A YOUNG woman makes inaul, the traditional Maguindanawan woven cloth, in this 2018 photo. — SARANGANI PROVINCIAL GOVERNMENT By Justine Irish D. Tabile, Reporter THE PHILIPPINES could revive its textile industry by establishing a niche in “tropical fabrics,” the Board of Investments (BoI) said. BoI Executive Director for Industry Development Services Ma. Corazon H. Dichosa […]
Image by Andy Choinski from Pixabay THE Civil Aviation Authority of the Philippines (CAAP) said it will focus on hardware upgrades to its communications, navigation, surveillance and air traffic management (CNS/ATM) systems this year. “For 2024, … we completed the software upgrade. What we want to happen now is to complete the hardware upgrade,” CAAP […]
PHILSTAR FILE PHOTO BUSINESS GROUPS have renewed their call for the Senate to pass the Konektadong Pinoy bill before the 19th Congress steps down, after President Ferdinand R. Marcos, Jr. certified the bill as urgent. “Versions of the Konektadong Pinoy bill, or the proposed Open Access in Data Transmission Act, have passed on third reading […]
THE Philippine Economic Zone Authority (PEZA) said semiconductor industry investors are considered strong candidates for being classified into the top tier of fiscal-incentive recipients. “For strategic, high-value and high-tech semiconductor manufacturing and services-related activities, the government may consider granting outright Tier 3 incentives — instead of the usual Tier 1 or Tier 2,” PEZA Director-General […]
THE Bases Conversion and Development Authority (BCDA) said it tapped Science Park of the Philippines, Inc. (SPPI) to develop a P30-billion industrial park in New Clark City. The BCDA on Thursday signed a 50-year lease agreement with SPPI on Jan. 23. The park is expected to create 30,000 new jobs and generate P1.9 billion in […]
BW FILE PHOTO THE PESO appreciated against the dollar on Thursday as players took positions before the release of US gross domestic product (GDP) data overnight. The local unit closed at P58.28 per dollar on Thursday, strengthening by 14.5 centavos from its P58.425 finish on Tuesday, Bankers Association of the Philippines data showed. The peso […]
BW FILE PHOTO THE BENCHMARK stock index dropped on Thursday to move closer to bear territory after Philippine economic growth in 2024 missed the government’s target for a second straight year and with the US Federal Reserve signaling a cautious stance amid inflation risks. The Philippine Stock Exchange index (PSEi) fell by 0.74% or 45.81 […]
PRESIDENT FERDINAND R. MARCOS, JR. — PCO.GOV.PH PHILIPPINE President Ferdinand R. Marcos, Jr. on Thursday said he plans to meet with US President Donald J. Trump to discuss various issues including immigration, in an effort to influence policy that he said could affect a large number of Filipinos in the US. “We will see how […]
PHOTO SHOWS workers at a construction site in Quezon City on Thursday. The House labor committee has approved a bill for a P200 across-the-board daily wage hike. — PHILIPPINE STAR/NOEL B. PABALATE By Kenneth Christiane L. Basilio, Chloe Mari A. Hufana and John Victor D. Ordoñez, Reporters A HOUSE of Representatives committee on Thursday approved […]
APEXMINES.COM A PHILIPPINE senator on Thursday said a proposed export ban on raw ores would boost the country’s mineral processing capacity, responding to the Chamber of Mines of the Philippines’ concerns about potential mine closures and joblessness. Senator Joseph Victor “JV” G. Ejercito told a news briefing the ban under a Senate-approved priority bill that […]