Economy

A DECISION by the Development Bank of the Philippines (DBP) to suspend lending to some public utility vehicle (PUV) cooperatives is not expected to substantially affect loan growth this year,…

IN BRIEF: • As more countries legislate on the imposition of consumption tax on digital services, the Philippines joins the list with the recent signing of Republic Act No. 12023,…

SENATE President Francis G. Escudero said President Ferdinand R. Marcos, Jr. is due to sign the bill that will amend the Corporate Recovery and Tax Incentives for Enterprises (CREATE) in…

THE Department of Trade and Industry (DTI) said it hopes to release the incentive scheme for the electric vehicle (EV) industry by year’s end. “We aim to have the EVIS…

INCENTIVES for electric vehicle (EV) manufacturers could also include tax breaks on parts imports to boost domestic production and consumer adoption, the Department of Transportation said on Thursday. Transportation Secretary…

THE Department of Transportation (DoTr) said on Wednesday that the Manila International Airport Authority (MIAA) is still studying the terms of its land purchase deal with the Bases Conversion and…

ARTIFICIAL INTELLIGENCE (AI) is helping improve the development of vaccines for livestock diseases like the African Swine Fever (ASF), a professor from the University of the Philippines Los Baños (UPLB)…

THE PHILIPPINES is hoping to conclude negotiations for a free trade agreement (FTA) with the European Union (EU) by 2026, a trade official said. On the sidelines of the 50th…

THE Philippine Coconut Authority (PCA) is exploring the production of sustainable aviation fuel (SAF) using local coconut oil as a key ingredient. In a statement, the PCA announced the signing…

THE Philippine Economic Zone Authority (PEZA) said that it has so far obtained board approval for P123.72 billion worth of investment pledges in the year to date, down 6.1% from…