Category: Economic Indicators
DBP to launch P12-billion lending program for hog industry
THE Development Bank of the Philippines (DBP) said it will launch a P12-billion credit facility for hog farmers to help the industry recovery from the…
IATF approves expanded quota for deployable health workers
The government has increased the quota of overseas-deployable health workers in occupations deemed critical to 6,500. the Palace announced Friday. In a statement, the President’s…
Decline in NCR building materials wholesale prices eases in May
The decline in wholesale prices of construction materials in Metro Manila eased to a four-month low in May, the Philippine Statistics Authority (PSA) said Friday. …
Quality rice seed seen requiring smaller quantities per hectare
RICE FARMERS are overseeding their fields, with the ideal volume for quality seed seen at between 20 to 80 kilograms per hectare depending on planting method, much less than what farmers are actually sowing, a researcher from the Philippine Rice…
EO silence on open-pit mining seen delaying DENR approval
THE Department of Environment and Natural Resources (DENR) is still studying whether it can lift the open-pit mining ban, the President’s spokesman said, more than…
Palace says estate tax amnesty program will be extended
THE PRESIDENT will extend the validity of the estate tax amnesty program for two years, his spokesman said Thursday, even in the absence of President…
ARTA to audit LGU compliance with online permit rules
THE Anti-Red Tape Authority (ARTA) said it is starting to audit local government units (LGUs) to check on their compliance in terms of moving their…
Fuel marking credited with generating P242.25B in revenue
TAXES COLLECTED from marked fuel amounted to P242.252 billion as of June 11, with the anti-smuggling program in full swing nearly two years after it…
Private investment in infrastructure projects seen expanding as governments struggle
THE Southeast Asian private sector’s role in infrastructure is likely to grow given the current constraints on governments in generating funding, experts said at a…
Farm lobby says tariff cuts have not lowered pork prices
REDUCTIONS in the pork import tariff rates have not lowered the retail price of pork, a farming industry official said. Samahang Industriya ng Agrikultura (SINAG)…
You’ve Got (e)Mail: Tax assessments in a pandemic
Since the COVID-19 pandemic started wreaking havoc over a year ago, government and private organizations have implemented flexible work arrangements allowing employees to work remotely….
Trade panel to streamline Customs processes to aid small businesses
The newly established committee for trade facilitation is expected to help micro-, small-, and medium-sized enterprises (MSMEs) to be more active in international trade and…
Competition commissioner weighing possibility of collusion in grid outages
THE Philippine Competition Commission (PCC) said it is looking into whether the recent power outages on the Luzon Grid are the result of collusion, as…
Wholesale price growth of general goods eases in April
PHILIPPINE STAR/ MICHAEL VARCAS THE year-on-year growth in wholesale prices of general goods slowed in April compared to the rate recorded in March, the Philippine…
NEA says new consumer connections up 11% in Q1
The National Electrification Administration (NEA) said Wednesday that electric cooperatives (ECs) connected 148,792 new power consumers in the first quarter, up 11% year on year,…
Trade dep’t developing online consumer complaints portal
An online consumer dispute resolution system will be rolled out soon in response to a spike in consumer complaints last year, the Trade department said….
Dar calls for pooling of know-how to fight hunger, climate change
EFFORTS to end hunger by 2030 and reduce the effects of climate change will gain impetus from a pooling of international expertise, Agriculture Secretary William…
Import-dependent India losing sleep over record high vegetable oil prices
NEW DELHI — India, the world’s top importer of vegetable oil, will have to spend billions of extra dollars this year to buy more costly…
DoF warns climate change could wipe out PHL economic gains
THE climate change crisis, if unaddressed, holds the potential to wipe out the economic gains made by the Philippines in recent years, the Department of…
Central bank to simplify MSME loan applications
THE Banko Sentral ng Pilipinas (BSP) said it is developing a simplified loan application form for micro, small, and medium enterprises (MSMEs). At an online…