How minimum wages compare across regions in June

Source BusinessWorld

The Passenger Forum, a transport and commuter advocacy network, cautioned the government against rushing to resume face-to-face (F2F) classes, saying that the current transport crisis will prohibit the success of such an initiative...

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President Ferdinand “Bongbong” Marcos Jr. has identified his priorities for the first few months of his administration — oil prices, in-person classes, food security and the Covid-19 vaccination campaign...

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Seven out of 10. That is the number of Filipinos who cannot afford nutritious food...

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The Bangko Sentral ng Pilipinas (BSP) has room to raise rates without derailing economic recovery, the International Monetary Fund (IMF) said...

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The new growth targets set by President Ferdinand R. Marcos, Jr.’s economic team are achievable if the government will continue to reopen the economy, address its debt burden, and pursue aggressive infrastructure spending...

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The country's current account deficit (CAD) is anticipated to widen this year due to rising commodity prices and import demand, MUFG Bank Ltd. and Fitch Solutions said...

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While high inflation will slightly dampen growth this year, expectations of robust domestic demand outweighing external risks will bolster the Philippine economy in the next six years, President Marcos’ economic managers said...

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In the first five months of the year, the gross financing of the national government has already surpassed the P900-billion mark, according to Bureau of the Treasury data released over the weekend...

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The Marcos administration is sticking with the proposed 2023 national budget approved by former President Duterte, the Department of Budget and Management (DBM) said...

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After more than two years in a fully online learning setup, the University of the Philippines (UP) will finally be shifting to blended learning starting academic year 2022-2023...

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The Tourism Infrastructure and Enterprise Zone Authority (Tieza) is seeking to revise the Tourism Act of 2009 to be able to retain proceeds from the sale of its assets...

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To mitigate the burden of Filipinos in electricity consumption while boosting the country’s energy efficiency, partylist lawmakers are pushing for the passage of “10 power bills,” including the proposed System Loss Limitation Act and amendments to Electric Power Industry Reform Act (Epira) and the Oil Deregulation Act...

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The Bangko Sentral ng Pilipinas (BSP) has released a guidance paper that outlines the conduct of institutional risk assessment (IRA) of central bank-supervised financial institutions or BSFIs...

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Sen. Christopher Lawrence "Bong" Go again pushed for the establishment of the Department of Disaster Resilience (DDR) and the construction of mandatory evacuation centers. Go made the call on Sunday as the country observed National Disaster Resilience Month...

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Albay Second District Rep. Jose Maria Clemente "Joey" Salceda has refiled a bill which seeks to make certain digital services subject to value-added tax (VAT)...

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The government is determined to boost its revenues from the boom in digital or online transactions with an estimated yearly value-added tax (VAT) collection of as much as P13.2 billion from them and P1 billion more from single-use plastic products, which are a major pollutant, according to Finance Secretary Benjamin Diokno...

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The Highway Patrol Group of the Philippine National Police wants to regulate the sale of emergency vehicle sirens and blinkers—known in the vernacular as “wang-wang”—which have, over the years, become symbols of the abuse of power...

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The Philippines’s food and beverage industry sales this year could rise by 6 percent year-on-year to nearly $26 billion, driven by higher consumer demand due to loosened quarantine protocols, an international agency said...

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The United States is committed to treat the Philippines as an "equal and sovereign partner" in promoting peace, prosperity and international law-based order in the region, Foreign Affairs Secretary Enrique Manalo said...

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Finance Secretary Benjamin E. Diokno said the government will consider tapping the Group of Seven’s (G7) Partnership for Global Infrastructure and Investment (PGII) program to support the Philippines’ building efforts...

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The Philippines has submitted its instrument of ratification of a United Nations (UN) convention recognizing the use of electronic communications in trade contracts, the Department of Foreign Affairs (DFA) said in a statement on Friday...

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The United Nations said that micro, small and medium enterprises (MSMEs) can expand their operations while creating new products for new markets as they try to diversify in order to seize various opportunities and survive the pandemic...

