Category: Economic Indicators
Pandemic shaved off P3.8-T from PHL economy, NEDA says
THE extent of the economy’s losses after nearly two years of the public health crisis was estimated at P3.8 trillion, based on government economic planners’…
Negros Occidental court issues injunction against plan to import 200,000 MT of sugar
PHILSTAR THE Sugar Regulatory Administration (SRA) has been issued a writ of preliminary injunction by a court in Negros Occidental, ordering it to desist from…
Philippine smartphone market shrank in 2021 amid lockdowns, supply pressures
THE Philippine smartphone market contracted 5.6% to 17.8 million units in 2021, with lockdowns dampening buying activity and global supply bottlenecks restricting supply, the International…
BoC February revenue tops P59 billion, beating target
BW FILE PHOTO THE Bureau of Customs (BoC) said its revenue in February exceeded its target by over 17%, due mainly to an improved process…
Agencies granted power to rule on relevance of info requests
GOVERNMENT agencies have been authorized to determine whether requests for the personal information of public officials are a matter of public concern, the National Privacy…
Spot market regulator calls for more RE to minimize power outages
A MORE diverse power mix featuring an increased share of renewable energy (RE) will ensure the stability of the power supply, the governing body of…
Australian gov’t, Macquarie channel investment to female-led Philippine SMEs
THE Australian government and the Macquarie Group Foundation said they helped channel capital to 13 small- and medium-sized enterprises (SMEs) led by women in the…
Spot market prices fall in Feb. as power firms resume operations
THE AVERAGE wholesale electricity spot market rate fell 13% in February following the improvement of supply with several power generators returning from outages, the Independent…
Pandemic-related insurance payouts top P16B
BW FILE PHOTO INSURANCE PAYOUTS associated with the pandemic since the start of the public health crisis amounted to P16.71 billion by the end of…
MWSS to fine Maynilad for service disruptions in southern Metro Manila
THE Metropolitan Waterworks and Sewerage System (MWSS) has ruled that Maynilad Water Services, Inc. failed to meet its service obligations following prolonged water delivery interruptions…
Revenue from marked fuel tops P378B
PHILSTAR TAXES collected from marked fuel products amounted to P378.35 billion as of last week, counting back to 2019 when the program started, the Department…
Crowdfunding licenses issued to SeedIn Technology, Eastern Securities
SEEDIN TECHNOLOGY, Inc. and Eastern Securities Development Corp. have received permanent crowdfunding licenses from the Securities and Exchange Commission (SEC) in lieu of one-year provisional licenses….
Tech companies say SIM registration law to undermine security, privacy
PHILSTAR THE Asia Internet Coalition (AIC) said on Monday that it recently submitted a letter to the government outlining security and privacy concerns arising from…
New year, new corporate income tax rate for ROHQs
It has been almost a year since Republic Act No. 11534, otherwise known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act was…
DTI sees Alert Level 1 impact on jobs at 500,000 positions
PHILIPPINE STAR/ MICHAEL VARCAS THE easing of the quarantine to Alert Level 1 in the National Capital Region (NCR) and other major provinces and cities…
PCCI backs PHL plan to begin trade talks with US
REUTERS THE Philippine Chamber of Commerce and Industry (PCCI) expressed its support for plans to start free trade discussions with the US. “We are all…
PHL new energy capacity estimated at 7,911 MW by 2027
THE Philippine energy system is expected to add capacity of 7,910.96 megawatts (MW) by 2027, with coal-fired plants accounting for 46.68%, natural gas 38.71%, renewable…
World Bank to finance Bangsamoro out-of-school youth relief measures
REUTERS THE World Bank is preparing $2.75 million in financing to help reduce the number of out-of-school youth in the Bangsamoro region. The bank, in…
Blanket ban on US, Canadian poultry seen raising chicken prices
REUTERS THE MEAT industry said a government ban on poultry imports from the US and Canada will cause chicken prices to surge, adding that a…
DoE appoints Germany’s MAN Energy to conduct LNG feasibility study
REUTERS THE Department of Energy (DoE) said it has tapped German’s MAN Energy Solutions SE to conduct a feasibility study on small-to-medium scale liquefied natural…