Budget release rate hits 92.1% at end of June
AROUND 92.1% of the national budget had been released by the end of June, the Department of Budget and Management (DBM) said.
In its Status...
Polish firms inquire about possible Bicol investments
The Philippine Economic Zone Authority (PEZA) said it received expressions of interest following a roadshow in Poland, including a possible 60-million-euro investment in Camarines...
Growth in bulk prices of building materials in NCR steadies in June, retail...
Wholesale price growth of construction materials in Metro Manila steadied in June, due to slower increases recorded across most commodity groups, the Philippine Statistics Authority (PSA) said in a...
Clark airport, John Hay to pursue joint programs
CLARK International Airport Corp. (CIAC) and John Hay Management Corp. (JHMC) will jointly pursue programs to support the growth of Clark Aviation Capital and...
PHL debt benchmark now at 70% of GDP, Malacañang claims
THE appropriate benchmark for sustainable debt for the Philippines is now 70% of gross domestic product (GDP), according to Malacañang.
Bid invitation issued for P349-million upgrade of Bacon, Sorsogon airport
THE Department of Transportation (DoTr) posted a bid notice inviting builders to participate in the P349.20-million upgrade of Sorsogon’s Bacon Airport.
In a bid notice...
CA rules in favor of BIR in cigarette tax evasion case
THE Bureau of Internal Revenue (BIR) said on Monday that it obtained a favorable ruling from the Court of Appeals (CA) in a P796.95-million...
DTI launches e-commerce trustmark
THE Department of Trade and Industry (DTI) on Monday launched the E-Commerce Philippine Trustmark to ensure the reliability of online transactions.
An offshoot of the...
PHL food retailers seen growing 7% — USDA
THE Philippine food retailing industry is expected to grow 7% this year as modern retail outlets continue to expand, according to the US Department...
DBM keeps public spending over 20% of GDP
THE Department of Budget and Management (DBM) said it will maintain public spending above 20% of gross domestic product (GDP) over the medium term,...
Grid operator to start P28-billion cost recovery next month, ERC says
THE Energy Regulatory Commission (ERC) said the National Grid Corp. of the Philippines (NGCP) has been cleared to begin implementing the staggered cost recovery...
Rice inventory falls to 2.24 MMT in early June
THE rice inventory fell 2.9% month on month to 2.24 million metric tons (MMT) as of June 1, according to government data.
Year on year,...