Renewable energy ‘at top’ of Marcos Jr. admin’s climate agenda
By President Ferdinand "Bongbong" Marcos Jr. on Monday said developing renewable energy sources was at the top of his administration's climate agenda.In his first State of the Nation Address, Marcos Jr. said the country would rely more on renewable energy."The...
BSP closes Rural Bank of Polomolok
Rural Bank of Polomolok (South Cotabato), Inc. is the eight rural bank to be closed by the Monetary Board of the Bangko Sentral ng Pilipinas this year.
Marcos Jr. considering G2G deals for fertilizers
By President Ferdinand "Bongbong" Marcos Jr. on Monday said he was open to government-to-government (G2G) deals for fertilizers as their prices continue to increase due to high energy costs.Marcos Jr., who also heads the Department of Agriculture (DA), said the...
Controlling inflation is Filipinos’ top concern—Pulse Asia survey
By Inflation is the No. 1 concern that Filipinos want President Ferdinand "Bongbong" Marcos Jr.'s government to address, results of a Pulse Asia survey showed.Pulse Asia's "Ulat ng Bayan" survey conducted from June 24 to 27 with 1,200 respondents found that the most...
Duterte’s decision on proposed 4-day workweek out Monday—Palace
By Malacañang on Thursday said President Rodrigo Duterte would decide on the proposed implementation of a four-day workweek on Monday.The National Economic and Development Authority (NEDA) recommended reducing the workweek to just four days amid rising fuel...
Duterte cites gov’t income in defending non-suspension of e-sabong licenses
By President Rodrigo Duterte on Wednesday came to the defense of e-sabong operations, saying they generate billions of income for a government short in money.In his "Talk to the People" address, Duterte said he made the same justification for Philippine Offshore...
Duterte keeps fuel excise tax; gov’t to give P200 monthly subsidy to 12M Pinoys
By COMMONS PHOTO President Rodrigo Duterte has approved the Department of Finance's (DOF) recommendation to retain the excise tax on fuel amid skyrocketing oil prices in the country. In his "Talk to the People" address, the president chose to grant a P200 monthly cash...
PH’s GDP beats 2021 target, grows 5.6 percent
The Philippine economy grew 5.6 percent in 2021, the year the country started loosening Covid-19 restrictions and began rolling out vaccines.
Former Banco Filipino officials indicted by DOJ
In a statement, state deposit insurer Philippine Deposit Insurance Corporation (PDIC) said the Department of Justice Task force issued a resolution on March 2021 indicting Banco Filipino officials for violations of certain provisions of Republic Act No. 3591, as amended, or the PDIC Charter.
PH unemployment rate down to 6.5%; assistance readied for displaced workers
By The Philippine Statistics Authority (PSA) on Friday reported a 6.5 percent unemployment rate in November 2021, the third-lowest last year. The November unemployment rate was almost a percentage point lower than the 7.4 percent reported in October 2021. The jobless...
Nickel miners spent P698.5M on environment, social dev’t projects in 2020—report
Members of the Philippine Nickel Industry Association (PNIA) invested over P698.5 million on environment and social development projects in 2020, the association said in a report.
4As suspends Gigil over Belo ad
Ad agency Gigil has been suspended as a member of the Association of Accredited Advertising Agencies of the Philippines (4As Philippines) after it released the controversial Belo ad in August.
PH worst among 121 countries in Covid-19 recovery—Nikkei Asia
Good economic outlook despite Delta variant threat—NEDA official
The National Economic and Development Authority (NEDA) was confident of a good economic outlook at the end of July despite the threat of the Covid-19 Delta variant that tightened quarantine protocols in Metro Manila.
Utility tech firm ABB wants Davao to catch up with Manila
Global utility tech company ABB plans to invest in Davao City as it catches up with the nation’s capital city Manila with its “potential in the utility space.”
GAC Motor Philippines chosen as official partner for 2021 PhilCycling National Trials
The Integrated Cycling Federation of the Philippines has chosen GAC Motor Philippines to become the official mobility partner of the 2021 PhilCycling National Trials for Road on July 10 to 11 at Clark Freeport and Special Economic Zone in Pampanga.