Typhoons cut 2% of Q4 palay harvest
By Jenina P. Ibañez, Reporter
The Agriculture department estimated the palay production loss due to recent typhoons reached 165,000 metric tons (MT), or two percent...
Gov’t urged to lower tariffs on pork imports
Meat importers are asking the government to reduce tariffs on imported pork to stabilize prices in the market.
The Meat Traders and Importers Association...
Senate eyes CREATE, FIST approval before yearend
The Senate will tackle two priority measures, the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill and the Financial Institutions Strategic Transfer (FIST)...
October inflation fastest in 3 months
THE OVERALL year-on-year increase in prices of widely used goods rose to its fastest pace in three months in October, the government reported on Thursday.
Diokno sees economy returning to pre-COVID standing by 2022
THE PHILIPPINE economy might take two years to return to its pre-pandemic level, Bangko Sentral ng Pilipinas Governor (BSP) Benjamin E. Diokno said on Thursday.
Outsourcing sector lost P120B due to lockdown
THE OUTSOURCING SECTOR lost around P120 billion due to missed opportunities and unplanned expenses during the lockdown, an industry group said.
Factory output falls for 7th straight month
THE COUNTRY’S factory output contracted for the seventh straight month in September, the Philippine Statistics Authority (PSA) reported on Thursday.
Exports snap 6-month losing streak
LATEST TRADE growth data showed exports snapped a six-month losing streak in September, while imports declined albeit at a slower pace that same month.
Infrastructure spending continues to fall in Sept.
STATE SPENDING on infrastructure plunged by 40% in September — the third straight month of decline — amid budget cuts and delays in construction activities due to ongoing quarantine restrictions.
Foreign firms told to disclose beneficial ownership
THE Securities and Exchange Commission (SEC) is requiring foreign corporations to disclose beneficial ownership information, as part of the government’s efforts to stop money laundering and terrorist financing.
Capital flows to Philippines seen to recover by 2021
FOREIGN INVESTMENTS into the Philippines may return to pre-pandemic levels by 2021, the Institute of International Finance (IIF) said.
October manufacturing index falls
PHILIPPINE MANUFACTURING data worsened in October as demand remained weak and job cuts persisted amid a coronavirus pandemic, according to a survey by British information provider IHS Markit Ltd.