July 25, 2022
Source BusinessMirror
Bongbong Marcos’ first SONA: It’s all about economy
Philippine Daily Inquirer, July 25, 2022
Jerome Aning
It’s all about the economy and the “entire cycle” of challenges facing the Philippines. President Ferdinand Marcos Jr. will devote his first State of the Nation Address (SONA) on Monday to key issues he believes Filipinos care deeply about, especially the economic recovery program, the government’s pandemic response, the return of face-to-face schooling, and the food security crisis, according to Executive Secretary Victor Rodriguez...
Diokno upbeat BIR, BOC can meet P3.17-T targets
BusinessMirror, July 25, 2022
Bernadette D. Nicolas
Finance Secretary Benjamin E. Diokno has expressed confidence that the government’s main collection agencies—the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC)—will hit their revenue targets for this year, amounting to a combined P3.17 trillion...
PHL seen to recover from ASF in 2 years–OECD-FAO
BusinessMirror, July 25, 2022
Jasper Y. Arcalas
The Philippines may finally recover from African swine fever (ASF) in two years’ time with pork output expected to return to 1.6 million metric tons (MMT), according to joint forecasts of international agencies...
Business groups want Marcos’ SONA to show clear roadmap for next 6 years
BusinessWorld, July 25, 2022
Revin Mikhael D. Ochave and Kyle Aristophere T. Atienza
Philippine President Ferdinand R. Marcos, Jr. is expected to provide more details about his administration’s priorities as he delivers his first State of the Nation Address (SONA) before Congress on Monday (July 25)...
Think tanks: Higher inflation, interest rates to temper PH growth
Philippine Daily Inquirer, July 25, 2022
Ben O. de Vera
Think tanks expect the Philippines’ short-term economic growth outlook to be tempered by high consumer prices, while the central bank’s aggressive interest rate hikes are seen to rein in elevated inflation...
PH still monkeypox-free amid WHO global alert
Philippine Daily Inquirer, July 25, 2022
Dona Z. Pazzibugan
The Department of Health (DOH) maintained that the Philippines remained monkeypox-free even as the World Health Organization (WHO) on Saturday declared the disease a global health emergency — the highest alarm it can sound...
Marcos to lay down food security plan
The Manila Times, July 25, 2022
Catherine S. Valente
To head off a looming agriculture and food crisis, President Ferdinand "Bongbong" Marcos Jr. has ordered "strategic agriculture measures" implemented immediately...
Experts make pitch for Congress’ priorities
BusinessMirror, July 25, 2022
Cai Ordinario
Laws that will improve the quality of education, make food affordable, create fiscal space, and promote pandemic resiliency should be passed to ensure the country recovers from Covid-19 and posts inclusive economic growth in the medium term, according to economists...
‘PHL economy to reap gains from Creative Industries Act’
BusinessMirror, July 24, 2022
Andrea E. San Juan
A lawmaker said the Philippine economy will reap benefits from the Creative Industries Act if the government and private sector are willing to work closely together...
Congress urged to prioritize social entrepreneurship bill
BusinessMirror, July 24, 2022
Jonathan L. Mayuga
To help more Filipinos recover faster from the social and economic impacts of the coronavirus disease (Covid-19), civil society organizations on Sunday called on legislators to prioritize the passage of a measure promoting social entrepreneurship...
Cutting OFW-remittance cost to be filed in Senate
BusinessMirror, July 24, 2022
Butch Fernandez
The Senate is working on an awaited remedial legislation aimed at providing added protection for hard-earned remittances regularly sent by Overseas Filipino Workers (OFWs) to their families here...
‘Excessive’ pay for OGCC lawyers caused veto of bill
BusinessMirror, July 24, 2022
Samuel P. Medenilla
President Ferdinand R. Marcos Jr. vetoed the bill Strengthening the Office of the Government Corporate Counsel (OGCC) due to “excessive remuneration” it will provide to its lawyers...
DepEd issues enrollment guidelines for SY 2022-2023
Manila Bulletin, July 24, 2022
Charie Mae F. Abarca
In preparation of the school year (SY) 2022-2023, the Department of Education (DepEd) released a set of guidelines for enrollment in the context of the gradual reintroduction of face-to-face classes and reflective of the current health and safety situation in the Philippines...
