Economy

E-COMMERCE platform Lazada Philippines said it is expecting to sustain double-digit sales growth this year as it pursues a strategy of tailored deals for a growing customer base. “We continue…

THE Philippine Ports Authority (PPA) will recommend the cancellation of the Jose Panganiban, Camarines Norte port improvement project auction, citing a possible change of location and project design. In a…

First of two parts IN BRIEF: • Technology dependence in the financial sector is increasing the number of potential failure points due to connections with unregulated third parties. • Financial…

APPROVED building permits continued to decline by record double digits in January, the Philippine Statistics Authority (PSA) reported. The PSA, citing preliminary data, said building projects covered by the permits…

FINANCE Secretary Ralph G. Recto said the budget surplus recorded in January is unlikely to continue in the following months. Asked if the surplus will be sustained in the runup…

THE Board of Investments (BoI) said the green lane-certified P7.5-billion Daanbantayan Solar Power Plant in northern Cebu has commenced with construction. With its 150-megawatt capacity that is expected to supply…

THE Department of Agriculture (DA) said its Cagayan Valley office has developed a zero-energy cooling chamber designed to extend the shelf life of freshly harvested vegetables like tomatoes and eggplant.…

THE Department of Energy (DoE) encouraged the public to participate in the annual observance of Earth Hour and adopt responsible energy and water conservation practices. In a statement on Thursday,…

THE Philippine Health Insurance Corp. (PhilHealth) said it will seek a higher budget allocation next year to help fund a 30% across-the-board increase in benefit packages. “Yes, I think so,”…

PINEAPPLE OUTPUT is expected to grow this year, according to the Department of Agriculture (DA), in response to increasing demand from China and Europe. The Philippines is expected to produce…