Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
Motorists may feel some ease in their pockets next week, as oil prices are likely to get rollbacks Based on the four-day Mean of Platts Singapore (MOPS) trading, diesel prices may either retain their current price or decline by ₱0.30 per liter. Gasoline, on the other hand, has uncertain price...
Japanese cement company Taiheyo Cement Corp. expressed its gratitude to the Department of Trade and Industry (DTI) over its decision to impose provisional safeguard duties on cement imports that were found to be harming the local industry. In February, the DTI imposed duties of ₱400 per metric...
Budget Secretary Amenah F. Pangandaman has approved the creation of 10,000 non-teaching positions to strengthen the education workforce and support the growing operational needs of public schools across the country. Pangandaman confirmed in a statement released Thursday, May 22, that the agency...
Top South Korean companies, including the conglomerate Lotte Group, are planning to invest and expand into the Philippines, with a focus on food service, franchising, and retail modernization. In a statement, the Department of Trade and Industry (DTI) said Secretary Cristina Roque met with...
Every May, National Heritage Month reminds us that culture lives not just in books or museums, but in the walls that have seen history unfold. One of them is the Manila Central Post Office, a neoclassical landmark gutted by fire in May 2023. Two years on, while full restoration is just beginning, a...
The race to renewable energy (RE) integration continues, as the Department of Energy (DOE) has approved five clean energy projects for system impact studies (SIS). These endorsements to the National Grid Corporation of the Philippines (NGCP) will help assess the viability of the power grid to...
Despite a double-digit drop in dividend remittances early this year, the Department of Finance (DOF) remains confident that total collections from government-owned and -controlled corporations (GOCCs) in 2025 will surpass the more than ₱136 billion recorded in 2024. Total dividends collected by...
The Department of Trade and Industry (DTI) has seized nearly ₱130 million worth of uncertified electrical and electronic products last year, as the agency intensified its monitoring against potentially dangerous goods. Based on DTI data, 358,717 goods were confiscated in 2024, with a retail value...
The Department of Agriculture (DA) is expecting retail prices of rice to decline as retailers seek to compete with the government’s ₱20-per-kilo rice program, which is now available across a number of cities and municipalities. DA Assistant Secretary Arnel de Mesa said the agency has received...
The already heavy traffic is anticipated to become even worse as the government rolls out a complete overhaul of Metro Manila’s main thoroughfare around mid-June, according to the Department of Transportation (DOTr). In a chance interview on Tuesday, May 20, Transportation Secretary Vince Dizon...
The Department of Transportation (DOTr) is in the process of finding a new contractor to build the long-awaited common station linking Metro Manila’s railways via a public-private partnership (PPP) scheme, as the agency seeks the station’s opening in 2027. Last week, the DOTr formally issued a...
