Economy

EXPORTS of unmanufactured tobacco declined 14.2% to 17.8 million kilograms in 2024, the National Tobacco Administration (NTA) said. By value, exports fell 6.5% in 2024 to $94.59 million. According to…

THE Department of Agriculture (DA) said a vaccine for Avian Influenza (AI), or bird flu, could be approved by the Food and Drug Administration (FDA) by the second quarter, following…

A PHILIPPINE delegation pitched Dutch businesses on potential investments, the Department of Finance (DoF) said. In a statement on Wednesday, the DoF said the meeting was attended by more than…

THE Department of Energy (DoE) said it estimated the number of remote areas ripe for microgrid investments at over 200 underserved and unserved locations. “The are over 200 areas that…

PRICE GROWTH of wholesale goods slowed further to a five-year low of 2.5% in 2024 due to a slowdown in food price growth, the Philippines Statistics Authority (PSA) reported on…

Imagine a world where the rules of the game are crystal clear. In December, the Bureau of Internal Revenue (BIR) took a huge step to clarify the tax treatment of…

By Beatriz Marie D. Cruz, Reporter SOME public works projects are expected to experience minor delays due to the spending ban leading up to the midterm elections in May, government…

A COURT challenge to the 2025 budget has been filed, with the Supreme Court (SC) asked to rule on the spending plan’s legality by the Marcos administration’s first Executive Secretary.…

By Justine Irish D. Tabile, Reporter NESTLÉ Philippines, Inc. said it set aside P6 billion to expand factory capacity and improve their efficiency. At a media event on Tuesday, Nestlé…

BUREAU of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. on Tuesday gave a preliminary estimate for Philippine tobacco revenue at $7.3 billion in 2024. “The Philippines, as one of…