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...
Tax assessments: What to do and what can still be done
By Ma. Lourdes Politado-Aclan
The Feast of the Epiphany and the celebration of the Baptism of the Lord ended the Christmas season on Jan. 8. This day also...
Digital payment systems top BSP agenda in 2023
THE Bangko Sentral ng Pilipinas (BSP) said its work program for 2023 will focus on the launch of new digital payment streams, while undertaking...
PEZA OIC endorsed for permanent post by industry groups amid leadership row
INDUSTRY GROUPS have thrown their support for the permanent appointment of Tereso O. Panga, currently the officer-in-charge (OIC) of the Philippine Economic Zone Authority...
Groundwork to improve business conditions not in place as Senate RCEP trade deal approval...
PHILIPPINE approval of a key regional trade deal could come before the government puts in place the needed groundwork to prepare domestic industries for heightened competition, with agriculture still holding out for safeguards and protections, analysts said.
Foreign investors’ choice of Asian manufacturing base seen as critical for PHL export prospects
FOREIGN INVESTORS are in the process of reviewing the locations of their Asian manufacturing bases, and their decisions will be critical for developing the...
Revving for growth
By Wilson P. Tan
As the transition into the new normal continues and the economy looks to rev up, it’s important for leaders to leave the pandemic mindset behind — that of caution and risk aversion — and adopt a bold mindset of optimism and growth.