THE PHILIPPINES managed to improve its score in the World Bank’s annual report that tracks economies’ competitiveness in ease of doing business, but its rank slipped as reforms to streamline transactions and strengthen stakeholder rights were offset by increased layers for import inspection and higher tax registration costs.
MALACAÑANG on Wednesday finally issued the government’s closely watched list of sectors in which foreign participation is regulated, showing sectors where restrictions have eased including teaching in “higher education levels.”
INFLATION likely eased in October, coming from a nine-year high the preceding month, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday, suggesting the possible start of a downtrend as higher oil prices were offset by lower food and electricity costs.
PHILIPPINE economic growth prospects remain strong despite inflation challenges and external headwinds, the ASEAN+3 Macroeconomic Research Office (AMRO) said in a statement late Tuesday that showed projections were maintained from a previous report.
THE Department of Transportation (DoTr) will ask the Land Transportation Franchising and Regulatory Board (LTFRB) to review the jeepney fare hike approved two weeks ago in the face of receding world crude oil prices.
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PRESIDENT Rodrigo R. Duterte has officially sworn into office retired Armed Forces chief Rey Leonardo “Jagger” B. Guerrero as the new head of the Bureau of Customs (BoC), replacing Isidro S. Lapeña after P11 billion worth of shabu, or methamphetamine hydrochloride, was found last August to have entered the Philippines under his watch.
MALACAÑANG on Wednesday said Secretary Carlos G. Dominguez III of the Department of Finance (DoF) “continues to enjoy the trust and confidence” of President Rodrigo R. Duterte amid calls for his resignation.
RESCUERS worked with bare hands and shovels to try to free 23 people trapped under earth and rubble on Wednesday, after Typhoon Rosita (international name Yutu) dumped heavy rains on the northern mountainous region, triggering floods and deadly landslides, Reuters reported.
PRESIDENT Rodrigo R. Duterte has directed the Philippine National Police (PNP) and other concerned agencies to “strictly implement” existing laws, rules and regulations on firecrackers and pyrotechnic devices.
PRESIDENT Rodrigo R. Duterte has signed an order institutionalizing the Philippine Anti-Illegal Drugs Strategy (PADS), which the Dangerous Drugs Board (DDB) formulated to address the drug problem in the country.
THE seven Filipino seafarers who were kidnapped last month in Nigeria have been released, the Department of Foreign Affairs (DFA) reported late Tuesday.
THE SUPREME Court (SC) affirmed the indictment of former Isabela governor Grace Padaca and two others for graft and malversation of public funds.
THE LEGAL counsel of Australian missionary Patricia Fox said the nun will leave the country on Nov. 3 following the Bureau of Immigration’s denial of the extension of her temporary visitor’s visa.
MALACAÑANG said the reported P25 minimum wage increase for Metro Manila is not yet official and remains under review, after labor and employer representatives claimed knowledge of information contained in the National Capital Region (NCR) wage order ahead of its release.
MONEY SUPPLY growth eased anew in September to post its slowest pace in almost three years, the central bank said, as bank lending also cooled at a time of higher interest rates.
THE 47,000 metric tons (MT) of rice awarded to bidders in the latest import auction will arrive by Dec. 1, Agriculture Secretary Emmanuel F. Piñol said.
YIELDS fetched on term deposits climbed anew this week as the central bank reduced the amounts offered during Wednesday’s auction.
ROBINSONS BANK Corp. is set to raise P3.5 billion through issuance of long-term negotiable certificates of deposit (LTNCD) next year to fund the expected growth of its lending segment.
THE Department of Transportation (DoTr) said a commercial agreement with China for the Subic-Clark Railway may not be ready for signing when Chinese President Xi Jinping visits next month.
THE PESO strengthened against the dollar to reach a two-month high as market players prepare for remittance coverage for the long weekend.
THE GOVERNMENT will take no action to ensure that airlines will operate out of the proposed Bulacan International Airport, signalling that the project needs to convince carriers to transfer to the new facility on its own commercial merits.
A BILL amending Republic Act 7925, or the Philippine Competition Act, intended to ease entry of more telecommunication companies by increasing the government’s powers to allocate radio frequency, has been filed at the House of Representatives.
MANILA ranked 95th out of 100 global cities in the 2018 Sustainable Cities Index (SCI) compiled by design and consultancy firm Arcadis, beating out only Hanoi and Kolkata among the Asian metropolises evaluated.
TWO more companies have solidified their interest in participating in the government’s bid for a new major telecommunications player, the National Telecommunications Commission (NTC) said on Wednesday.
PRESIDENT Rodrigo R. Duterte has issued an executive order (EO) regulating the barter trade in Mindanao, in part to “strengthen trade and commerce between and among the member states of the Brunei Darussalam-Indonesia-Malaysia-Philippines-East ASEAN Growth Area (BIMP-EAGA).”
VULCAN Industrial & Mining Corp. said Zap Cove Development Corp. will be subscribing to around three billion shares in the company, in a potential backdoor listing move.
ENERGY Development Corp. (EDC) has completed its tender offer for its planned exit from the Philippine Stock Exchange (PSE).
THE DEPARTMENT of Budget and Management (DBM) has released 96% of the 2018 budget to government agencies and local government units as of Oct. 25, outpacing the rate of release from the equivalent period in 2017.
THE Philippine Exporters Confederation, Inc. (PhilExport) said its members are hoping to take advantage of opportunities arising from trade tensions between China and the US.
SHARES recovered on Wednesday due to window dressing and the return of foreign investors into the local market after two months.
BACK in action after being sidelined for a while because of injury, Barangay Ginebra San Miguel Kings big man Greg Slaughter looks to get more rhythm in his game as the playoffs approach and help his team in its quest to win a third straight Philippine Basketball Association Governors’ Cup title.
FORMER pound-for-pound king Demetrious “Mighty Mouse” Johnson had decided to take his talent to ONE Championship after years with the Ultimate Fighting Championship. It was a decision that he said was partly because of how well things have panned out for his friend and reigning ONE bantamweight champion Bibiano Fernandes since the latter moved to Asia’s biggest sports media property early in this decade.
THE FIBA Basketball World Cup 2019 happening in China added another face after it was revealed that National Basketball Association legend Kobe Bryant will serve as global ambassador for the awaited event.
The fame, fortune, and fans fueling the K-pop revolution.
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THE BANGKO SENTRAL ng Pilipinas (BSP) may still gun for another interest rate hike next month, a senior monetary official said even as he noted that inflation could clock in slower from here on.
ECONOMIC GROWTH likely picked up last quarter from the preceding three months’ disappointing six percent, analysts of First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in their latest joint assessment, even as they still slashed their full-year 2018 projection.
THE GROUNDBREAKING ceremony for the rehabilitation of war-torn Marawi City finally pushed through on Oct. 30, with the Task Force Bangon Marawi (TFBM) head promising completion by 2021.