Economy

By Adrian H. Halili, Reporter THE Department of Agriculture (DA) said it has initiated the process of drafting legislation proposing to restore the National Food Authority’s (NFA) power to intervene…

By Kenneth Christiane L. Basilio, Reporter THE House of Representatives on Tuesday approved on third and final reading its version of a measure setting the maximum length of land leases…

THE Bureau of Internal Revenue (BIR) said it is on track to meet its downgraded P2.85 trillion collection target this year. “As of November, the BIR is on track to…

INTERNATIONAL visitors to the Philippines totaled 5.65 million as of Dec. 15, according to the Department of Tourism (DoT), well behind the pace needed to achieve the 7.7 million target…

THE Philippine Economic Zone Authority (PEZA) said 27 economic zones (ecozones) have been proclaimed during the Marcos administration. “11 ecozones were proclaimed in 2023 (involving investment of) P3.538 billion. In…

RED AND YELLOW alerts will be less likely next year during the dry season, according to the Independent Electricity Market Operator of the Philippines (IEMOP). “If you look at the…

THE PHILIPPINES obtained about P1.6 billion worth of food sales and firm purchase agreements during the China International Import Expo (CIIE) in Shanghai, the Center for International Trade Expositions and…

THE GROWTH of digital marketplaces is posing challenges for the Bureau of Internal Revenue (BIR) in collecting taxes, a legislator said on Tuesday. The Philippine digital economy was estimated at…

THE Department of Trade and Industry (DTI) said it established the National Halal Industry and Development Office (NHIDO) to oversee the industry’s development. “The NHIDO will act as the central…

THE PHILIPPINES is “relatively immune” to the impact of a potential slowdown in China due to a trade war with the United States, the central bank said. However, it may…