Economy

THE Trade department’s micro, small and medium enterprise development financing arm, Small Business Corp. (SB Corp.), has set a target of P460 million in net operating income this year after…

REDUCING the most favored nation (MFN) tariff rate on tin-mill black plates (TMBPs) is expected to boost domestic production of tin plate and tin-free steel, possibly leading to reduced canned…

THE Department of Energy (DoE) said it is projecting more than 16 gigawatts (GW) of new capacity from offshore wind power projects. The DoE said it is currently assisting 16…

OCEANA Philippines warned of the potential depletion of fish stocks after a Supreme Court (SC) resolution allowing commercial fishing operations in municipal waters. “We are worried that this court decision…

By Beatriz Marie D. Cruz, Reporter THE Philippines’ adoption of artificial intelligence (AI) this year are expected to be hampered by supply chain vulnerabilities and the digital skills gap, according…

THE Department of Budget and Management (DBM) said it will convene with government representatives and state-run firms in a series of budget forums later this month in preparation for drafting…

IN BRIEF: • The BIR’s Digitalization Program aims to modernize and enhance the efficiency, transparency, and effectiveness of tax administration and revenue collection processes. • The BIR envisions taxpayers as…

THE Philippine Economic Zone Authority (PEZA) said that it is hoping to increase electronics manufacturing services and semiconductor manufacturing services (EMS-SMS) investments in economic zones (ecozones). In a statement on…

THE Department of Transportation (DoTr) is hoping to award the remaining contract packages of the Metro Manila Subway Station project by the middle of this year. “For the remaining contract…

THE Department of Trade and Industry said it has approved price increase for 63 commodities, equivalent to 28% of the commodities covered by the suggested retail price bulletin. Trade Secretary…