Economy

THE Department of Agriculture (DA) said in a statement that it will set aside P30.87 billion from its 2024 budget for the National Rice Program. The DA’s overall budget for…

THE Department of Environment and Natural Resources (DENR) said it will take time before the Verde Island Passage is protected by legislation. “We are still a bit far from reaching…

THE Department of Energy (DoE) said the Philippines is on track to hit its target for the increased share of renewable energy (RE) in the power generation mix, to 35%…

THE PHILIPPINES was named one of the top climbers of the decade following the release of the Global Innovation Index (GII) 2023, in which it placed 56th out of 132…

A HOUSE of Representatives think tank has warned of runaway inflation if the government of President Ferdinand R. Marcos, Jr. fails to rein in spending. “Given the present level of…

THE Board of Investments (BoI) said Japanese investors are attracted by the liberalization program underway in the Philippines, but expressed concerns regarding ease of doing business issues. In a statement…

THE Maharlika Investment Corp. (MIC) has received at least eight applications since the candidate search for the sovereign wealth fund began, Budget Secretary Amenah F. Pangandaman told reporters on Wednesday.…

THE Department of Trade and Industry (DTI) said it expects the creative industry to post double-digit growth in the next three years. Rafaelita M. Aldaba, undersecretary for the DTI’s competitiveness…

By Ashley Erika O. Jose, Reporter DEMAND for sustainable aviation fuel (SAF) is expected to grow in the coming years as it becomes cheaper when fuel companies scale up production,…

INITIAL construction work started on Wednesday on a P7.5-billion vaccine manufacturing facility, which would be the Philippines’ first, the Board of Investments (BoI) said. “When we were negotiating the Philippine-Korea…