Philippines most food insecure in East and Southeast Asia

Source BusinessWorld

A lawmaker has appealed to Congress to restore in the 2023 general appropriations a total of P3.4 billion slashed from the budgets of the University of the Philippines (UP) and the Philippine General Hospital (PGH), both state-run institutions...

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The Department of Finance has clarified that debt burden makes up only around a tenth, not one third, of the proposed 2023 national budget...

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The exit of short-term foreign investments slowed in July, as the Bangko Sentral ng Pilipinas (BSP) continued to tighten monetary policy...

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Japanese investors continue to see the potential of the Philippines as an investment destination, driven by its young and English-speaking workforce, according to an official of the Japan External Trade Organization (JETRO)...

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A recent study by the Philippine Institute for Development Studies (PIDS) found that 40 percent of employed Filipinos have academic credentials beyond what is needed in their jobs, and that these Filipinos were only earning 5 percent more for finishing their studies despite being relatively overeducated for their positions...

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Appearing before the Committee on Constitutional Amendments and Revision of Codes on Thursday, constitution law expert Christian Monsod, former Chief Justice Reynato Puno (via representative) and Center for Excellence in Local Governance Executive Director Jonathan Malaya weighed in on plans to amend the 1987 Constitution,...

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Local business groups are supporting a proposed law that seeks to remove the Philippine Ports Authority’s (PPA) revenue-generating function, saying this “problematic mandate” has led to a steady rise in cargo-handling rates that affected the country’s competitiveness...

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A substitute bill postponing the December 2022 village and youth council elections to 2023 has been approved by the House Committee on Suffrage and Electoral Reforms...

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A neophyte lawmaker on Thursday filed a measure that, if passed, would penalize those who were found to have bullied others in public places like schools, workplaces, or even online...

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The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines on banks’ sustainable investments for the effective management of risks associated with green financing...

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“We consider it as provocative, full of false and groundless accusations and black propaganda against Russia.”...

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Kaspersky on Thursday warned of more cybersecurity attacks against Android and iOS devices, with the notorious Anubis Trojan now targeting smartphones using its banking Trojan with ransomware functionalities...

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The country's big banks will continue to see improved profitability for the rest of the year on better margins following the central bank’s tightening, Fitch Ratings said...

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A crippling drought exacerbated by a record heat wave has spread out across half of China and reached the normally frigid Tibetan Plateau, according to official data released ahead of more searing temperatures on Thursday...

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US Senator Marsha Blackburn landed in Taiwan late Thursday, the fourth visit by an American politician this month and a move bound to rile Beijing, which has staged huge military drills to protest such trips...

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China will focus on creating jobs and promote fiscal, monetary, and industrial policies to stabilize its labor market, Li Zhong, vice minister of the Ministry of Human Resources and Social Security, said on Thursday, August 25...

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The months-old James Webb Space Telescope has added another major scientific discovery to its growing list: detecting for the first time signs of carbon dioxide in the atmosphere of a planet outside our solar system...

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Monkeypox cases fell by a fifth last week as infections in Europe dropped but the outbreak is going through "intense transmission" in the Americas, the World Health Organization said Thursday...

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Many millions of people in the tropics could be exposed to dangerous heat for half the year by 2100 even if humanity manages to meet climate goals, researchers warned Thursday...

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The Philippines should take advantage of the "heightened interest" of the European Union to boost trade with the Philippines, the ambassador of Romania to Manila said...

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Filipino employers called on the government to take the lead in digital transformation, massive upskilling and reskilling of the Filipino workforce, and green jobs creation and preservation, among others...

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Two retired chief justices will join the newly-created advisory panel that will assist the Department of Energy (DOE) on energy law reform and various energy-related legal matters...

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The Philippines must develop a strategic defense industry if it is keen on becoming an economic powerhouse in the region, according to a lawmaker...

