The interagency Fiscal Incentives Review Board (FIRB) has allowed registered business enterprises (RBEs) in economic zones and freeports to temporarily adopt work-from-home (WFH) arrangements of up to 90 percent of their workforce, following the declaration of a national energy emergency. In a...
The country’s competition watchdog is intensifying its scrutiny of domestic fuel prices to shield consumers from unwarranted hikes triggered by escalating tensions in the Middle East. In a statement, the Philippine Competition Commission (PCC) said it is monitoring the market behavior of local...
Local stocks finished marginally higher in thin trading on Friday, April 10, as investors balanced optimism from a Wall Street rally against heightened anxiety over upcoming geopolitical negotiations. The Philippine Stock Exchange index (PSEi) edged up 8.30 points, or 0.14 percent, to end the week...
The Philippine Coast Guard (PCG) unveiled a new command center in the Kalayaan Island Group (KIG) on Thursday, April 9, to strengthen the country’s maritime security and sovereignty in the West Philippine Sea (WPS). PCG Commandant, Admiral Ronnie Gil Gavan and Department of Transportation (DOTr)...
Simple solutions tend to go a long way. In keeping with this maxim, Quezon City 5th district Rep. PM Vargas has renewed his call for the immediate passage of the Philippine Bicycle Act, as he cited the urgent need for sustainable transport amid elevated prices of fuel. Under House Bill (HB) No....
The country’s umbrella group of manufacturers and producers is urging the government to provide more support to businesses through subsidies and incentives, as higher operating costs threaten millions of livelihoods. In a statement, the Federation of Philippine Industries (FPI) said the...
Chinese forces fired flares directly at the aircraft of the Philippine Coast Guard (PCG) while it was conducting maritime patrol over the Kalayaan Island Group on Thursday afternoon, April 9. The incident, which happened as the country observes Araw ng Kagitingan or Valor Day, was the latest of the...
The ceasefire-driven rally of Asian currencies, including the Philippine peso, may be short-lived as global oil risks linger, according to Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC). In an April 9 report, OCBC Group Research foreign exchange (FX) strategists Sim Moh Siong and...
On Araw ng Kagitingan or Valor Day, the Philippine Coast Guard (PCG) has activated a district station at the Pagasa Island in a bid to further make its presence felt and assert the country’s sovereignty over the West Philippine Sea. Department of Transportation (DOTr) Secretary Giovanni Z. Lopez...
The Philippine Association of National Advertisers (PANA) is urging the country’s biggest brands to prioritize authenticity and purpose over algorithmic efficiency as artificial intelligence fundamentally reshapes the domestic marketing landscape. Yasmin Mallari, the newly elected PANA...
The jump in the March inflation rate has set the stage for a potential 50-basis-point (bp) rate hike by the Bangko Sentral ng Pilipinas (BSP) during the second quarter, according to global investment banking giant Goldman Sachs. In an April 7 report obtained by Manila Bulletin, Goldman Sachs...
The Philippine Stock Exchange index (PSEi) rallied back to the 6,000 level on Wednesday, April 8, after the United States (US) and Iran agreed to a ceasefire, which led to a drop in oil prices. The main index surged by 132.04 points, or 2.22 percent, to close at 6,089.91. Miners led the charge...
