Editor’s Pick

THE increased use of credit is pointing to sustained financial strain on consumers, according to a study by TransUnion. “In the face of sustained financial pressure, consumers in the Philippines…

THE Department of Energy (DoE) said its target date to begin full commercial operations of the renewable energy market (REM) is Dec. 26. In a circular dated Dec. 6, the…

THE Philippine semiconductor industry has established itself as a key global player but remains weighed down by regulatory bottlenecks, the Organisation for Economic Cooperation and Development (OECD) said in a…

THE Export Development Council (EDC) said it will downgrade the export targets for 2025 and beyond contained in the Philippine Export Development Plan (PEDP). “We are definitely revising it downward…

THE Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said that the government needs to fund more crops beyond rice, citing food sufficiency concerns. In a briefing on Monday, PCAFI…

THE National Food Authority (NFA) said on Monday that it procured 123,561 metric tons (MT) of palay, or unmilled rice, in October, equivalent to 2.47 million sacks of 50 kilograms…

THE Asian Development Bank (ADB) said it signed an agreement with Asialink Finance Corp. to help provide $115 million in working capital to support lending to small- and medium-sized enterprises…

THE Philippine Retailers Association (PRA) said the signing into law of the value-added tax (VAT) refund scheme for non-resident tourists will raise the Philippines’ competitiveness as a visitor market. “We…

THE Philippines benefits from the free movement of capital, goods, and people, and its global partners can support emerging markets with such measures, Ayala Corp. Chairman Jaime Augusto Zobel de…

ING HUBS Philippines said staffing is expected to grow 31% to 6,000 this year, reflecting growing global demand for banking services. “From roughly 1,900 employees in 2020, the hub now…