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The Department of Trade and Industry (DTI) said it has tightened its surveillance and monitoring activities to ensure compliance among commercial establishments and supermarkets amid rising prices of goods...

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The House Committee on Appropriations will officially begin today, Friday, August 26, the review and scrutiny of the P5.268-trillion proposed national budget for 2023 with a briefing by the Development Budget Coordination Committee (DBCC)...

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The Bureau of Customs (BoC) on Thursday said it exceeded its August collection target by 2.8% even before the month’s end...

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A former education assistant secretary has admitted to committing a mistake by signing as a witness to a hastily prepared agreement with a government procurement agency for the purchase of what turned out to be allegedly overpriced laptops...

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Private hospitals are ready to handle monkeypox cases, a hospital group said yesterday...

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Senator Risa Hontiveros on Thursday tagged the Procurement Service of the Department of Budget and Management as a corruption “breeding ground” during a congressional investigation on the agency’s procurement of allegedly overpriced laptops for the Department of Education.

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The Department of Transportation’s (DOTr) Service Contracting Program (SCP), which makes the government’s “libreng sakay” or free rides initiative possible, doesn’t have any allocated funding under the 2023 National Expenditure Program (NEP)...

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Dr. Rontgene Solante, head of the adult infectious diseases unit of San Lazaro Hospital, said it is not uncommon that a “dual infection” could happen...

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The Philippine Navy, though not exactly famous for being the most modern in the region, continues to nurture the dream of adding submarines to its fleet...

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The Senate Committee on Constitutional Amendments and Revision of Codes on Thursday met for the first time to discuss possible amendments to the 1987 Constitution...

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Teachers’ groups on Wednesday slammed Social Welfare Secretary Erwin Tulfo for his remarks about teachers who might give “favor for certain individuals” in case they would be tapped in the distribution of educational cash assistance...

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The Philippine Statistics Authority (PSA) is confident that it can meet its year-end target of 30.1 million printed national identification cards and 19.9 million digital and printable cards, according to Press Secretary Trixie Cruz-Angeles...

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The Philippines continues to see a rise in mosquito-borne diseases in 2022, as it reports more dengue and chikungunya cases...

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The Marcos administration has allotted an initial P287.95 million as part of its commitment to support former rebels and their families' reintegration into society and nation-building...

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The Rice Trade Liberalization (RTL) law was partly responsible for increasing productivity in the country leading to higher GDP growth, according to the Chairman of the House Committee on Ways and Means...

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To help them cope with high petroleum prices next year, public transport drivers, corn farmers and fisherfolk are expected to receive another P3.5 billion in direct fuel subsidies under the 2023 national budget, a member of the House Committee on Appropriations said on Thursday...

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The sugar industry has been stifled by regulation and excessive protection, whose members were not pushed to improve productivity, a former agriculture official said...

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The government’s tendency to import whenever there’s a shortage in the supply of a basic commodity had stunted the growth of local industries...

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Local stocks followed other emerging markets in Asia higher yesterday as Wall Street and global bourses wait for a highly anticipated speech from the US Federal Reserve chair about interest rates at the end of the week...

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Credit growth in the Philippines is likely to taper off in the second half of the year amid the central bank’s tightening cycle to anchor inflation expectations, according to Fitch Ratings...

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The initial public offering (IPO) market has turned more challenging for the remainder of 2022 amid an era of rising interest rates and intensifying geopolitical uncertainties, but the Philippine Stock Exchange (PSE) has vowed to work even harder to bring more companies to public hands...

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With the “Ber” months signaling the holidays approaching, prices of salt are going up while the prices of sugar are falling, the Department of Trade and Industry said Thursday...

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The Department of Trade and Industry on Thursday assured the public that the country's salt supply is enough, despite the agency approving a price hike for the commodity...

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Hotel executives said on Wednesday that the tourism industry will be among the significant contributors to the economic boost as quarantine restrictions in the Philippines continue to loosen...

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