Category: Economic Indicators
DoE backs power industry system audit after typhoon damage
PHILSTAR THE Department of Energy (DoE) said on Monday that it is seeking a system audit of the power sector after Typhoon Odette (international name:…
2022 Tax Trends and Ends
The new year has officially started, and it would be prudent to start the year right by getting to know the trends that taxpayers may…
Miners see no clarity on industry policy from 2022 candidates
REUTERS By Luisa Maria Jacinta C. Jocson THE CHAMBER of Mines of the Philippines (CoMP) said it is not clear on whether mining policy implemented…
Dominguez proposes shorter school holidays
PHILIPPINE STAR/ MICHAEL VARCAS FINANCE Secretary Carlos G. Dominguez III said reduced school holidays could help students make up for the shortcomings of pandemic-era schooling,…
RCEP delay risks PHL exclusion from markets, exporters say
REUTERS THE DELAY in ratifying the Regional Comprehensive Economic Partnership (RCEP) treaty risks freezing the Philippines out of a massive market, exporters warned. RCEP, which…
DTI reports 69 violations of price freeze orders in typhoon zone
LENI GERONA ROBREDO ON FACEBOOK THE Department of Trade and Industry (DTI) said it issued 69 show-cause orders to sellers of construction materials who violated…
Transformative Leadership in the year of recovery
For many business leaders, the beginning of this new year will be a time to reflect on the lessons of the past two years and…
DPWH to bid out 3 Marikina River bridges in first half of 2022
PHILSTAR THE Department of Public Works and Highways (DPWH) plans to conduct auctions for the contract to build three Marikina River bridges with a combined…
Romulo-Puyat warns of tourism job losses if hotels flout quarantine rules
Philstar THE Department of Tourism (DoT) said tourism jobs are placed at risk when travelers and hotels disregard quarantine regulations. Tourism Secretary Bernadette Romulo-Puyat said…
Manila Mayor says hotels that violate quarantine rules face closure
Berjaya Hotel Hotels in the city of Manila will be forced to shut down if they do not comply with quarantine rules, Manila Mayor Francisco…
Typhoon Odette cost to agriculture estimated at P8.4 billion
THE ESTIMATE of damage to agriculture done by Typhoon Odette (international name: Rai) has risen to P8.4 billion, the Department of Agriculture (DA) said. The…
DPWH reckons damage to public infra at P1.2B
PHILIPPINE COAST GUARD FACEBOOK PAGE THE Department of Public Works and Highways (DPWH) said damage caused by Typhoon Odette (international name: Rai) to public infrastructure…
DENR urged to rethink ban on coastal settlement
PHILSTAR THE Environment department’s plan to prevent residents from resettling along the coast in Siargao threatens to deprive thousands of their livelihood, nongovernment organizations said….
DENR sees lifting of open-pit ban not hindering measures to deter illegal mining
THE Department of Environment and Natural Resources (DENR) said the recent lifting of a ban on open-pit mining is not expected to hinder the department’s…
ADB report notes ‘uncontrolled’ growth at tourist destinations
PHILSTAR MUNICIPALITIES in the Philippines are developing tourism destinations without proper infrastructure planning, contributing to the country’s poor tourism management, the Strategia Development Research Institute, Inc. said….
Power restoration proceeding slowly in Central Visayas — DoE
THE Department of Energy (DoE) said power restoration is making progress in many areas hit by Typhoon Odette (international name: Rai), with rehabilitation work in…
DBM releases P7.68 billion for typhoon rehabilitation
THE Budget department on Wednesday said it has released P7.68 billion to local governments and national agencies for their Typhoon Odette response and recovery efforts….
BoC collections from pork imports P3.3B under lowered tariffs
THE Bureau of Customs (BoC) said it has collected P3.3 billion in revenue from pork imports after the government cut tariffs on the commodity to…
Energy dep’t to lay down rules for conservation program
THE Department of Energy (DoE) is planning to issue six circulars to lay down the rules for, among others, vehicle testing laboratories and the certification…
BIR, PSALM settle tax disputes with P517.71-million payment
THE Power Sector Assets and Liabilities Management Corp. (PSALM) and the Bureau of Internal Revenue (BIR) agreed to settle all their outstanding tax disputes, PSALM…