Construction value in Feb up despite fewer projects
DESPITE the decline in the number of construction projects nationwide, the peso value of these projects soared in February 2024, according to the Philippine Statistics Authority (PSA).
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DESPITE the decline in the number of construction projects nationwide, the peso value of these projects soared in February 2024, according to the Philippine Statistics Authority (PSA).
HOUSE Committee on Ways and Means Chairman Joey Sarte Salceda on Sunday welcomed the recent issuance by President Ferdinand R. Marcos Jr. of an Administrative Order (AO) he expects would alleviate the burden of high food prices on Filipino consumers and provide much-needed support to the domestic agricultural sector.
A vice chairman of the House Committee on Appropriations is calling for the prompt release of the government’s P2.5-billion fuel cash subsidy to public transport drivers in response to recent hikes in gasoline and diesel prices.
DESPITE evidence that Information Communication Technology (ICT) and electronic-government (IEG) development has ushered financial inclusion, the impact could just as easily head south if inequality persists.
DEVELOPING countries, such as the Philippines, tend to rely on financial assistance from international and multilateral financial institutions to fund their programs and projects through loans.
THE construction of critical transmission projects was completed in recent months. However, the Luzon and Visayas grids experienced rotating power outages early this week due to over 30 power plants either being shut down or operating at limited capacity.
DOMESTIC tourists, destination management companies, even lawmakers, have long been complaining about the high cost of going on vacation here in the country, so much so that many now prefer traveling abroad where P20,000 can buy them airfare, a three-day/two-night stay and tours.
Oil wiped out an earlier sharp jump as Iranian media appeared to downplay the impact of Israeli strikes that followed last weekend’s unprecedented bombardment by Tehran.
Oil wiped out an earlier sharp jump as Iranian media appeared to downplay the impact of Israeli strikes that followed last weekend’s unprecedented bombardment by Tehran.
Israel launched a retaliatory strike on Iran less than a week after Tehran’s rocket and drone barrage, according to two US officials, but Iranian media appeared to downplay the incident in the hours that followed the initial reports.
APART from recovering from economic scarring of the Covid-19 pandemic, geopolitical tensions and climate change add up to the struggles faced by developing nations that lack assistance from international financial institutions.
IN light of the persistent surge in petroleum prices, a lawmaker has urged the Department of Agriculture (DA) to facilitate the registration of farmers and fishermen in the Registry System for the Basic Sectors in Agriculture (RSBSA) to enable them to benefit from the agency’s fuel subsidy program.
DAVAO CITY—The city government expressed its dismay on the management of the airport here and told the Civil Aviation Authority of the Philippines XI “to act swiftly and improve the facilities and services” at the Davao International Airport.
UNO Bank Inc. is returning the favor to its active users not just once or twice, but thrice.
SPEAKER Ferdinand Martin G. Romualdez on Wednesday highlighted the importance of renewing the Generalized System of Preferences (GSP) program, which expired on December 31, 2020, to further boost trade between the Philippines and the US.
SENATOR Raffy Tulfo pressed for passage of a bill seeking the development of a comprehensive and integrated legislative policy for developing the Philippines’s natural gas sector.
WHILE the Philippine economy is expected to post faster growth this year, the jobless rate is also expected to increase in 2024 and 2025, according to the International Monetary Fund (IMF).
SINGAPORE is eyeing to buy carbon credits from the Philippines as part of its international commitment to mitigate climate change.
ECONOMISTS from the Foundation for Economic Freedom Inc. said it is high time for the Philippines to “try solving the problem” after the country has already spent “100 years of solitude” from Foreign Direct Investments (FDIs).
THE country’s palay harvest likely posted a slight increase in the first quarter due to higher yield, based on the Philippine Statistics Authority’s (PSA) survey of standing crops.
A consumer advocacy group has urged Congress and the national government to guarantee the stability of the electricity supply in Mindanao amid political issues in the area.
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PRESIDENT Ferdinand R. Marcos Jr. said the country’s power supply is set to become more resilient during natural calamities with the launch of the two components of the $34-million “Energy Secure Philippines” initiative of the United States Agency for International Developments (Usaid).
Asian stocks pulled back while European markets opened higher on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money.
THE state’s gross borrowings expanded to P419.973 billion in February this year as the national government sourced its finances through higher domestic borrowings.
THE group of Philippine franchise brands is prodding the government to address the “bottlenecks” within the franchising industry such as the tax incentive framework and stringent requirements for Filipino brands to go international, among others.
A SYSTEM that allows traders to import a certain amount of goods at lower tariffs must be abolished, according to a member of the Monetary Board.
DESPITE the improvement in the country’s employment data, IBON Foundation Inc. said the latest data showed jobs generation remained below target.
PRESIDENT Ferdinand R. Marcos Jr. said the country will be playing a crucial role in promoting regional “infrastructure development and economic ties” when it hosts the sixth Indo-Pacific Business Forum (IBF) next month.
THE National Capital Region (NCR) and the province of Cebu topped the list of regions which received overnight travelers in 2023.
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