More than three decades after the country embarked on a devolution agenda, a new Philippine Institute for Development Studies (PIDS) study raised critical issues in local government spending, particularly in light of the 2019 Mandanas ruling. According to PIDS, the Madanas ruling, which...
The local construction industry grew in October, driven by a surge in residential construction and investments in non-residential projects, while average construction costs decreased. The Philippine Statistics Authority (PSA) reported that the construction sector continued its upward trajectory in...
FOR THURSDAY ISSUE The Philippines' banana exports to South Korea will enjoy zero tariffs over the next five years, following the bilateral free trade agreement (FTA) taking effect in January next year. Department of Trade and Industry (DTI) Secretary Maria Cristina A. Roque said at a press...
Department of Education (DepEd) Secretary Sonny Angara called on education stakeholders to collaborate in advancing transformative reforms aimed at empowering Filipino learners. (DepEd / MB VIsual Content Group) In a statement issued on Tuesday, Dec. 24, DepEd said Angara made the call during DepEd...
Bicol Saro Partylist Representative Brian Raymund Yamsuan is now pushing for a measure that seeks to grant cash incentives of up to P1 million to film makers, literary writers and other performers in the creative sector who will win major awards in international competitions. In filing House...
Defense Secretary Gilberto Teodoro defended on Tuesday, Dec. 24, the decision of the Philippine government to acquire mid-range missile assets as part of the territorial defense plan for the country. In a statement, Teodoro also emphasized that any deployment of U.S. mid-range missile assets...
Santa Claus finally paid the local stock market a visit, sparking off some recovery on the last trading day before Christmas. The main index surged by 128.53 points or 2.01 percent to close at 6,534.91 with the Industrial sector leading the rally across the board. Volume was thin at 713 million...
Philippine Air Force (PAF) and Philippine Army (PA) troops unload boxes of relief supplies for residents affected by recent typhoons in Sta. Margarita, Baggao, Cagayan on Nov. 15, 2024. (Photo: PAF) The Philippine Army (PA) and Philippine Air Force (PAF) expressed gratitude to the Filipino people...
Regulators have given the green light to an alliance between a trio of Philippine energy giants, granting them control over the integrated liquefied natural gas (LNG) project in Batangas province. The Philippine Competition Commission (PCC) announced on Monday. Dec. 23, it approved a joint...
While critical sectors face budget cuts, economists expressed concerns over the Marcos administration’s budget priorities, citing inflated discretionary allocations in the 2025 budgets for the House of Representatives and the Department of Public Works and Highways (DPWH). The Philippine...
While the Philippine peso could fall beyond the 60:$1 level when US President-elect Donald J. Trump returns to the White House in 2025, economic growth is expected to benefit from election-related spending next year, according to Singapore-based United Overseas Bank (UOB). "Worries about Trump's...
Investor sentiment in the local stock market is expected to remain bearish this week due to prospects of fewer rate cuts in 2025, a weakening peso, and concerns related to the government’s budget for next year. "The local market is turning more bearish as it extended its decline last week," said...
