Mom-and-pop stores post strong sales of energy drinks, iced tea
NEIGHBORHOOD mom-and-pop stores, also known as sari-sari stores, posted strong energy drink and iced tea sales last year, the hottest year on record, according...
Digital economy’s share of GDP stalls in 2024
THE digital economy’s contribution to the Philippine economy was little changed at 8.5% in 2024 from 8.6% previously, the Philippine Statistics Authority (PSA) reported on...
Tarlac sugar farmers testing experimental irrigation system
SUGARCANE farmers in Tarlac are testing an experimental irrigation system funded by the Department of Science and Technology (DoST) that promises quicker cane growth.
The...
Pangandaman sees no need to revise DBCC growth target
BUDGET Secretary Amenah F. Pangandaman said on Monday that she sees no need to revise the government’s 6-8% gross domestic product (GDP) growth target...
KADIWA stores to offer P20 subsidized rice for vulnerable consumers
GOVERNMENT-BACKED stores selling produce at less than market prices will carry P20-per-kilo rice starting May 2, days before the midterm elections, the Department of...
LRTA Q1 revenue P349M as rider volumes climb
THE Light Rail Transit Authority (LRTA), which operates Light Rail Transit Line 2 (LRT-2) said first-quarter revenue rose 9.1% to P349.79 million on passenger...
NCR March retail price growth lowest since 2020
RETAIL PRICE growth of general goods in the National Capital Region (NCR) eased to a 58-month low in March, the Philippine Statistics Authority (PSA)...
FDI slowdown seen for Asia as tariffs roil trade
ASIA is expected to experience a slowdown in foreign direct investment (FDI) as trade shifts in response to US tariff policy, ANZ Research said.
“The...
BPOs to set up council to establish quality norms
THE IT & Business Process Association of the Philippines (IBPAP) said it will organize a quality council next month to set performance standards for...
Gov’t procurement portal handles P80 million in Q1 orders, DBM says
THE e-marketplace for government procurement booked P80 million worth of transactions in the first quarter, the Department of Budget and Management (DBM) said.
DBM Procurement...
Ocean economy seen needing stronger environmental protections
THE GOVERNMENT needs to strengthen its environmental laws and turn to nature-based solutions if it wants to harness the potential of its blue economy,...
Transfer pricing reminders post ITR filing
By Christian Derick D. Villafranca
Kudos to all taxpayers and their finance teams who successfully finalized and filed their income tax returns (ITRs) on time! To all accountants, you...