Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’...
The 6 th Asian Beach Games has been postponed for the second time due to the pandemic. In a recent statement, the Olympic Council of Asia (OCA) deemed it necessary to move the event following growing concerns over the coronavirus particularly on a potentially more dangerous variant discovered...
President of the Olympic Council of Asia (OCA) Ahmad al-Fahad al-Sabah holds a placard announcing Doha as the host of the 21st Asian Games 2030 during the 39th OCA General Assembly Meeting in Oman's capital Muscat on December 16, 2020. (Photo by Haitham AL-SHUKAIRI / AFP) Doha will host the 2030...
As a result of the government’s decision to regulate the issuance of import permits on rice, the Philippines will now end the year with slightly lower imports of the staple. Despite this, the country is still poised to retain its status as the world’s top rice importer. In its latest report on...
The Philippines and Hungary signed three memorandum of understanding and agreed to push further bilateral economic relations with targeted sectors for cooperation, particularly startups, at the recent Second Session of the Philippine-Hungarian Joint Commission on Economic Cooperation held in Makati...
The Philippines has been advised to push for a more doable sectoral bilateral trade agreement with the US before rolling to a more comprehensive free trade agreement, if not push for a wider US-ASEAN FTA under the new Biden administration. Amb. Michael W. Michalak, senior vice-president and...
Typhoon Ulysses’ damage and losses to the agriculture sector grew to P12.8 billion, from the previously reported P4 billion, due to production losses at farm commodities like rice, corn, high-value crops, among others. This is according to Department of Agriculture (DA) Spokesperson Noel Reyes,...
The Department of Agriculture’s (DA) senate-approved budget for 2021 is P86 billion, which is only 30 percent of the agency’s original budget proposal of P280 billion. In a statement, DA said the senate in a plenary session approved the proposed P85.58-billion budget of the DA, including those...
Fishermen in Bicol region, which was badly hit by Ulysses and Rolly, are worried that if they won’t be able to recover from the recent typhoons fast enough and fix their boats, they will stay hungry until February next year. Lagonoy Gulf Integrated Fisheries and Aquatic Resources Management...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
A large majority (92%) of Filipinos postponed big ticket purchases during this pandemic period and instead spent most of their time socializing with family over social media and online streaming shows, according to a study. Marianne Mendoza, head marketing UPS for Indonesia and...
The APEC Business Advisory Council (ABAC) Philippines has urged the 21-member countries of the Asia Pacific Economic Cooperation to accelerate cooperation leveraging digital technologies to overcome further decline as economies continue to battle the impact of the pandemic. In a recent virtual ABAC...
