THE National Economic and Development Authority (NEDA) said the contraction in overseas Filipino worker remittances this year could be “much lower” than previously forecast after strong inflows in September.

EXPORTERS need to maximize their trade privileges for goods shipped to the United States due to the prospect of making inroads into the market currently served by Thailand after the kingdom’s tariff perks were suspended, a trade official said.

THE Philippine pavilion for the rescheduled Dubai World Expo is nearly complete, a trade official said.

THE GOVERNMENT needs to focus rice research on rice varieties that can tolerate high temperatures in anticipation of the rise in global temperatures due to climate change, the Philippine Rice Research Institute (PhilRice) said.

A TECHNICAL working group (TWG) organized by the House committee on public works and highways has cleared a consolidated bill proposing to repeal the 43-year-old building code and replace it with one that will ensure that structures are more resistant to calamities.

THE House of Representatives approved on second reading a bill authorizing voluntary employment arrangements for private-sector employees capping their hours at 35 per week.

A DEEPER-THAN-EXPECTED recession in the Philippines will increase the downside risks for the banking industry, S&P Global Ratings said.

THE PESO weakened versus the dollar on Tuesday despite news of progress in vaccine candidates against the coronavirus disease 2019 (COVID-19) and amid bargain hunting in the local stock market.

PHILIPPINE SHARES bounced back on Tuesday to snap a three-day losing skid following positive news on another coronavirus disease 2019 (COVID-19) vaccine candidate.

LAWMAKERS on Tuesday sought an investigation of dam operations in Marikina and Cagayan Valley and logging activities in the Sierra Madre that supposedly caused heavy flooding when Typhoon Vamco hit Luzon last week, killing at least 73 people.

THE DEPARTMENT of Health (DoH) reported 1,148 coronavirus infections on Tuesday, bringing the total to 410,718.

A MEASURE calling for a third package of economic stimulus programs — which would be known as Bayanihan III if passed — has been filed at the House of Representatives.