US-based nuclear power energy firm to invest in PH
A leading nuclear energy company from the US has expressed interest in investing in the Philippines, following a meeting with President Ferdinand Ferdinand “Bongbong” Marcos Jr. in Washington.
PDIC reports faster deposit insurance payments in 2022
The Philippine Deposit Insurance Corporation (PDIC) was able to speed up the payment of deposit insurance claims for nine banks ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) in 2022.
Marcos to meet with onion importers, traders, farmers over ‘overpricing’
President Ferdinand “Bongbong” Marcos Jr. has ordered a stakeholders’ meeting for next week to discuss onions being sold at high prices, Malacañang said on Thursday.
Marcos Jr. wants explanation as eggs reach ‘unreasonable’ prices
President Ferdinand “Bongbong” Marcos Jr. on Tuesday said he wanted an explanation as to why egg prices have reached “unreasonable” prices despite sufficient supply.
Gov’t eyes relaxed quarantine, economy reopening by April
Malacañang on Friday said the country could be under relaxed quarantine restrictions by April as the country seeks to reopen its economy."Alam ninyo naman po ang ating classification ay para po sa isang buwan. So I think ang tinitingnan natin ay kung pupuwede na...
PH to reopen economy soon, says Duterte
The reopening could come in “weeks,” said Duterte.
Study: Half of firms want workforce restructuring, only 10% will reward new skills
About half or 47 percent of Filipino companies have prioritized workforce restructuring amid the pandemic, a study has found.In its “Global Talent Trends” 2020-2021 report, professional services firm Mercer found that about a third of companies were also prioritizing...
‘Nag-antay na po tayo’: Lopez says it’s time to reopen economy
Lopez stressed that reopening the economy would not require relaxing health protocols.
Duterte signs Fist bill into law to aid banks amid pandemic
The Fist Act, or Republic Act (RA) 11523, will address the financial sector’s non-performing asset problems, Malacañang said Wednesday.
Higher world prices drive nickel export earnings despite production slowdown in 2020
Despite a slowdown in production due to the pandemic, the Philippine Nickel Industry Association (PNIA) reported an increase in export value in 2020.Citing data from the Mines and Geosciences Bureau (MGB), it said the Philippine nickel sector produced a total of 18.5...
Philippine vaccination rollout, ‘crucial’ to economy reboot-Cebu Chamber
The Cebu Chamber of Commerce and Industry (CCCI) is hopeful the government's vaccination program will help the recovery of the economy.Felix Taguiam, CCCI president, said the chamber was supportive of the vaccination rollout and described it as "crucial" to the...
Lalamove to end food delivery service on Feb. 15
LalaFood said in a statement on Monday that the company will continue to expand its delivery services, some plans are now ongoing in Manila and Pampanga by February 2021.
Wrong to profit from people’s hunger – Pangilinan
Opposition Senator Francis Pangilinan urged the government to act as one and implement the law that protects consumers, especially during emergency situations like the pandemic."Mali ang pagkakitaan ang gutom at pagdurusa ng taumbayan. Kailangang siguruhin ng...
Duterte appoints Ramon Jacinto as adviser for telecommunications
“PA Jacinto has served the Duterte Administration in various capacities… We are therefore confident that PA Jacinto would ably and effectively discharge his duties in this new assignment,” Roque said.
Palace: No notable improvement in telcos’ services since expropriation threat
“So sa tingin ko po wala pa ring malaking improvement—para nga pong wala pang improvement,” Roque said.
As tax base shrinks during pandemic, proposed law seeks to cut revenue sources
The Duterte government is pushing for a bill cutting the corporate income tax in exchange for strict limits to tax perks enjoyed by investors. Economists however warn against eroding the revenue base at a time of a pandemic, when funds are needed the most.