House panel approves bill setting up atomic commission
THE HOUSE Committee on Appropriations approved a measure that will establish a Philippine Atomic Regulatory Commission (PARC).
EV regulation bill clears three committees in House
A BILL proposing to regulate electric vehicles (EV) hurdled three House committees on Wednesday.
Philippines remains in recession as GDP shrinks 4.2% in Q1
THE PHILIPPINE economy contracted more than expected in the first quarter, extending the recession to five straight quarters as the pandemic dragged on, data from the Philippine Statistics Authority (PSA) showed on Tuesday.
Duterte OK’s measures to boost local pork supply
PRESIDENT Rodrigo R. Duterte has approved measures seeking to boost the supply of pork in the country as the domestic hog industry struggles amid the African Swine Fever (ASF) outbreak.
April car sales recover from slump a year ago
VEHICLE SALES surged in April from the extremely low base a year ago when Luzon was placed under the strictest form of lockdown, according to industry data.
PBCom’s net profit nearly halved in Q1
PHILIPPINE BANK of Communications’ (PBCom) net income dropped by 42% in the first quarter on lower earnings from its core business and net losses from trading activities.
Peso rises on sluggish import prospects after weak Q1 GDP data
THE PESO strengthened versus the greenback on Tuesday despite data showing the economy continued to contract in the first quarter.
PSEi inches up on bargain hunting after GDP drop
PHILIPPINE shares went up on Tuesday on last-minute bargain hunting following the market’s decline as data showed the economy contracted worse than expected in the first quarter.
Tugade sees major progress in privatization of Bohol-Panglao
TRANSPORTATION Secretary Arthur P. Tugade said Tuesday he hopes to see significant progress in the privatization of the Bohol-Panglao International Airport and the Davao International Airport by June and July, respectively.
UNDP extends Philippine renewable energy program
THE United Nations Development Programme (UNDP) has extended the Development for Renewable Energy Applications Mainstreaming and Market Sustainability (DREAMS) program to January 2023, the Department of Energy (DoE) said.
PHL COVID-19 response package lags region
FISCAL and monetary measures implemented by the Philippines last year in response to the pandemic lagged the packages rolled out elsewhere in the region, the Asian Development Bank (ADB) said in a report Monday.
Philippines detects Indian coronavirus variant
PHILIPPINE health authorities on Tuesday said a least two people have tested positive for the coronavirus variant first detected in India, a day after the World Health Organization (WHO) classified it as a variant of concern.