Philippines places 158th out of 180 in environmental sustainability ranking

Source BusinessWorld

The Department of Health (DOH) recorded 612 new COVID-19 infections on Sunday, the highest daily tally since the 690 infections registered on April 3...

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Data from the Bankers’ Association of the Philippines (BAP) showed that the peso traded at a low of P53.8 to a dollar during the day and a high of P54.105 to a dollar. The peso closed the day’s trade at P54.065 against the greenback, with a traded volume of $1.016 billion on Monday...

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The total estimated value of investment pledges will exceed P500 billion in the next 18 months, according to the Department of Trade and Industry (DTI)...

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Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno expressed confidence the Philippines would leave the Financial Action Task Force’s (FATF) “gray list” of jurisdictions subjected to increased monitoring for “dirty money” risks by January...

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More than two years since the start of the COVID-19 pandemic, government agencies can now finally implement alternative work arrangements at any time for some 1.7 million employees, regardless of their status of appointment...

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Key interest rates will likely be raised anew this Thursday, Singapore-based DBS Bank Ltd. said, with the Bangko Sentral ng Pilipinas (BSP) looking to rein in above-target inflation...

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The Philippine Chamber of Commerce and Industry (PCCI) said the incoming Marcos administration must focus on passing key legislation like the remaining components of the tax reform program, which the current government was not able to shepherd through Congress...

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A group of bus companies running routes to and from Metro Manila has filed a petition to raise the minimum fare for city buses amid rising diesel prices, an official said yesterday...

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The Department of Agriculture (DA) has temporarily banned the entry of foot and mouth disease (FMD)-susceptible animals and their products from Indonesia effective immediately following a reported outbreak in this country...

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The Department of Health is set to release on Tuesday the guidelines for the administration of COVID-19 booster shots for minors aged 12-17, Health Undersecretary Myrna Cabotaje confirmed on Monday...

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Photos and messages posted by private individuals on social media accounts are allowed to be presented as evidence in court, according to a recent Supreme Court ruling...

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Sen. Christopher "Bong" Go vowed to push for the enactment of the bill that seeks to establish the Virology Science and Technology Institute of the Philippines (VIP)...

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A leader of the House of Representatives said he will reintroduce two electoral reform bills in the next Congress, including one that will prohibit any candidate from having any substitute in any local or national election...

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President-elect Ferdinand Marcos Jr. is considering introducing a value-added tax (VAT) on exports of partially processed ore as an alternative to increase mining taxes...

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The Supreme Court (SC) has recommended remedial measures that the Commission on Audit (COA) may adopt in cases where COA fails to act, within the mandatory 60-day review period, on government agencies’ requests for authority to hire private lawyers...

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The Land Transportation Office’s (LTO) is determined to implement a new scheme in vehicle registration in defiance of repeated warnings by the Commission on Audit (COA) that the setup might give way to irregularities...

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Various government agencies have chosen Quezon City to pilot a single online platform for business registration called the Philippine Business Hub to be the epicenter of innovative reforms and game-changing improvements to programs and services that are more efficient, convenient, and time and resource-saving...

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The Anti-Red Tape Authority said Monday it relaunched the Philippine Business Hub as part of its plan to optimize the process of registering a business in one day...

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Risks to the Philippines’s economic growth are not limited to the performance of the US economy, as much of the risks are nearer, including the challenges posed by its neighbors in the region as well as those on the domestic front, according to economists...

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The Philippines had the second worst budget deficit among six Southeast Asian nations in 2021 after government spending ballooned to a record high due to infrastructure and pandemic needs...

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Sourcing oil from Russia cannot be easily implemented because of technical and diplomatic issues, according to the Department of Energy (DOE)...

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The Philippines trailed Brunei in spending more than the output of its economy in 2021, data from the Department of Finance (DOF) revealed...

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Japan has a key role in keeping Southeast Asia from falling into debt traps while the United States is guarantor of world freedom, Foreign Affairs Secretary Teodoro Locsin Jr. said on the weekend...

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Budget cuts, which would impact on the government’s delivery of social and other services, may be the bitter pill that the Philippines will have to swallow en route to narrowing its budget deficit to pre-pandemic levels by the end of Ferdinand “Bongbong” Marcos Jr’s rule in 2028, UK-based think tank Pantheon Macroeconomics said on Monday (June 20)...

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Global air transport is on course to return to profit after two pandemic-battered years but the war in Ukraine and the cost-of-living crisis lurk as threats, the industry's world body said on Monday...

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Sri Lanka closed schools and halted all nonessential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund (IMF) opened talks with Colombo on a possible bailout...

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Ukraine on Monday acknowledged difficulties in fighting in the east of the country as Russian forces captured territory along a frontline river and intensified pressure on two key cities ahead of an EU summit expected to welcome Kyiv’s bid to join the bloc...

