Category: Economic Indicators
Farmers seek relief as palay prices drop below cost of production
RICE FARMERS said the government needs to provide assistance due to the farmgate price of palay, or unmilled rice, which has fallen below production costs….
PHL evaluating impact of Evergrande crisis on Chinese contractors
REUTERS THE GOVERNMENT will evaluate the health of Chinese contractors participating in the infrastructure program in the wake of the debt crisis engulfing property developer…
SMC engages urban planner Palafox to make Pasig River Expressway ‘green’
PHILSTAR SAN MIGUEL CORP. (SMC) said Tuesday that it hired the firm of Felino A. Palafox, Jr., an architect, environment planner, and green urbanism advocate,…
DICT asks Congress to help resolve digitization ‘turf wars’
PHILSTAR THE DEPARTMENT of Information and Communications Technology (DICT) has asked Congress to clarify through the agency budgets which organization is ultimately responsible for directing…
House approves creatives industry development bill on third reading
ZIGZAG STUDIOS FB PAGE LEGISLATORS unanimously approved on Monday a House bill on third reading which seeks to make the creative industry more competitive in…
House bill seeks to impose wealth tax of between 1 and 3%
PHILSTAR LEGISLATORS from the minority Makabayan bloc filed a wealth tax bill in the House Monday for individuals with taxable assets of over P1 billion….
Auto insurers ordered to align coverage with registration date
THE INSURANCE Commission has ordered car insurers to sell coverage that aligns with the automobile’s registration date, in order to make registration transactions more streamlined….
Toll road agreement for Pasig River Expressway due for signing
PHILSTAR SAN MIGUEL Holdings Corp. and its partner Philippine National Construction Corp. are set to sign a supplemental toll operations agreement with the Toll Regulatory…
Livestock impact on greenhouse gases up for review
THE DEPARTMENT of Agriculture (DA) said it created a greenhouse gas team to review the greenhouse gas emissions of the livestock sector. DA Special Order…
Dealing with non-resident foreign corporations taxwise
Having connections with a wide array of business partners can go a long way to help your business survive, expand, or even thrive. With work-from-home…
Foreign debt hits highest level in nearly 10 years
BW FILE PHOTO OUTSTANDING external debt at the end of June was at its highest level since at least 2011, according to the Bangko Sentral…
Transport workers say relief needed to make up for caps on vehicle occupancy
By Russell Louis C. Ku TRANSPORTATION BUDGETS need to provide for service contracting in order to offer relief for public utility vehicle (PUV) drivers, a…
Exporters advised to expect new post-Brexit UK tariffs
EXPORTERS have been advised to expect new UK tariffs with the launch of a separate British preferential trade access scheme after it exited the European…
DoLE pressing to amend ILO seafarer protection rules
PHILSTAR LABOR Secretary Silvestre H. Bello III said seafarers need to be better protected and proposed amendments to the 15-year-old maritime convention of the International…
How will the auditing profession look in the future?
The pandemic has accelerated new ways of working across various industries, including the auditing profession. However, new ways of operating for audit firms and the…
Pandemic disrupts PHL’s sustainable development gains: Chua
THE COUNTRY’S progress towards achieving the sustainable development goals (SDGs) laid out by the United Nations has been affected by the pandemic, Socioeconomic Planning Secretary…
Price growth of building materials in NCR picks up in July
THE WHOLESALE and retail price growth of construction materials in Metro Manila picked up in July as lockdowns eased, data released by the Philippine Statistics…
Average retail prices for rice go down
PHILSTAR THE AVERAGE retail price of regular-milled rice fell in six regional trading centers at around mid-August, according to the Philippine Statistics Authority (PSA). In…
DA announces temporary ban on cattle meat from Brazil
THE Department of Agriculture (DA) has announced a temporary halt on the issuance of permits for the importation of live cattle and its meat products…
DTI flags digital gap among businesses
A TRADE department official has flagged a potentially worsening digital gap among enterprises in the Philippines, pointing to the need for policies that address the…