Total approved foreign investment pledges

Source BusinessWorld

The United States Centers for Disease Control and Prevention (CDC) has classified the Philippines as “high risk” due to rising COVID-19 cases, even as the Department of Health (DOH) pointed out that severe and critical cases in the country remained low...

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The leadership of the House of Representatives is confident of the September 30 deadline that they have set in approving the proposed economic recovery budget for 2023...

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Approved foreign investment pledges more than doubled in the second quarter from a year ago, as the Philippine economy continued to reopen amid looser mobility curbs...

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Less than a week before classes begin, the Department of Education (DepEd) revealed that the number of enrolled learners for the school year (SY) 2022-2023 has climbed to 21,272,820 on Tuesday, Aug. 16...

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A House committee has approved a bill postponing the barangay and Sangguniang Kabataan (SK) elections scheduled for December by another year, a move seen to cost the government an extra P5 billion if the measure is enacted into law...

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The govenment will update the implementing rules and regulations of the Build-Operate -Transfer Law is slated for an overhaul to improve the investment climate and attract more private investors Public-Private Partnerships project, Finance Secretary Benjamin Diokno said...

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The Department of Finance (DOF) proposed before the Senate the passage of key legislative measures to accelerate the country’s economic recovery and improve local government finance...

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The Department of Trade and Industry (DTI) has approved price increases ranging from 3.29 percent to 10 percent for 67 basic necessities and prime commodities (BNPCs) in its latest suggested retail price (SRP) list...

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The National Government is reviewing plans to devolve some of its functions to local government units (LGUs) amid questions about the exact mandate of LGUs under the Local Government Code, Finance Secretary Benjamin E. Diokno said, while warning that local governments can expect a smaller share of national taxes next year because of the pandemic...

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Speaker Martin G. Romualdez has been forging tighter coordination with Malacañang and the Senate to prevent even a single presidential veto of bills to be approved by the 19th Congress, leaders of the House of Representatives said Monday...

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The government plans to amend the implementing rules and regulations of the Build-Operate-Transfer Law to improve the investment climate and attract more private investors in infrastructure projects, Finance Secretary Benjamin Diokno said Tuesday...

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The Supreme Court (SC) on Tuesday, Aug. 16, directed the Land Transportation Office (LTO) and at least five local government units (LGUs) in Metro Manila to comment on the petition filed by four transport groups against the alleged unconstitutionality of the no-contract apprehension policy (NCAP)...

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The lockdowns imposed by the country’s trade partners caused more damage to the country’s external trade performance than the local lockdowns imposed by the national government, according to a study by World Bank economists...

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A Myanmar junta court jailed Aung San Suu Kyi for six years for corruption on Monday, a source close to the case said, taking the ousted leader's prison time to 17 years...

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The Department of Transportation (DoTr) considers China’s official development assistance (ODA) to be the “best option” for funding three major railway projects, an official said on Tuesday...

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The Department of Foreign Affairs which initiated talks with its Malaysian counterpart on the original $25 billion claim of the Sulu Sultanate before it reached the international arbitral court and not the Office of the Solicitor General would be the proper agency to handle the Sabah case...

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The Philippines and France are eyeing to extend cooperation over a wide range of economic and social initiatives, such as agriculture and climate change, according to the Department of Finance...

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The United Nations welcomed on Monday, Aug. 15, the appointment of President Ferdinand Marcos Jr. of the new members of the Bangsamoro Transition Authority (BTA) last Aug. 12...

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The World Health Organization, which is looking to rename monkeypox, called Tuesday for help from the public in coming up with a less stigmatizing designation for the fast-spreading disease...

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China's recent decision to fire missiles over Taiwan is a "gorilla in the room" that has to be contested, a top United States military commander said on Tuesday...

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Sri Lanka will not extend a state of emergency imposed to control anti-government protests as the situation in the impoverished nation has "stabilized", the president's office said Tuesday...

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Ukraine's nuclear operator Energoatom on Tuesday reported what it called an "unprecedented" cyberattack on its website, but said its operations had not been disrupted...

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Britain has launched a scheme to extend tariff cuts to hundreds of products, such as clothes and food, from developing countries, part of London’s post-Brexit efforts to set up systems to replace those run by the European Union...

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The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies, the bloc’s ambassador to Pacific Island nations said on Tuesday...

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A recent Kaspersky study revealed that 67 percent of businesses in Southeast Asia (SEA) were victimized by a ransomware attack, with only 5 percent having either internals incident response capabilities or a regular information technology (IT) team or service provider to figure out a ransomware attack...

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European gas prices are the main reason why 10 of 32 Ukrainian sugar refineries will not start up when the new production year begins on September 1, producers say...

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A UN-chartered vessel laden with grain set off from Ukraine for Africa on Tuesday following a deal to relieve a global food crisis, the ministry in charge of shipments said...

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Oil prices dropped anew on Tuesday after below-par United States and Chinese economic data reinforced recession expectations, while equities were mixed as traders debate whether the data would allow central banks to temper their interest rate hikes...

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The first possible case of human-to-dog transmission of monkeypox — recently reported in two men and their pet in Paris — had been a theoretical risk up till now, said Dr. Rosamund Lewis, technical lead on the monkeypox response for the World Health Organization...
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A hallmark of the ongoing monkeypox outbreak is that most cases have been linked to sexual activity, and this has prompted some debate around whether to describe the illness as a sexually transmitted disease...

