Category: Economic Indicators
DTI presses Senate to approve RCEP trade deal within quarter
REUTERS THE Department of Trade and Industry (DTI) asked the Senate to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement before the end of…
Marcos tells advisors he will certify E-Governance bill as urgent, backs RCEP
PHILIPPINE STAR/ MICHAEL VARCAS PRESIDENT Ferdinand R. Marcos, Jr. signaled his intent to certify as urgent a measure that will digitalize the bureaucracy to his…
Cash transfer programs deemed effective in protecting calamity-hit households
HOMES built with light materials at a coastal community in Catanduanes were destroyed during Typhoon Goni, known locally as super typhoon Rolly, which made its…
PHL urged to upgrade cybersecurity infrastructure, policies
REUTERS A SOUTH KOREA cybersecurity solutions company said the Philippines urgently needs to fast-track upgrades to its cybersecurity infrastructure and policies as it emerges from…
PEZA announces push for locators serving domestic market
POLLOC FREEPORT AND ECOZONE — BARMM FACEBOOK PAGE THE Philippine Economic Zone Authority (PEZA) said it is targeting locators hoping to sell to the domestic…
Meat tariff hearing highlights diverging agri, meat industry interests
THE agriculture and meat industries set forth their arguments on tariffs for imported meat and edible offal, ending up in opposing camps on the level…
Swiss roadshow generates $24.7M in investment commitments
NATURLOOP.COM THE Philippines obtained an initial $24.7 million in investment commitments during a recent Swiss roadshow, the Board of Investments (BoI) said. In a statement…
Think tank urges more focus on domestic industry, agri; skeptical about FDI impact
DEPARTMENT OF AGRICULTURE HANDOUT THE PHILIPPINES must focus on developing its own agriculture and industry and de-emphasize the pursuit of foreign direct investment (FDI), a…
Taxing a sovereign wealth fund
In December, the House of Representatives passed on third and final reading House Bill No. 6608, or the proposed Maharlika Investment Fund Act. If signed…
Marcos says red tape tops foreign investor concerns
PRESIDENT FERDINAND R. MARCOS, JR. — PHILIPPINE STAR/ KRIZ JOHN ROSALES PRESIDENT Ferdinand R. Marcos, Jr. cited red tape and power costs as the top…
Visitor arrivals expected to approach pre-pandemic levels in 2023
REUTERS/TOBY MELVILLE THE Philippine Travel Agencies Association (PTAA) is expecting international visitor arrivals in 2023 to approach pre-pandemic levels if no further global disruptions materialize….
US touts possible role in PHL nuclear transition
TENNESSEE VALLEY AUTHORITY-ENERGY.GOV US AMBASSADOR Mary Kay L. Carlson said Washington is moving forward with talks that would unlock US assistance for the Philippines’ transition…
Net metering proposed to address rising power prices
Tiarra Townhouse Units installed with Solar Net-Metering THE Energy Regulatory Commission (ERC) said on Tuesday that the aggressive implementation of a net metering program will…
Feed millers bat for corn industry modernization
REUTERS THE Philippine Association of Feed Millers, Inc. (PAFMI) said the government needs to modernize the corn industry in light of increasing demand for animal…
Agencies’ budget utilization rate rises to 98% in 2022
THE cash utilization rate posted by government agencies hit 98% at the end of December, the Department of Budget and Management (DBM) said. In a…
Births, deaths decline in nine months to September
PHILSTAR REGISTERED births and deaths declined 20.6% and 38.6% year on year respectively in the nine months to September, the Philippine Statistics Authority (PSA) said…
FPI says gov’t agrees to investigate claims palm olein being used in fuel blend
REUTERS THE Federation of Philippine Industries (FPI) said the government has agreed to a request by the federation to look into allegations that imported palm…
Senate minority says Maharlika must benefit public, not investors
SENATE PRIB SENATE Minority Leader Aquilino Martin D. Pimentel III expressed doubts on Monday about private investment in the proposed sovereign wealth fund, saying that…
Cold storage industry warns capacity inadequate for mitigating onion crisis
PHILSTAR FILE PHOTO THE cold storage industry said its capacity is inadequate if the government intends to counter the onion shortage by building up inventories….
PPA warns dev’t mission to suffer if commercial function prioritized
COURTESY OF ICTSI THE Philippine Ports Authority (PPA) said it hopes legislators will consider the developmental role played by the agency under its current setup…