GOVERNMENT-OWNED and -controlled corporations (GOCCs) performed better following reforms that centralized governance and enhanced transparency, the Asian Development Bank (ADB) said. “The effect of the centralization of GOCC ownership and the associated…
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THE FARMGATE PRICE of unmilled rice (palay) fell 17% year on year in January to an average of P20.69 per kilogram, after rice imports hit record levels last year. Month…
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THE JOB MARKET will feature strong demand for technology-driven roles, finance professionals, and healthcare workers, according to JobStreet by SEEK. Henry Jose C. Yusingco, Head of Marketing at JobStreet by…
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THE INDEPENDENT Electricity Market Operator of the Philippines, Inc. (IEMOP) is projecting an increase in power prices at the Wholesale Electricity Spot Market (WESM) during the dry season due to higher…
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THE BAKING INDUSTRY said it wants the government to allow bread prices to rise if a proposed P200 blanket wage hike goes ahead. Filipino-Chinese Bakery Association, Inc. (FCBAI) President Christopher…
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THE PHILIPPINES and Cambodia have signed a double-taxation agreement (DTA), which the Department of Finance (DoF) expects to boost foreign investment and trade. Finance Secretary Ralph G. Recto said in…
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INTERNATIONAL trade show organizer Informa Markets Asia is expecting its upcoming exhibition to attract over 12,000 trade buyers seeking innovative water technologies and solutions. “The challenges we face, including water…
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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,…
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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…
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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…