Category: Economic Indicators
Quarantine no longer required for returning flight crew members
THE Civil Aviation Authority of the Philippines (CAAP) said flight and cabin crew members returning to the Philippines are no longer required to undergo mandatory…
PEZA-registered locators’ exports up 14% in 2021
THE Philippine Economic Zone Authority (PEZA) said its locators posted growth of 14% to $63.061 billion on their exports in 2021. PEZA Director-General Charito B….
Typhoon damage to fisheries P3 billion, tops in agri industry
PHILSTAR FISHERIES remained the most affected sector of agriculture, sustaining P3 billion worth of damage due to Typhoon Odette (international name: Rai), the Department of…
Fisherfolk call for suspension of closed fishing season policy in typhoon-affected provinces
PHILIPPINE COAST GUARD FACEBOOK PAGE AN ORGANIZATION of small fishermen has expressed its opposition to importing fish for typhoon-hit areas, calling instead for aid to…
Roxas Boulevard repairs targeted to begin mid-Jan.
PHILSTAR THE planned closure of a portion of Roxas Boulevard is targeted for the middle of this month to allow for the repair of a…
Coal supply instability seen adding to urgency of energy transition
PEXELS-PIXABAY A CONSUMER rights and energy advocacy group on Wednesday said the Department of Energy (DoE) must press ahead with the renewable energy transition, citing…
DoE considering intermediate upgrade of biodiesel mix to 3%
REUTERS THE Department of Energy (DoE) said on Wednesday that Typhoon Odette (international name: Rai) will not delay plans to increase biodiesel blend to 5%…
Power suppliers to Bohol capital drawing sufficient energy from grid — NGCP
PHILSTAR THE National Grid Corp. of the Philippines (NGCP) said on Wednesday that distribution utilities in Bohol are now drawing power sufficient to sustain stable…
Artificial Intelligence: FinTech’s innovation driver
FinTech refers to any idea or innovation that improves or optimizes the way individuals or companies conduct financial activities. Early FinTech concentrated on developing add-on…
Foreign chambers OK open-pit ban end
By Luisa Maria Jacinta C. Jocson THE Joint Foreign Chambers (JFC) of the Philippines said the government’s decision to rescind the ban on open-pit mining…
Water conservation advisory issued after unusually low Angat levels
PHILSTAR THE National Water Resources Board (NWRB) issued an advisory to “conserve water whenever” after lower-than-usual levels at Angat Dam in Bulacan, the main source…
Typhoon inflicts damage on 181 water districts
THE Local Water Utilities Administration (LWUA) said 181 water districts in the Visayas and Mindanao reported serious damage to their facilities as a result of…
Meralco sees Luzon peak power demand at 12,387 MW in May
THE Manila Electric Co. (Meralco) said its forecast for peak power demand on the Luzon grid this year is 12,387 megawatts (MW), and invited power…
Farm group estimates volume of smuggled rice at 300M kg in 2020
THE Samahang Industriya ng Agrikultura (SINAG) estimated the volume of smuggled rice in 2020 at 300 million kilograms (kg), making it by far the most…
DTI says ‘some’ paracetamol brands may be in short supply; ample stocks from other makers
FREEPIK THE Department of Trade and Industry (DTI) said some brands of paracetamol may be experiencing shortages, but added the overall supply is adequate. “Tight…
Presidential adviser ‘extremely bullish’ on 2022 economic performance
PHILSTAR A PRESIDENTIAL adviser said he is “extremely bullish” on the performance of the economy in 2022 as vaccination against coronavirus disease 2019 (COVID-19) gains…
Customs 2021 collections exceed pre-pandemic levels
PHILSTAR THE Bureau of Customs (BoC) collected P645.77 billion in 2021, exceeding the P630.31 billion generated in 2019, the last year before the pandemic, as…
Lost manufacturing, construction jobs seen dampening Q4 growth
REUTERS JOBS shed by the manufacturing and construction industries will likely temper fourth quarter economic activity, to bring the full-year growth estimate to 5-6%, offsetting…
Fish imports approved to fill supply gap in typhoon zone
THE Department of Agriculture (DA) said it approved a plan to import 11,015 metric tons (MT) of frozen fish for wet markets in typhoon-hit areas…
Davao quarry raid results in arrests, equipment seizures
PHILSTAR THE Department of Environment and Natural Resources (DENR) said it apprehended 14 illegal miners in Barangay Waan, Davao City on Dec. 11. In a…