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Inflation, supply chain problems and ongoing COVID-19 lockdowns in China are among the factors conspiring to delay a full recovery in business travel to its pre-pandemic level, according to an industry forecast released Monday...
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Various sugar industry groups were unanimous—before the “unauthorized” importation fiasco blew up last week—in proposing for a second round of sugar importation program to salvage a dwindling local supply and arrest rising prices...

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The new management of the embattled Procurement Service-Department of Budget and Management (PS-DBM) suspended its procurement of non-common use supplies and equipment “until further notice,” more than a week after the issue of its procurement of supposedly “pricey” and “outdated” laptops for public school teachers arose...

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President Ferdinand R. Marcos, Jr. is looking into the possibility of allowing food manufacturers to directly import sugar amid tight domestic supply and high prices...

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Despite the president’s protectionist pronouncements, the Marcos administration will likely continue to pursue economic liberalization, analysts said...

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Sugar Regulatory Administration (SRA) Administrator Hermenegildo Serafica has resigned from his post after a controversial order to import 300,000 metric tons of sugar was made to avert a supposedly looming shortage in the country...

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President Ferdinand "Bongbong" Marcos Jr. has assured the country's food manufacturers that the government is exerting efforts to temper the rise of sugar prices to keep their businesses running and maintain job security...

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Congress will investigate the much-criticized No Contact Apprehension Program (NCAP) even if the Supreme Court grants a petition from four transport groups to suspend the program, which uses video surveillance and digital cameras to capture and penalize traffic violations...

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The Department of Education (DepEd) said on Tuesday that it would no longer extend the enrollment period in public schools, which will end on Aug 22, or on the first day of classes...

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The Department of Budget and Management (DBM) has released P1.4 billion in funding to extend the free bus rides along the EDSA Carousel until December, as students will start returning to school next week for the resumption of face-to-face classes...

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Testimonies from college students who were supposed to benefit from the Unified Student Financial Assistance System for Tertiary Education (UniFAST) have affirmed the alleged irregularities in the release of close to P7 billion in funds earmarked for the government’s student assistance program, Sen. Risa Hontiveros said on Tuesday...

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Go Negosyo founder Joey Concepcion said on Tuesday that the country should stock up on antiviral medicine to live successfully with COVID-19...

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Officials of the House of Representatives want to improve Malacaang-Senate collaboration as this will help prevent the President’s vetoes...

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Quezon City Fourth District Rep. Marvin Rillo has filed a resolution directing three committees of the House of Representatives to probe the controversial no-contact apprehension policy (NCAP) implemented in five Metro Manila cities amid a growing number of complaints from motorists...

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The Department of Health (DOH) on Tuesday said it has already set aside funds for new types of COVID-19 vaccines made to fight against other more transmissible variants, once they have been made available for the general population...

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The Department of Finance (DOF) said the Marcos administration would push for a new mining fiscal regime to increase public tax revenues and promote transparency...

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The Department of Health on Tuesday said that COVID-19 vaccines from the COVAX Facility set to replace expiring ones are expected to be delivered by December this year...

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The Department of Health on Wednesday warned the public against complacency as the number of COVID-19 cases in the country seemed to be plateauing...

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The Rice Tariffication Act (RTA) was signed in 2019 to reduce the price of rice and supposedly help farmers who would be hurt by the removal of quantitative restrictions on imported rice...

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The Department of Health (DOH) on Tuesday said that all areas in the country are seeing a plateau in COVID-19 cases...

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The head of the congressional committee looking into the sugar importation mess believes pressure from several industries led a former official to sign the unauthorized order on behalf of President Ferdinand "Bongbong" Marcos Jr...

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President Marcos’ chief economic manager on Tuesday pitched to senators a lineup of pending legislation forming part of the administration’s wish list to return the Philippine economy to a robust growth path...

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Despite a borrowing spree to buy vaccines and booster as well as fund programs and projects to rise from the pandemic, the Philippines won’t go the same route as Sri Lanka, which defaulted on its debt, President Marcos’ chief economic manager said Tuesday...

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The Philippines will continue its borrowing program at over P2 trillion, at least in the short term, according to the Bureau of the Treasury...

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The makers of the country’s three leading brands of carbonated drinks confirmed on Tuesday that they were experiencing a shortage of premium refined sugar, a day after industry associations asked the government to immediately address the issue...

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The local stock market climbed anew yesterday amid improving investor sentiment...

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Upcoming foreign-led investments in the Philippines that sought tax perks from the government rose 105 percent year-on-year to P46.23 billion in the second quarter, the Philippine Statistics Authority (PSA) reported Tuesday...

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Tax collection from Philippine offshore gaming operators (Pogos) declined during the first quarter of 2022, which is at P1.55 billion, the Bureau of Internal Revenue (BIR) reported...

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Airfares are expected to go down next month as the Civil Aeronautics Board (CAB) lowered the fuel surcharge that local carriers are allowed to collect...

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In recent months, the country has been experiencing rising prices of goods and services...

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For this week, Susan Rosario has only sold red onions. The situation is the same in markets around Metro Manila like the Balintawak Market in Quezon City due to the near total absence of white onions...

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Retail price growth of construction materials in the National Capital Region (NCR) was 6.8% in the first half, the highest level in 13 years, the Philippine Statistics Authority (PSA) said...

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Gig workers in the Philippines “face low pay and dangerous conditions,” according to a report that ranked nine of the most popular digital labor platforms in the country...

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