The Philippine Statistics Authority (PSA) said the estimated palay production may decline in the third quarter, while corn output is expected to increase. Based on the PSA’s latest production estimates for the July to September 2024 quarter palay production is expected to fall by 12 percent to...
The Department of Trade and Industry (DTI) stated that the imposition of value-added tax (VAT) on digital service providers (DSPs) will promote healthy competition in the local market. In a statement on Wednesday, Oct. 16, DTI Secretary Cristina A. Roque said that this measure levels the playing...
The local stock market surged on expectations of another rate cut by the Monetary Board later this week. The main index rallied by 129.90 points or 1.77 percent to close at 7,456.31 as the Property sector led the charge although Miners declined due to lower gold prices. Volume was higher at 553...
Philippine Army (PA) and Australian Army personnel stand at attention during the opening ceremony of the Philippine Army-Australian Army Exercise (PAAAE) Kasangga 2024-2 at Camp Elias Angeles in Pili, Camarines Sur on Oct. 14, 2024. (Photo: PA) The Philippine Army (PA) partnered with counterparts...
State-run Philippine National Oil Company (PNOC) plans to install solar photovoltaic (PV) systems in select government offices, aligning with the government's push for energy efficiency and conservation. During a Senate budget hearing on Tuesday, Oct. 15, Arnel Corona, budget manager of PNOC...
USS Philippine Sea (Wikipedia) Cagayan de Oro City 2nd District Rep. Rufus Rodriguez has asked the United States (US) to donate a soon-to-be decommissioned warship so that the Philippine government may repurpose it for deployment to the...
By Derco Rosal The Philippine Statistics Authority (PSA) reported that rice and corn stocks continued to decline in September this year due to storm damage and lower global prices. In September, rice stock levels dropped by 11.2 percent compared to the previous month, which recorded 1.87...
The Philippines' below-goal and slowing near-term economic growth would be unlikely to gain from China's massive stimulus due to meager exports to the mainland, according to Deutsche Bank Research. Deutsche Bank's global macro forecasts released on Tuesday, Oct. 15, showed projected gross domestic...
DND Sec. Gilberto Teodoro Jr. The Philippines is eager to hold dialogues with China to finalize a regional code of conduct in the South China Sea (SCS), Department of National Defense (DND) Secretary Gilberto Teodoro Jr. said. Teodoro, however, expressed doubts on the sincerity of Beijing to...
Lopez-led First Philippine Industrial Park (FPIP) has entered into a strategic partnership with Converge Information and Communications Technology Solutions Inc. (Converge) to deliver connectivity solutions to the industrial park's 600-hectare hub. First Philippine Holdings (FPH) Chairman and CEO...
Japanese tech firm Spectee Inc.'s artificial intelligence (AI)-powered crisis management information system is expected to enhance disaster response in the Philippines, according to the Japan International Cooperation Agency (JICA). In a statement, JICA Philippines said its senior representative...
The Board of Investments (BOI) and the Korea Trade-Investment Promotion Agency (KOTRA) have formalized their partnership to strengthen bilateral trade and investment ties between Manila and Seoul. In a Memorandum of Understanding (MOU) signed on Oct. 7, 2024, the two agencies committed to jointly...
