Rice tariffication deprived farmers of P27.1B in revenue but gave consumers cheaper rice —...
RICE TARIFFICATION took away from farmers P27.1 billion in revenue, with the trade-off being cheaper rice for consumers, the Bangko Sentral ng Pilipinas (BSP) said, citing the results of a study.
Factory output declines for fourth straight month
FACTORY OUTPUT extended its losing streak for a fourth month in June, the Philippine Statistics Authority (PSA) reported on Wednesday.
Pandemic could lower use of major urban transport projects — ADB
URBAN TRANSPORT projects in developing economies such as the Philippines are vulnerable to lower-than-planned usage rates due to the pandemic, upending their underlying financial assumptions and calling into question their viability, the Asian Development Bank (ADB) said in a report.
PCC notes small pharma firms struggling to compete
SMALLER pharmaceutical companies are struggling to compete in a domestic market still dominated by multinational and consolidated companies, the Philippine Competition Commission (PCC) said.
Notarization in extraordinary times
By Aimee Rose DG. Dela Cruz
The COVID-19 pandemic might have restricted mobility worldwide, but it has also set the stage for a new way of living that goes beyond physical bounds.
Virus fears keep shoppers away in consumer-reliant Philippines
In the Philippines, signs of an economic crisis abound: empty malls, buy-one-get-one-free car deals, and restaurants closing permanently.
SSS approves over P15 billion in calamity loans in June, July
THE Social Security System (SSS) said it approved P15.63 billion worth of calamity assistance loans during the pandemic as well as P190.2 million in unemployment insurance benefits (UIBs) as of July.
Evidence mounting for remittance collapse as repatriations top 100,000
OVERSEAS-WORKER repatriations during the pandemic have hit 102,000 so far, with even more due to return after losing their jobs due to weak global economies or even falling ill from coronavirus, an economist said.
Tourism industry backs ‘bubble’ strategy of direct flights to destinations, bypassing NCR
THE tourism industry said it is backing a “tourism bubble” strategy to allow visitors to bypass high-risk areas like Metro Manila, after yet another lockdown cut off flight service from the capital.
NCR water supply adequate despite low Angat Dam levels
METRO MANILA’S water supply is deemed adequate even after Angat Dam’s supply hit minimum operating levels, according to the National Water Resources Board (NWRB).
Lack of data, territorial dispute hampering resource exploration efforts — PNOC-EC
A STUDY of the country’s sedimentary basins is needed to spur exploration as current resources like Malampaya become depleted, according to the Philippine National Oil Company-Exploration Corp. (PNOC-EC).
NGCP calls for more power plants in Zamboanga
THE National Grid Corp. of the Philippines (NGCP) said more power plants are needed on the Zamboanga Peninsula while calling for the resolution of transmission line access issues in the area which are causing unstable supply there.