Fisheries output up 2.1% by volume in 3rd quarter
FISHERIES production rose 2.1% year on year by volume in the third quarter, led by the aquaculture and municipal fisheries segments, the Philippine Statistics...
Remittances jump by 2.6% in Sept.
CASH REMITTANCES from overseas Filipino workers (OFWs) jumped by 2.6% in September amid steady demand for healthcare and maritime workers abroad.
Maharlika fund to invest in airports, power projects
THE MAHARLIKA Investment Fund (MIF) is looking to deploy a portion of its capital to invest in airports and power projects that will bring...
Elevated office vacancy rates to persist — report
OFFICE VACANCY in Grade A and prime offices in Metro Manila remained high in the third quarter as companies continued to implement hybrid and...
Rules on digital workforce competitiveness out
THE NATIONAL Economic and Development Authority (NEDA) has released the implementing rules and regulations (IRR) for a law that seeks to ensure the Philippines’...
Coal power phaseout by 2035, gas by 2040 deemed feasible
THE PHILIPPINES has the capacity to abandon coal-fired power by 2035 and most power generated by gas by 2040, a climate advocacy said in...
APEC: US chipmakers pitched on wafer fab investments in PHL
TRADE Secretary Alfredo E. Pascual said he invited US chipmakers to set up wafer fabrication plants in the Philippines.
Speaking before a roundtable session at...
Peso rises as Fed seen done with hikes
THE PESO appreciated against the dollar on Wednesday due to expectations that the US Federal Reserve will pause at its next meeting after lower-than-expected...
Cooperatives call for amendments to clarify tax exemption rules
THE Cooperative Code of the Philippines needs to be amended to clarify the industry’s tax-exempt status, the Philippine Chamber of Cooperative, Inc. (Co-op Chamber)...
Shares rebound with US inflation flat in October
PHILIPPINE SHARES rebounded on Wednesday, tracking then rise in Asian markets, following the release of data showing that US consumer inflation was flat last...
Meat imports drop 9.7% in 10 months to October
IMPORTS of meat declined 9.7% year on year in the 10 months to October, with shipments of beef, pork, buffalo, and turkey dropping, according...
Foreign investment pledges surge in Q3
FOREIGN INVESTMENT pledges approved by investment promotion agencies (IPAs) more than doubled in the third quarter from the same period a year ago, the...