Source BusinessMirror

The Bangko Sentral ng Pilipinas (BSP) on Monday said folded banknotes, whether paper or polymer, are valid and can be used for transactions...

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Net inflows of foreign direct investments (FDIs) into the Philippines surged to a four-month high in April as further reopening of the economy and trade liberalization reforms lifted investor confidence...

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The economic team's plan to pursue new taxes on digital services and pollutants, as well as “rightsizing” of the bureaucracy, may not generate enough revenues needed to repay the Philippines’ ballooning debt, experts said...

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It is “high time” that the country’s general population be required to get COVID-19 booster shots for added protection as more workplaces open and in-person classes resume, infectious disease expert Dr. Rontgene Solante said during Monday’s Laging Handa briefing...

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Motorists are getting another reprieve as oil companies on Monday announced a big-time fuel price rollback starting Tuesday. In separate advisories, oil firms said the prices of gasoline decreased by P5.70 a liter and diesel by P6.10. Kerosene, primarily used for cooking and lighting, especially in the provinces, declined by P6.30 a liter...

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The vision of a food-self-sufficient Philippines is attainable through President Ferdinand “Bongbong” R. Marcos Jr.’s strong political will that would hopefully prioritize boosting local production and scrapping importation policies unfavorable to producers...

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The country’s export performance and inflow of Overseas Filipino Worker (OFW) remittances may not be able to offset the impact of rising commodity prices on the economy in the coming months, according to Fitch Solutions...

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Almost a million “undeserving” beneficiaries of the government’s conditional cash transfer program, otherwise known as 4Ps, will be delisted, Social Welfare Secretary Erwin Tulfo said yesterday...

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The world's population is expected to reach eight billion on November 15, the UN forecast Monday in a report that said India will surpass China as the most populous country on earth in 2023...

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If you sit, it will tax your seat, if it gets too cold, it will tax the heat, and if you sell online, it will tax your digital transactions too. Cause, yeah, it’s the taxman...

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The amendments to the eight-decade-old Public Service Act (PSA) could boost efforts of Manila and Washington to forge a free trade agreement (FTA), according to a nongovernment organization...

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Sen. Risa Hontiveros filed Senate Bill No. 146 declaring a portion of the Philippine Rise, formerly known as Benham Rise, a protected area, and establishing a Philippine Rise Marine Resource Reserve Management Board...

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Following a series of meetings after some European countries started recalling batches of popular Filipino brand Lucky Me! noodles due to the presence of a harmful chemical, the Philippine Food and Drug Administration (FDA) on Monday declared that Monde Nissin Corporation is “compliant” with food safety...

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Finance Secretary Benjamin E. Diokno has committed to pursue the passage of the remaining tax reform packages that were left behind by the Duterte administration involving real property valuation and financial taxation...

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Mind that new P1,000 bill in your hands. It might not be honored if damaged or even just simply folded. Albay Rep. Joey Salceda on Monday sought further clarification from the Bangko Sentral ng Pilipinas (BSP) for business establishments to honor the new polymer bills even if they are folded, altered, or damaged...

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A bill that would create the Philippine Center for Disease Prevention and Control is being pushed anew in the House of Representatives for the 19th Congress...

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A Senate bill seeks to grant the President the power to suspend increases in contributions to the Philippine Health Insurance Corporation amid price hikes and the pandemic...

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Accessing health services will soon be easier with three health technology (healthtech) applications uniting under one superapp...

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China’s foreign minister Wang Yi warned on Monday during a policy speech in the Indonesian capital that countries should avoid being used as “chess pieces” by major powers in a region at risk of being reshaped by geopolitical factors...

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The quickly changing coronavirus has spawned yet another super contagious Omicron mutant that's worrying scientists as it gains ground in India and pops up in numerous other countries, including the United States...

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Officials of the Indian and Malaysian navies visited the Philippine Navy’s warship BRP Antonio Luna, which is currently in Hawaii participating in the United States-led naval exercises...

