By Adrian H. Halili, Reporter THE SALE of rice reserves to local government units (LGUs) during the food security emergency could generate losses of P2.25 billion for the government, the…
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THE Department of Agriculture (DA) said on Tuesday that the maximum suggested retail price (MSRP) scheme on imported rice will take effect nationwide starting Feb. 15. Assistant Secretary and Spokesperson…
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A LOCAL-CONTENT requirement of 30% for vehicles assembled in the Philippines and tax incentives will potentially attract $500 million in investments in the auto industry, the Philippine Parts Maker Association…
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THE PHILIPPINES and Chile are expected to start the first round of negotiations for a bilateral free trade agreement (FTA) in April, the Department of Trade and Industry (DTI) said.…
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A JAPANESE travel reservation application and a travel company named Cebu as among the top international destinations for the Japanese market, the Department of Tourism (DoT) said. Cebu ranked third…
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THE PHILIPPINE Chamber of Commerce and Industry (PCCI) said it supports delaying the Sugar Regulatory Administration’s (SRA) new import clearance fees for some non-sugar sweeteners. “We are glad that the…
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EconomyEditor's Pick
PHL seeks extension for $4-M World Bank loan financing Bangsamoro bases transformation
THE PHILIPPINES is seeking a four-month extension for the $4-million project loan from the World Bank to transform former separatist guerilla bases into economic engines for the Bangsamoro Autonomous Region…
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THE Bureau of Internal Revenue (BIR) said on Tuesday that it collected P2.06 trillion via e-payments in the 10 months to October. The BIR said e-payments accounted for 85% of…
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LAGUNA became the first province to exceed the P1-trillion mark in terms of economic value contributed to the economy in 2023, the Philippine Statistics Authority (PSA) reported on Tuesday. The…
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THE SENATE approved on third and final reading on Monday a bill setting up a five-tier margin-based royalty and windfall profit system for the mining industry, which is expected to…