Key govt agencies back vape bill
The Manila Times, July 24, 2022
Kristina Maralit
Key executive departments recently threw their support behind the Vape Bill which seeks to regulate the sale and use of smoke-free alternatives to tobacco such as e-cigarettes and heated tobacco products...
The EPR Law takes on the Philippines' plastic problem
The Manila Times, July 25, 2022
Ma. Celina Añonuevo and Bonar Laureto
Barring any last-minute hiccups, the Extended Producer Responsibility (EPR) Act of 2022 should have lapsed into law by now, which means companies are now responsible for the plastic packaging they use to protect, transport and sell their products...
Asean states lose $80B-$120B yearly due to plastic waste
BusinessMirror, July 25, 2022
Cai Ordinario
Southeast Asian countries, including the Philippines, are throwing away billions to the ocean by continuing to use single-use plastics, according to the World Bank and the Association of Southeast Asian Nations (Asean)...
US, PH team up to beat ASF
The Manila Times, July 25, 2022
Leander C. Domingo
The United States and the Philippines launched a new project aimed at strengthening local veterinary services for safe pork and pork products to support the Philippine swine industry in the long term...
'Asean Access' to open regional market for MSMEs
The Manila Times, July 25, 2022
Ed Paolo Salting
The Department of Trade and Industry (DTI) is urging micro, small and medium enterprises (MSMEs) to visit and register to the "Asean Access" website, the official trade information and business matching portal for MSMEs seeking to find business partners and export their products in the region....
Supply chains inching back to normal brace for headwinds of softer demand
BusinessMirror, July 25, 2022
Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name his band’s next road trip after a different villain...
China stations permanent ‘rescue forces’ on Spratly artificial islands
BusinessWorld, July 24, 2022
Alyssa Nicole O. Tan
China has placed permanent rescue forces and maritime authorities on its artificial islands in the South China Sea, according to state-owned China Central Television...
Monkeypox outbreak is now a global health emergency — WHO
BusinessWorld, July 24, 2022
Reuters
The rapidly spreading monkeypox outbreak represents a global health emergency, the World Health Organization’s highest level of alert, WHO Director-General Tedros Adhanom Ghebreyesus said on Saturday...
More KL assets eyed amid Sabah row
Daily Tribune July 25, 2022
Perseus Echeminada and Gab Humilde Villegas
Aside from the $2 billion worth of overseas assets of Malaysian crown jewel Petronas, international lawyers of the heirs of the Sultanate of Sulu are lining up other state properties for seizure proceedings to enforce the $14.5 billion arbitration award by a French Court...
Ukraine works to resume grain exports, flags Russian strikes as risk
Philippine Daily Inquirer, July 25, 2022
Reuters
Ukraine pressed ahead on Sunday with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but warned deliveries would suffer if a Russian missile strike on Odesa was a sign of more to come...
Fed set for another big rate hike with economy on knife’s edge
Philippine Daily Inquirer, July 25, 2022
Heather Scott, Agence France-Presse
US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession...
Call for max working temperature cap after EU heatwave deaths
Philippine Daily Inquirer, July 25, 2022
Agence France-Presse
Trade unions called Monday for the European Commission to impose maximum temperature limits for outdoor workers, after three people died while on shift in Madrid during last week’s withering heatwave...
Greece battles fierce wildfires amid Europe heatwaves
ABS-CBN News, July 25, 2022
Katerina Nikolopoulou with Anthi Pazianou in Lesbos, Agence France-Presse
Greece on Sunday battled four major wildfires that have forced hundreds to evacuate, as soaring temperatures there and in Spain raised fears of more blazes...
Viral vector, mRNA work vs Omicron – study
Philippine Daily Inquirer, July 24, 2022
Kathleen de Villa
A fourth dose or second booster of a viral vector or mRNA vaccine, two COVID-19 jab types currently in the country’s inventory, was found to be highly effective at preventing infections caused by the Omicron strain, according to a study of Thailand’s Chiang Mai University in June...
