Rice imports drop in Sept. as harvest starts
THE PHILIPPINES imported 2.49 million metric tons (MT) of rice in the year to date as of Sept. 21, down 18.1% from a year...
Water resources board retains Metro Manila’s October allocation at 50 cubic meters per second
THE Metropolitan Waterworks and Sewerage System (MWSS) said that the National Water Resources Board (NWRB) retained the MWSS water allocation at 50 cubic meters...
PHL raw sugar output forecast downgraded by USDA
THE US Department of Agriculture (USDA) downgraded its annual raw sugar forecast for the Philippines, citing El Niño and the decline in the area...
Lack of subsidies seen muting fiscal impact of high fuel prices
HIGHER oil prices will have a limited impact on the Philippines’ fiscal position in the absence of government fuel subsidies, Nomura Global Markets Research...
ADB pitches farm decarbonization as food security issue
ASIA must work on decarbonizing agriculture and transitioning to net-zero to ensure food security in the face of climate change, the Asian Development Bank...
VAT zero-rating for Registered Export Enterprises made easy
By Aaron Paul A. Santos
The CREATE Act radically changed the value-added tax (VAT) landscape for Registered Export Enterprises (REEs) with the introduction of the condition that only items...
Maharlika could be active in market by Q1, Diokno says
THE Maharlika Investment Corp. (MIC) will likely start becoming active in the market by the first quarter, once it works out an investment strategy...
Indonesia assures PHL of continued access to coal
THE Department of Energy (DoE) said that the Philippines has received assurances from Indonesia of continued access to the latter’s coal exports.
“Indonesia reiterated to...
Inflation pressures highlight need for productive spending
THE GOVERNMENT must ensure that its spending is weighted towards productive investments like education, health, and infrastructure if it is to avoid the buildup of inflationary pressure, analysts said.
Trade deficit revised to $27.98 billion in first half
THE DEFICIT in the balance of trade in the first half widened compared to the preliminary estimate, with the final import bill higher than...
DTI seeks more funding for creatives to maintain PHL lead within ASEAN
THE Department of Trade and Industry (DTI) said more funding for the creative sector is needed to maintain the Philippines’ regional lead in exporting...
Palace decision not to cut rice tariffs seen averting market disruption during harvest
THE President’s rejection of the proposal to reduce tariffs on rice imports will help stabilize prices, as supply receives a boost from domestic farmers, who get to bring in their harvest without disruption from cheap imports, analysts said.