SPENDING on environmental protection declined 8.1% in 2023, the Philippine Statistics Authority (PSA) reported on Tuesday. The PSA’s Compendium of Philippine Environment Statistics (CPES) Component 6 indicated that annual government…
Economy
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MULTILATERAL lenders should make more investments in power and transport infrastructure to meet the United Nations’ sustainable development goals (SDGs), according to the European Investment Bank (EIB). “In the coming…
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CLARK Development Corp. (CDC) said it remitted a record of P1.8 billion in dividends to the National Treasury for 2023. In a statement, the CDC said that the 2023 figure…
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ELECTRICITY spot market prices rose in the first two weeks of March as the margin between supply and demand narrowed, the Independent Electricity Market Operator of the Philippines (IEMOP) said.…
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THE PHILIPPINES imported 886,963.11 metric tons (MT) of milled rice as of March 14, exceeding the first-quarter total for 2023, the Bureau of Plant Industry (BPI) reported. The mid-March shipments…
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PHILIPPINE headline inflation will likely average 3.8% in 2024, with a risk of exceeding the central bank’s 2-4% target this year, according to ANZ Research. “The Philippines is the only…
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THE Department of Science and Technology (DoST) said on Tuesday that the chance of La Niña taking over in June is now seen at 62%, though the effects of El…
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By Justine Irish D. Tabile, Reporter TRADE needs to continue despite tensions with China over disputed waters to the west of the Philippines, a Trade department official said at a…
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THE Board of Investments (BoI) said on Monday that it has invited US, Canadian, and Australian firms to invest in Philippine green metals and mineral processing operations. In a statement,…
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A LEGISLATED wage increase could delay interest rate cuts by the central bank and even force it to raise rates if it results in a price spiral, economists said. “A…