Economy

THE Department of Trade and Industry  said it hopes to increase funding allocated to develop the film industry next year. “We are still reviewing. The budget (season) is approaching,” Trade…

THE Tariff Commission said it hopes to complete the safeguard duty investigation into cement imports by June. At a preliminary conference on Thursday, the commission said it hopes to submit…

THE PHILIPPINES is headed in the right direction in terms of becoming a more conducive business environment, the Chandler Institute of Governance (CIG) said. “The attractive marketplace (pillar) is about…

THE National Dairy Administration (NDA) said it plans to open five stock farms by April to help expand the dairy cattle herd. Each of the stock farms will initially hold…

THE farmgate price of palay (unmilled rice) fell 18.9% year on year in February to an average of P20.29 per kilogram, after rice imports hit record levels last year. The…

THE United Nations Development Programme (UNDP) said P100 million each was granted to 23 community-based organizations in the 7th Operational Phase of the Global Environment Facility Small Grants Programme in the…

THE National Grid Corp. of the Philippines (NGCP) said it met with the Department of Energy (DoE) to adjust the power outlook following the declaration of a yellow alert last…

DUAL CITIZENS will be allowed to avail of the value-added tax (VAT) refund for tourists if they enter the country using their foreign passport, according to draft implementing rules and…

THE sugar regulator issued an order calling for voluntary exports of 66,000 metric tons (MT) of raw sugar to the United States. Sugar Order No. 5, issued on Wednesday, allows…

THE PHILIPPINES is exploring possible collaboration in satellites and agricultural technology with Slovenia, the Department of Trade and Industry (DTI) said. Speaking on the sidelines of a forum organized for…