El Niño impact on prices to show up in ‘2-3 weeks’
THE Department of Trade and Industry (DTI) said any impact of El Niño on food prices could start showing up at the retail level in the next few weeks.
Transport dep’t inaugurates upgraded Marinduque Airport terminal, runway extension
THE Department of Transportation (DoTr) said Thursday that it inaugurated the rehabilitated passenger terminal and extended runway at Marinduque Airport.
Mining industry worst in Asia for risk-reward balance despite DENR changes, Fitch says
THE Philippine mining industry is expected to continue to underperform in Asia as a result of weakening reserves, a poor regulatory framework, corruption, and increasing resource nationalism, a Fitch research unit said.
PHL urges ASEAN to strengthen disaster financing system
THE Philippines called for stronger cooperation among member states of the Association of Southeast Asian Nations (ASEAN) on disaster risk financing and insurance (DRFI), citing the region’s vulnerability to natural disasters.
Banana growers seek gov’t assistance over new Japan import testing regime
DAVAO CITY -- The Pilipino Banana Growers and Exporters Association, Inc. (PBGEA) has asked the government to assist the industry after Japan implemented stricter tests for chemical residue in fruit imports.
SC rules expanded IRA payments to start in 2022
THE Supreme Court (SC) denied a government motion to reconsider a key ruling that had expanded the basis for reckoning the size of fund transfers from the national government to local government units (LGUs).
Capital spending still driving economy — DoF
THE Department of Finance (DoF) said government investment in 2018 accounted for 5.4% of gross domestic product (GDP), continuing to drive economic growth and posting rates of return that more than pay off capital costs.
Gov’t targets violators of sugar price ceiling
THE Department of Trade and Industry (DTI) will be issuing notices of violation to sugar sellers who breach the prescribed government price ceilings, the Trade department said Wednesday.
World Bank lends $450M to help develop PHL fiscal management
THE Philippines obtained $450 million from the World Bank for a project to improve the country’s fiscal management.
House publishes itemizations ahead of budget signing
HOUSE APPROPRIATIONS committee chair and Camarines Sur 1st District Rep. Rolando G. Andaya Jr. said Congress has included a list of itemized allocations in a fourth volume of the 2019 national budget bill, claiming that the practice makes the bill compliant with Supreme Court directives accompanying its landmark Pork Barrel ruling.
Iloilo to represent PHL in Quanzhou international brand expo
A GROUP of exhibitors from Iloilo is representing the Philippines in the 5th Quanzhou Maritime Silk Road International Brand Expo (MSREXPO) on April 18-21, showcasing local food, textile, and other fashion products.
SC orders gov’t to comment on Chico River loan case
THE SUPREME COURT (SC) ordered the government to comment on a petition filed by the Makabayan bloc against the implementation of the $62 million Chico River Irrigation Pump Project funded by China.