German chamber positive for PHL prospects as region deemed priority
THE German-Philippine Chamber of Commerce and Industry (GPCCI) said the prospects are positive for the Philippines in 2023, with German companies targeting Asia as...
HSBC sees Philippines remaining ‘resilient’ as growth slows to 4.4%
HSBC Holdings PLC said on Thursday that it expects Philippine growth to remain “resilient” even as it slows to 4.4% in 2023.
“We think that (the)...
ERC cites rate reviews, CSP revision as 2023 priorities
THE Energy Regulatory Commission (ERC) said its 2023 priorities are reviewing distribution utility (DU) and transmission rates, as well as revising the guidelines for...
Fintech company JustPayto tapped for MSME digital payment system
THE Department of Trade and Industry (DTI) said it signed a partnership deal with financial tech firm JustPayto Philippines Corp. to provide digital payment...
ECCP expects PHL to deal with corruption ‘pragmatically’
THE European Chamber of Commerce of the Philippines (ECCP) is confident that officials of the new administration will deal with corruption in a “pragmatic” manner, and called for improvement in the area of respect for contracts during the Marcos term of office, its president said.
Meat processors seek withdrawal of PPA container registration rules
THE Philippine Association of Meat Processors, Inc. (PAMPI) has asked the Philippine Ports Authority (PPA) to revoke PPA Administrative Order No. 04-2021, which requires...
Ecozones touted as means to mitigate global recession impact
THE impact on the Philippines of the impending global economic slowdown can be mitigated by developing more economic zones (ecozones), the Philippine Economic Zone...
Data disclosed in loan transactions subject to new privacy protections
THE National Privacy Commission (NPC) said it has added new privacy rules governing data disclosed during the loan application process.
In a statement on Wednesday,...
Agri trade deficit widens in third quarter to $3.3 billion
THE deficit in the trade of agricultural goods widened 39.6% year on year to $3.313 billion in the third quarter, according to preliminary data...
Withholding agents as refund claim agents
By Kathleen Galano
Without taxes, government cannot function properly. The simple truth of the “lifeblood” doctrine forms the basis for the government taxing individuals and corporations alike....
Recessions in key markets to weigh on electronics growth
THE electronics industry, which produces the Philippines’ leading exports, is expected to come under pressure in 2023 as its most important markets go through recessions, analysts said.
Infrastructure spending sharply lower in October on month-on-month basis
INFRASTRUCTURE spending fell 38.3% month on month in October to P61.2 billion, according to the Department of Budget and Management (DBM).
The DBM said on...