PEZA locators account for bulk of special investor visas issued 

THE Philippine Economic Zone Authority (PEZA) said its locators were issued 17,592 special residency visas between November 2021 and April 2024, accounting for the...

Gov’t cash utilization rate hits 94% at end-May

GOVERNMENT agencies’ cash utilization rate hit 94% at the end of May, the Department of Budget and Management (DBM) said in a report.  The DBM...

Incentives may be key to EPR compliance

THE proper incentives will encourage more businesses to comply with the Extended Producers Responsibility (EPR) Act, which holds companies responsible for plastic waste over...

Cigarette, vape seizures valued at P7.2 billion in foregone taxes

THE Bureau of Internal Revenue (BIR) said seized  tobacco and vapor products this year would have generated P7.2 billion in revenue had they entered...

UNCTAD sees possibility of modest growth in FDI this year

MODEST GROWTH in foreign direct investment (FDI) is possible this year on the back of increased greenfield project announcements, according to the United Nations...

Subsidized-rice program to be enabled by imports

THE Department of Agriculture (DA) said on Wednesday that it plans to import 363,697 metric tons (MT) of rice to facilitate its plan to aid poor consumers by selling grain to them at the subsidized price of P29 per kilogram.

Japan’s Sojitz considering PHL telco tower investments

JAPANESE trading company Sojitz Corp. is considering investing in cellular towers in the Philippines, while also expanding its footprint in the fertilizer market, according...

Finance dep’t invites Japanese firms to expand operations in Philippines

THE Finance department is inviting Japanese companies already operating in the Philippines to expand their operations this year. “Among the Japanese companies were Sojitz Corp.,...

China tensions seen hindering PHL efforts to upgrade competitiveness

THE RISK of conflict with China is emerging as an obstacle to Philippine attempts to improve its competitive standing in world markets and attractiveness...

Pace of region’s tourism recovery slower than expected, Fitch says

TOURISM in the Asia-Pacific (APAC) will continue to recover this year, though at a slower-than-expected pace, Fitch Ratings said. “We forecast visitation in APAC to...

Coal-fired plants can support PHL baseload needs until 2030 — DoE

THE Department of Energy (DoE) said coal-fired generating plants can support the Philippines’ baseload power needs until about 2030. Energy Secretary Raphael P.M. Lotilla described...

Maxicare: No sensitive medical info compromised in recent data breach

HEALTH maintenance organization (HMO) Maxicare Healthcare Corp. said on Wednesday that the data breach of its systems on June 13 did not involve sensitive...