RCEP success seen depending on stronger smuggling controls
THE success of Philippine participation in the world’s largest trade deal will require adequate border inspections and quarantine controls to deter smuggling, Senate President...
DTI’s Pascual calls free trade agreement ‘essential’ to European Union relationship
TRADE Secretary Alfredo E. Pascual said a free trade agreement (FTA) with the European Union (EU) is “an essential mechanism in the Philippines’ relationship...
Health-worker COVID compensation process streamlined
THE departments of Budget and Management (DBM) and Health (DoH) are streamlining the application process for public and private health workers seeking compensation for...
BPI reaffirms PHL 2023 growth forecast at 5-6%
BANK of the Philippine Islands (BPI) has reaffirmed its Philippine gross domestic product (GDP) forecast for 2023 at 5% to 6%, while warning that...
Farm organization calls hybrid seed program unsustainable for raising productivity
THE government’s approach of offering hybrid rice seed for raising productivity is unsustainable because farmers abandon hybrid once subsidies are withdrawn, a farm organization...
Bangko Sentral capital buildup seen stalling if it funds Maharlika
THE central bank said its plan to build up capital to P200 billion could be delayed if legislation obliges it to supply seed capital...
Senate pledges adequate oversight as RCEP bill elevated to plenary
SENATORS sponsored out to the plenary the bill providing the chamber’s concurrence to the Regional Comprehensive Economic Partnership (RCEP), while pledging to exercise adequate...
PHL exposed to LNG spot market volatility as Malampaya supply dwindles — Fitch
THE PHILIPPINES will need to turn to the volatile spot market for liquefied natural gas (LNG) with major power producers currently dependent on dwindling...
World Trade Center sees exhibition industry recovery this year
EXHIBITION venue operator World Trade Center Metro Manila (WTCMM) said it is expecting its industry to recover this year as demand surges with the...
Budget release rate hits 56.4% at end of Jan.
THE Department of Budget and Management (DBM) said on Wednesday that it had released P2.97 trillion or 56.4% of the 2023 budget at the...
E-Governance bill hurdles House committee
A BILL seeking to digitalize the bureaucracy has been approved by the House committee on information and communications technology.
On Wednesday the committee passed an...
Japan ministry agrees to broadband, 5G equipment sourcing collaboration with DICT
THE Department of Information and Communications Technology (DICT) said it signed a Memorandum of Cooperation (MoC) with its counterpart Japanese ministry on broadband infrastructure...