Senate Committee on Finance chairman Sherwin Gatchalian on Wednesday, October 8 denounced the Department of Public Works and Highways’ (DPWH) farm-to-market road (FMR) projects in 2023 and 2024 for being extremely overpriced. Gatchalian pointed this out during Wednesday’s budget hearing of the...
The Department of Agriculture’s (DA) ongoing audit into farm-to-market roads (FMRs) has now found nine projects in Mindanao that are non-existent, with a combined value of approximately ₱125 million. Following the initial discovery of three “ghost” projects on Monday, Agriculture Secretary...
Amid rainy weather, higher tariffs, and an import ban, the Philippine manufacturing sector slipped back into contraction in September as its purchasing managers’ index (PMI) fell to 49.9, the lowest in six months and only the third decline in more than four years. S&P Global Market Intelligence...
Alleged "ghost" farm-to-market road projects are being looked into, Malacañang said. This after the Department of Agriculture (DA) stumbled upon substandard and non-existent farm-to-market road projects across two provinces in Mindanao. Palace Press Officer and Communications Undersecretary Claire...
The Philippine employment rate dipped to 94.7 percent in July 2025 amid the entry of 1.7 million new workers into the labor force, the Department of Labor and Employment (DOLE) said on Wednesday, Sept. 10. The July Labor Force Survey showed the unemployment rate rose to 5.3 percent from 4.7...
CEBU CITY – Danao City is building what could be the most modern public market in the Central Visayas region. The Danao City Smart Public Market is already 40 percent complete and is on track for its target completion in the fourth quarter of 2026. Danao City Mayor Ramon “Nito” Durano III...
The Philippine Electricity Market Corporation (PEMC) said that the power grid in country has significantly stabilized a year after the Reserve Market’s return, with red and yellow alerts now a rarity. In a statement on Thursday, Sept. 4, PEMC reported that red and yellow alerts have been reduced...
Unplanned and scheduled power plant shutdowns caused a significant spike in prices on the Wholesale Electricity Spot Market (WESM) in August, according to the Independent Electricity Market Operator of the Philippines (IEMOP). In a briefing on Wednesday, Sept. 3, IEMOP reported that the average...
Tax measures enacted during the Marcos Jr. administration are expected to raise a net amount of ₱27.8 billion in 2026, more than seven times the projected collections of only ₱3.8 billion in 2025. The Bureau of Internal Revenue (BIR), the main tax agency, is projected to collect ₱21.4 billion...
'Tis the season for planned and unexpected power plant outages, as the Independent Electricity Market Operator of the Philippines (IEMOP) reported a three-percent spike in the system average price of the Wholesale Electricity Spot Market (WESM). In a briefing on Wednesday, Aug. 6, IEMOP head...
Department of Tourism (DOT) Secretary Christina Garcia-Frasco is pursuing a multifaceted tourism strategy that bridges cultural exchange and commercial collaboration by engaging India’s business, aviation, and creative industries during her official visit. She is part of President Ferdinand R....
Yuchengco-led PetroGreen Energy Corp. (PGEC) is set to commence commercial operations at its San Jose Solar Power Plant (SJSPP) in Nueva Ecija on Aug. 1, following approvals from the Energy Regulatory Commission (ERC) and the Independent Electricity Market Operator of the Philippines (IEMOP). PGEC...
