Preference for electronic wallets (e-wallets) is fast catching up with hard cash among Filipinos while credit cards remained low despite long standing presence in the Philippines, according to a new study. The TransUnion inaugural Credit Perception Index (CPI) study seeks to measure Filipino...
Economic ties between the Philippines and the Netherlands are expected to reach new heights as the two countries expressed interest in exploring more areas of cooperation on trade and investment. This came after the recent visit of Department of Trade and Industry (DTI) Secretary Alfredo Pascual to...
Protecting the environment would require from the public a “sense of ownership” and an understanding of its economic benefits, President Ferdinand “Bongbong” Marcos Jr. said on Monday, June 26, during an event to commemorate Philippine Environment Month. President Ferdinand Marcos Jr. speaks...
The privatization of the Ninoy Aquino International Airport (NAIA) may possibly be implemented in the first quarter of 2024, a transport official disclosed on Wednesday, June 7. *(File photo) * Last week, the Department of Transportation (DOTr) and Manila International Airport Authority (MIAA) have...
The Philippine Economic Zone Authority (PEZA) Board has greenlighted 20 new and expansion projects in May worth P14.933 billion, keeping it on track with its conservative 10 percent growth target for the year. PEZA Director General Tereso O. Panga reported that the investment pledges in May brought...
President Ferdinand "Bongbong" Marcos Jr. has approved "crucial" projects and guidelines that will support the attainment of his administration's development goals as outlined in the Philippine Development Plan (PDP) 2023-2028. *President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)* National...
Vice President Sara Duterte on Monday, May 29, hailed the Anti-Red Tape Authority (ARTA) for eliminating “unneccessary regulations” and simplifying procedures that help boost entrepreneurship and investments in the country. Vice President Sara Duterte delivers a video message during the 5th...
Catanduanes State University (CatSU) is establishing two economic zones -- Knowledge, Innovation, Science and Technology (KIST) Park and Agro-Industrial Processing Zone – the first of its kind in the Bicol region with investments of P1.55 billion, the Philippine Economic Zone Authority (PEZA)...
EDITORS DESK The Indo-Pacific Economic Framework for Prosperity (IPEF) hatched by the Biden administration speaks volumes of the US government’s dissatisfaction on the results of trade liberalization implemented by the World Trade Organization (WTO) and even on its own bilateral and regional free...
As Congress goes into a sine die adjournment on June 2 , the bill of Senator Robinhood C. Padilla seeking amendments to the 1987 Constitution, particularly its “restrictive” economic provisions, is practically dead. “Ang malungkot talagang yung apat na PDP-Laban ang sumasangayon dun sa...
ABAC Philippines will spotlight the critical role of micro, small, and medium-sized enterprises (MSMEs) in the global economy, and their relevance in business compliance to the environment, social, and governance (ESG) metrics. This was announced by Asia Pacific Economic Cooperation Business...
Japanese firms urged the Philippine government to speed up the process of approving ecozone proclamation to be able to provide ready to occupy factory sites in light of the increasing number of Japanese firms expanding in the country. Philippine Economic Zone Authority (PEZA) Tereso O. Panga, who...
