Single market seen boosting ASEAN resilience vs supply chain disruptions
THE Association of Southeast Asian Nations (ASEAN) needs to make further progress in creating a single market if it is to remain resilient in the face of disruptions to global supply chains, the bloc’s Secretary-General said.
ASEAN urged to lower costs by developing RoRo links
ROLL-ON/ROLL-OFF (RoRo) shipping links need to be developed across the region to lower logistics costs, business groups said.
“One area that I think moving forward...
Marcos foreign visits did not boost FDI performance — ex-NEDA chief
THE Marcos administration’s foreign travels have not generated sufficient investment, judging by the Philippines’ weak foreign direct investment (FDI) performance this year, a former...
Crop production falls 0.9% by volume in second quarter
CROP OUTPUT in the second quarter fell 0.9% year on year to 17.88 million metric tons (MT), the Philippine Statistics Authority (PSA) said.
In a...
Road operators still considering toll relief for farm goods haulers
TOLL ROAD operators are still considering a Department of Finance (DoF) proposal to exempt trucks carrying agricultural products from paying the adjusted tolls, the...
Bill cutting stock transaction tax to also lower tax on lotteries, horse racing bets
THE House Ways and Means committee has included amendments to the proposed Capital Markets Efficiency Promotion Act which will lower taxes on lottery winnings...
Debt moratorium for some ARBs extended further
THE moratorium on debt payments by agrarian reform beneficiaries (ARBs) first declared via executive order in September 2022 has been extended by two years,...
Budget release rate hits 95.3% at end of August
THE Department of Budget and Management (DBM) said it had released P5.02 trillion of the 2023 national budget by the end of August.
The DBM’s...
Proposed CREATE amendments seek to clear up VAT refund rules
THE chairman of the House Ways and Means committee is proposing to amend the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to...
ERC: Revised CSP guidelines expected by end of September
THE Energy Regulatory Commission (ERC) said on Tuesday that the review of draft rules for the competitive selection process (CSP) is ongoing and is...
Rice tariff removal seen benefiting broader segment of PHL society
THE Philippine Chamber of Commerce and Industry (PCCI) said that the removal of tariffs on rice imports will help the broader population deal with...
NFA loss of import function gave private traders too much control over rice supply...
THE removal of the National Food Authority’s (NFA) rice import function effectively handed control over the rice supply to private traders, AgriNurture, Inc. (ANI)...