Category: Economic Indicators
Sole bidder for Southern Leyte port upgrade project disqualified
BFAR THE Philippine Ports Authority (PPA) has declared a bid failure for the upgrade works at the Port of San Juan in Southern Leyte after…
ADB warns of risks as cross-border banking takes hold in region
BW FILE PHOTO CENTRAL BANKS in Southeast Asia need to prepare liquidity support and safety nets to mitigate any risks stemming from financial digitalization and…
Well-milled rice prices rise in mid-December
PHILIPPINE STAR/ MICHAEL VARCAS THE average retail price of well-milled rice rose in mid-December at four major trading centers tracked by the Philippine Statistics Authority…
Chinese construction firm proposes 270-km highway linking Laoag to La Union
LAOAGCITY.GOV.PH A CHINESE state-run construction company has proposed to build a 270-kilometer (km) highway from Laoag City to Rosario, La Union, the Palace said in…
Refresher on minimum Philippine TP requirements
After all the merriment and celebrations from Christmas and early-year holidays such as the feast of the Black Nazarene, the Sinulog Festival, and Chinese New…
Agriculture lobby expects limited downside to RCEP signing delay
BW FILE PHOTO By Alyssa Nicole O. Tan, Reporter FURTHER DELAY in joining the Regional Comprehensive Economic Partnership (RCEP) trade deal would be “prudent” in…
Farm modernization, more industry, services trade seen key to addressing inflation
A supermarket is seen in Quezon City, March 4 2022. — PHILIPPINE STAR/ MICHAEL VARCAS By Keisha B. Ta-asan, Reporter THE GOVERNMENT needs to modernize…
DTI bats for free trade deals with UAE, India
REUTERS THE Department of Trade and Industry (DTI) said the Philippines need to expand its free trade agreement (FTA) network, identifying the United Arab Emirates…
OECD urges more green investment in Southeast Asia
SOUTHEAST ASIA needs to undertake more green investment to minimize environmental footprints and promote sustainable development, the Organisation for Economic Co-operation and Development (OECD) said…
Digital government: Creating real connections
(Second of two parts) To better understand how lives are changing in the connected world, EY launched a new research study with over 12,000 respondents…
Philippines to offer VAT refund to foreign tourists by 2024
MANILA — Philippines President Ferdinand Marcos has approved a value-added tax refund programme for foreign tourists by 2024 to attract more visitors, the Presidential Communications…
Smartphone most used communications device among women in 2022 — survey
REUTERS Smartphones were the most used devices among women last year based on a new survey by the Philippine Statistics Authority (PSA) and the Department…
ECCP: PHL to attract ‘billions’ after easing investment caps
ACENERGY.COM.PH THE European Chamber of Commerce of the Philippines (ECCP) is expecting the Philippines to attract “billions” worth of investments after various industries were cleared to…
‘Hot money’ flows turn net positive in 2022
BW FILE PHOTO FOREIGN portolio investment funds entering the Philippines outweighed those exiting in 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, representing…
Galunggong imports below quota as end of closed season nears
BFAR.DA.GOV.PH IMPORTS of round scad, known as galunggong, topped 25,000 metric tons (MT) as the closed fishing season neared its end in northern Palawan, the…
Meat processors confer with DA to review border inspection rules
PHILIPPINE STAR/MIGUEL DE GUZMAN MEAT processing companies said they met with the Department of Agriculture (DA) to review the import inspection process and whether to…
ADB approves PHL loan worth $500M to spur job recovery
THE Asian Development Bank (ADB) has approved a $500 million for the Philippines to aid in the government’s efforts to effect a recovery in employment….
Davao ICT industry targets doubling of BPM workforce
BW FILE PHOTO DAVAO’s information and communications technology (ICT) industry is planning to double the current business process management (BPM) workforce in the region to…
Marcos backing for RCEP premature, think tank says
PRESIDENT Ferdinand R. Marcos, Jr.’s declaration of support for the Regional Comprehensive Economic Partnership (RCEP) is premature pending the resolution of the agriculture industry remaining…
Organics industry touts waste reduction approaches to mitigating climate change
THE organics industry said it advocates minimizing waste as a response to climate change, an approach that requires food waste to be minimized and plant-based…