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Controversy continues to hound the 2019 Southeast Asian (SEA) Games following the release of a new Commission on Audit (CoA) report warning athletes and sports organizations to liquidate immediately nearly P160 million spent for the preparation, training and hosting of the biennial event hosted by the country...

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Sri Lankan protesters refused to budge from President Gotabaya Rajapaksa's residence on Sunday, a day after they stormed his home, forcing him to flee with the navy and announce he would resign...

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Ruslana Hrytskiv has helped "dozens, maybe hundreds" of refugees since Russia invaded Ukraine, but her task is getting tougher as war fatigue sets in and Europe battles soaring prices and record inflation...

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North Korea fired what appeared to be multiple rocket launchers Sunday, Seoul said, the latest in a series of provocations by the nuclear-armed nation to heighten tensions in the region...

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Polls opened Sunday in Japan's upper house elections, just two days after former prime minister Shinzo Abe was assassinated while on the campaign trail...

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Ruslana Hrytskiv has helped “dozens, maybe hundreds” of refugees since Russia invaded Ukraine, but her task is getting tougher as war fatigue sets in and Europe battles soaring prices and record inflation...

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Hunger and nutrition should become non-negotiables under the Marcos administration, according to local economists...

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To help the country's transition towards normalcy, Go Negosyo founder Jose Maria "Joey" Concepcion 3rd and the Advisory Council of Experts (ACE) have drawn up a list of recommendations that they will submit to President Ferdinand "Bongbong" Marcos Jr...

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Conditional cash transfers to the poorest Filipino families have empowered female beneficiaries, reducing the risk of them becoming victims of domestic violence, the World Bank said...

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The country’s chief economist has urged the Department of Education (DepEd) to facilitate makeup classes for younger schoolchildren as well as training for college students to make up for the two years of subpar learning due to the prolonged COVID-19 pandemic...

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Nearly 500,000 new voters have so far registered for the barangay and Sangguniang Kabataan (SK) elections scheduled on Dec. 5...

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The Technical Education and Skills Development Authority (Tesda) will soon be offering additional foreign language training courses in an aim to advance the competitive edge of Filipino workers...

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The new leadership of the Department of Labor and Employment (DOLE) was prodded by Senator Emmanuel Joel J. Villanueva over the weekend to review and “strictly enforce Occupational Safety and Health Standards” (OSHS) and promptly punish violators “to send a clear signal the Duterte government means business.”...

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Vaccination and stricter adherence to health protocols are key to the successful implementation of face-to-face classes, the Coordinating Council of Private Educational Associations (Cocopea) said last Sunday...

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Time really flies… Fast! This as the Philippine Ports Authority (PPA) celebrates its 48th Founding Anniversary today with the theme “Kaagapay sa Pag-ahon sa hamon ng Panahon.”

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The Department of Public Works and Highways (DPWH) has identified more priority public-private partnership (PPP) projects for implementation, including expressways in Cebu and Central Luzon...

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An unfavorable judgment against the heirs of the late dictator Ferdinand E. Marcos including his son and namesake could lead to a constitutional crisis, political analysts said at the weekend...

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The Embassy of Japan in Manila will open its gates on Monday and Tuesday to allow the public to write their sympathies in a book of condolence for former Japanese Prime Minister Shinzo Abe...

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The Bangko Sentral ng Pilipinas’ (BSP) failure to deliver the required number of identification (ID) cards caused a “ripple effect” that delayed the progress of the Philippine Identification System (PhilSys) project, according to a report of the Commission on Audit (COA)...

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Wearing of face masks would become optional if the government’s booster shot drive against Covid-19 succeeds, President Ferdinand “Bongbong” Marcos Jr. said.

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Earlier last week, Transportation Secretary Jaime Bautista ordered the Philippine Ports Authority (PPA) to reduce shipping and travel costs in his quest to further develop the port industry and enhance benefits from it to shippers and travelers...

