Senate bill proposes agriculture database focused on improving market intelligence
A SENATE BILL is seeking to consolidate and integrate all agricultural databases to improve market intelligence on where produce is in demand, thereby strengthening the farm-to-consumer value chain, including to global markets.
Climate inaction puts economy at risk
THE IMPACT of climate change is likely to slash the Philippines’ gross domestic product (GDP) by as much as 13.6% by 2040 if there is no action by the government and private sector, the World Bank said on Tuesday.
BSP may respond point by point to Fed’s next hike
THE BANGKO SENTRAL ng Pilipinas (BSP) may have to respond to the US Federal Reserve point by point as the rate differential has become too narrow.
Top business groups support POGO closure
THREE MAJOR business groups on Tuesday said they supported the total closure of Philippine Offshore Gaming Operators (POGOs), citing the spike in crime and money laundering risks associated with the sector.
Peso strengthens vs dollar on weak US factory data
THE PESO strengthened on Tuesday as the dollar softened after US manufacturing data contracted for a fourth straight month in October, indicating a slowing US economy due to high inflation and rising interest rates.
Stocks rise further on bargain hunting, earnings
PHILIPPINE SHARES extended their gains on Tuesday on bargain hunting and strong third-quarter results of listed companies.
Sugar producers see imports for years on weak domestic output
SUGAR FARMERS said they expect imports of the commodity to continue for years due to weak domestic production and the persistence of high input costs.
Commission hears proposal to extend low tariff regime for pork, rice, corn, coal
THE Tariff Commission (TC) will conduct public hearings regarding proposals to extend the application of lower tariffs for pork, corn, rice, and coal to help minimize the impact of inflation.
Vape law draft IRR imposes obligation on online sellers to verify buyer age, identity
THE draft implementing rules and regulations (IRR) of Republic Act No. 11900 or the Vaporized Nicotine and Non-Nicotine Products Regulation Act (Vape Law) will impose age and identity verification requirements on customers ordering such products online.
Consumers eager to normalize seen boosting economy towards yearend
THE boost to the economy typically provided by the year-end holidays will be given added impetus by consumers seeking to return to normal after the pandemic, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a report.
Legislation to revive salt industry goes before TWG
THE House Committee on Agriculture and Food has tasked a technical working group (TWG) to work on the draft of House Bill 1976, which seeks to revive the salt industry.
BSP may match Fed if it hikes by 75 bps
PHILIPPINE interest rates could rise by more than 100 basis points (bps) before the year ends, the central bank governor said on Monday, in step with large rate hikes expected to be delivered by the US Federal Reserve to fight inflation.