Thailand’s first monkeypox patient found after fleeing to Cambodia
GMA News, July 24, 2022
A Nigerian man who went on the run after becoming Thailand's first monkeypox case was found in Phnom Penh on Saturday and taken to hospital, the Cambodian Health Ministry said...
US economy is slowing, but recession not inevitable, Yellen says
GMA News, July 25, 2022
US Treasury Secretary Janet Yellen said on Sunday that US economic growth is slowing and acknowledged there was the risk of a recession, but she said a downturn was not inevitable...
Japan's Sakurajima volcano erupts, prompting highest alert
CNN Philippines, July 25, 2022
Junko Ogura and Hira Humayun, CNN
Japan's Sakurajima volcano, located on the island of Kyushu, erupted on Sunday, prompting evacuations in the region. The Japan Meteorological Agency (JMA) said the volcano erupted around 8:05 p.m. local time (7:05 a.m. ET). Footage from the agency's surveillance camera showed a cloud of smoke or ash rising from the volcano...
Migz, Martin to lead Senate, House in 19th Congress
BusinessMirror, July 25, 2022
Jovee Marie De La Cruz and Butch Fernandez
The Senate and the House of Representatives will separately open today (Monday) the first regular session of the 19th Congress, with the expected election of the new Senate President and Speaker, and initial listing of their respective priority measures...
DPWH eyes 3,000 NCR projects for next year
BusinessWorld, July 25, 2022
Arjay L. Balinbin
The Department of Public Works and Highways (DPWH) is proposing around 3,000 infrastructure projects worth P53 billion in Metro Manila next year...
Meet the team carrying out Marcos’ marching orders
Philippine Daily Inquirer, July 25, 2022
Grand visions, broad marching orders, major policy shifts — expect these and more as President Ferdinand Marcos Jr. delivers his first State of the Nation Address (SONA) today, Monday July 25...
Teachers dread return to jampacked rooms
Philippine Daily Inquirer, July 25, 2022
Jane Bautista
“Babalik na namin kami sa pagtuturo ng sardinas (We’re back to teaching in classrooms packed like sardine cans.)” This was how one teacher quoted at an online forum on Friday described the Department of Education’s (DepEd) policy of having schools return to full in-person classes by Nov. 2...
10 provinces hit ‘very high’ COVID-19 positivity rate
Philippine Star, July 25, 2022
Pia Lee-Brago
Ten provinces registered “very high” COVID-19 positivity rates or more than 20 percent as of July 22 compared to July 16 data, the OCTA Research Group said yesterday...
‘2.5 million registrants not yet approved as voters’
Philippine Star, July 25, 2022
Mayen Jaymalin
Those who registered to vote in the barangay and Sangguniang Kabataan (SK) elections over 2.5 million in all are not yet sanctioned to vote, pending approval by the Commission on Elections (Comelec)...
Challenges facing Bongbong’s team
Daily Tribune, July 25, 2022
Tribune Reportorial Team
Ferdinand “Bongbong” R. Marcos Jr., the country’s 17th president, has inherited a lot from his predecessor — including projects that need continuation, policies that need review, and even looming crises that need immediate solutions...
DepEd: Students have three options to enroll
The Manila Times, July 24, 2022
Kaithreen Cruz
Students have three options to enroll for school year 2022-2023 — in-person, remote or through drop box forms. Under DepEd Order 35 signed by Vice President and Department of Education (DepEd) Secretary Sara Duterte-Carpio, physical enrollment by parents or guardians and/or the students may be done in schools while observing minimum health and safety standards'...
Wish list for Bongbong Marcos on promised recovery path
Philippine Daily Inquirer, July 25, 2022
Aira Bernardo and Bea Garcis
Filipinos the world over will be watching closely as President Ferdinand Marcos Jr. charts the country’s course in his first State of the Nation Address (ONA) at the Batasang Pambansa in Quezon City on Monday, five decades after his namesake father addressed Congress for the first time as president on Jan. 24, 1966...
