
Since last year, the Bangko Sentral ng Pilipinas has raised interest rates by 425 basis points. It’s only in the last two policy meetings that the Monetary Board decided to pause its aggressive monetary policy. Ateneo de Manila University economist Leonardo A. Lanzona agreed with Oplas that interest rates have been the most notable macroeconomic reform the current administration did in its first year.HOWEVER, much work needs to be done in terms of fighting inflation. Lanzona said measures to address supply chain issues, which were among the primary causes of expensive food items, need to be undertaken.
University of the Philippines Professor Emeritus Epictetus E. Patalinghug said apart from inflation, the economic reforms of the current administration which were done through the BSP included banking stability.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
NAST PHL announces new Academicians, awards outstanding PHL scientists | BusinessMirrorThe National Academy of Science and Technology, Philippines (NAST PHL), the highest recognition body on science and technology (S&T), recognized outstanding Filipino scientists for their significant scientific contributions to the country. The awarding ceremony for the 2023 NAST Awardees was held on July 13 as the culminating activity of the…
Baca lebih lajut »
‘PHL digitization successful if Marcos’s order followed’ | Rizal Raoul ReyesTHE government’s digitalization efforts could only succeed if Executive Order (EO) 32 is strictly implemented, an advocacy group said. “Upgrading our digital infrastructure to global standards will empower our government, industries and, most of all, our people to compete and excel in a highly digitized global economy,” CitizenWatch Philippines Co-convenor…
Baca lebih lajut »
State of PHL ‘sound, improving’—Marcos | Samuel P. MedenillaSHUNNING critics’ observations of bleak economic prospects since last year, President Ferdinand R. Marcos Jr. reported in his second State of the Nation Address (SONA) on Monday that the government was able to successfully “revive and rejuvenate” the country’s economy. The chief executive vowed to keep the country on track…
Baca lebih lajut »
'Oppenheimer' triumphs at PHL box office with P57.7M gross on first 5 days | BusinessMirrorFrom waves of raves among local fans and critics, Christopher Nolan’s latest star-studded and explosive cinematic masterpiece “Oppenheimer” opened with a big bang at the local (PH) box-office at P 57.7M in just five days. Fiery from its first five days of release in the Philippines, it grossed P19.018M alone…
Baca lebih lajut »
Government to spend 6% of GDP for infrastructure development–PBBM | Lorenz S. MarasiganPRESIDENT Ferdinand R. Marcos Jr. committed to keep spending as much as 6 percent of the country’s GDP for infrastructure development, driven by its goal of linking not only the three major island groups but “all prospective sites of economic development.” In his second State of the Nation Address (SONA),…
Baca lebih lajut »
Sovereign wealth fund is critical to development | Manny B. VillarThe infrastructure gap in the Philippines will keep growing unless we put a funding vehicle in place to bridge the divide. Many of our citizens are perhaps perplexed over the slow progress of infrastructure development in the country. But we can learn a lesson or two from our Asian neighbors,…
Baca lebih lajut »