Economy

THE DEPARTMENT of Budget and Management (DBM) said 64.9% of the 2025 national budget had been released by the end of January. According to the Status of Allotment Releases report,…

THE third green energy auction (GEA-3) attracted 7,500 megawatts (MW) worth of bids to construct renewable energy (RE) plants, exceeding the auction goal of 4,650 MW, the Department of Energy…

THE Department of Budget and Management (DBM) and the Securities and Exchange Commission (SEC) are expected to sign an agreement to share data on companies that participate in government procurement. Budget Undersecretary…

THE Management Association of the Philippines (MAP) urged Congress and President Ferdinand R. Marcos, Jr. to halt tax increases meant to sustaining government expenditure, citing the need to fix what…

THE Department of Trade and Industry (DTI) said that up to P800 million has been budgeted for shared service facilities (SSF) projects this year. Trade Secretary Ma. Cristina A. Roque…

THE PHILIPPINES had some of the most restrictive regulations for trade in services in 2024, particularly in terms of barriers to foreign investment, the Organisation for Economic Cooperation and Development…

THE Department of Agriculture (DA) said on Wednesday that it may set a maximum suggested retail price (MSRP) for pork in March, pending results of a market study. Secretary Francisco…

A MANDAUE CITY construction company won the P632.29-million contract to expand the Port of Tagbilaran in Bohol, the Philippine Ports Authority (PPA) said. In a notice of award dated Feb.…

THE Bases Conversion and Development Authority (BCDA) said it hopes to put up for auction this year the operations and maintenance (O&M) contract for the Camp John Hay golf course,…

In November, Republic Act 12066 (otherwise known as CREATE MORE), which amended CREATE, was finally signed into law. The new law seeks to enhance the competitiveness of the Philippines’ incentive…