Even as revenue-raising general tax amnesty and online gambling tax measures are being studied by the Marcos administration for enactment this year, Fitch Solutions’ unit BMI has maintained its forecast that the government will exceed its widened fiscal deficit of 5.5 percent of economic...
Plans to rehabilitate the Agus-Pulangi hydropower complex are expected to make significant progress within the next three years. On the sidelines of the EJAP Economic Forum 2025, Finance Secretary Ralph Recto told reporters that the rehabilitation of the aging 1,001-megawatt (MW) Agus-Pulangi...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
The Department of Trade and Industry (DTI) has issued new guidelines to strengthen regulations on vape products, cracking down on flavor descriptors that could entice children and reinforcing import policies. The DTI announced in a social media post on Friday, Aug. 8, that it has issued new...
Motorists could see relief at the pump next week, as rising oil supply is set to push fuel prices down. Based on the four-day Mean of Platts Singapore (MOPS) and the foreign exchange average, gasoline may see a potential decline of ₱0.25 to ₱0.60 per liter, while diesel could see a ₱1.25 to...
If there 's someone to blame in the collapse of the P1.2 billion Cabagan-Santa Maria Bridge in Isabela, it 's not the driver of the ill-fated truck that was traversing it, according to some senators. In his privilege speech, Senate President Pro Tempore Jinggoy Estrada had already...
To fully integrate solar energy into government facilities, the Department of Energy (DOE) is seeking a strong partnership with the private sector. Energy Undersecretary Felix Fuentebella stated on Wednesday, Aug. 6, that private institutions are needed to achieve the full installation of solar...
Senator Raffy Tulfo has issued a stern warning to Filipino seafarers aboard ships entering United States (US) territorial waters to exercise extreme caution when using their electronic devices, particularly when accessing or downloading online content. Tulfo reminded seafarers that the U.S....
The value of the country’s agriculture and fisheries output grew by 5.7 percent in the second quarter of the year as crops and poultry production expanded due to favorable weather conditions—a development that augurs well for economic growth. Data from the Philippine Statistics Authority (PSA)...
The local agriculture industry may soon see stronger trade ties with Canada, as its agriculture and agri-food minister expressed confidence in deepening the North American country ’s trade relationship with the Philippines. Despite tariff uncertainties in the United States (US), Heath...
Coupled with an increase in unpaid workers, the number of jobless Filipinos swelled by more than 300,000 to 1.95 million in June from 1.62 million a year ago, with the online gambling sector partly contributing to the pool of unemployed. Preliminary data from the Philippine Statistics Authority...
Following a series of yellow alerts on the Visayas grid, the Department of Energy (DOE) is urging power plant operators to restore their facilities immediately. Energy Secretary Sharon Garin stated on Tuesday, August 5, that she has directed Undersecretary Mario Marasigan to investigate the forced...