BIR, First Philippine Holdings reach P135-million tax settlement
Rappler, July 24, 2022
The Bureau of Internal Revenue says the compromise agreement with Lopez-owned First Philippine Holdings Corporation 'serves the interest of the government'...
Housing developers say gov’t needs to intervene in low end of market
BusinessWorld, July 24, 2022
Luisa Maria Jacinta C. Jocson
The government’s intervention is needed on the mass-housing side of the housing market, where private developers cannot operate because the segment is unprofitable, housing developers said, adding that funding for housing is inadequate relative to the overwhelming demand for units...
Philippines ready for monkeypox, says DoH
BusinessWorld, July 24, 2022
Kyle Aristophere T. Atienza
The Philippines is prepared to combat a potential monkeypox outbreak, authorities said on Sunday, after the World Health Organization (WHO) declared a global health emergency due to its rapid spread worldwide...
DepEd orders return of in-person enrollment
Philippine Daily Inquirer, July 24, 2022
Dexter Cabalza
The Department of Education (DepEd) ordered the return of in-person enrollment for the upcoming school year 2022-2023, in preparation for the resumption of full in-person classes by November...
Mega rehab center of Duterte drug war still up to task
Philippine Daily Inquirer, July 24, 2022
Armand Galang, Tonette Orejas
Five years ago, Broom was a drug-crazed Pasig City resident who was hauled off by his mother to the Mega Drug Abuse Treatment and Rehabilitation Center (MDATRC) in Nueva Ecija province, more than 110 kilometers away...
Costly airport X-ray machine can’t even detect guns in cars – COA
Philippine Daily Inquirer, July 24, 2022
Ador Vincent Mayol
The agency managing the country’s second leading gateway was singled out by state auditors for buying a pricey X-ray machine that proved incapable of detecting firearms and ammunition that are concealed in vehicles...
DOH: Over 73,000 dengue cases logged since January
Philippine Daily Inquirer, July 25, 2022
Daphne Galvez
The Department of Health (DOH) has so far recorded a total of 73,909 cases of dengue in the country since January, officer-in-charge Maria Rosario Vergeire said Monday...
Groups eye BBM insurgency plans
Manila Standard, July 24, 2022
Parents’ groups and anti-communist advocates are looking forward to “concrete plans” that will address insurgency problems during President Ferdinand “Bongbong” Marcos Jr.’s first State of the Nation Address (SONA) on Monday...
Salceda renews call to pass BBM stimulus package, grant Marcos special powers to combat inflation
Manila Standard, July 24, 2022
House Ways and Means chairperson Albay Rep. Joey Salceda has renewed his call to pass the “Bayan Bangon Muli” stimulus package which will also give President Ferdinand Marcos Jr. special powers amid the skyrocketing prices of food and basic commodities...
DOH eyes monkeypox vaccine supply from WHO, development partners
CNN Philippines, July 24, 2022
CNN Philippines Staff
The Department of Health hopes to get its supply of vaccines against monkeypox through donations from the World Health Organization or other development partners...
Price of refined sugar soars amid crippling supply woes
BusinessMirror, July 25, 2022
Jasper Y. Arcalas
Filipino consumers may have to shell out more money for their beloved sweets as the price of refined sugar zoomed to P115 per kilogram amid crippling supply woes...
Rising inflation seen deterring employers from hiring more workers
BusinessMirror, July 24, 2022
Diego Gabriel C. Robles
Rising inflation may prolong underemployment situation in the Philippines as higher costs deter employers from expanding, economists said...
Diokno sees digitalization, costly oil boosting 2022 revenues
Philippine Daily Inquirer, July 25, 2022
Ben O. de Vera
With digitalization in full swing plus a windfall from expensive oil imports, Finance Secretary Benjamin Diokno is optimistic that tax and nontax revenues this year will exceed prepandemic levels as targeted...
Can inflation impact PH credit rating?
The Manila Times, July 25, 2022
Mayvelin U. Caraballo
Food and non-alcoholic beverage price increases have caused the Philippine inflation rate to jump to a three-year high of 6.1 percent last month, exceeding the government's target for this year...