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President Ferdinand Marcos Jr. may be guided by his predecessor’s position on the West Philippine Sea, so he would know what not to do with regard to the 2016 arbitral ruling in the Philippines’ favor which rejected China’s expansive claims over the South China Sea...

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In June, a few dozen activists started meeting regularly at a seaside tented camp in Colombo for hours-long sessions to think up ways to revive Sri Lanka’s flagging protest movement...

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Ukraine warned Monday that Russian forces were preparing to intensify their fight for key cities in the Donbas, as President Volodymyr Zelensky bitterly accused Canada of undermining sanctions against Moscow...

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Bolstered by a new mandate from last weekend's legislative elections, Japanese Prime Minister Fumio Kishida on Monday met with the United States' top diplomat, who offered condolences over the death of influential former leader Shinzo Abe and reassurances of a strong bilateral alliance...

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A major UN report warned Monday that a global economy focused on short-term profit is wrecking the planet and called for a drastically different approach as to how we value nature...

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The James Webb Space Telescope, the most powerful observatory to be placed in orbit, has revealed the "deepest and sharpest infrared image of the early universe" ever taken, going back 13 billion years, NASA said Monday...

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A flaw in a widely used medical device that measures oxygen levels causes critically ill Asians, Blacks and Hispanics to receive less supplemental oxygen to help them breathe than white patients, according to data from a large study published on Monday...

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Moderna Inc said on Monday it was advancing two Omicron vaccine candidates for the fall, one designed against the BA.1 variant and another against the BA.4 and BA.5...

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The quickly changing coronavirus has spawned yet another super contagious omicron mutant that’s worrying scientists as it gains ground in India and pops up in numerous other countries, including the United States...

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Colombo was calm on Monday as hundreds of people strolled into the president's secretariat and residence and toured the colonial-era buildings. Police made no attempt to intervene...

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President Ferdinand R. Marcos, Jr. named former Energy Secretary Raphael P.M. Lotilla to lead the Department of Energy (DoE), according to the Presidential Palace...

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The Department of Trade and Industry (DTI) will develop a competitiveness policy that will allow regions and urban centers to specialize in industries where they are most competitive, Trade Secretary Alfredo E. Pascual said...

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The Covid positivity rate in Metro Manila and 12 provinces have reached more than 10 percent, OCTA Research said on Monday...

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Manufacturers of certain basic goods will have to wait a few more weeks for a decision of the Department of Trade and Industry (DTI) on their request for price increases...

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President Ferdinand R. Marcos, Jr. should veer away from his predecessor’s foreign policy and assert the country’s claims in the South China Sea, a coalition said on Monday, a day before the sixth anniversary of the Philippines’ arbitral victory in its sea dispute with China...

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The Department of Public Works and Highways (DPWH) recently bared projects to be prioritized under public-private partnerships (PPP), including expressways in Cebu and Nueva Ecija, and a major roadway leading to Benguet province...

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Local agriculture industry leaders have urged the government to fix the value chain by reducing the number of middlemen in agriculture trade to ensure that food prices are affordable to consumers..

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In the aftermath of disasters, the Marcos administration can dip into the remaining P14.7 billion in calamity fund for relief and response activities for the rest of this year...

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As President Ferdinand “Bongbong” Marcos continues to work in isolation, his first week in office has earned high marks from seasoned observers...

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The Country's Interior and Local Government chief on Monday vowed to boost the Philippine police’s capabilities against cyber-crime...

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The logistical impasse created by the COVID pandemic has served as a wake up call, signaling symptoms of diseases that have been ravaging the global village. With global lockdowns being more of the norm rather than the exception in the past two years, historically unparalleled cessations of production, transportation, and consumption value chains have crippled economies across oceans and continents...

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President Ferdinand “Bongbong” Marcos has been urged to revive the Oil Price Stabilization Fund (OPSF) — a program placed by his late father during his term to counter the recent wild swings in fuel prices in the country...

