Category: Economic Indicators
Energy dep’t may halt subsidies to remote areas that link to grid
THE DEPARTMENT of Energy (DoE) is proposing to halt the Universal Charge for Missionary Electrification (UC-ME) subsidy for remote areas that connect with the main…
DoE endorses plan to import 20,000 electric cars to Board of Investments
REUTERS THE DEPARTMENT of Energy said it has endorsed a P2.5-billion investment project that would bring in 20,000 imported electric vehicles. The department endorsed the…
Q4 2020 agriculture PPI rises by 4.1%
PHILIPPINE STAR/ MICHAEL VARCAS THE PRODUCER price index (PPI) for agriculture rose 4.1% in the fourth quarter of 2020, according to the Philippine Statistics Authority…
Customs seizes over 6,000 liters of unmarked fuel
PHILIPPINE STAR/ KRIZ JOHN ROSALES THE BUREAU of Customs (BoC) confiscated 6,357 liters of unmarked fuel earlier this month on suspicion of smuggling, the Department…
Deadline for petroleum reserve feasibility study set at 18 months
REUTERS THE DEPARTMENT of Energy (DoE) said Wednesday that it has allotted 18 months for a feasibility study on the proposed Strategic Petroleum Reserve (SPR)….
PHL, Vietnam could be among top RCEP beneficiaries — PIDS
THE PHILIPPINES and Vietnam could be the top gainers in terms of real gross domestic product (GDP) growth under a new 15-country Asia-Pacific trade deal,…
Legislator says taxing golf courses, subdivisions preferable to wealth tax
A SENIOR LEGISLATOR proposed Wednesday to tax the inefficient use of land, including golf courses and low-density subdivisions. Albay Rep. Jose Maria Clemente S. Salceda,…
Private school tax relief bill passes Senate on 2nd reading
PHILIPPINE STAR/ MIGUEL DE GUZMAN A BILL which makes explicit the eligibility of private schools for tax relief during the pandemic has passed in the…
Bids sought for 15-year Negros Occidental port management contract
THE Philippine Ports Authority has started soliciting bids for a port terminal management contract in Negros Occidental. The contract is for the port of Pulupandan…
Construction materials Aug. price growth in NCR at 31-month high
PHILIPPINE STAR/ MICHAEL VARCAS WHOLESALE PRICES of construction materials in Metro Manila rose 4.3% in August, the highest rate in 31 months, the Philippine Statistics…
Volumes landed at fish ports rise despite typhoons — PFDA
PHILSTAR VOLUMES unloaded at fish ports rose 5.85% week on week to 10,065.42 metric tons (MT) in the week to Sept. 12, despite recent typhoons,…
ERC orders PEMC to halt collection of congestion fees associated with Cebu-Negros cable outage
THE ENERGY Regulatory Commission (ERC) has directed the Philippine Electricity Market Corp. (PEMC) to suspend the collection of congestion charges and other fees triggered by…
Pork industry seeks relief from imports amid low farmgate prices
REUTERS THE GOVERNMENT needs to review its pork import policy due to the dampening effect imports have had on farmgate prices and amid increasing production…
The REIT Investment at the REIT Time
The lingering pandemic has spurred governments across the globe to continue expanding the money supply, ostensibly to keep interest and borrowing costs low for businesses…
COVID-19 insurance payouts P4.35B in H1, exceeding 2020
THE INSURANCE industry made payouts related to coronavirus disease 2019 (COVID-19) worth P4.35 billion in the first half, exceeding the total for 2020, according to…
SSS payments to jobless top P2.6B during pandemic
THE Social Security System (SSS) has released P2.62 billion in unemployment insurance benefits to 196,000 workers during the pandemic so far, the Department of Finance…
Budget retains focus on infrastructure as debate moves to House plenary
PHILIPPINE STAR/ MICHAEL VARCAS THE P5.042-trillion 2022 budget remains largely focused on bringing about a recovery led by infrastructure and social spending after progressing to…
PHL needs to add 20 GW of RE capacity to hit 2030 target
PHILSTAR THE PHILIPPINES must build an additional 20 gigawatts (GW) of renewable energy (RE) facilities within a decade to hit its target of 35% clean…
Filipino-Chinese chamber calls for liquidity support to spur consumption
THE Filipino-Chinese business chamber said one of the keys to recovery will be liquidity of sufficient volume to encourage a major boost in consumer spending….
House resolution backs more DTI funding to aid small businesses
PHILSTAR LEGISLATORS filed a resolution in the House seeking to increase the budget of the Department of Trade and Industry (DTI) for aid directed to…