Oil depots in ecozones proposed
The Manila Times, July 25, 2022
Mayvelin U. Caraballo
A former director general of the Philippine Economic Zone Authority (PEZA) proposed the establishment of oil depots in the country's economic zones as a way of taming rising fuel prices...
'Private sector to link big business to farmers'
The Manila Times, July 25, 2022
Kristina Maralit
With President Ferdinand "Bongbong" Marcos Jr. expected to highlight agriculture in his first State of The Nation Address (SONA) today, there is strong belief that small farmers will be given the chance to be part of a more inclusive agricultural ecosystem with the help of the private sector, Go Negosyo founder Jose Ma. "Joey" Concepcion 3rd said...
War, peso conspire to shrink ‘pandesal’
Daily Tribune, July 25, 2022
TDT
As the war in Ukraine pushes up wheat prices and a weaker peso raises the cost of imported edible oil, many local bakers are shrinking the size of a popular breakfast roll to cope with higher inflation...
Gov’t urged to plug ‘missing links’ in PH manufacturing
Manila Bulletin, July 24, 2022
Bernie Cahiles-Magkilat
The government should plug the “missing links” in the domestic garment manufacturing industry, one of the country’s top dollar earners, by supporting and developing a reliable local supply base, the Foreign Buyers Association of the Philippines (FOBAP) urged...
ANZ sees slow reduction in Philippine debt
Philippine Star, July 25, 2022
Lawrence Agcaoili
Bringing the Philippines’ debt to the pre-pandemic level of around 40 percent of gross domestic product from a peak of 63.5 percent of GDP as of end-March will be challenging, according to ANZ Research...
Philippines consumption of biodiesel expected to rise further
Philippine Star, July 25, 2022
Danessa Rivera
The country’s biofuel consumption is expected to continue to recover this year on the back of economic growth, as well as the increase in ethanol and biodiesel demand, according to the United States Department of Agriculture (USDA)...
Market to remain in consolidation mode this week
Philippine Star, July 25, 2022
Iris Gonzales
The stock market is expected to trade sideways anew ahead of the upcoming US Federal Reserve policy meetings this week and the release of first half corporate earnings...
BIR pressed on tax collection
The Manila Times, July 25, 2022
Mayvelin U. Caraballo
The Bureau of Internal Revenue (BIR) and the Bureau of Local Government Finance (BLGF) have been instructed by Finance Secretary Benjamin Diokno to collect taxes efficiently and fairly...
PH tourism to recover with eased international travel
Philippine Daily Inquirer, July 25, 2022
Tyrone Jasper C. Piad
Tourism activities are expected to further gain traction in the second half with more foreign tourists arriving on local shores following the reopening of international borders, a Department of Tourism (DOT) official said...
Peso to come under renewed pressure as another Fed hike looms
Philippine Daily Inquirer, July 25, 2022
Ronnel W. Domingo
The Philippine peso might come under pressure to depreciate soon as the United States Federal Reserve is widely expected to raise interest rates aggressively again this week, after having traded relatively stably against the US dollar the past week...
Fuel prices to stay on downtick
Philippine Daily Inquirer, July 24, 2022
Jordeene B. Lagare
Oil companies are expected to reduce local diesel and gasoline prices for the third straight week but the projected decrease is not as significant as in the past weeks, according to industry sources...
Jobstreet identifies PH industries in hiring mode
Philippine Daily Inquirer, July 25, 2022
Tyrone Jasper C. Piad
Online job platform JobStreet sees more job opportunities in computer and information technology (IT), health care and medical, education and telecommunications as these sectors showed growth and recovery during the pandemic...
Petroleum companies bullish on revival of oil and gas exploration
Manila Standard, July 24, 2022
Alena Mae S. Flores
The Philippine Petroleum Association of the Upstream Industry expressed optimism on a reinvigorated exploration industry under the Marcos administration...
Economists to Marcos: Prioritize education, health and agriculture over infrastructure
CNN Philippines, July 24, 2022
Paige Javier
Economists want to hear how President Ferdinand "Bongbong" Marcos Jr. will prioritize sectors in the national budget, address the high prices of basic goods, and lower the country's massive debt during his first State of the Nation Address on Monday...
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