The output of fisheries products slightly increased in the third quarter as it posted a 2.1 percent jump, the Philippine Statistics Authority (PSA) said in a report. Based on the PSA data, fisheries production was posted at 1.012 million metric tons from July to September, up from the 996,320...
Now that the Maharlika Investment Fund (MIF) implementing rules and regulations (IRR) have been revised, President Marcos disclosed on Wednesday, Nov. 15 (US time) that the investment fund will finance “about 80 potential infrastructure projects” in the Philippines. President Ferdinand Marcos...
The Philippine Amusement and Gaming Corp. (Pagcor) said it remitted additional dividends to the Bureau of the Treasury to bolster the government’s budget for various programs. In a statement, Pagcor announced that the government's gaming regulator and operator transferred P5 billion in cash...
The Philippines needs to improve its connectivity and supply chain linkages in a bid to regain its leading role in the region, President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Presidential Communications Office) During the Philippine economic briefing in San...
Philippine Airlines (PAL) and Singapore Airlines (SIA) have recently signed a new codeshare partnership agreement to accommodate more flight options for passengers traveling to and from the Philippines and Singapore, beginning in the fourth quarter of 2023. Through the codesharing agreement, PAL...
The Philippine Stock Exchange (PSE) reported a 19.9 percent growth in net income to P575.65 million in the first nine months of 2023 from the P480.07 million it generated in the same period last year, on account of higher investment income. In an investors’ briefing, PSE Executive Vic President...
The Department of Science and Technology-Philippine Nuclear Research Institute (DOST-PNRI) encouraged junior and senior high school students to participate in the First Philippine Nuclear Science Olympiad (PNSO), which will be held in December. Photo from DOST-PNRI Participants must be below 18...
The National Economic and Development Authority (NEDA) released the Implementing Rules and Regulations (IRR) of Republic Act No. 11927 or the Philippine Digital Workforce Competitiveness Act. The law is mandated to conceptualize and promote policies that would enhance the competitiveness of the...
Lopez Holdings Corporation reported a 27 percent growth in attributable net income to P5.21 billion for the first nine months of 2023 from the P4.12 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the unaudited consolidated...
Approved foreign investment pledges in the third-quarter of the year more than doubled, data from the Philippine Statistics Authority (PSA) showed. Total foreign investment commitments approved by investment promotion agencies (IPAs) increased by 109 percent to P27.3 billion in July to September...
A Philippine Coast Guard vessel is blocked by a China Coast Guard ship while on a resupply mission in Ayungin Shoal on Oct. 4, 2023. (Screenshot courtesy of Office of Senate President Juan Miguel Zubiri) The Philippine Coast Guard (PCG) on Tuesday, Nov. 14, expressed appreciation to the Senate for...
Growth in the bulk prices of general goods slowed in September this year as food price growth eased, the Philippine Statistics Authority (PSA) reported. Based on the PSA data, the General Wholesale Price Index (GWPI) in the country dropped to 4.4 percent from 5.0 percent in August. It is also lower...
