Category: Economic Indicators
Fishermen, farmers still poorest in PHL
PHILSTAR Fisherfolk, farmers, children, and individuals residing in rural areas remained the poorest sectors in 2021, according to the Philippine Statistics Authority (PSA). Preliminary estimates…
Marcos issuing EO to address ‘water crisis’
PRESIDENT Ferdinand R. Marcos, Jr. said on Thursday that he will issue an executive order (EO) creating an interim agency that will manage what he…
SC exploration ruling reviewed for impact on other energy deals
BW FILE PHOTO THE Department of Energy (DoE) said it is reviewing whether a Supreme Court (SC) ruling rejecting a joint exploration deal with China…
Industrialists call for overhaul of corporate rehab law
BOC By Beatriz Marie D. Cruz THE Federation of Philippine Industries (FPI) urged legislators to overhaul the laws governing corporate rehabilitation in light of the…
Bishop asks South Cotabato to clarify stance on open-pit ban
PHILSTAR FILE PHOTO THE Bishop of Marbel has asked the South Cotabato province to clarify the status of its open-pit mining ban, following a Court…
JICA to provide tech assistance in developing sites along subway, North-South Rail lines
PHILIPPINE STAR/ MICHAEL VARCAS THE Bases Conversion and Development Authority (BCDA) said it has signed an agreement with the Japan International Cooperation Agency (JICA), which…
DBP to offer loans for coconut farmers
PHILSTAR FILE PHOTO STATE-RUN Development Bank of the Philippines (DBP) said on Thursday that it opened a special credit facility for coconut farmers, to finance…
ADB urges regional governments to ease barriers to movement in aid of tourism
REUTERS ASIA and the Pacific governments should address barriers to ease of travel in order to boost the recovery of international tourism, the Asian Development…
Marcos calls for flexibility in devolving functions to LGUs
OPS/ROBERTSON NINAL PRESIDENT Ferdinand R. Marcos, Jr. called on Wednesday for a review of a 2021 executive order (EO) farming out National Government (NG) functions…
Geothermal, hydro, wind sites on offer in 4th auction round
THE Department of Energy (DoE) said it has selected 19 sites to be offered this year for the fourth round of the open and competitive…
Oil spill clouds prospects of resorts, marine parks along Verde Island Passage
PHILIPPINE COAST GUARD FACEBOOK PAGE By Brontë H. Lacsamana, Reporter RESORTS and marine parks along the Verde Island Passage, an area of rich biodiversity between…
UPS projects PHL trade with Asia tripling to $393B by 2030
REUTERS PHILIPPINE TRADE with the rest of Asia is expected to triple by 2030 to $393 billion, logistics company UPS Philippines said. Citing the results…
ERC asked to review VAT treatment of system losses
A LEGISLATOR representing power cooperatives asked the Energy Regulatory Commission (ERC) on Wednesday to review its value-added tax (VAT) policy governing system losses, disputing this…
House resolves to extend travel tax exemption for EAGA-bound travelers
THE House of Representatives passed a resolution to renew a travel tax exemption for passengers departing from Mindanao and Palawan headed for any destination within the…
Gov’t urged to stockpile food in event of Taiwan-related logistics disruptions
REUTERS THE Philippine Chamber of Agriculture and Food, Inc. (PCAFI) on Wednesday urged the government to stockpile food in the event of supply chain disruptions…
Durian growers see top-5 export potential for their crop
BW FILE PHOTO DURIAN has the potential to become a top-five food export for the Philippines, growers said, as the industry undertakes preparations to supply…
Plastics industry seeks review to correct tariff ‘distortions’
PHILSTAR FILE PHOTO THE plastics industry said it wants a review to correct tariff “distortions” which render it uncompetitive against foreign-made finished products, which pay…
ELSE you are not forgotten
Less than a week after the mass “transfer” of Information Technology-business process management firms from the Philippine Economic Zone Authority (PEZA) to the Board of…
NEDA ordered to conduct study on delayed devolution timeline
AMENAH F. PANGANDAMAN — COURTESY OF DEPARTMENT OF BUDGET AND MANAGEMENT FACEBOOK PAGE PRESIDENT Ferdinand R. Marcos, Jr. has tasked the Commission on Devolution with…
House gives 3rd reading approval to REIT, crop insurance bills
BW FILE PHOTO THE House of Representatives approved on third and final reading a bill requiring real estate investment trusts (REITs) to reinvest the proceeds…