TOURIST spending is projected to increase 29.8% if the government passes the value-added tax (VAT) refund law for foreign tourists, according to the Department of Tourism (DoT). In a statement…
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GOVERNMENT agencies need to act in concert to contain African Swine Fever (ASF), including expediting the release of subsidies to aid in the vaccination effort, due to the urgent need…
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THE National Economic and Development Authority (NEDA) called for the immediate approval of the Konektadong Pinoy bill, which it expects to help bolster growth in education and agriculture. “The Konektadong…
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ELEVATED PRICES will continue to dampen household spending in the Philippines, ANZ Research said. “In the Philippines, high food prices and rebuilding of savings have constrained household discretionary spend. We…
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FARMERS said savings from the lower tariffs on rice have been pocketed by traders instead of being passed on to consumers. “The fact that retail prices hardly moved means that…
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THE National Food Authority (NFA) said it is seeking funding to allow it to hit its goals for procuring palay, or unmilled rice. In a statement on Thursday, NFA acting…
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THE Energy Regulatory Commission (ERC) said it has returned to “functional and unhampered” operations with the installation of an acting chairperson. “Frontline services of the ERC will continue to be…
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THE National Food Authority (NFA) said on Wednesday that it procured 10,045 metric tons (MT) of palay, or unmilled rice, in July, equivalent to 224,252 bags of 50 kilograms each.…
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EconomyEditor's Pick
Energy dep’t seeking up to $250M to derisk exploration for geothermal investors
THE PHILIPPINES may need to obtain an initial $250 million to derisk projects for potential geothermal developers, the Department of Energy (DoE) said. “The de-risking facility is about $250 million,”…
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By Sheldeen Joy Talavera, Reporter WASTE-TO-ENERGY (WTE) projects involve trade-offs between disposing of waste and raising emissions levels, though the severity of the Philippines’ energy problems means all technologies must be…