Organic law ratification just the first step in the path to new Bangsamoro region
THE RATIFICATION of the Bangsamoro Organic Law (BOL) in the core of what would be a new autonomous region in Mindanao is a key step in the peace process as it paves the way for equally major, if not bigger, tasks needed to achieve inclusive, sustained economic development.
Fitch Solutions says Philippines to ‘struggle to reverse its weakening growth momentum’
ECONOMIC GROWTH will likely ease further this year in the face of heightened global trade tensions and “deteriorating” business conditions, Fitch Solutions Macro Research said following the release of disappointing official 2018 data.
Competition watchdog fines Grab P6.5M for ‘deficient’, ‘incorrect’ data
GRAB Philippines (MyTaxi.PH, Inc.) has to pay P6.5 million in fine for submitting “deficient”, “incorrect” data to the Philippine Competition Commission (PCC) as part of the watchdog’s price monitoring.
PCC bares 2019 priorities, probe of auction of ‘major’ state project
THE PHILIPPINE COMPETITION COMMISSION (PCC) on Friday outlined priority sectors for competition analysis this year and said it is investigating suspected irregularities in the auction of the contract for a multimillion-peso government project.
PHL growth slows to 6.2% in 2018
THE PHILIPPINE ECONOMY expanded 6.1% in the fourth quarter at a pace slower than expectations, even as it remained above the six-percent mark, the Philippine Statistics Authority reported yesterday.
Mislatel franchise faces scrutiny
AS THE NEW MAJOR telecommunications player prepares to submit its rollout plans to the government next month, Mindanao Islamic Telephone Company, Inc. (Mislatel) is now facing questions over the validity of its franchise.
Trade tensions to dampen Asia’s prospects
AN EXPORTS SLUMP will likely carry over into 2019 and weigh down prospects for Asian economies, although a “resilient” and robust domestic economy could unlock faster growth for the Philippines, the United Nations (UN) said.
Farm output growth misses 2018 goal
FARM OUTPUT rebounded in the fourth quarter to post a slight expansion, but was not enough to push the full-year growth to reach the government’s target, according to data the Philippine Statistics Authority (PSA) released on Wednesday.
Gov’t keeps 7-8% growth target this year
THE GOVERNMENT will hold on to its 7-8% growth target this year, according to Finance Secretary Carlos G. Dominguez III who noted the Philippines has room to stand resilient despite a slowing global economy.
8 groups eye potential oil exploration areas
THE Department of Energy (DoE) has received proposals from eight entities that are planning to explore areas within the Philippines for their possible petroleum reserves under the country’s new conventional energy contracting round, an official of the agency said.
Global economy slowing but no recession seen
THE GLOBAL ECONOMY is stumbling but not falling over.
Traders to import 1.19M MT of rice
THE National Food Authority (NFA) has 180 applicants from the private sector to import 1.19 million metric tons (MT) of rice under the out-quota scheme as the government prepares to lift a cap on purchases, with its tariffication law for the staple expected to be in force “soon.”