MULTILATERAL development banks (MDBs) must ramp up financing efforts to address risks to growth and enhance sustainable development, Finance Secretary Benjamin E. Diokno said. “The COVID-19 pandemic and its aftermath…
Category:
Economy
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THE Civil Aeronautics Board (CAB) said the airline passenger and cargo fuel surcharge will be unchanged for October. The surcharge covers domestic and international flights, the CAB said in an…
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THE Board of Investments (BoI) said that a Guangdong-based electronics company, Shenzhen Grandsun, is set to open two more factories in the Philippines by the end of 2025. In a…
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TWENTY-FOUR PROJECTS were signed between companies and local government units (LGUs) from China’s Fujian province and the Philippines with a total contract value of 42.62 billion yuan (P331.87 billion). The…
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THE National Irrigation Administration (NIA) said it is set to direct a major portion of its expanded budget for next year to solar-powered irrigation projects. “This additional budget will be…
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PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday called the rice supply adequate as he distributed seized grain to cash transfer beneficiaries, issuing a warning to smugglers and hoarders of his…
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THE US Department of Agriculture (USDA) said it downgraded its forecast for Philippine rice production due to damage to the crop from multiple typhoons. In a report prepared by the…
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THE National Food Authority (NFA) has implemented a new system for setting its purchasing price for palay or unmilled rice, the Department of Agriculture (DA) said. In a statement issued…
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Foreign investors consider the Philippines a preferred destination in Southeast Asia for offshore manufacturing due to low labor costs, the large and young labor pool, high English proficiency, and fiscal…
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THE Anti-Red Tape Authority (ARTA) said that the newly launched implementing rules and regulations (IRR) of Executive Order No. 32 (EO 32), which streamlines the permit process for telecommunications infrastructure,…