January NCR retail price growth nears 2-year low
Retail price growth in the National Capital Region (NCR) eased to its slowest pace in 23 months in January as food prices eased, the...
LANDBANK, DBP may be allowed to list shares
THE Department of Finance (DoF) said it is drafting bills to amend the charters of the two major state-owned banks, including provisions that will allow them to list shares.
Power supply seen as adequate despite El Niño
THE Department of Energy (DoE) said on Thursday that the power supply remains adequate even with El Niño putting pressure on hydropower generation.
“There is...
DENR agrees to simpler ECCs for offshore wind
THE Department of Environment and Natural Resources (DENR) has agreed to simplify the process for issuing environmental clearance certificates (ECCs) to offshore wind projects,...
BoI backs CARS-like incentives within CREATE
THE Board of Investments (BoI) is seeking the inclusion of incentives similar to those of CARS (Comprehensive Automotive Resurgence Strategy) to be embedded within...
Palay farmgate prices up by 41% in January
THE farmgate price of palay, or unmilled rice, rose 41.4% year on year to an average of P25.08 per kilogram in January, according to...
Chamber says enforceability of contracts, fair competition key to boosting economy
THE Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) said reforms that ensure the sanctity of contracts and fair competition will...
Building permit approvals fall 10.9% in Q4
APPROVED building permits fell 10.9% year on year in the fourth quarter as high interest rates dampened construction activity, the Philippine Statistics Authority said.
Building...
DBM bats for direct procurement from suppliers deemed ‘reliable’
THE Department of Budget and Management’s (DBM) Procurement Service (PS) is proposing two new methods to streamline government procurement, including the direct purchase of...
Recto calls on dev’t banks to keep poor countries from lagging further
DEVELOPMENT BANKS and institutions must ramp up their assistance to poor countries, calling current programs “no longer sufficient,” Finance Secretary Ralph G. Recto said.
“We...
Maharlika studying foreign JVs to build rural telecom towers
THE Maharlika Investment Corp. (MIC) said it is studying the potential of joint ventures (JVs) with foreign investors to build telecommunications towers in rural...
African Swine Fever still present in 15 provinces
THE Bureau of Animal Industry (BAI) said 15 provinces still have active cases of African Swine Fever (ASF).
The BAI reported that the most number...