Category: Economic Indicators
NGCP urged to raise level of power available via standby contracts
THE National Grid Corp. of the Philippines (NGCP) has been urged to raise the level of standby power available to it in order to ensure…
DBM releases P1B for risk allowance of healthcare frontliners
PHILIPPINE STAR/ MICHAEL VARCAS THE Department of Budget and Management (DBM) said it released P1.04 billion to the Department of Health (DoH) to cover allowances…
DTI estimates e-commerce sellers at 2 million, exceeding forecasts
THE Department of Trade and Industry (DTI) said that the number of entities doing business as online sellers has risen to 2 million, far larger…
Fuel subsidy distributed to 10,000 farmers, fisherfolk in Soccsksargen
PHILSTAR THE Department of Agriculture (DA) is currently distributing a tranche of the fuel subsidy to nearly 10,000 registered farmers and fisherfolk in Soccsksargen. “One…
Bills establishing tech-voc special schools approved by House panel
DUALTECH/HANDOUT/PHILSTAR FILE PHOTO A JOINED House committee approved on Tuesday bills seeking to create so-called “Meister” schools, which are geared towards training graduates for the…
PUV modernization to proceed after being left off 2023 budget
Hyundai’s fleet of Modern PUVs in San Jose Del Monte, Bulacan — PHOTO FROM HYUNDAI ASIA RESOURCES, INC. By Arjay L. Balinbin, Senior Reporter THE…
ERC expecting transmission charges to fall
WORKERS fix an electric line in Payatas, Quezon City, March 13. — PHILIPPINE STAR/ MICHAEL VARCAS THE Energy Regulatory Commission (ERC) said on Monday that…
Prices steady for Christmas feast goods, supermarket industry says
PHILSTAR FILE PHOTO/ KNORR RELEASED PRICES are steady for groceries associated with the traditional Christmas feast, known in the Philippines as ”noche buena,” the supermarket…
BIR says small taxpayers won’t be focus of agency’s enforcement efforts
People line up to file their income tax returns at the Bureau of Internal Revenue office in Intramuros, Manila, April 18. — PHILIPPINE STAR/ RUSSELL…
BoI pitching investors to locate in South-Central Mindanao, Western Visayas
THE Board of Investments (BoI) said it is hoping to persuade investors to locate their operations in South-Central Mindanao and the Western Visayas. In a…
POGO revenue well below forecast at P4.4 billion
PHILSTAR THE Bureau of Internal Revenue (BIR) said on Monday that taxes generated by the Philippine Offshore Gaming Operator (POGO) industry amounted to P4.4 billion…
NGOs call for ban on Sierra Madre logging, mining
MASUNGI GEORESERVE FOUNDATION, HANDOUT NON-GOVERNMENT organizations (NGOs) called for a blanket ban on logging, quarrying, and mining in Eastern Luzon’s Sierra Madre range, saying the…
Ease of Paying Taxes bill approved in House
The digitalization of the tax agencies finds Congress eager “to modernize the labyrinthine tax administration procedures by simplifying tax compliance, removing redundant and obsolete tax…
PCC expects delayed rulings for medical services, tourism cases
By Revin Mikhael D. Ochave, Reporter THE Philippine Competition Commission (PCC) said it needs to delay rulings on active cases involving the medical services and…
Pace of recovery to hinge on consumer mobility in fourth quarter
PHILSTAR A PRESIDENTIAL adviser said the economic recovery will depend largely on whether consumers enjoy a degree of mobility in the fourth quarter, the time…
NGCP transmission rate reset process starts
BW FILE PHOTO THE Energy Regulatory Commission (ERC) said on Sunday that it has initiated the process of resetting the transmission system rate for the…
PHL grid lags ASEAN in accommodating variable RE power sources
THE Philippine grid is not as able as its counterparts among the major economies of the Association of Southeast Asian Nations (ASEAN) to accommodate a…
Births, deaths decline in first half
PHILSTAR THE NUMBER of registered births and deaths declined in the first six months of 2022 by 26.8% and 32.1%, respectively, the Philippine Statistics Authority (PSA) reported. Citing preliminary…
What to expect when BIR tax audits resume
At the start of the third quarter, the Bureau of Internal Revenue (BIR) declared a moratorium on the conduct of BIR audits via Revenue Memorandum…
Philippines eyeing ‘green investments’ despite tight fiscal space, Diokno says
PHILIPPINE STAR/ KRIZ JOHN ROSALES THE government can pursue green investments despite the limited fiscal space, Finance Secretary Benjamin E. Diokno told an Asian Development…