Category: Economic Indicators
DoE says working to make supply of power more reliable next year
WORKERS fix an electric line in Payatas, Quezon City, March 13. — PHILIPPINE STAR/ MICHAEL VARCAS THE Department of Energy (DoE) said it is working…
Marcos to sign administrative order on farm-to-market roads
DEPARTMENT OF AGRICULTURE/PHILSTAR FILE PHOTO PRESIDENT Ferdinand R. Marcos, Jr. is set to sign a joint administrative order this month outlining a timetable for establishing…
Japan’s MinebeaMitsumi in P4-B Cebu expansion
MINEBEAMITSUMI.COM JAPANESE electronics manufacturer MinebeaMitsumi, Inc. is undertaking a P4-billion expansion project in Naga City, Cebu, the Department of Trade and Industry (DTI) said. In…
Japan’s TDK hard drive equipment project worth P2.5B approved by FIRB
THE Fiscal Incentives Review Board (FIRB) on Tuesday approved the tax incentives application of TDK Philippines Corp. for a P2.5-billion manufacturing project, the Department of…
LGUs apply to borrow P20.2 billion in first half
THE Bangko Sentral ng Pilipinas (BSP) said local government units (LGUs) proposed to borrow P20.2 billion in the first half, mostly for infrastructure projects. The…
Health-rating labels for packaged food proposed
A woman buys groceries at a supermarket in Quezon City, March 4. — PHILIPPINE STAR/ MICHAEL VARCAS A LABELING law that would rate the health…
PHL signs tourism agreements with Saudi Arabia
REUTERS THE PHILIPPINES signed agreements with Saudi Arabia which are expected to enhance two-way visitor traffic between the two countries, the Department of Tourism (DoT)…
IRR for creative industries law signed
TOPDRAWANIMATION.COM THE implementing rules and regulations (IRR) of Republic Act No. 11904 or the Philippine Creative Industries Development Act (PCIDA) have been signed, the Department…
Ecozones underutilized but more in pipeline, NEDA’s Balisacan says
OFFICIALGAZETTE.GOV.PH ECONOMIC ZONES are currently underutilized and must be planned with more of an eye towards their long-term attractiveness to locators, National Economic and Development…
Red, yellow alerts raised over Visayas grid after four power plant outages
THE National Grid Corp. of the Philippines (NGCP) said it declared red and yellow and over the Visayas grid on Monday, with the red alert…
House committee clears reform bill for real property valuation by LGUs
THE House committee on ways and means approved a substitute bill seeking to reform the real property valuation system to allow local government units (LGUs)…
Target for training tourism workers set at 100,000
PIXABAY THE Department of Tourism (DoT) hopes to train 100,000 tourism workers in 2023 to improve the visitor experience, Secretary Maria Esperanza Christina G. Frasco…
Union proposes P100 minimum wage hike for Metro Manila
PHILIPPINE STAR/ ANDY G. ZAPATA JR. A TRADE UNION has filed a petition seeking a P100 increase in the daily minimum wage in the National…
Mark your calendars for the LGU permit renewal
It is 19 days before Christmas, 25 days before the New Year. The holiday season is a time of countdowns. We look forward to the…
Maharlika Wealth Fund: Cheers and fears
CRITICS from various sectors — including private citizens, economists, academics, bankers, and government officials — have decried the Maharlika Wealth Fund (MWF), citing lack of fiscal space, high…
Mindanao railway attracting interest from ‘other countries’
PHILIPPINE STAR / KRIZ JOHN ROSALES By Arjay L. Balinbin, Senior Reporter MORE COUNTRIES have expressed interest in building the Mindanao railway project, according to…
SMC Global Power offers Ilijan capacity to Meralco
SMCGLOBALPOWER.COM.PH SMC Global Power Holdings Corp., the power arm of San Miguel Corp. (SMC) has offered the capacity of its Ilijan natural gas to Manila…
Semirara sees ‘difficult’ year for power in 2023, relief from LNG imports to depend on price
SEMIRARAMINING.COM ISIDRO A. CONSUNJI, chairman and executive officer of Semirara Mining and Power Corp., said in a briefing on Friday that he expects power prices…
Foreign chambers want hybrid vehicle imports included in zero-tariff scheme
PHILSTAR FILE PHOTO IMPORTS of hybrid electric vehicles (EVs) should be accorded zero-tariff entry alongside full EVs, foreign business chambers said. The zero-tariff policy proposed…
EO expediting business permit issuance seen complementing ARTA functions
THE Department of Trade and Industry (DTI) said an executive order (EO) expediting business permits to be issued soon by President Ferdinand R. Marcos, Jr….