Economy

By Adrian H. Halili, Reporter THE SALE of rice reserves to local government units (LGUs) during the food security emergency could generate losses of P2.25 billion for the government, the…

THE Department of Agriculture (DA) said on Tuesday that the maximum suggested retail price (MSRP) scheme on imported rice will take effect nationwide starting Feb. 15. Assistant Secretary and Spokesperson…

A LOCAL-CONTENT requirement of 30% for vehicles assembled in the Philippines and tax incentives will potentially attract $500 million in investments in the auto industry, the Philippine Parts Maker Association…

THE PHILIPPINES and Chile are expected to start the first round of negotiations for a bilateral free trade agreement (FTA) in April, the Department of Trade and Industry (DTI) said.…

A JAPANESE travel reservation application and a travel company named Cebu as among the top international destinations for the Japanese market, the Department of Tourism (DoT) said. Cebu ranked third…

THE PHILIPPINE Chamber of Commerce and Industry (PCCI) said it supports delaying the Sugar Regulatory Administration’s (SRA) new import clearance fees for some non-sugar sweeteners. “We are glad that the…

THE PHILIPPINES is seeking a four-month extension for the $4-million project loan from the World Bank to transform former separatist guerilla bases into economic engines for the Bangsamoro Autonomous Region…

THE Bureau of Internal Revenue (BIR) said on Tuesday that it collected P2.06 trillion via e-payments in the 10 months to October. The BIR said e-payments accounted for 85% of…

LAGUNA became the first province to exceed the P1-trillion mark in terms of economic value contributed to the economy in 2023, the Philippine Statistics Authority (PSA) reported on Tuesday. The…

THE SENATE approved on third and final reading on Monday a bill setting up a five-tier margin-based royalty and windfall profit system for the mining industry, which is expected to…