In a statement, PEZA director general Tereso Panga said President Marcos has included the CREATE to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) bill as one of the administration's priority legislative proposals.
"This will accelerate our country's bid to graduate to upper middle-income economy as we position the Philippines as the smart investment choice in the region," Panga said.
National Economic and Development Authority Secretary Arsenio Balisacan said the country is expected to achieve upper middle-income status by next year if the economy grows by at least six percent this year and sustains a robust economic performance next year.
Data released by the World Bank earlier this month showed the Philippines remained a lower middle-income country with its gross national income (GNI) per capita of $4,230 in 2023.
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Sara moves to terminate fund misuse probe
Vice President Sara Duterte appeared at yesterday’s hearing of the House committee on good government and public accountability, but refused to take her oath and requested the committee to terminate the hearing on the past expenditures of her office.
Marcos: Cough, cold won't slow me down
President Marcos has a cough and cold, but assured the public that his situation would not slow him down.
Monsoon, Ferdie, Gener leave 20 dead, 14 missing
Twenty people were killed while 14 others remain missing due to the combined effects of the enhanced southwest monsoon and tropical cyclones Ferdie and Gener, the National Disaster Risk Reduction and Management Council (NDRRMC) said yesterday.
Former PS-DBM exec in Pharmally mess nabbed
NO SP TREAT Un the re person Pre Sara D refu take he duri hea the com ΟΙ gover and accoun The Department of Foreign Affairs (DFA) is looking at filing a resolution with the United Nations General Assembly or UNGA to address the escalating tension in the West Philippine Sea due to China's continuous aggression.
Qualified trafficking raps filed vs Alice Guo
The Department of Justice (DOJ) filed on Tuesday before a Pasig Regional Trial Court (RTC) a qualified human trafficking case against dismissed Bamban mayor Alice Guo over her alleged involvement in the Philippine offshore gaming operator (POGO) hub raided in her municipality.
PNP: Harry Roque still in Phl
Harry Roque is still in the country, the Philippine National Police (PNP) said yesterday, as the manhunt for the former presidential spokesman intensified following an arrest order issued by the quad committee of the House of Representatives.
Comelec expects last-minute surge in voter registration
As the end of the voters’ registration nears on Sept. 30, the Commission on Elections (Comelec) sees a surge in the number of aspiring voters filing their applications.
Marbil: 24 ex-PNP chiefs probed over Guo ties
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Outstanding public servants cited
President Marcos yesterday awarded outstanding public servants.
Sara wishes Willie Ong 'speedy, complete' recovery
Setting aside past political differences, Vice President Sara Duterte has wished health advocate and cardiologist Willie Ong \"a speedy and complete recovery.