Source BusinessMirror

More short-term foreign investments left the Philippines than what entered in March, reflecting heightened uncertainty from the Russia-Ukraine war and monetary policy tightening in the United States...

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Be vigilant and get Covid-19 booster shots as the BA.2.12 subvariant of Omicron which just landed is some 2.5 times more transmissible than the original variant, the Department of Health (DoH) said...

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The National Capital Region’s (NCR) economy bounced back last year from a double-digit contraction in 2020, but remained below the national growth rate due to strict lockdowns meant to contain the coronavirus...

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The government plans to borrow P200 billion from domestic sources next month, according to a financing program issued by the Bureau of the Treasury (BTr) on Thursday...

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Previously trailing behind its neighbors when it comes to digitalization, the Philippines has become the top market of digital financial technology (fintech) in Asia, according to a top executive of Alibaba Group’s affiliate company...

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Metro Manila will remain under COVID-19 Alert 1, the least restrictive in the government’s five-tiered alert level system, from May 1 until May 15, Malacañang announced Friday...

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Around 44 persons who came in close contact with the Finnish woman who is the country's first confirmed case of the Omicron subvariant BA.2.12 are being monitored by the Department of Health (DoH)...

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The Fiscal Incentives Review Board (FIRB) said it will continue to require registered business enterprises (RBEs), including information technology–business process management (IT-BPM) firms, to make their employees work onsite...

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Citing the timely enactment of an implementing law embodied in the Electric Vehicle Industry Development Act, Senator Sherwin Gatchalian foresees the Philippines gradually reducing reliance on dollar-draining imported fuel supply...

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President Duterte has signed separate laws designating as protected areas Mount Pulag (Luzon’s highest peak), Mount Arayat in Pampanga, the historic Tirad Pass in Ilocos Sur, and other sites in two other provinces...

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The ban on the deployment of newly hired Filipino workers to Saudi Arabia stays, Labor Secretary Silvestre Bello III said on Thursday despite an order issued by ad interim Migrant Workers Secretary Abdullah Mama-o...

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The Philippines will now recognize the national COVID-19 vaccination certificates of Laos and Rwanda....

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The Department of Trade and Industry (DTI) said the online dispute resolution system will soon go live to improve the handling of consumer complaints...

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For the first time in China, people will be able to get a taxi ride without anyone behind the wheel. Baidu (BIDU) and autonomous driving startup Pony.ai announced Thursday that they had won the country's first permits to provide robotaxi ride-hailing services to the public. The permits do not require an operator to sit in the driver's seat...

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A monitoring group of the European Union has completed the review of the Philippine human rights situation to determine if Philippine products can still be exported duty-free to the world’s largest economic bloc under the Generalized Scheme of Preferences-Plus (GSP+)...

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The US government said the Philippines is one of six leading sources of counterfeit medicines distributed globally, but cited the country for passing laws and enforcing practices to prevent unauthorized camcording...

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The United States will remain a committed partner of the Philippines in its endeavor to use innovation as a key driver of inclusive growth, the US Embassy in Manila said...

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FocusEconomics has slightly cut its 2022 growth forecast for the Philippines to 6.5 percent amid some investor jitters wrought by the coming May 9 presidential elections...

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The crew of fishing boat F/B Gem-Ver 1, which sank after it was rammed by a Chinese vessel at Recto Bank in the West Philippine Sea in June 2019, will receive P6 million in compensation—half of what was originally being asked for by the fishermen and the boat owner, Justice Secretary Menardo Guevarra said Thursday...

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FocusEconomics has slightly cut its 2022 growth forecast for the Philippines to 6.5 percent amid some investor jitters wrought by the coming May 9 presidential elections...

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Fragmentation of the global economy and a retreat from global trade would make countries more vulnerable to production shocks arising from natural disasters and outbreaks of fatal diseases, the head of the World Trade Organization (WTO) said on Wednesday...

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Work safety during the pandemic will require effective collaboration among the government, employers, and labor, the International Labour Organization (ILO) said...

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Indonesia began imposing a complete ban on palm oil exports Thursday, as the world's largest producer of the commodity risked destabilizing a global vegetable oil market already hitting peak prices...

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Russian strikes slammed into central Kyiv on Thursday as UN Secretary General Antonio Guterres was visiting, wounding three in the first such attack on the capital since mid-April, the mayor said...

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Japanese Prime Minister Fumio Kishida sets off on Friday for an extended visit to Southeast Asia, aiming to marshal regional responses to the Ukraine crisis as well as counter China’s growing assertiveness in the region...

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By the year 2300, life in the oceans faces a mass die-off rivaling the great extinctions of Earth's deep past if humanity fails to curb greenhouse gas emissions, a study said Thursday...

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North Korean leader Kim Jong Un called on the country's military to "bolster up their strength in every way to annihilate the enemy", state media reported on Friday, as new satellite imagery showed increased preparations for a possible nuclear test...

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California launched a sweeping investigation Thursday into plastic pollution by major oil companies, in a probe it says will look at whether fossil fuel giants have been lying about the problem for decades...

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Elena Gonzalez’s backyard soup kitchen is a hive of activity, with busy hands chopping and stirring as a cauldron with a bit of chicken and much rice boils over a wood fire in a poor Argentina neighborhood...

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A team of Argentine paleontologists digging in Patagonia have discovered the remains of the largest dinosaur belonging to the raptor family ever recorded...

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Russian revenues from fossil fuel exports to the European Union soared during the first two months of the Ukraine invasion, despite some buyers shunning Russian energy and finding alternative suppliers, a report by the Centre for Research on Energy and Clean Air (CREA) shows...

