The Philippine government has filed two new diplomatic notes against China in protest against the “continued deployment, lingering presence, and activities of Chinese vessels in Philippine maritime zones,” the Department of Foreign Affairs (DFA) said Friday, April 23. Photos of Chinese vessels...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
Foreign business chambers and exporters groups have urged for the passage of other economic bills pending in Congress to complete the new Republic Act 11534, the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which they said is one of the most important fiscal bills enacted in...
The persistence of African Swine Fever (ASF) did not only affect the Philippines’ hog production. Corn production, too, is now reeling from the impact of the dreaded animal virus. In the latest Global Agricultural Information Network (GAIN) report, US Department of Agriculture's Foreign...
Two foreign banks and one local bank has formally submitted its application to acquire a digital bank license in the Philippines, according to Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier. Fonacier, who heads the BSP’s financial supervision sector, has confirmed that three...
If you are a returning Overseas Filipino Worker (OFW) and has concerns and issues quarantine procedures, the Philippine Coast Guard could certainly help you. This, as the PCG opened to public the One Stop Shop Monitoring and Action Center (OSSMAC) that will be operational for 24 hours. The PCG said...
The water rates of Manila Water Company Inc. will slightly increase in the second quarter of the year, while customers of Maynilad Water Services Inc. will enjoy a small rollback in rates. In a virtual briefing on Thursday, Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Patrick...
The Bureau of Immigration (BI) has reminded foreign nationals registered with it that they have only until March 1 to appear in person before the agency for their 2021 annual report. Bureau of Immigration (BI) (MANILA BULLETIN) BI Commissioner Jaime Morente said the submission of annual report will...
The Duterte administration has borrowed P741.59 billion from foreign creditors last year for the country’s coronavirus response, the Department of Finance (DOF) said. Data from the DOF’s International Finance Group (IFG) showed that the government has contracted a total of $17.06 billion,...
Trade and Industry Secretary Ramon M. Lopez yesterday said the 90 serious investment leads that are expected to come on stream in a year in the country are no longer concerned with restrictive economic provisions. Lopez said this at the House of Representatives 9th Regular Meeting on Constitutional...
The Bangko Sentral ng Pilipinas (BSP) has a net income of P34.51 billion as of end-November 2020, down from same period in 2019 of P40.24 billion. The BSP continued to report net foreign exchange (FX) losses of P5.67 billion, a reversal of the previous year’s P14.46 billion FX net...
The Philippines may still end up importing 600,000 metric tons (MT) of corn next year despite the government’s new policies limiting the issuance of Sanitary and Phytosanitary import clearances (SPS-IC) on the staple as well as feed wheat. In the latest Global Agricultural Information...
