The National Economic and Development Authority (NEDA) said it is crucial to ease the inflation rates, particularly the rice prices, in the coming months to achieve the government's growth target. NEDA Secretary Arsenio M. Balisacan told reporters that the goal of keeping the inflation within...
The local stock market rose as it appears that the conflict between Israel and Iran has been doused, causing oil prices to drop. The main index added 62.72 points or 0.97 percent to close at 6,506.80 with the Industrial counter leading the advance across the board. Volume firmed up to 554 million...
The National Economic and Development Authority (NEDA) has expressed its support for the Department of Agriculture’s proposal to extend the Rice Competitiveness Enhancement Fund (RCEF). “NEDA is looking at that issue. There are pros, there are cons. I would like to think that keeping the RCEF...
The local stock market was flat as investors preferred to wait for cues instead before engaging in bargain hunting. The main index added just 1.08 points or 0.02 percent to close at 6,444.08 as sectoral indices were equally split. Volume fell to 564 million shares worth P3.63 billion as gainers...
State think tank Philippine Institute for Development Studies said that more incentives should be given to agricultural extension workers (AEW) to motivate them to reach farmers in far-flung areas. During an online webinar, PIDS Supervising Research Specialist Ivory Myka R. Galang noted that AEWs...
The National Economic and Development Authority (NEDA) said the government is planning to allocate P200 million for innovative projects and programs next year. NEDA Undersecretary Rosemarie G. Edillon told reporters that it will propose to double the budget for projects that support enterprises...
Repower Energy Development Corp. (REDC) said it plan to construct the country's first seawater pump storage hydropower facility in Real, Quezon after being granted a Hydropower Service Contract from the Department of Energy (DOE). In a disclosure to the Philippine Stock Exchange, the subsidiary of...
Senators on Monday, April 22, urged the Department of Transportation (DOTr) to plan well its idea of adding another motorcycle lane in EDSA. Senate Public Services Committee Chair Sen. Grace Poe said that while the intention to decongest EDSA is understandable, she's curious as to how the agency...
The Department of Finance (DOF) has warned that the government’s slow implementation of digitalization amid the rapid growth of e-commerce could result in significant revenue loss. In a statement, the DOF said that Finance Secretary Ralph G. Recto is now seeking additional funding from the...
The local stock market gave up the previous day’s gains and fell again on news that Israel has struck back at Iran, further escalating the situation in the Middle East. The main index lost 80.19 points or 1.23 percent to close at 6,443.00 with the Property sector losing the most while Miners...
Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian led the launch of the reformatted educational assistance initiative called “Tara, Basa! Tutoring Program” in Samar province on April 19. Gatchalian said the reading tutorial program is important to help eradicate...
The local stock market added to the previous day’s gains as bargain hunters were emboldened by the support the PSEi found at the 6,400 level. The main index rose by 73.15 points or 1.13 percent to close at 6,523.19 with the Services sector leading the advance while Miners retreated. Volume grew...