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Some of Russia's biggest natural gas customers in Europe's are preparing to accept the Kremlin's new payment terms rather than risk being cut off by Moscow, a fate suffered by Poland and Bulgaria this week...

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China is about to embark on a new infrastructure spending spree in a bid to fix an economy nearing breaking point because of Covid lockdowns...

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Moderna is seeking emergency use authorization from the US Food and Drug Administration for its COVID-19 vaccine for children 6 months through 5 years of age, the company said Thursday...

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More than 5.3 million Ukrainians have fled their country since Russia invaded two months ago, the United Nations said Wednesday, with more than 52,000 joining their ranks in the past 24 hours...

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The World Health Organization and the United Nations International Children's Emergency Fund warned of an increased risk of measles spread, with worldwide cases up nearly 80% so far in 2022 compared with 2021...

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The government should bring back mandatory quarantine for travelers arriving in the country to ensure proper surveillance, the head of a medical organization said on Thursday...

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Presidential Adviser for Entrepreneurship Jose Maria "Joey" Concepcion 3rd on Thursday reiterated his call to expand the term "fully vaccinated" to include those who had received booster shots, following the entry of the Omicron subvariant BA.2.12 in the country...

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The National Capital Region moved to low risk category for COVID-19 after its reproduction number slightly increased to 0.71, the OCTA Research said...

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The Bangko Sentral ng Pilipinas (BSP) on Thursday said it has approved sanctions on BDO Unibank, Inc. and UnionBank of the Philippines, Inc. over an online fraud incident involving customer accounts in December...

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The Commission on Elections (Comelec) has granted the petitions of various government agencies that asked the poll body to exempt their projects and programs from the ban on public spending during the 45-day election period...

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The Central Bank reviewed fewer loan proposals from local government units (LGUs) in the second half of 2021, which were mostly meant for infrastructure...

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The “data breach” suffered by election system provider Smartmatic was actually part of a scam hatched by hackers to con unscrupulous politicians into believing they could manipulate the elections...

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The city government of Makati yesterday vowed to protect its “geographical integrity” after the Supreme Court (SC) ruled that the 729-hectare Bonifacio Global City is within the territory of Taguig...

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An additional 193 infections of COVID-19 were recorded by the Department of Health (DOH) on Thursday, as shown in the COVID-19 tracker on its website...

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From alleged vote buying and use of government resources for campaigns, Department of the Interior and Local Government (DILG) Secretary Eduardo Año hopes the Commission on Election (Comelec) resolves complaints on election offenses before May 9...

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All of the country’s regions reverted to economic growth last year, but only four — all in Mindanao, and which were relatively unscathed by surging COVID-19 infections — had outputs exceeding their pre-pandemic levels...

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The conduct of May 9 polls will not be postponed even if there is a potential COVID-19 case surge, Commission on Elections (Comelec) Commissioner Aimee Ferolino said Thursday...

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About 37,000 schools nationwide will be used as polling centers for the May 9, 2022 elections, the Department of Education (DepEd) said on Thursday...

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The Commission on Elections (Comelec) has asked President Rodrigo R. Duterte to declare May 9 as a special non-working holiday to ensure full participation in this year’s national and local elections, according to its chairman...

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Over 500,000 defective and testing ballots will be destroyed on May 7, the Commission on Elections (Comelec) said Thursday...

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The Commission on Elections (Comelec) and the Kapisanan ng mga Brodkaster sa Plipinas (KBP) on Thursday inked an agreement for the conduct of vice presidential and presidential interviews at no cost to the Commission...

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The BA.2.12 sublineage of Omicron is said to be 2.5 times more transmissible, but not more severe than the original variant, the Health Department said Thursday...

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No one among the close contacts of the first Omicron BA.2.12 case were so far found COVID-19 positive, the Health Department reported Thursday...

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The Department of Trade and Industry (DTI) is crafting an executive order that will allow the rechanneling of funds for the third participant of the Comprehensive Automotive Resurgence Strategy (CARS) program to electrical vehicle manufacturing...

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The Department of Environment and Natural Resources (DENR) is moving to fast track the land titling process and put an end to land conflicts and insurgency problems in the Philippines...

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The possibility of postponing the 2022 polls is not on the table, multiple poll officials guaranteed, as the detection of a new Omicron sub-variant in the Philippines puts forward fresh worries over the conduct of the May 9 vote...

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On the day the government ordered business process outsourcing (BPO) firms to report back to the office, the largest of them decided to keep working from home, ready to pay higher taxes than spend more in regular office operations...

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The Philippine economy may grow slower than initially expected this year, as accelerating inflation may hurt consumer spending, an economist said...

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Net "hot money" outflows hit $305.08 million in March, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, the largest in eight months...

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Metro Manila, epicenter of the pandemic and the country’s major economic hub, managed to recover last year, but its growth remains among the slowest in the Philippines as the region suffered repeated lockdowns and surges in COVID cases...

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Philippine stocks slightly rose yesterday after declining for two consecutive sessions, driven by the release of positive corporate earnings, reports...

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The country’s production of palay or unhusked rice is seen to have increased by 0.2 percent, according to the Philippine Statistics Authority (PSA)...

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Retail spaces are seen to make the fastest recovery in the property market due to the reopening of the economy and eased mobility restrictions, according to Colliers Philippines...

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The Philippines could experience power failures during and after the elections on May 9 due to the forced shutdowns of baseload coal power plants, according to a nongovernment group...

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Economic and political experts discussed prospects of the Philippine economy this election year during a virtual forum organized by Security Bank Corp. on Thursday...

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