PHL seen on track to enter top tier of WB’s B-Ready ranking by 2028
THE Anti-Red Tape Authority (ARTA) said the Philippines is poised to enter the top 20% of countries assessed by the World Bank’s (WB) Business...
Raising tax exemption threshold to create revenue hole — DEPDev
THE Department of Economy, Planning, and Development (DEPDev) said the proposed increase in the income tax exemption threshold will require Congress to find replacement...
BoI seeking UAE tech tie-ups for RE integration projects
THE Board of Investments (BoI) said it is looking to partner with tech firms in the United Arab Emirates (UAE) to integrate renewable energy...
Six ASF vaccine makers apply for commercial-use approval
THE Bureau of Animal Industry (BAI) said six vaccine makers with treatments for African Swine Fever (ASF) are currently seeking approval for commercial use...
DEPDev backs coco trust fund budget flexibility
THE Department of Economy, Planning, and Development (DEPDev) said it supported proposed amendments to the Coconut Farmers and Industry Trust Fund Act that will...
Lucena port terminal completion expected by 3rd quarter
THE Department of Transportation (DoTr) said the new passenger terminal building at the Port of Lucena is nearing completion and is expected to be...
Upgraded DA labs to expand food safety monitoring role
THE Department of Agriculture (DA) said it invested P55 million to expand the food safety monitoring capabilities of DA laboratories, to include testing for...
Gov’t urged to accelerate infra spending reforms after weak first-quarter growth
THE government must accelerate reforms to improve infrastructure spending and ease cost pressures to help improve consumer confidence, following the weak performance of the...
Auto industry backpedals on 500,000-unit sales goal
THE CHAMBER of Automotive Manufacturers of the Philippines, Inc. (CAMPI) said its vehicle sales target of 500,000 units for 2026 is no longer its...
PHL progress noted in diversifying exports
THE Asian Development Bank (ADB) said the Philippines has been successful in diversifying its exports while also increasing the share of domestic value-added in...
Businesses under pressure to absorb costs to maintain competitive position
MARGIN compression is looming for Philippine companies as costs rise, along with the pressure to hold the line on pricing to remain competitive, industry associations said.
Price caps under study for pork, carrots, cooking oil
THE Department of Agriculture (DA) said it is evaluating proposals to impose price caps on pork belly (liempo), carrots, and palm-based cooking oil, with...