Economy

THE National Electrification Administration (NEA) and the Department of Public Works and Highways (DPWH) will establish a procedure for the removal and relocation of power distribution facilities to be affected…

MAKILALA MINING Co., Inc., a subsidiary of Australia-based Celsius Resources Ltd., said it obtained a $76.4-million loan from the Philippine sovereign wealth fund to support preliminary work on its copper-gold…

THE Department of Agriculture (DA) said on Monday that it ordered the Bureau of Plant Industry (BPI) to inspect onion warehouses to determine whether the harvest is being withheld from…

THE Automotive Body Manufacturers Association of the Philippines (ABMAP) said it supports the Department of Transportation’s (DoTr) decision to go forward with modernizing the jeepney fleet, citing the need to…

THE Asian Development Bank (ADB) said its new president, Masato Kanda, assumed office on Monday. In a statement, the bank said Mr. Kanda, former special advisor to Japan Prime Minister Shigeru…

THE Bangko Sentral ng Pilipinas (BSP) said it uses gold sales to manage foreign exchange reserves, after the Palace rejected allegations from former President Rodrigo R. Duterte that the gold…

THE PHILIPPINES will export 66,000 metric tons (MT) of raw sugar to the US next month, the industry’s regulator said. The Sugar Regulatory Administration (SRA) agreed to deliver two boatloads…

THE Bureau of Internal Revenue (BIR) started destroying seized cigarettes representing P6.4 billion in unpaid taxes this week in Pampanga. In a statement on Monday, the BIR said it will…

When companies work together, each party contributes its unique strengths and skills to achieve common goals. These collaborations, whether they involve sharing resources, providing financial assistance, or leveraging each other’s…

THE Board of Investments (BoI) said it has endorsed 167 projects valued at P4.614 trillion to the One-Stop Action Center for Strategic Investments for green-lane treatment as of Feb. 18.…