January 12, 2025
PHL stocks may climb before US inflation reports
PHILIPPINE STAR/KRIZ JOHN ROSALES PHILIPPINE SHARES may rebound this week on bargain hunting as markets await the latest US inflation reports that could affect the pace of the Federal Reserve’s easing cycle. On Friday, the bellwether Philippine Stock Exchange index (PSEi) fell by 0.23% or 15.25 points to close at 6,496.32, while the broader all […]
January 12, 2025
Peso may drop on US jobs data
BW FILE PHOTO THE PESO may stay at the P58 level against the dollar this week as stronger-than-expected US jobs data stoked inflation concerns in the world’s largest economy, pushing back US Federal Reserve rate cut expectations. The local unit closed at P58.36 per dollar on Friday, strengthening by 14 centavos from its P58.50 finish […]
January 12, 2025
Funding snag to delay LRT-2 west extension
PHILIPPINE STAR/MIGUEL DE GUZMAN THE construction of Light Rail Transit Line 2’s (LRT-2) West Extension project suffered another delay due to funding unavailability, according to the Light Rail Transit Authority (LRTA). According to Hernando T. Cabrera, LRTA administrator, no definite construction date has been set for the project as a result, with the rail line […]
January 12, 2025
Visa hurdles seen keeping Chinese tourists away
A passenger wears a mask as she arrives at the Ninoy Aquino International Airport in Pasay City. — REUTERS TOURIST ARRIVALS from China fell short of the 2 million projection last year as the Philippines maintained a visa regime that is stricter than those of its ASEAN neighbors, the Department of Tourism (DoT) said. Citing […]
January 12, 2025
DoLE says measures in place to address upskilling worries
TESDA THE Department of Labor and Employment (DoLE) said it is confident the government’s efforts to address the jobs-skills mismatch will bear fruit, after the World Economic Forum (WEF) urged the Philippines to address critical shortcomings in education and job preparation to unlock the potential of its working-age population. Labor Secretary Bienvenido E. Laguesma said […]
January 12, 2025
DoE forecasts 2025 new capacity at 6,841 MW
THE Department of Energy (DoE) is expecting around 6,841 megawatts (MW) of additional capacity this year from power projects due to start operations. Renewables topped the energy projects set for delivery this year, the DoE said in a report. Other committed capacities are 1,320 MW from gas-fired power plants, 500 MW from coal-fired power plants, […]
January 12, 2025
Passage of stalled tax measures critical to meet revenue collection targets
PHILIPPINE STAR/RUSSELL PALMA By Kenneth Christiane L. Basilio, Reporter LEGISLATORS need to approve pending tax measures before the 19th Congress ends to help the government meet its 2025 revenue collection goals, Revenue Commissioner Romeo D. Lumagui, Jr. said. Measures yet to be passed include an excise tax on single-use plastics, the rationalization of the mining […]
January 12, 2025
ARTA hoping to enroll 200 LGUs in one-stop shop system this year
BW FILE PHOTO THE Anti-Red Tape Authority (ARTA) has set a target of signing up 200 more local government units (LGUs) for the electronic Business One-Stop Shop (eBOSS) system this year. “As of the moment, 112 LGUs are eBOSS compliant, and the target for 2025 is to have an additional 200 LGUs,” ARTA Deputy Director […]
January 12, 2025
ERC proposes voluntary scheme for net metering
ROBERT LINDER-UNSPLASH THE Energy Regulatory Commission (ERC) said it is proposing to make the installation of renewable energy certificate (REC) meters voluntary. This was among the amendments the ERC is proposing to Resolution No. 6, Series of 2019, or the Resolution Adopting the Amendments to the Rules Enabling the Net-Metering Program for Renewable Energy. “The […]
January 12, 2025
Unveiling the opportunities of the CREATE MORE Act
IN BRIEF: • The CREATE MORE Act signals a renewed commitment to fostering a more attractive and competitive environment aimed at attracting more FDI into the economy. • The Act intends to help the country gain a more significant share in the near-shoring activities of manufacturing plants and support the continued growth of the BPO […]
January 12, 2025
China emboldened to occupy EEZs of other countries if unchallenged — PCG
PHILIPPINE COAST GUARD PHOTO THE PHILIPPINE Coast Guard (PCG) on Sunday said China might infringe upon other countries’ exclusive economic zone (EEZs) if its vessel deployments in Philippine waters remain unchallenged. This was after China’s largest coast guard ship returned to the Philippines’ EEZ in the South China Sea and tried to move closer toward […]
January 12, 2025
Economists: Senate and House should prioritize power sector reforms
PHILIPPINE STAR/EDD GUMBAN By John Victor D. Ordoñez and Kyle Aristophere T. Atienza, Reporters CONGRESS should tackle measures that seek to ensure transparency and accountability in power generation via changes to the two-decade-old Electric Power Industry Reform Act (EPIRA) to ensure fair electricity prices for Filipinos amid constant blackouts, economists said at the weekend, as […]