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Department of Transportation (DOTr) Secretary Jaime J. Bautista has ordered the “careful calibration” of existing land transport programs to meet the expected surge in passenger demand by the second half of 2022...

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Condemning the reported latest incident of alleged hazing activity by a fraternity in the University of the Philippines (UP)-Diliman, Senator Sherwin Gatchalian prodded UP authorities to ensure that “the full force of the Anti-Hazing Act of 2018 [Republic Act No. 11053] will fall on students proven to have been involved in the incident.”...

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House Committee on Ways and Means Chairman Joey Sarte Salceda last Monday asked the Bangko Sentral ng Pilipinas (BSP) to clarify the acceptance of damaged, folded or otherwise altered P1,000 polymer bills by business establishments, in response to concerns raised by both businesses and consumers...

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The Department of Health reported on Monday, July 11 a total of 10,271 new Covid-19 cases recorded in the past week...

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Amid allegations that some Bureau of Customs (BOC) officials and personnel were among the protectors of smugglers of agricultural products, the agency on Monday said that its intensified fight against smuggling and corruption at the bureau had led to the dismissal, suspension, relief and reshuffling of erring officials and employees...

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The proposal to declare a state of emergency in the agriculture sector should be studied and discussed first, two senators said Monday...

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Additional funds of over a billion pesos are needed to continue the Libreng Sakay Program until the end of the year, Department of Transportation (DOTr) Secretary Jaime Bautista said Monday...

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An infectious diseases expert believes now is the time to re-evaluate the use of the Dengvaxia vaccine as dengue cases continue to climb in the country...

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Retail prices of building materials in Metro Manila grew at its fastest annual pace in more than 13 years in April amid global supply constraints caused by the ongoing Russia-Ukraine war...

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Several "revenue-neutral" tax reforms that Congress failed to pass during the Duterte administration will be pursued by the Marcos government, Finance Secretary Benjamin Diokno said last week...

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Poultry raisers warned of possible shortage of chicken and chicken products in the next two quarters following a shortfall in production...

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The Philippine Association of Flour Millers Inc. has appealed to President Ferdinand Marcos Jr. to extend aid and fuel subsidies to bread makers amid rising prices of wheat and other raw materials globally...

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Pump prices of petroleum products will decrease by as much as P5.70 per liter starting Tuesday morning as looming recession fears and demand slowdown saw crude prices tumbling for two straight weeks in the global markets...

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The Agriculture department’s 2023 budget will point to the steps the Marcos government intends to take to achieve food security, farming industry officials said, adding that they are also waiting to see how the new leadership will deploy the remaining funds still available in 2022 from the budget prepared under the previous administration...

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Growth in wholesale goods prices eased in May compared to April, though the indicator picked up on a year-on-year comparison, according to preliminary data released by the Philippine Statistics Authority (PSA)...

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The net inflow of foreign direct investments (FDI) jumped by 48.3 percent to hit a four-month high of $989 million in April from $667 million in the same month last year as the country posted a stronger-than-expected economic growth in the first quarter...

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Oil firms announced Monday a price rollback by as much as P6 per liter that will take effect Tuesday morning...

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There would be enough highland vegetables coming from the Cordillera region despite the damage caused by flash floods and landslides in Banaue town of Ifugao province due to the prevailing southwest monsoon, the Department of Agriculture (DA) said...

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Locals stocks opened the week in positive territory as bargain hunters came into play at the last minute...

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Listed power distributor Manila Electric Co. (Meralco) announced the electricity bill for July will decline by 71 centavos per kilowatt-hour, reducing the overall rate for the month to P9.7545 per kWh from P10.4612 per kWh in June...

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Fitch Solutions, a unit of the Fitch Group, revised its forecast for the 2022 Philippine current account deficit as a share of the gross domestic product to a wider 4.3 percent from the previous estimate of 2.4 percent as imports growth continues to outpace exports...

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