IN President Ferdinand Romualdez Marcos’ State of the Nation Address (SONA) on July 24, 2023, he asserted (to enthusiastic applause) that: “While the global prospects were bleak, our economy posted a 7.6 percent growth in 2022—our highest growth rate in 46 years. For the first quarter of this year, our growth has registered at 6.4 percent. It remains within our target of 6 percent to 7 percent for 2023. We are still considered to be among the fastest-growing economies in the Asian region and in the world. It is a testament to our strong macroeconomic fundamentals.”
With several critical reforms laid in the groundwork, more are in the pipeline to create a favorable environment for businesses to thrive, attract investments, and generate more jobs for all Filipinos, the leadership of the House of Representatives told business leaders on Tuesday.
TRADE Secretary Alfredo E. Pascual called on his counterparts at the Asia Pacific Economic Cooperation Ministers Responsible for Trade (APEC MRT) meeting to make the World Trade Organization (WTO) more “effective and responsive” in addressing modern challenges, such as keeping pace with technological developments, among others.
After the government decided on implementing new measures on transportation, including the use of contactless solutions for fare transactions, financial technology player GCash has stepped up to collaborate with taxi operators to allow the riding public to pay for their metered fares via their mobile wallets.