Wednesday, May 20, 2026
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Tag: Karl Kendrick Chua

Consumer spending is the economy’s weakest link

The economy’s slump in 2020 is not unexpected. With COVID-19 restricting travel and the movement of people, and forcing the closure of many business...

Economy at its worst in 2020

The economy shrank a record 9.5 percent last year, official data showed Thursday, after coronavirus measures devastated the retail and tourism sectors while a...

A bottled-up economy

"A contraction in the economy simply means more jobs are being lost in the pandemic." The economy’s dismal performance in 2020 was a forgone conclusion....

Managing risks key to recovery in 2021

The management of risks presented by the COVID-19 pandemic and other headwinds will be the key to economic recovery in 2021, acting Economic Planning...

Unemployment rate eases to 8.7%; recovery signs–Neda

The unemployment rate in the country improved to 8.7 percent in October from 10 percent in July and 17.6 percent in April as the...

An open letter to the President

"It is clear as day that some people are prepared to simply bend the rules."   Dear Mr. President, Early this month, you expressed your utmost disappointment...

PH still economic powerhouse in SEA–economist

A Kuala Lumpur-based economist said the Philippines remains an economic powerhouse in Southeast Asia amid the challenges due to the COVID-19 pandemic. Juwai IQI chief...

August inflation rate eased to 2.4% on lower food prices

Inflation rate in August slowed to a three-month low of 2.4 percent from 2.7 percent in July on lower prices of food and non-alcoholic...

Market rises slightly; BDO, Ayala Land lead advances

Stocks rose slightly Friday on a government report that the unemployment rate rated eased to 10 percent in July from a record high of...

Public Service Act vital for PH growth–solon

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What happened to due diligence?

"Perhaps the Philippine Statistics Authority can shed some light on this matter." President Rodrigo Duterte ordered acting National Economic Development Authority Secretary Karl Kendrick Chua to...

Lower House lauded on higher alcohol tax

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DoF backs Pacquiao’s bill to raise alcohol tax

Finance Undersecretary Karl Kendrick Chua backed the proposal of Sen. Emmanuel Pacquaio to increase the excise tax on alcohol products, saying it will raise...

Additional revenues seen in 2019 from excise tax

Finance Undersecretary Karl Kendrick Chua on Wednesday braced for a P32.3- billion additional revenues in 2019 from an increased  excise tax on alcoholic products that...
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