Economy

THE Export Development Council (EDC) said it is hoping to release downgraded targets for the Philippine Export Development Plan (PEDP) next month. “We convened the EDC executive committee weeks ago,…

CJH DEVELOPMENT Corp. (CJHDevCo) urged the Bases Conversion and Development Authority (BCDA) to respect the rights of condominium unit owners and golf shareholders. “There are about 400 (condo owners), and…

FINANCE Secretary Ralph G. Recto said the law offering value-added tax (VAT) refunds for tourists will have a multiplier effect on the economy equivalent to nearly double actual visitor spending.…

THE Philippine Economic Zone Authority (PEZA) said is refocusing its efforts on attracting Chinese investment, betting that some companies there will try to ​sidestep US tariffs. “PEZA counts Chinese investors,…

A BILL that seeks to set up a special economic zone (ecozone)  in Marikina City has been filed at the House of Representatives. Filed on Feb. 20, House Bill (HB)…

THE Department of Science and Technology (DoST) said fungal and worm diseases were largely behind losses in the onion crop of Nueva Ecija and other growing areas. The DoST said…

THE Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) said the swift signing of the implementing rules and regulations (IRR) of the value-added tax…

TWELVE BRITISH companies have visited the Philippines to explore collaborations in data analytics, the internet of things (IoT), cybersecurity, and artificial intelligence (AI), a British official said. “The Philippines is…

When we hear the term “profit shifting,” we often associate it with cross-border transactions between and among members of multinational companies (MNCs) aimed at reallocating profits across different countries or…

THE PHILIPPINES, a domestic demand-driven economy, has the potential to avoid the worst of the new US tariff regime relative to its neighbors, Moody’s Ratings said. “No economy in Asia…