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...
PHL sought limited tariff reductions in negotiating RCEP, DTI says
THE PHILIPPINES negotiated limited tariff reductions when it sought to join the Regional Comprehensive Economic Partnership (RCEP), ensuring that the trade deal will have...
15-year extension sought for Malampaya concession
PRIME Infrastructure Capital, Inc. (Prime Infra) said a 15-year extension has been sought for the Malampaya gas field concession, with additional gas production expected...
China offers to participate in PHL transition to nuclear power
THE Department of Energy (DoE) said on Wednesday that China has expressed its intention to participate in the process of integrating nuclear power in...
Palace announces over P300 million in funding to support onion producers
THE GOVERNMENT has allocated P326.97 million to support onion production this year, with the bulk of the package going to cold storage facilities, the...
UN: Consider SDGs in budget planning
THE United Nations (UN) representative in the Philippines said the government needs to prepare its budget in a manner that would help it better...
PHL motor vehicle production up 10% in 2022
VEHICLE production in the Philippines rose 10% in 2022, lagging growth rates posted elsewhere in Southeast Asia, according to the ASEAN Automotive Federation (AAF).
In...
‘Difficult’ to top 2022 growth, but PHL seen outperforming
THE PHILIPPINES will find it difficult to match its performance in 2022, but growth of 5.5% to 6.5% in 2023 will still stand out...
PPP Center focused on solicited projects to better align with gov’t priorities
THE head of the PPP Center said the agency plans to focus on solicited projects, which will have been vetted extensively for conformity to...