Category: Economic Indicators
Can ESG data and insights deliver long-term value?
Environmental, social and governance (ESG) driven approaches are rapidly becoming mainstream in the investor and corporate communities, according to the 2021 EY Global Institutional Investor…
Blame for GSP+ loss squarely on gov’t — NGO
REUTERS THE looming forfeiture of European trade privileges should not be blamed on European Union (EU) “bullying” but rather on the Philippines’ failure to address…
RE companies ask DoE to streamline permit process
RENEWABLE ENERGY (RE) developers asked the Department of Energy on Wednesday to review the project application process to eliminate unnecessary steps that hinder investment. Going…
La Union P4.7-billion bypass 80% complete
DPWH THE Department of Public Works and Highways (DPWH) said on Thursday that a P4.7-billion bypass road project offering an alternate route to the Manila…
100% adoption eyed for high-yield rice seed
NEDA LOCAL GOVERNMENT units (LGUs) are being counted on to ensure 100% adoption of high-yield rice seed this year, funded by the Rice Competitiveness Enhancement…
Counterfeit goods seizures in 2021 valued at record P24.9 billion
BOC THE GOVERNMENT seized counterfeit goods valued at P24.9 billion in 2021, according to the Intellectual Property Office of the Philippines (IPOPHL). “Our National Committee…
SEC orders halt to NWorld investment solicitations
THE Securities and Exchange Commission (SEC) has ordered AlphanetWorld Corp. to stop soliciting investments from the public via an entity known as “NWorld.” In a statement on…
Smuggled food seizures since April 2021 valued at P650 million
PHILSTAR SEIZURES of smuggled food since April last year have been valued at P650 million, the Department of Agriculture (DA) said. The seizures cover shipments…
LGU credit rating system seen paving way for green bond issues
PHILSTAR A SYSTEM for rating local governments’ creditworthiness will someday facilitate their issue of bonds, including green bonds, enhancing their financial self-sufficiency, a Department of…
DTI to recommend removal of plastic barriers in places of business
PHILSTAR THE Department of Trade and Industry (DTI) said it will propose the removal of plastic barriers in places of business in response to the…
BFAR medium-term plan targets major output increases for shellfish, crabs
PHILSTAR THE Bureau of Fisheries and Aquatic Resources’ (BFAR) next five-year plan has set aggressive targets for shellfish and crab output, with more modest goals…
BIR shuts down 18 POGO companies in Cagayan
THE Bureau of Internal Revenue (BIR) said it shut down 18 Philippine Offshore Gaming Operation (POGO) licensees and support service providers in Cagayan Province after…
Ukraine crisis could spur renewable investments, DTI says
REUTERS THE Russia-Ukraine crisis could encourage a surge of investment in renewable energy if the standoff causes further disruptions in the fuel market, where prices…
PHL fuel supply buffers seen adequate in event of oil market disruption, official says
THE Philippines’ fuel inventory is deemed adequate in the event of any disruption to the oil market, though energy-efficiency efforts remain necessary as prices continue…
Civil works completed for expanded Baclaran depot of LRT-1 Cavite Extension
THE Transportation department said on Wednesday that the civil works of the expanded Baclaran Depot of the Light Rail Transit Line 1 (LRT-1) Cavite Extension project have been…
House probe sought on sugar import plan
PHILSTAR THE Bayan Muna party-list filed a resolution on Monday seeking a House investigation into the sugar regulator’s plan to import sugar during the milling…
Tax-free exchanges: Post audit and reporting requirements
For various reasons, corporate reorganizations are undertaken to align group structures with new business models, prepare for the entry of investors, or prime for divestitures,…
Senior legislator rules out giving gov’t power to regulate fuel prices
By Marielle C. Lucenio SENATOR Sherwin T. Gatchalian, who chairs his chamber’s energy committee, said on Tuesday that giving the government the power to control…
BIR reminds political candidates to declare unused contributions
PHILSTAR THE Bureau of Internal Revenue (BIR) said political candidates to report their unused contributions as income, to maintain up-to-date tax registrations, and to issue…
DPWH evaluating sites for NCR catch basins to counter floods
THE Department of Public Works and Highways (DPWH) regional office in Metro Manila said it is currently evaluating sites for catch basins to minimize flooding in the…