The public authority is hopeful of ecotourism being among the main impetuses for thoroughly executing a green economy to support Indonesia’s financial restoration. Ecotourism can be characterized as the travel industry that is led capably to monitor the climate and support the prosperity of the neighborhood individuals. Its advantages involve advancing natural mindfulness, offering direct monetary advantages for protection, and …

KUALA LUMPUR – Malaysian Prime Minister Muhyiddin Yassin said on Wednesday that the government will embark on an expansionary budget to ensure people’s prosperity and economic revival amid the Covid-19 pandemic. During a television interview, Prime Minister Muhyiddin said that the first focus of budget 2021 will be to fight Covid-19 in the health aspect, therefore it is important that …

METRO MANILA – Moody’s Investors Service said on Monday that Philippines may suffer the negative consequences of expensive payment as early as next year. In a research note which explored a scenario of a prolonged dollar weakness, Moody’s Investors Service said that it threatens to further deteriorate the fiscal house of Asian economies especially for countries like Indonesia, Sri Lanka …

METRO MANILA – The Department of Health’s (DOH) P2.5-billion allocation for COVID-19 vaccines in the 2021 national budget lacks some P10 billion to purchase coronavirus vaccines that will be enough to cover the 20 million Filipinos or 20% of the country’s population Health Undersecretary Maria Rosario Vergeire said in an online press briefing that DOH sent a recommendation that the …

METRO MANILA – Senate President Vicente Sotto III has accepted the apology of Speaker Alan Peter Cayetano on his remarks that the Senate should be the one to blame for any delay in the passage of the 2021 spending bill. Sotto said that he accepted the apology and the Senate will do the best work as the Senate always do. …

Following the planned deliberation of the omnibus bill on job development this week, the government is pinning its hopes on foreign investment and state spending to accelerate economic growth next year, the country’s top officials have said. On Oct. 2, the head of the Fiscal Policy Agency of the Finance Ministry, Febrio Kacaribu, said that economic reforms through the bill, …

MANILA – President Rodrigo Duterte has extended the declaration of the country’s state of calamity until next year due to the on-going Covid-19 pandemic. Proclamation No. 1021 was signed by the president last Sept. 16. It shall be effective until Sept. 12, 2021 unless earlier lifted or extended as circumstances may warrant. The president said that eventhough there is strides …

A 3.29 trillion baht budget bill for the 2021 fiscal year beginning in October was approved by the House of Representatives at reviving an economy battered by the global effects of the coronavirus pandemic. Budget planners have predicted the second-largest economy in Southeast Asia would contract 5-6 per cent this year until it will rise 4-5 per cent in 2021. …