New lockdown threatening economic recovery

THE new lockdown imposed on Metro Manila and nearby provinces is threatening the economic recovery, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P).

Maynilad hoping for ‘early’ conclusion to water deal review

WEST ZONE water supplier Maynilad Water Services, Inc. said it is hoping for a conclusion to the review of its concession agreement with the government “as soon as possible.”

DTI makes tax pitch to Japan auto wiring firms

THE DEPARTMENT of Trade and Industry (DTI) said it has been promoting the new tax regime to attract investment from Japanese manufacturers of auto wiring harnesses.

HSBC urges greater ASEAN commitment to climate-change mitigation measures

SOUTHEAST ASIA needs to commit to major investments designed to address climate change, including projects in infrastructure, power, and food security, HSBC Group said.

ARTA to issue warnings to agencies not yet on TradeNet

THE Anti-Red Tape Authority (ARTA) is set to issue notices of warning to trade-related government agencies who are not signed up to the TradeNet system, a platform designed as a single window to facilitate trade permits in Southeast Asia.

PHL raw sugar output seen at 2.1 million MT — USDA

PHILIPPINE RAW SUGAR output for the crop year 2021-2022 starting in September is expected to be flat at 2.1 million metric tons (MT), according to the United States Department of Agriculture (USDA).

DoF will seek to pass remaining tax bills before national elections

THE DEPARTMENT of Finance (DoF) said it will “work hard” to ensure the passage of the last two tax reform bills before the campaigning heats up for the 2022 national elections.

Palace asks Senate to give pork tariff EO a chance

PRESIDENT Rodrigo R. Duterte has asked the Senate to give his executive order (EO) lowering tariffs on imported pork a chance to stabilize the supply of pork after the drastic reduction in hog numbers due to the African Swine Fever (ASF) outbreak.

DoE backs Palace position on disputed waters

THE DEPARTMENT of Energy (DoE) said it “stands firmly” behind any decision by President Rodrigo R. Duterte on asserting the Philippines’ licensing authority over resources in the West Philippine Sea (WPS).

Economic managers to report on economy, infrastructure

ECONOMIC MANAGERS will report on the state of the economy and the infrastructure program at an upcoming forum Monday, according to the Department of Finance (DoF).