Ports authority says Calapan terminal, largest in PHL, due to open in March
THE Philippine Ports Authority (PPA) said on Tuesday that the country’s largest passenger terminal building is due to open in March at the Port...
DPWH rules out Visayas-Mindanao bridge as unfeasible
THE Department of Public Works and Highways (DPWH) said it is not feasible to build a bridge connecting Mindanao and Visayas because the waters at the entrance of the Surigao Strait are too deep.
PHL data center prospects deemed promising due to digitalization push
THE PHILIPPINES is viewed as a promising market for data centers due to its digitalization efforts and surging use of e-commerce, according to firms...
Confidence in rising incomes, inflation worries among the main findings of consumer survey
HOPES for rising incomes this year as well as concern over rising inflation were the main findings of a survey on consumer sentiment conducted...
Extension of low tariff scheme seen encouraging more UK pork shipments
THE volume of pork shipped in from the UK will likely increase with the extension of a low-tariff scheme designed to contain inflation, the...
Business chambers see tourism, agriculture driving 2023 recovery
BUSINESS GROUPS said they expect tourism and agriculture to drive the economic recovery in 2023, with remittances providing a cushion against any possible external...
Pork supply exceeds demand, Senate panel finds, casting doubt on gov’t import policy
THE Senate Agriculture, Food and Agrarian Reform Committee was told that the supply of pork exceeded demand in each of the years since 2019, raising questions about the government’s pork import policy.
PHL obtains $6M to fund rail feasibility studies
THE GOVERNMENT has obtained access to more than $6 million in loans to fund feasibility studies for three railway projects outside the capital region,...
PHL current account deficit forecast raised to 4.7% of GDP in 2023
THE current account deficit as a proportion of gross domestic product (GDP) is now projected at 4.7% this year from 4.5% previously, with easing...
Airport authority sees 2023 revenue rising 36% to P11.5B
THE Manila International Airport Authority (MIAA), which manages the Ninoy Aquino International Airport, said it expects revenue to rise 36% to P11.46 billion this...
House panel to probe alleged food smuggling via Subic
THE House committee on ways and means said it will investigate the alleged smuggling of pork, dressed chicken, and beef via the Port of...
Wholesale goods price growth eases in Oct.
GROWTH in wholesale prices of general goods slowed in October, according to preliminary data from the Philippine Statistics Authority (PSA).
The general wholesale price index...