MANILA – The Philippine Chamber of Commerce and Industry (PCCI), the country's largest business organization, fears that the Senate version of the Tax Reform for Acceleration and Inclusion (TRAIN) bill would drag the competitiveness of local businesses. This, after the Senate’s version... Read More
MANILA -- A subsidiary of Metro Pacific Tollways Corp. (MPTC) has awarded the PHP22.6-billion design-and-build contract of the 8.5-kilometer Cebu-Cordova Link Expressway (CCLEX) to Cebu Link Joint Venture (CLJV). Cebu Cordova Link Expressway Corporation (CCLEC), a subsidiary of the toll road... Read More
MANILA -- The Department of Trade and Industry (DTI) launched Monday the #consumerPH, a social media initiative to increase consumer awareness in the country.Through its Consumer Protection and Advocacy Bureau (CPAB), the #consumerPH aims to boost online presence of DTI in social media platforms... Read More
MANILA -- Aboitiz Power Corporation (APC) said Monday its wholly owned subsidiary Aseagas Corporation is pushing through with the shutdown of its 8.8-megawatt biomass power plant in Lian, Batangas to further assess the plant’s technical problems and determine the best thing to do with the... Read More
MANILA -- Smart Communications is expected to complete the installation of more than 4,200 3G and Long Term Evolution (LTE) sites nationwide by yearend, in line with efforts to improve the delivery of mobile services to its subscribers.“Our commitment to the National Telecommunications... Read More
MANILA -- National Electrification Administration (NEA) chief Edgardo Masongsong is concerned that while the proposal to impose a higher excise tax on coal would promote the development of renewable energy (RE) sources, this might become an additional burden for consumers."I believe this will... Read More
MANILA -- The Philippines needs to create an integrated social protection policy to reduce poverty, according to a new World Bank (WB) report.The WB report, titled “Riding the Wave: An East Asian Miracle for the 21st Century,” described the Philippines, along with Indonesia and Cambodia,... Read More
MANILA -- Profit-taking continues to reign over the Philippines equities market and affected anew the local currency.The Philippine Stock Exchange index (PSEi) shed 0.73 percent, or 59.57 points, to 8,084.45 points, which a trader partly attributed to news of higher taxes on coal, based on the... Read More
MANILA -- The Department of Trade and Industry (DTI) has exceeded its target number of Go! Lokal stores to be established this year.Go! Lokal is a public-private partnership program of DTI, wherein the government partners with private stock retailers, mall operators, and vendors to bring quality... Read More
MANILA -- A research note by financial institution DBS forecasts the Philippines’ November 2017 inflation rate to remain flat at 3.5 percent compared to the month-ago level.DBS Group Research, in a study, said upside risks are expected at the near term “given robust domestic demand as... Read More
BATAC CITY, Ilocos Norte -- Tilapia produces more spawn in cool than in warm water. It is then necessary to provide their environment and breeding ponds with shades to enhance fingerling production.This was the recommendation of Dr. Veronica Grande and Prof. Marjorie Ramos, researchers of the... Read More
MANILA -- The country needs to undertake policies to accelerate productivity growth in the long run across all sectors especially in agriculture, which remains a key sector for inclusive growth and poverty alleviation, according to the Philippine Institute for Development Studies (PIDS).PIDS senior... Read More
MANILA -- Retail prices of goods in Metro Manila declined to 2.7 percent in October 2017 from 3.2 percent in the previous month, the Philippine Statistics Authority (PSA) reported.PSA data attributed lower retail prices to the decline in annual growth of food index to 4 percent; crude materials,... Read More
MANILA -- The Bureau of Customs (BOC) posted PHP46.470 billion revenues in November, its highest recorded monthly collection.Customs Commissioner Isidro Lapena reported that five collection districts were able to surpass their monthly targets, namely, ports of Batangas, Davao, Cagayan de Oro, Clark... Read More
MANILA – Listed mass housing developer 8990 Holdings Inc. will introduce to the market next year five projects worth PHP60 billion, to boost its revenue target of PHP14 billion after posting strong growth this year.Company Chief Operating Officer Willie Uy said these projects are located in... Read More
MANILA - - Consumption is seen to remain among the major growth drivers of the Philippine economy and counter the impact of negative developments overseas.In a research, HSBC economist Joseph Incalcaterra said that consumption, which accounts for more than 70 percent of domestic output, continues to... Read More
MANILA -- The Philippines is urging other countries to work together to ensure all sectors benefit from robust economic growth amid industrialization and technological advancements.Socioeconomic Planning Secretary Ernesto Pernia noted that inclusivity requires the provision of greater market access... Read More
MANILA -- The Nikkei Manufacturing PMI (Purchasing Managers’ Index) jumped to 54.8 in November from 53.7 in the previous month, its highest reading for this year, according to IHS Markit’s Philippines In its survey released Friday, the increase in PMI last month was due to solid... Read More
MANILA - -Investors' risk-off sentiment resulted in the continued drop of the Philippines main equities index and the local currency Friday.The Philippine Stocks Exchange index (PSEi) shed 1.33 percent, or 110.01 points, to 8,144.02 points.All the other indices tracked the main index, with the All... Read More
MANILA -- The Philippine Economic Zone Authority (PEZA) is crafting a new policy to boost local small and medium enterprises (SMEs) in the manufacturing sector, its top official told the Philippine News Agency (PNA).“We are now creating new policy. This is for domestic manufacturing... Read More
The Philippine News Agency is a web-based newswire service of the Philippine government under the supervision of the News and Information Bureau (NIB) of the Presidential Communications Office (PCO).