Economy

RICE IMPORTS fell 46% year on year to 641,000 metric tons (MT) in the year to date ending March 13, which industry representatives attributed to trader reluctance to import in…

THE Bureau of Animal Industry (BAI) said it is working to ensure the commercial release by April of a Vietnamese vaccine against African Swine Fever (ASF). Agriculture Assistant Secretary Arnel…

AJINOMOTO Philippines Corp. said it is currently studying the viability of adding a third factory in the Philippines. “We have two factories here in the Philippines, in Bulacan and Cebu,…

MANILA WATER Co., Inc. said some of its units outside its east zone service area are preparing to enter the contestable market for power, allowing them to select their providers…

By Justine Irish D. Tabile, Reporter BUSINESSES in four major destinations are complaining that unreliable power is costing them up to hundreds of thousands of pesos a day, according to…

THE Civil Aeronautics Board (CAB) said it reduced the airline passenger fuel surcharge in April. In an advisory on Wednesday, the CAB lowered the passenger surcharge to Level 4 from…

THE Department of Energy (DoE) said it is looking to release the next edition of the Philippine Energy Plan (PEP) by next year, with targets likely to remain unchanged. “We…

THE National Economic and Development Authority (NEDA) Board approved on Wednesday a P56.7-billion community development project of the Department of Social Welfare and Development (DSWD) to prepare them for natural…

The Philippines is one of the first adopters of Build-Operate-Transfer (BOT) or Public-Private Partnership (PPP) schemes for infrastructure development in Asia. To date, there are 174 PPP projects in the…

THE Public-Private Partnership (PPP) Center said the pipeline of PPP projects was valued at P2.6 trillion as of March 10, with the addition to the list of maximum-security prisons. The…