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A Social Weather Stations (SWS) survey has found that 46 percent of Filipinos are optimistic that the Philippine economy will improve in the next 12 months...

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Presidential peace adviser Carlito Galvez Jr. will continue in office in a holdover capacity until the end of this year to ensure that there will be no interruption or disruption of the government's peace programs and activities...

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Government must provide aid and fuel subsidy to bread makers in the Philippines, a flour millers group said Monday, amid the rising prices of wheat and other raw materials globally...

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Aklan province has recorded a 26.9% COVID-19 positivity rate on Saturday, while that of the National Capital Region (NCR) further increased to 10.9%, according to independent monitoring group OCTA Research...

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The country’s chief economist has urged the Department of Education (DepEd) to facilitate make-up classes for younger school children as well as training for college students to make up for the two years of subpar learning due to the prolonged COVID-19 pandemic...

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The poorest local governments in the country will divide among themselves P1.25 billion in the first-of-its-kind growth equity fund (GEF) so they can catch up to the bigger roles they assumed amid the devolution of previously national government functions...

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All 17 regions in the country have yet to reach a booster coverage of at least half the targeted population, prompting the Department of Health (DOH) to rethink its vaccination strategies as Omicron subvariants which are capable of evading immunity continue to cause a rise in infections...

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The Philippine Retailers Association (PRA) urges retailers to strategize as the lead time in procuring and building their inventory has been prolonged due to the global container shortage...

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The latest employment data hints at the possible expansion of the informal sector as quality jobs remain unavailable, according to local groups...

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The Philippine Retailers Association (PRA) is expecting a positive outlook for the retail sector for the rest of the year amid the “external challenges.”...

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Heavy rains triggered flash floods and mudslides in the town of Banaue Thursday, closing major roads and destroying properties and agricultural crops.

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Forty-six percent of Filipinos are optimistic that the Philippine economy will improve in the next 12 months, according to the latest survey of the Social Weather Station (SWS) on Sunday...

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MUFG Bank Ltd. is expecting a slower recovery pace for the Philippines in the second half as financial tightening became a global phenomenon led by the hawkish US Federal Reserve...

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The national government’s financing position registered a net payment in May this year after settling its loans from the Bangko Sentral ng Pilipinas (BSP), data from the Bureau of the Treasury showed...

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The Bangko Sentral ng Pilipinas (BSP) has reminded banks to design and implement preventive measures to detect and mitigate money laundering, as well as terrorist and proliferation financing...

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Consumers may pay higher electricity rates as power units of San Miguel Corp. (SMC) and Manila Electric Co. (Meralco) seek a temporary adjustment in their power supply agreements (PSAs) to recover fuel costs amid the unprecedented spike in fuel prices...

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Volatility in the market continues to persist in the face of developing economic conditions and low liquidity in the market...

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The Department of Agriculture (DA) has put in place measures to stabilize the rising price of poultry products brought about by higher demand for chicken and low production...

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The Department of Energy has approved the terms of reference (TOR) on the engagement of a transaction advisor for the country’s proposed strategic petroleum reserve...

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Community bakers on Sunday asked the government to standardize bread prices—to at least P4 per piece for regular pandesal, or 100 percent of current prices—and adjust them to inflation to stop the pandesal industry from dying...

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The resurgence in vehicle traffic at the north and south expressways may slow down if high fuel prices persist and COVID cases surge in the metropolis, according to the largest operator of toll road in the country...

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Higher subscription fees are coming soon for Netflix and Spotify accounts as well as other online transactions once they’re slapped with value-added tax (VAT), but President Ferdinand Marcos Jr.’s chief economic manager remains cold to many other new or higher taxes pitched by the previous administration...

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With a review of the Rice Tariffication Law ordered by President Ferdinand Marcos Jr., his chief economic manager will seek to sustain the current influx of imports to keep prices of the Filipino staple food low...

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President Ferdinand Marcos Jr.’s economic team has revived the push to “rightsize” the bureaucracy to get rid of redundant, ineffective, and inefficient government bodies...

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