Price council backs P50 cap on imported rice
THE National Price Coordinating Council (NPCC) said it endorsed the Department of Agriculture’s (DA) proposal to set a P50-per-kilo price ceiling on imported rice.
In...
Clark-area sites scouted for more pharma ecozones
THE Bases Conversion and Development Authority (BCDA) said it signed an agreement with Philippine Pharmaceutical Procurement, Inc. (PPPI) to evaluate sites in the Clark...
ECCP backs strengthening of ICT Academy
THE European Chamber of Commerce of the Philippines (ECCP) said it supports a stronger Information and Communications Technology (ICT) Academy to help with upskilling...
Infra seen as key to attracting investment for industrialization
THE PHILIPPINES will need to build sustainable digital and physical infrastructure to attract more investment needed to industrialize, PwC Philippines said.
“I think for us...
Developing Southeast Asia seen facing most severe risks to growth with prolonged Iran crisis
DEVELOPING Southeast Asian countries will face the most severe setbacks to their growth with a prolonged Middle East crisis, the Asian Development Bank (ADB)...
Business groups back law allowing fuel tax cuts
BUSINESS GROUPS welcomed the signing of a law that authorizes the President to suspend or reduce the excise tax on petroleum products, saying exporters...
PHL power supply deemed adequate over dry season
THE PHILIPPINES will have adequate supplies of power during the dry season but thinning reserves make it vulnerable to power interruptions going forward, according to think tank Institute for Climate and Sustainable Cities (ICSC).
Consortium investing P2.1B in microgrid power projects
A PRIVATE CONSORTIUM is investing P2.1 billion in microgrid power projects that are expected to meet the electricity needs of 11,560 households in underserved...
Brother PHL ‘definite’ prices will increase
BROTHER International Philippines Corp. said it is “definitely” increasing prices and is awaiting word from its parent company while assessing the impact on its...
DA wants safeguards against imports of PHL biofuel firms
THE Department of Agriculture (DA) said it has no objection to adjusting the biofuel blend or to imports that will mitigate price increases, as...
Korean developer to build P4.4-billion mixed-use estate in Angeles City
STATE-RUN Clark Development Corp. (CDC) said it signed a P4.4-billion agreement with Korean developer Luxia Corp. to build a mixed-use development within Clark Freeport...
PCCI, other business organizations support emergency declaration
THE Philippine Chamber of Commerce and Industry (PCCI) said it supports the government’s declaration of an energy emergency, citing the need to ensure stability...