Oct. set as arrival target for fresh fertilizer shipments
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.
PEMC launches commercial operations in renewable market
THE Philippine Electricity Market Corp. (PEMC) said it opened the renewable energy market (REM) to interim commercial operations on Thursday.
ASEAN not in favor of excluding Russia, DFA says
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.
Condos seen as main beneficiary as businesses resume on-site work
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.
PSEi surges as Fed’s 75-bp hike eases uncertainty
STOCKS rose following another 75-basis-point (bp) rate hike from the US Federal Reserve and less hawkish comments from its chief.
Peso sinks further after Fed decision
THE PESO weakened further versus the dollar on Thursday after the US Federal Reserve hiked rates by 75 basis points (bps) for a second straight meeting, as expected.
Cancer control program waiting on 2023 funding prospects
A 2019 law outlining a system for managing cancer treatment is awaiting how much funding it will get in 2023 to ensure its proper implementation, according to the law’s principal author.
Data scientist calls coal power unreliable, backs ‘flexible’ renewables
RENEWABLE ENERGY (RE) plants can be counted on to reliably service power demand more than coal-fired facilities, even though RE is saddled with a reputation for being intermittent because of the variability of solar and wind sources, a data scientist representing the Institute for Climate and Sustainable Cities (ICSC) said on Thursday.
Marcos plans action on ICC drug investigation
PHILIPPINE President Ferdinand R. Marcos, Jr. on Wednesday met with his top legal officials to discuss the government’s next course of action on the International Criminal Court’s (ICC) investigation of his predecessor’s deadly war on drugs.
NG to borrow P215B locally in Aug.
THE NATIONAL GOVERNMENT (NG) plans to borrow P215 billion from the domestic market in August, the Bureau of the Treasury (BTr) said on Wednesday.
DBM reviews phasing of devolution transition
MAJOR INFRASTRUCTURE projects and other big-ticket items should still be under the National Government for now, amid ongoing discussions on what functions and projects should be completely devolved to local government units (LGU), according to Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman.
Peso weakens vs dollar ahead of Fed decision
THE PESO ended weaker versus the dollar on Wednesday on expectations of another aggressive rate hike from the US Federal Reserve.