Tourism service norms for micro businesses set for major upgrade
THE Department of Tourism (DoT) said it is planning to upgrade service standards for micro-sized companies in the industry with the aid of other agencies.
Threat of Sri Lanka-style crisis seen diminishing if gov’t boosts agri output
THE expansion of domestic food production and manufacturing output are expected to steer the Philippines away from falling into a Sri Lanka-type crisis, a bank economist said.
Subsidies to gov’t firms rise 47.82% in June
SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) rose 47.82% year on year to P12.328 billion in June, the Bureau of the Treasury (BTr) reported.
Gov’t urged to review role of gas in energy transition
THE role of gas in the Philippines’ energy transition must be reviewed in light of the unreliability of supply from the Malampaya field and the drastic tightening of the market following the Russian invasion of Ukraine, a think tank said.
Resolution to PEZA leadership row up to Palace now, former head says
CHARITO B. Plaza, the former director-general of the Philippine Economic Zone Authority (PEZA), said the dispute over the agency’s leadership is in the Palace’s hands and promised to abide by its decision.
House buckles down for budget proposal, almost 2,900 bills filed
THE HOUSE of Representatives is ready to work on the national budget, which is expected to be submitted by Malacañang within the month, and 2,877 bills have been filed, Speaker Martin G. Romualdez said on Sunday.
Agricultural output likely shrank in Q2
THE PHILIPPINES’ overall agricultural output likely contracted again in the second quarter, as production was affected by soaring prices of fuel and fertilizer, according to analysts.
Digital tax may be difficult to implement, experts say
THE PHILIPPINE government’s plan to impose taxes on digital transactions may be difficult to implement since it requires the voluntary compliance of foreign companies, experts said.
Stocks extend rally as investors pick up bargains
PHILIPPINE SHARES extended their rally on Thursday on bargain hunting and ahead of the release of July inflation data.
Peso rebounds vs dollar on lower oil prices, PHL stocks’ 3-day rally
THE PESO rebounded against the dollar on Thursday as global oil prices declined and on positive market sentiment as the country’s benchmark stock index rose for the third straight day.
FTA signing with South Korea expected by November — DTI
A FREE trade agreement (FTA) between the Philippines and South Korea is expected to be signed by November, according to the Department of Trade and Industry (DTI).
Revenue bills like digital services VAT lead House priorities
THE House of Representatives will prioritize revenue measures like a 12% value-added tax (VAT) on digital transactions as well as ease of paying taxes programs, a senior legislator said on Thursday.