Source : BusinessWorld

Headline inflation likely accelerated in March due to higher oil prices, economists polled by The Manila Times said...

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The Philippines opened its borders to all fully vaccinated foreigners to all countries last Friday, a development that spurred a request for new visa issuance guidelines by the Department of Foreign Affairs...

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During the second round of the Comelec Presidential Debates on Sunday night, presidential bets were asked: "Ang korapsyon ba ay dulot ng kahinaan ng tao o kahinaan ng sistema?" (Is corruption caused by the weaknesses of people or the weakness of the system?) They were given one minute and thirty seconds to answer the question...

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Interior Secretary Eduardo Año wants the entire country under COVID-19 Alert Level 1 to boost the economy. Año on Monday said that with several areas still under Alert Level 2, the economy’s growth would not be maximized...

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The list of sectors qualified for tax perks under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law is now complete and will be submitted to President Duterte for his approval next week, a leader of the House of Representatives said at the weekend...

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The Central Bank is allowing trust corporations that are part of a bigger group to perform an internal audit, either by itself or through a central unit of its parent...

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All government agencies, including Malacanang, that will fail to comply with the mandated “energy savings” policy under the Government Energy Management Program (GEMP) of the Energy Efficiency and Conservation Act will be slapped with penalties, according to the Department of Energy...

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The presidential bets who took part in the second debate organized by the Commission on Elections on Sunday raised the need to have a law addressing the issue of turncoatism...

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In partnership with the Philippine Department of Education (DepEd), Microsoft has recently launched a pilot of the mobile version of Minecraft: Education Edition exclusively in the Philippines, providing 23 million Filipino students early access to an expanded learning experience in school, at home or in any remote learning environment...

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Massive interest in the Philippines was generated at the recent International Mediterranean Tourism Market (IMTM) in Tel Aviv, with Israeli tourists keen on beach adventures and nature trips...

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The United States Department of Agriculture Foreign Agricultural Service in Manila (USDA-FAS Manila) urged American poultry exporters to coordinate with Philippine importers as the Bureau of Animal Industry (BAI), sans formal announcement, has suspended issuance of import permits for territories with bird flu outbreaks...

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The United States has deployed its state-of-the-art air and missile defense system to the Philippines for the first time as part of an annual joint war games and a major display of American force...

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The Association of Southeast Asian Nations (ASEAN) will not be able to decide in a consensus vote whether or not to take a stand against China for its incursions and militarization of some islands in the West Philippine Sea...

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The Department of Public Works and Highways (DPWH) is seeking World Bank funding to bankroll roughly $50 million in infrastructure projects for the Province of Sulu in the Bangsamoro Autonomous Region for Muslim Mindanao (BARMM)...

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The Philippines has condemned North Korea’s “reckless and provocative” intercontinental ballistic missile test last week...

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As the COVID-19 pandemic continued to worsen the learning loss of children globally, emerging data from the United Nations Children’s Fund (Unicef) found that many children have dropped out as classrooms reopened for in-person classes...

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Efforts to make the transportation sector more safe and inclusive need to be accelerated as women remain “overlooked” in this sector, according to experts from the Asian Development Bank (ADB)...

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US arms manufacturers are not cashing in directly from the thousands of missiles, drones and other weapons being sent to Ukraine, but they do stand to profit big-time over the long run by supplying countries eager to boost their defenses against Russia...

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Ukraine and Western nations on Sunday accused Russian troops of war crimes after the discovery of mass graves and "executed" civilians near Kyiv, prompting vows of action at the International Criminal Court...

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Ukrainian President Volodymyr Zelensky accused Russia on Sunday of committing genocide in his country, as Western leaders condemned images emerging of dead Ukrainian civilians in a town abandoned by Russian forces outside the capital, Kyiv...

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Germany's defense minister said on Sunday that the European Union must discuss banning the import of Russian gas after Ukrainian and European officials accused Russian forces of committing atrocities near Kyiv...

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Ukraine claims it has regained control of the Kyiv region, with Russian troops retreating from around the capital and Chernigiv city, as evidence emerged of possible civilian killings in areas the invading forces have been occupying...

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Explosions rocked the strategic Ukrainian port city of Odessa on Sunday, as a top UN official headed to Moscow to try to secure a "humanitarian ceasefire" and after evidence emerged of possible civilian killings around Kyiv...

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Thailand has recorded its first case of Omicron XE, Public Health Commission vice-chairman Chalermchai Boonyaleephan said on Saturday. The case was recorded by the Centre for Medical Genomics, Ramathibodi Hospital...

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The American College of Cardiology, the American Heart Association and the Heart Failure Society of America released new guidelines Friday that add a fourth class of medication to the recommended treatment plan for people who have a condition called heart failure with reduced ejection fraction...

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Cases of index crimes, particularly theft, have increased since Metro Manila and several areas nationwide de-escalated to Alert Level 1 classification for COVID-19, the Department of the Interior and Local Government (DILG) reported yesterday...

