THE Department of Information and Communications Technology (DICT) said it will support legislation that will require telecommunications companies to guarantee minimum internet speeds for consumers and set standards for telco integration in residential property design.

SUBSIDIES to farmers will be critical in the first few years of the new administration, which has set a goal of expanding agricultural output, until farmers achieve a measure of self-sufficiency, according to an official from a company that produces high-yielding hybrid rice.

GROSS BORROWING dropped 40.59% from a year earlier to P1.022 trillion in the first half as the government tapped less debt as the economy reopened.

RATIFYING the Regional Comprehensive Economic Partnership (RCEP) trade deal should be a priority because it will help accelerate the economic recovery and ensure food security, former Trade Secretary Ramon M. Lopez said.

THE GROWTH in retail prices of construction materials in Metro Manila continued in May to its highest level in more than 13 years, driven by the higher cost of imports and the reopening economy.

The past three years have been an unwelcome rollercoaster ride for consumers everywhere. People prioritized their health when the pandemic initially broke out and drastically changed their actions and attitudes towards purchasing goods and services.

PRESIDENT Ferdinand R. Marcos, Jr. has vetoed House Bill 10554, an Act Expanding the Franchise Area of Davao Light and Power Co., Inc. (DLPC), noting that the area targeted for expansion would mean that DLPC would effectively “kill” the current franchise holder, North Davao Electric Cooperative, Inc. (Nordeco). 

THE 4% funding increase in the 2023 General Appropriations Act will require the government to set clear spending priorities and possibly sacrifice some spending items to achieve its goal of expanding agriculture, according to the chairman of the Senate Finance Committee.

THE Department of Agriculture (DA) said fertilizer from overseas suppliers to ease price pressures on farmers must arrive by the next planting season in October.

THE Philippine Electricity Market Corp. (PEMC) said it opened the renewable energy market (REM) to interim commercial operations on Thursday.

THE Association of Southeast Asian Nations (ASEAN) does not support efforts to isolate Russia and seeks to pursue further engagement with Moscow in the near future, including on matters of trade, the Department of Foreign Affairs (DFA) said in a briefing.

A RETURN to on-site work for most employees is expected to boost the recovery of the residential property market, particularly condominiums, according to Colliers Philippines.