REUTERS THE Philippine Economic Zone Authority (PEZA) said that it is hoping to increase electronics manufacturing services and semiconductor manufacturing services (EMS-SMS) investments in economic zones (ecozones). In a statement on Thursday, PEZA Director General Tereso O. Panga said the investment promotion agency (IPA) plans to increase the share of EMS-SMS, information technology and business […]
THE Tunnel Boring Machine at the Camp Aguinaldo station of the Metro Manila Subway Project in Quezon City on Jan. 16, 2025. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department of Transportation (DoTr) is hoping to award the remaining contract packages of the Metro Manila Subway Station project by the middle of this year. “For the […]
Price hikes approved for 63 commodities – BusinessWorld Online PHOTO BY BERNARD HERMANT THE Department of Trade and Industry said it has approved price increase for 63 commodities, equivalent to 28% of the commodities covered by the suggested retail price bulletin. Trade Secretary Ma. Cristina […]
PHILSTAR FILE PHOTO FINANCE Secretary Ralph G. Recto said that the National Tax Allotment (NTA) for local government units (LGUs) will be the equivalent of 35% of National Government revenue in 2026 when allocations to special-purpose funds are taken into account. “Today they’re getting roughly 32% as we calculated yesterday, and it will go up […]
A man arranges sacks of rice at a storage facility in Marikina City. — PHILIPPINE STAR/WALTER BOLLOZOS THE Department of Agriculture said it lowered the price of 25% broken rice sold by the Rice-for-All program to P38 per kilogram from P40 per kilo. “This price reduction will take effect on Friday (Jan. 17), just ahead […]
PIXABAY THE DEPARTMENT of Finance (DoF) pushed for a single tax rate on Thursday on all types of nicotine and vapor products to ease the collection burden on the Bureau of Internal Revenue (BIR). “It is very hard for the Bureau of Internal Revenue to distinguish which is a freebase and a salt nicotine so […]
PHILIPPINE STAR/MIGUEL DE GUZMAN THE economy’s 2025 expansion is expected to top 6% in 2025, Banco de Oro Unibank Inc. (BDO) said, with the Bank of the Philippine Islands (BPI) giving a 6.3% estimate for gross domestic product. At the 9th Joint Economic Briefing organized by European chambers, BDO Investor Relations Group Senior Vice-President Dante […]
A WORKER cuts metal in a construction area in Binondo, Manila, March 24, 2022. — PHILIPPINE STAR/ RUSSELL PALMA WHOLESALE price growth of construction materials in Metro Manila was flat while retail price growth accelerated in December, the Philippine Statistics Authority (PSA) reported on Thursday. Citing preliminary data, the PSA said the construction materials wholesale […]
PHILIPPINE COAST GUARD PHOTO By Kyle Aristophere T. Atienza, Reporter US PRESIDENT-ELECT Donald J. Trump’s pick for top diplomat urged China to stop “messing around” with the Philippines and Taiwan, saying Washington would keep its focus on the Indo-Pacific region. The US and China could avoid conflicts if the latter would not destabilize the Indo-Pacific […]
VICE-PRESIDENT Sara Duterte-Carpio — PHILIPPINE STAR/ RUSSELL PALMA By Kenneth Christiane L. Basilio, Reporter THE House of Representatives is no longer keen on pursuing impeachment complaints against Vice-President Sara Duterte-Carpio given President Ferdinand R. Marcos, Jr.’s opposition to it, a congressman said on Thursday. The House is also not sure whether it could get a […]