December 19, 2022
Big banks’ asset growth slows in Q3 2022
Source: BusinessWorld
Big banks post slower asset, loan growth in Q3
Business World, December 19, 2022
Bernadette Therese M. Gadon
The country's biggest banks reported slower annual growth in assets and loans in the third quarter of 2022...
‘Philippines needs lethal defense capabilities in West Philippine Sea’
Philippine Star, December 18, 2022
Sheila Crisostomo
An administration lawmaker proposed yesterday that the Philippines acquire “lethal defense” capabilities as a means to defend the country’s territories, particularly in the West Philippine Sea (WPS)...
Inflation may remain high at 4.8% next year
Philippine Star, December 18, 2022
Lawrence Agcaoili
Inflation may remain elevated next year, staying well above the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to New York-based think tank Global Source Partners Inc...
Consumers more pessimistic in Q4 — BSP
BusinessWorld, December 16, 2022
Keisha B. Ta-asan
Consumer and business sentiment declined in the fourth quarter due to elevated prices of goods, higher interest rates, and a weakening of the peso, according to the Philippine central bank...
Consumers more pessimistic in Q4 — BSP
BusinessWorld, December 16, 2022
Beatriz Marie D. Cruz
The House of Representatives approved on third and final reading the bill creating the Maharlika Investment Fund (MIF), just over two weeks after it was filed by Speaker Ferdinand Martin G. Romualdez...
SC sets plea rules on drug cases
Manila Standard, December 19, 2022
Rey E. Requejo
The Supreme Court has issued new guidelines governing and clarifying plea bargaining in illegal drugs cases, where an accused seeks to plead guilty to a lesser offense in exchange for a lighter penalty...
Marcos extends tariff cuts for 1 year
BusinessWorld, December 19, 2022
Kyle Aristophere T. Atienza
President Ferdinand R. Marcos, Jr. has given the go signal to extend the reduction in tariffs on pork, corn, rice and coal for at least one year, amid supply shortages and high inflation, Malacañang said...
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Feasibility studies for EDSA busway, north rail, Pasig ferry to start in Jan.
BusinessWorld, December 15, 2022
Arjay L. Balinbin
The Transportation department said it hopes to start feasibility studies for the EDSA busway, North Long Haul Inter-Regional Railway (National Capital Region-Ilocos Norte and Cagayan), and the Manila Bay-Pasig River-Laguna Lake Ferry projects in January...
Nearly 800 IT-BPM projects endorsed to BoI
BusinessWorld, December 19, 2022
Revin Mikhael D. Ochave
THE BOARD of Investments (BoI) said 786 information technology and business process management (IT-BPM) projects have been endorsed by the Philippine Economic Zone Authority (PEZA), as part of a registration transfer scheme that would allow companies to fully implement work-from-home (WFH) arrangements and keep their fiscal incentives...
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Draft UN biodiversity deal calls to protect 30% of planet by 2030
Philippine Star, December 19, 2022
Issam Ahmed, Agence France-Presse
Countries gathered at a UN meeting on biodiversity in Montreal were inching closer Sunday to a deal to protect 30 percent of the planet by 2030 and to stump up $30 billion in yearly aid for the developing world to save their ecosystems...
China set to offer compromise to save summit nature accord
Philippine Star, December 18, 2022
Agence France-Presse
China, which chairs a high-stakes UN biodiversity summit in Montreal, is due to present a long-awaited compromise text on Sunday in an attempt to seal the "peace pact with nature" that the planet sorely needs...
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PNP to deploy 30,000 personnel for holiday season
Philippine Star, December 19, 2022
Ralph Edwin Villanueva
To ensure police visibility this holiday season, the Philippine National Police (PNP) yesterday said it would assign almost 30,000 of its personnel as force multipliers...
Baliwag is Bulacan’s fourth city
Philippine Star, December 19, 2022
Ramon Efren Lazaro
Another component city has been added to Bulacan, bringing the total number to four...
PIDS urges use of FTAs to enhance Philippines competitiveness
Philippine Star, December 19, 2022
Louella Desiderio
The government will need to step up efforts to encourage firms to utilize free trade agreements (FTAs) to help them become more competitive, according to state think tank Philippine Institute for Development Studies (PIDS)...
DOH, PNP set for safe revelry this New Year
Manila Standard, December 19, 2022
Willie Casas
The Department of Health (DOH) on Sunday said all hospitals would be on high alert for individuals with injuries and emergencies that may occur during the New Year celebrations...
DOH targets bivalent vaccines by Q1 2023
Manila Standard, December 19, 2022
Willie Casas
The DOH said it is already coordinating with the suppliers for the second-generation COVID-19 vaccines, or bivalent vaccines, that protect individuals from the Omicron variant...
A closer look at the BIR’s clarifications on REEs’ VAT incentives
BusinessWorld, December 19, 2022
Aaron Paul A. Santos
Since Republic Act 11534, otherwise known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, took effect, the Bureau of Internal Revenue (BIR) has released issuances and clarifications to implement the amendments introduced therein...
Agriculture industry lobbies for ‘mandatory’ Maharlika allocation
BusinessWorld, December 18, 2022
Ashley Erika O. Jose
The Agriculture industry said it is hoping to capture as much as 30% of the proposed sovereign wealth fund’s investable capital, saying that the wealth fund will draw away funding from the farm sector...
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Government vows to catch up on 2022 infrastructure spending
Philippine Star, December 19, 2022
Louise Maureen Simeon
The government is bent on meeting this year’s infrastructure spending program even as expenses remain below target as of end-September...
Market awaits positive news to perk up
Philippine Star, December 19, 2022
Iris Gonzales
The 30-company benchmark Philippine Stock Exchange index (PSEi) finished lower week on week, down by 83.62 points or 1.3 percent, to close at 6,496.50 last Friday...
NEDA wants tariff cuts extended for one year
Philippine Star, December 18, 2022
Louella Desiderio
The National Economic and Development Authority (NEDA) is pushing for the extension of the reduced tariffs for pork, corn, rice and coal, at least for another year, as prices remain elevated...
BCDA, Singapore agency promote New Clark City to SME investors
BusinessWorld, December 19, 2022
Revin Mikhael D. Ochave
The Bases Conversion and Development Authority (BCDA) and Enterprise Singapore said they promoted New Clark City to investors from the information and communications technology (ICT) and smart city industries...
DoJ clears power co-ops for tax exemptions without needing to register with regulator
BusinessWorld, December 18, 2022
John Victor D. Ordonez
The Department of Justice (DoJ) said all electric cooperatives may apply for tax exemptions without prior registration with the Cooperative Development Authority...
Cybersecurity as a board priority
BusinessWorld, December 18, 2022
Warren R. Bituin
Cybersecurity came to the forefront of critical concerns when companies had to shift to remote working at the height of the pandemic. Businesses continued to accelerate their transformation to address disruption, but many did not consider cybersecurity as part of the decision-making process...
Marcos pitches young PHL workforce to potential EU investors
BusinessWorld, December 15, 2022
John Victor D. Ordoñez
President Ferdinand R. Marcos, Jr. touted the young, trainable Philippine workforce to European executives, the Palace said...
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