Category: Economic Indicators
BSP sees need for new credit norms to evaluate gig workers
DEEZY/PIXABAY FINANCIAL INSTITUTIONS should consider alternative data beyond the usual credit scoring techniques following the rise in the number of gig-economy workers, a central bank…
PSA cuts second-quarter palay output estimate to 4.17 million MT
PHILSTAR THE second-quarter official estimate for production of palay, or unmilled rice, has been reduced to 4.17 million metric tons (MT), down 1.4% from the…
Community digital hubs seen as bridges to financial inclusion
PHILSTAR By Arjay L. Balinbin, Senior Reporter THE DEMOCRATIZATION of financial services in the Philippines continues to improve with the growing participation of communities through…
Potential vaccine makers to receive gov’t assistance with patent search process
FREEPIK THE INTELLECTUAL Property Office of the Philippines (IPOPHL) said Wednesday that it launched a patent information report project to aid manufacturers that might be…
ERC asked to roll back Napocor missionary charges
PHILSTAR CONSUMER-INTEREST group Laban Konsyumer, Inc. (LKI) said Wednesday that the Energy Regulatory Commission (ERC) needs to dismiss the National Power Corp.’s (Napocor) applications to…
Financial stability council backs proactive moves vs risks to system
THE FINANCIAL Stability Coordination Council (FSCC) said certain industries will undergo transformation in transitioning to the New Economy, and recommended proactive measures to head off…
A year after: Streamlining transfer pricing requirements
A year ago, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 19-2020, prescribing the use of BIR Form No. 1709 (Related Party…
Palace still seeking ‘balanced,’ ‘acceptable’ anti-endo measure
PHILIPPINE STAR/ BOY SANTOS By Kyle Aristophere T. Atienza, Reporter THE PRESIDENT’S spokesman said the Executive branch is still working with Congress on a version…
PHL signs agreement for second tranche of Japan subway loan
PHILSTAR FOREIGN AFFAIRS Secretary Teodoro L. Locsin, Jr. signed the second-tranche loan agreement with Japan Tuesday for the financing of the Metro Manila Subway’s Phase…
June retail price growth of building materials steadies in capital region
PHILIPPINE STAR/ BOY SANTOS By Nadine Mae A. Bo THE OVERALL year-on-year increase in retail prices of construction materials in Metro Manila steadied for a…
POGO tax bill skips bicam as House adopts Senate version
PHILSTAR A PROPOSED law seeking to tax Philippine Offshore Gaming Operators (POGOs) will be transmitted directly to the Palace after the House adopted the Senate…
Farm losses due to Fabian, monsoon rains estimated at P285.73M
AGRICULTURAL DAMAGE due to rains brought by the southwest monsoon, enhanced by Typhoon Fabian (international name: In-fa), was estimated at P285.73 million, according to the…
NEA ahead of target electrification pace in first half
THE NATIONAL Electrification Administration (NEA) said Tuesday that it has brought power to a total of 590 rural villages or more than half of its…
Former DoE official elected as PEMC president
By Angelica Y. Yang, Reporter FORMER ENERGY Assistant Secretary (ASec) Leonido J. Pulido III has been elected to lead the Philippine Electricity Market Corp. (PEMC)…
NEDA’s Chua calls for better data to accelerate economic reform
PHILSTAR THE GOVERNMENT needs to improve its information gathering and management to help policymakers develop vital economic reforms faster, Socioeconomic Planning Secretary Karl Kendrick T….
ADB $1.75-B loan for south rail project up for board approval
BW FILE PHOTO THE ASIAN Development Bank (ADB) said it is scheduled to approve a $1.75-billion loan for the South Commuter Railway project, which will…
ARTA wants 100% return to office for gov’t frontline staff
PHILSTAR THE ANTI-RED Tape Authority (ARTA) has thrown its support behind requiring 100% office capacity for all frontline government workers to ensure speedy processing and…
‘More equitable’ net metering needed for solar
By Angelica Y. Yang, Reporter THE PRESIDENT of Energy Development Corp. said Monday that higher net metering rates will encourage power consumers to invest in…
Metro Pacific proposed toll structure approved for CALAX Subsection 5
MPCALA HOLDINGS THE TOLL Regulatory Board (TRB) has issued a notice approving the fee structure for Cavite-Laguna Expressway (CALAX) Subsection 5, from Silang East Interchange…
WESM central scheduling to continue in Mindanao — DoE
THE DEPARTMENT of Energy (DoE) ordered the power industry in Mindanao to carry on with the central scheduling scheme in place for the wholesale electricity…