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...
The National Economic and Development Authority (NEDA) on Tuesday, Sept. 12 said it welcomes potential investors to prioritize projects in Mindanao, particularly in the energy and agricultural sectors. At the Philippine dialogue with investors in Doha, Qatar, NEDA Secretary Arsenio M....
The economic team of President Marcos was caught off guard when the announcement of a price ceiling on rice was made public on Aug. 31, a Cabinet official confirmed. While in Tokyo for meetings with Japanese ministers, Finance Secretary Benjamin E. Diokno disclosed that the economic managers were...
An official from the National Task Force for the West Philippine Sea (NTF-WPS) stressed that China has no authority to conduct law enforcement operations within the Philippines’ exclusive economic zone (EEZ). National Security Council (NSC) Assistant Director General Jonathan Malaya National...
Law enforcement authorities should prioritize all well-known personalities linked to agricultural smuggling once the measure recommending hoarding, profiteering, and cartel as economic sabotage is signed into law. Sen. Joseph Victor “JV” Ejercito pointed this out on Thursday,...
The National Economic and Development Authority (NEDA) called on the need for strategic national investments to promote human and social development in rebuilding a resilient, post-pandemic health sector. NEDA Secretary Arsenio M. Balisacan said on Tuesday, Sept. 5, that there is a need to...
The Bureau of Customs (BOC) and the Philippine Economic Zone Authority (PEZA) signed on Wednesday, Sept. 6, an agreement to strengthen the efficiency and security of trade and economic zone operations in the country. Under the Data Sharing Agreement, PEZA will be granted access to BOC’s...
