In 2020 the Philippines experienced one of the world’s longest and strictest lockdowns implemented to stem the Covid-19 pandemic. These measures presented significant economic challenges. Indeed, GDP contracted by 11.5% year-on-year in the third quarter of 2020 – albeit at a slower rate than the previous quarter, which saw a drop of 16.9%....
Which legal reforms should be prioritised to stimulate growth after the Covid-19-induced recession?
This chapter examines the legal system of the Philippines, focusing largely on the stipulations of Bayanihan 1 and 2, which were passed into law in March and September 2020, respectively, to address the economic and health impacts of the Covid-19 pandemic. The chapter also outlines new guidelines on remote participation, corporate donations, corporate debt vehicles and draft guidelines for the...
The Philippines is one of the world’s fastest-growing nations. Although economic activity slowed during the 2020 Covid-19 pandemic period, stimulus measures, imminent public sector policies and a larger budget are expected to create jobs, generate growth and help kick-start the country’s recovery during 2021.
Parliament passed the Mining Amendment Bill 2020 and the Oil and Gas Amendment Bill 2020 on July 10, 2020. These bills will significantly change the mineral, and oil and gas sectors, and will take effect following their certification by the speaker of Parliament. The mining bill intends to give the state an avenue to directly participate in...
GOVERNMENT STRUCTURE: There are three levels of government in Papua New Guinea: national, provincial and local. The legislative powers of these governments are regulated by the constitution and the Organic Law on Provincial Government and Local Level Government (Organic Laws). Each level has its own distinct law-making powers. The...
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