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The Department of Environment and Natural Resources (DENR) has signed a five-year agreement with the Government Service Insurance System (GSIS) and three private firms for the rehabilitation of the Upper Marikina River Basin Protected Landscape (UMRBPL)...

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Election Commissioner George Garcia wants the Commission on Elections (Comelec) to go after those who question the integrity of the coming May 9 general elections...

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The Commission on Elections (Comelec) ruled out the possibility it will reprint any of the over-67 million ballots to be used for the 2022 polls despite the pending appeal of some party-list groups before the Supreme Court (SC) to be still included in the said election paraphernalia...

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Senate Minority Leader Franklin M. Drilon raised the alarm over the weekend over the Executive’s allegedly “callous disregard for taxpayers’ money in buying 27 million doses of Covid-19 vaccines now in danger of expiring.”..

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The consumer advocacy group Laban Konsyumer, Inc. urged the Energy Regulatory Commission (ERC) over the weekend to investigate the recent unplanned outages of several power plants and to protect consumers from the impact of high world oil prices...

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Around 78,000 persons with disabilities (PWD) and senior citizens benefited from the Department of Labor and Employment’s (DOLE) programs last year...

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Pre-election survey re­sults for the May 2022 polls released by Pulse Asia (PA) may have undersampled young voters and oversampled older vot­ers in their survey, according to a retired government statistician...

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The government will continue its targeted special vaccination days in April to ramp up inoculation against COVID-19 in areas and regions where coverage is low...

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Presidential candidates, except the late dictator’s son Ferdinand “Bongbong” Marcos, discussed Sunday how they plan to address the climate crisis during the second Commission on Elections-sponsored debate...

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The Philippines is increasing its production of cut flowers as the Department of Agriculture (DA) has included ornamentals in the list of the priority crops of the government’s high value crops development program (HVCDP)...

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Razon-led Wawa JVCo Inc., a subsidiary of Prime Infrastructure Holdings Inc., has officially received the Free, Prior, and Informed Consent (FPIC) by the Dumagat/Remontado Indigenous Peoples (IP) of Antipolo and Montalban for its Upper Wawa Dam last month. It is the second phase of the Wawa Bulk Water Supply Project...

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Coronavirus cases continue their decline in the Philippines, with nationwide infections averaging 364 cases per day. That’s 24% lower than the previous week. Meanwhile, roughly 16% of COVID-19-dedicated hospital beds are currently filled...

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National government agencies underutilized their budgets more in the first two months of 2022 compared to what they did a year ago, according to figures released over the weekend by the Department of Budget and Management (DBM)...

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Electricity demand in Luzon is expected to peak at 12,300 mega­watts (MW) in May, according to the Independent Electricity Market Operator of the Philippines (IEMOP)...

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More investments are expected to enter the country after the May election as investors await the new administration, according to the top Philippine Economic Zone Authority (PEZA) official...

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Philippine shares are heading into another volatile week as investors anticipate the release of the March inflation data, which is expected to reflect price surges due to Russia’s invasion of Ukraine...

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Long-term stability and certainty through government support is critical in facilitating the development of the nascent offshore wind sector across the globe, according to the latest report of Norway-based international accredited registrar and classification society DNV...

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Yields on government securities on offer this week are expected to increase further in anticipation of rate hikes by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP)...

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Expect another choppy stock trading this week, as global markets react to developments in the war in Eastern Europe, particularly its underlying impact on oil and commodities prices...

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The Philippines may not be able to reach its economic targets for 2022 as the Ukraine-Russia crisis significantly impact commodity prices and hinder recovery...

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The recovery in smartphone sales in the Philippines may be affected as consumers become increasingly price sensitive amid the spike in prices of basic commodities, analysts said...

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The Bangko Sentral ng Pilipinas (BSP) reported that the country's international investment position (IIP) was $27.6 billion in net external liabilities at the end of last year...

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The Department of Finance (DoF) on Saturday called for continued support for the pandemic containment effort to ensure that the economy’s growth is sustained...

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Following the increase in mobility and the effective implementation of health and safety protocols that led to reduced Covid-19 cases lately, the Philippines is back on the path of a strong economic recovery as manufacturing output climbed 53.2 percent in March 2022, again outperforming its Association of Southeast Asian Nations (ASEAN) neighbors...

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The Department of Trade and Industry said over the weekend the economic recovery is now in full swing, as a leading gauge of manufacturing output climbed to 53.2 in March, the highest in three years and the best in Southeast Asia, following greater mobility and effective implementation of health and safety protocols...

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There were more inflows of short-term investments into the Philippines than outflows in February, resulting in a net inflow of $274 million that ballooned from $14.6 million in January, according to the Bangko Sentral ng Pilipinas (BSP)...

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Philippine shares followed the region lower on Friday as ongoing geopolitical tensions weighed on sentiments ahead of the weekend...

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Investment pledges under the Philippine Economic Zone Authority (Peza) and Board of Investments (BOI) plummeted by 90.4 percent as of February, reaching only P12.82 billion from P133.24 billion in the same two-month period in 2021...

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The country’s chicken inventory climbed by 1.2 percent as of January this year with increases recorded in almost all types of poultry...

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