Bigger role for MSMEs urged as FDI flows into larger companies
MICRO, small, and medium enterprises (MSMEs) can survive within an “ecosystem” making them part of a broader supply chain as larger companies take in more foreign direct investment (FDI), economists said.
LANDBANK distributes payouts via card to Ilocos region crop insurance claimants
SEVEN FARMER-beneficiaries from Region I received a combined P46,400 worth of insurance payouts through their LANDBANK (Land Bank of the Philippines) prepaid cards.
LANDBANK said...
US investments in semiconductors, electronics seen rising with IPEF
THE Indo-Pacific Economic Framework for Prosperity (IPEF) is expected to boost US investments in the Philippine semiconductor and electronics industries, according to the Semiconductor...
Understanding the implications of the EPR Law
By Benjamin N. Villacorte and Erica Nicole D. Gomez
The circular economy concept has been given more and more attention through the years and has now materialized in the Philippines through the Extended Producer Responsibility (EPR) Act of 2022 and its Implementing Rules and Regulations (IRR).
SC 76 prospector Ratio declares 2 possible finds in East Palawan
THE Department of Energy (DoE) said Israel’s Ratio Petroleum Ltd. has identified two possible petroleum finds within its concession area, Service Contract (SC) 76.
“Ratio...
Japan investment pledges mostly from electronics companies
PRESIDENT Ferdinand R. Marcos, Jr. on Thursday obtained investment pledges from Japanese electronics companies, while also receiving assurances from shipping companies of more hiring...
Employment numbers don’t reflect job-market dropouts — think tank
THE decline in the 2022 jobless rate masks the number of workers who have stopped seeking formal employment, IBON Foundation said.
DENR cancels quarrying permits in Upper Marikina watershed
THE Department of Environment and Natural Resources (DENR) ordered the cancellation of three mineral production sharing agreements (MPSAs) held by quarry operators in the...
PEZA sets launch target of 1-3 ecozones a year
THE Philippine Economic Zone Authority (PEZA) said it has set an “aspirational” target of one to three new economic zone launches each year.
“We actually...
ADB touts potential of cloud for expanding countryside banking coverage
CLOUD-BASED services can help expand the reach of banks and financial institutions in remote areas, the Asian Development Bank (ADB) said.
“This is already being...
BIR clarifies automobile excise tax computation
THE Bureau of Internal Revenue (BIR) has issued a clarification of the method for computing the excise tax on automobiles imported for resale.
In a...
New growth drivers seen needed after pandemic economic scarring
THE GOVERNMENT must find new sources of growth following the economic scarring inflicted by the pandemic, the Philippine Institute for Development Studies (PIDS) said.
“The...