A combination of lack of infrastructure, concerns about crime, plus escalating tensions with China are hindering the recovery of the Philippines' tourism sector, according to the Economist Intelligence Unit (EIU). The domestic tourism industry's uphill battle to regain its pre-pandemic strength...
With inflation remaining within the government's target range and economic growth slowing, private sector economists expect that the Bangko Sentral ng Pilipinas (BSP) will further reduce its borrowing cost at its Dec. 19 meeting. According to the Bank of the Philippine Islands (BPI) and think tanks...
The entry of products deemed environment-friendly to the Philippines—a net goods importer—faces challenges due to expensive non-tariff barriers, according to the World Bank. "The Philippines' share of green goods trade is relatively low, partly due to the high incidence of non-tariff...
A Philippine Coast Guard (PCG) ship and a China Coast Guard (CCG) vessel sail close to each other in the West Philippine Sea on Aug. 26, 2024. (Courtesy of PCG) The Philippine Coast Guard (PCG) criticized China’s Ministry of Defense for allegedly “bullying” Filipino fishermen in the West...
Vice President Sara Duterte (PPAB) The case of "Mary Grace Piattos" may not be an isolated one after all. This, after the House Committee on Good Government and Public Accountability learned that nearly two-thirds of individuals listed as...
Although the Philippine Health Insurance Corp. (PhilHealth) was "taught a lesson" with its zero-subsidy budget, Senator Pia Cayetano expressed her belief that that the action still violated the law. (Photo from the Office of Senator Pia Cayetano) "So siguro naturuan nga ng leksyon (So perhaps we...
(Courtesy of PCG / Commo. Jay Tarriela) The Philippine Coast Guard (PCG) accused China of intentionally misleading the international community after a supposed China Coast Guard (CCG) vessel was tracked in San Felipe, Zambales even if it was actually in Hong Kong. Concerned residents monitoring...
The local stock market ended the week lower as investor sentiment was weighed down by the decline in US bourses. The main index dropped 24.84 points or 0.37 percent to close at 6,616.51 as Conglomerates fell although sectoral indices were evenly mixed. Volume declined to 1.2 billion shares worth...
The local stock market traded sideways as investors remained cautious even though the US inflation rate was within expectations. The main index shed 1.36 points or 0.02 percent to close at 6,641.35 with the Property sector leading decliners while Conglomerates and Services advanced. Volume was up...
The PhilHealth Benefits Development Planning Protocol has been awarded with the “Continuous Improvement Recognition” during the recently concluded 41st ASEAN Social Security Association (ASSA) meetings. The Benefits Development Planning Protocol was acknowledged for its significant...
To combat the rising theft of electricity distribution facilities, the Manila Electric Company (Meralco) has partnered with the Philippine National Police (PNP) to enhance investigations and prosecutions. In a statement, Meralco said the utility firm and the PNP signed a memorandum of understanding...
The Philippine Chamber of Commerce and Industry awarded nine corporations for the “Country Movers Awards” last Oct. 23, 2024 during the 50th Philippine Business Conference and Expo at the Marriott Grand Ballroom, Pasay City. This special award recognized conglomerates that have undertaken...
