The Department of Finance (DOF) called on thrift banks to ramp up their digital transformation initiatives. Finance Secretary Benjamin E. Diokno said the administration recognizes the role digital technologies play in unlocking economic potential, productivity, and competitiveness in the 21st...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said they support the proposal to ban Philippine Offshore Gaming Operators (POGOs) in the country, stressing legitimate investments are encouraged over those that "promote negative externalities to society." NEDA...
The National Economic and Development Authority (NEDA) said it will discuss with President Marcos other ways to reduce the rising prices of rice instead of using a price cap. In a briefing on Thursday, Sept. 21, NEDA Secretary Arsenio M. Balisacan said the rice price ceilings imposed by the...
President Marcos has certified as urgent the bill that would protect farmers and fisherfolk from unscrupulous traders and importers amid rising prices and shortages of agricultural products due to what he called "nefarious acts." File photos/Malacañang Marcos signed the letter to Senate...
Quezon 1st district Rep. Wilfrido Mark Enverga (Contributed photo) Individuals found to have committed agricultural smuggling will be meted the penalty of life imprisonment under a measure approved Wednesday, Sept. 20 by the House Committee on Agriculture and...
The Department of Finance (DOF) reported that the Marcos administration's overseas roadshows have led to investment pledges exceeding P2 trillion. In a statement, the DOF said the government has secured a total of P2.2 trillion in investment commitments from various countries following the...
With successive cost spikes already running on its 11th week, the consumers’ drive to the gasoline stations will mimic another episode akin to squeezing blood from stone as petroleum prices will incur hefty increases next week, based on the calculation of the oil companies. According to the...
The Sandiganbayan has denied the motion of former National Economic Development Authority (NEDA) regional director Jose Romeo C. Escandor to render community service instead of serving the six-month imprisonment imposed on him for sexual harassment in 2013. Despite the denial, however, the...
Figaro Coffee Group Inc. (FCG) is now aiming to go global by exporting Philippine coffee products after a subsidiary received its certification from the Philippine Economic Zone Authority (PEZA). In a disclosure to the Philippine Stock Exchange, the firm said Figaro Innovation and Development Inc....
ILOILO CITY – The Iloilo Grains Retailers, Traders, Millers, and Rice Importers Association has urged lawmakers to reconsider the provision on hoarding as stipulated in Senate Bill No. 2432 or the proposed Anti-Agricultural Economic Sabotage Act. A RICE retailer in Iloilo City. (Tara Yap)...
President Marcos said the Philippines had shifted its focus from post-pandemic recovery to transforming its economy, which involves increasing production and investment. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this during his talk at the 10th Asia Summit hosted...
The Philippine government will prioritize looking for investments in digital transformation and clean energy. In an economic briefing in Dubai, Budget Secretary Amenah F. Pangandaman said that digital transformation will improve public service delivery and reduce the cost of doing business in the...