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U.N. Secretary-General Antonio Guterres appealed to the Security Council on Monday to extend its approval of aid deliveries from Turkey to millions of people in need in northwest Syria, telling the body: “We cannot give up on the people of Syria.”...

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Five young people will file on Tuesday a lawsuit against 12 European governments over an international pact that allows fossil fuel investors to sue countries for taking action to tackle climate change...

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China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine...

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The Alliance of Health Workers (AHW) on Monday revealed that over 300,000 health-care workers (HCWs) are yet to receive their One Covid-19 Allowance (OCA) from the Department of Health (DOH)...

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Concerns over the country’s rising food prices prompted President-elect Ferdinand “Bongbong” R. Marcos Jr. to take over the helm of the Department of Agriculture (DA)...

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The concluded random manual audit of votes in the May 9, 2022 elections showed a 99.9-percent match between the ballots and the count reported by vote-counting machines, said the Commission on Elections (Comelec)...

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Many areas in the Philippines, including Metro Manila, are seeing an increase in coronavirus cases which indicated a “start of the peak” and private hospitals are gearing up for the possible rise in Covid-related admissions...

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The Department of Education (DepEd) is conducting a “rapid assessment” of students to determine the learning gaps and create proper interventions as the agency prepares to establish a new system assessment baseline for 2024...

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Even when she finally becomes a private citizen come June 30, outgoing Vice President Leni Robredo isn’t planning on taking it easy as her team already has plans to push back against disinformation and fake news on social media, her spokesperson said on Sunday...

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For the second year in a row, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno is the highest paid government official, having received P41.811 million in salaries and allowances last year...

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The Philippine National Police intends to follow the security template it used on Vice President-elect Sara Duterte’s inauguration in the June 30 oath-taking of President-elect Ferdinand Marcos Jr. at the National Museum in Manila...

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Under the government's P27.38-million Project MAGHANDA, training will be provided for local officials, disaster personnel, and the media to develop their understanding of hazards and improve response efforts..

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Sen. Aquilino “Koko” Pimentel III called on the Marcos administration on Monday to suspend the collection of the fuel excise tax amid surging prices and turn instead to “belt-tightening” to make up for potential revenue losses...

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Vice President-elect Sara Duterte, who will sit as Education secretary in a concurrent capacity, is “targeting” to implement full face-to-face classes in schools by August...

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More than 300,000 medical frontliners across the country have yet to receive their One COVID-19 Allowance, the Alliance of Health Workers (AHW) said Monday...

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Incoming Vice President Sara Duterte on Monday said she hoped that her push for the return of the mandatory Reserve Officers’ Training Corps (ROTC) in schools would be included in the legislative priorities of the next administration and the 19th Congress...

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More than 300,000 medical frontliners across the country have yet to receive their One COVID-19 Allowance, the Alliance of Health Workers (AHW) said Monday...

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The government body spearheading the rehabilitation of Boracay has formally turned over the management of its unfinished tasks on the island to the local governments in Aklan province...

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The Department of Human Settlements and Urban Development (DHSUD) has put more teeth into its war against real-estate scammers through an inter-agency panel to take the lead in the campaign...

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The majority of the Philippine population is still not eligible to take their second booster shot, despite a clamor for additional protection from COVID-19 subvariants...

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President-elect Ferdinand "Bongbong" Marcos is seeking to make arrangements with oil-producing countries to soften the blow of surging prices of petroleum products on consumers...

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State infrastructure spending in April rose by 9.7 percent to P63.8 billion on easing Covid-19 mobility restrictions...

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Nonstock savings and loan associations (NSSLAs) continued to grow in terms of assets, driven by a rise in loans and capital contributions, the Bangko Sentral ng Pilipinas (BSP) said...

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More than P500-billion worth of investment leads are expected to be realized in the next 18 months, Trade and Industry Secretary Ramon Lopez said...

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The Philippines’ inflation rate could shoot up to 8 percent especially if the conflict between Russia and Ukraine continues, economist and Albay Rep. Joey Salceda said Monday...

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Oil companies will implement another round of fuel price hikes, starting Tuesday...

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Outgoing Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the emerging data on the economic impact of the digitalization shift from cash-heavy to cash-lite is promising..

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While possible, the target of incoming finance chief Benjamin Diokno to bring down the share of the budget deficit to gross domestic product (GDP) may not be a walk in the park as the new government will have its hands tied due to the pandemic...

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Pump prices of petroleum products could hit P100 per liter should the weekly increases continue due to a mix of factors, the Department of Energy (DOE) said Monday...

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Rates of short-dated T-bills rose across the board on Monday (June 20) as the local debt market braced for the anticipated, possibly upsized, rate hike by the Bangko Sentral ng Pilipinas (BSP) on Thursday...

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Okada Manila's bank accounts have been frozen because of the intra-corporate dispute in Tiger Resort Leisure and Entertainment Inc. (TRLEI), the operator of the casino hotel and resort located in Parañaque City...

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