Marcos commits to more infra after subway contract signing

PRESIDENT Ferdinand R. Marcos, Jr. said he will pursue more major infrastructure projects after witnessing the signing of two contracts covering the construction of the Metro Manila Subway.

Sugar repricing awaiting outcome of talks; DA may consider SRP range of P85-90/kg

THE new suggested retail price (SRP) for sugar has not yet been set pending the completion of consultations, though the Department of Agriculture (DA) cited a possible range of P85-90 per kilogram.

Palace adviser wants vaccines-for-pay led by private hospitals

PRIVATE hospitals need to be deputized to procure and administer the new class of bivalent vaccines for recipients deemed non-priority who are willing to pay, according to Presidential Adviser Jose Maria A. Concepcion III.

European hiring of seafarers ongoing amid concerns over training standards

THE Transportation department said on Thursday that European ship operators continue to hire seafarers from the Philippines even amid concerns raised about their standard of training.

October factory output growth slows

FACTORY OUTPUT in the Philippines expanded at a slower pace in October, reflecting a modest uptick in new orders despite elevated inflation and supply chain disruptions, S&P Global said on Wednesday.

China slowdown likely to send significant shock to Philippines and its peers

SLOWER GROWTH in China may send a “significant shock” to the Philippines and other Asian countries by causing a decline in investments and business confidence, according to Moody’s Investors Service.

UNDP zeroes in on human development to-do’s for PHL

THE PHILIPPINES should focus on critical areas of human development such as climate-resilient infrastructure and education to help boost its recovery from the coronavirus disease 2019 (COVID-19) pandemic, a United Nations Development Programme (UNDP) official said.

Entrepreneurial CEO

AT A YOUNG AGE, Mica F. Tan already knew what she wanted to become — a businesswoman. Seeing her mother go about her jewelry business, the young Ms. Tan knew she could do the same. So she spent her time selling little treats at the hospital where her father, an oncologist, would do his rounds.

Peso sinks ahead of Fed decision

THE PESO weakened versus the dollar on Wednesday on expectations of another aggressive rate hike from the US Federal Reserve.

Stocks rise on improved manufacturing activity

PHILIPPINE SHARES rose on Wednesday on improved manufacturing activity last month and as strong earnings of listed companies continued to boost market sentiment.

Hotels hit 60-80% occupancy; full recovery expected in 2024

HOTEL OCCUPANCY levels are currently between 60 and 80%, and are expected to return to pre-pandemic levels starting 2024, an industry executive said.

Fishing industry warns gov’t not to use storm as pretext for imports

THE AQUACULTURE industry said the government should not us the recent storm as a pretext to authorize fish imports, saying that the domestic supply of fish is stable despite the damage inflicted by Tropical Storm Paeng (international name: Nalgae).