Source BusinessMirror

The next administration should make sure that the economy expands by at least seven percent every year until 2025 to bring down the debt ratio to within manageable levels, according to the Department of Finance...

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The National Government’s (NG) budget deficit narrowed in May as revenues grew by double digits and spending contracted during the height of the election period, the Bureau of the Treasury (BTr) reported on Thursday...

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The Bangko Sentral ng Pilipinas (BSP) on Thursday raised its key interest rate for a second straight meeting to cool inflation, which is now seen to quicken to 5% this year...

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The World Bank has approved a $178.1-million loan to support the Philippines' efforts to combat malnutrition...

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Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion on Thursday called for the formation of an advisory group of multidisciplinary experts that can guide the private sector on matters of public health and the economy, after two years of battling COVID-19...

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The Bangko Sentral ng Pilipinas (BSP) remains comfortable with the current Philippine peso-United States (US) dollar exchange rate even if the local currency has already fallen to a near 17-year low of 54.70:$1 on Thursday...

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The Department of Health (DoH) on Thursday said there will be no massive surge in the number of Covid-19 cases in the coming days, but warned that cases in Metro Manila may increase up to 2,000 next month...

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The Bangko Sentral ng Pilipinas (BSP) on Thursday allayed concerns over the continued weakness of the peso, chalking it off to a stronger dollar. “When you look at how the peso has moved compared to other currencies in the region, it’s about there in the middle. So you can see that this is more a strong dollar phenomenon rather than something that is attributable to more domestic considerations,” BSP Deputy Governor Francisco Dakila Jr. said in a press briefing...

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The Energy Regulatory Commission (ERC) has approved the rules governing the aggregation of electricity requirements of end-users in the Competitive Retail Electricity Market (CREM)...

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The Fiscal Incentives Review Board (FIRB) has approved the 70-30 hybrid work ratio for IT business process outsourcing (ITBPO) firms registered with the Philippine Economic Zone Authority (PEZA) up to Sept. 30 this year...

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Outgoing Health Secretary Francisco Duque III is recommending the extension of the mandatory wearing of face masks in the country even after the end of the month...

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As the lone laboratory manufacturing a licensed vaccine against monkeypox, Danish company Bavarian Nordic has seen its order book fill up as the usually rare disease spreads around the world...

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Oil and gas explorations between the Philippines and China have been completely terminated, according to Manila’s top envoy...

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A billion people are facing the possibility of going hungry due to climate change by 2050, according to the latest report of the Food and Agriculture Organization (FAO) and European Bank for Reconstruction and Development (EBRD)...

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Economists watching the Philippines have raised growth expectations for 2022 to an average of 6.9 percent, Barcelona-based think tank FocusEconomics said, but high inflation would dampen the consumption-driven economy...

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With a $20-million grant to Asean, the World Bank is supporting moves to cut on plastic waste being dumped in the region’s waters...

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The Science for Change Program (S4CP) of the Department of Science and Technology (DOST) won the United Nations Public Service Award, the organization’s “most prestigious international recognition of excellence in public service.”...

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Southeast Asia (SEA) is projected to ascend as the world’s fourth-largest economic bloc in 2030. Along with eCommerce acceleration, the region is one of the most attractive markets for companies worldwide...

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Covid vaccines prevented nearly 20 million deaths in the first year after they were introduced, according to the first large modelling study on the topic released Friday...

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A World Health Organization committee of experts met Thursday to decide whether the monkeypox outbreak constitutes a global health emergency...

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The UN called on countries to stop imposing internet shutdowns or disruptions, warning Thursday that they can have dire and even deadly consequences...

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The US Centers for Disease Control and Prevention (CDC) said there was evidence of local transmission of monkeypox, in addition to reports of cases where people had traveled abroad...

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European Union leaders on Thursday granted Ukraine the coveted status of official candidate to join their 27-nation club, a bold geopolitical step hailed by Kyiv and the EU itself as a “historic moment”...

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Economic growth in the eurozone plummeted in June, a key survey showed on Thursday, as high prices took the wind out the strong recovery from the deep lows of the coronavirus pandemic...

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North Korea decided to boost the action plan of its military’s frontline units as its leader Kim Jong Un ordered to strengthen the country’s defence capabilities to overwhelm hostile forces, state media reported on Friday...

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Japan's core consumer prices jumped 2.1 percent again in May, the second consecutive monthly jump of a level not seen in seven years, official data showed Friday...

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The Supreme Court on Thursday declared for the first time that the U.S. Constitution protects an individual’s right to carry a handgun in public for self-defense, handing a landmark victory to gun rights advocates in a nation deeply divided over how to address firearms violence...

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Considering a big move this year? You may want to think about Canada or western Europe. The annual ranking of the world's most liveable cities has just been released by the Economist Intelligence Unit (EIU), and 2022's Global Liveability Index shows some marked differences from the previous year...

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The global food crisis sparked by the war in Ukraine will kill millions by leaving the hungriest more vulnerable to infectious diseases, potentially triggering the world’s next health catastrophe, the head of a major aid organization has warned...

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Lebanese caretaker Prime Minister Najib Mikati was designated premier again on Thursday, June 23, facing the challenge of forming a new government as the country’s devastating financial crisis festers...

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The largest-known bacterium - a vermicelli-shaped organism that was discovered in shallow mangrove swamps in the Caribbean and is big enough to be seen with the naked eye - is redefining what is possible for bacteria, Earth's most ancient life form...

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Some cases of long COVID may be the immune system's response to a SARS-CoV-2 infection lurking somewhere in the body, new findings from a small study suggest...

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Even the littlest children can experience long COVID, according to a large study, one of the first of its kind to include infants and toddlers. The study published Wednesday in the journal The Lancet Child & Adolescent Health included 44,000 children in Denmark ranging in ages zero through 14 years old. Of the children, 11,000 had tested positive for Covid-19 between January 2020 and July 2021...

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Former Philippine Airlines (PAL) President and Chief Operating Officer Jaime J. Bautista has been tapped by President-elect Ferdinand R. Marcos, Jr. to head the Department of Transportation (DoTr)...

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The Marcos administration’s economic team wants to have better coordination with the incoming 19th Congress on priority bills and the 2023 national budget, Socioeconomic Planning Secretary-designate Arsenio M. Balisacan said...

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The Office of the Civil Defense (OCD) has clarified that it had complied with the recommendations of the Commission on Audit (COA) after state auditors flagged the agency over its unfinished COVID-19 facilities last year as well as the use of quick response funds (QRFs)...

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ACT Teachers party-list lawmaker France Castro on Thursday backed calls for a review of the K-12 program to fully address the “problems” it created...

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The Philippines is looking into the possibility of vaccinating children below 5 years old against COVID-19, an official of the National Vaccination Operations Center (NVOC) said Thursday...

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National Security Adviser Hermogenes Esperon Jr. on Thursday said the people should believe him when he says that members of the Communist Party of the Philippines (CPP), the New People’s Army (NPA) and National Democratic Front of the Philippines (NDFP) were running the websites he had ordered blocked two weeks earlier...

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Sen. Grace Poe on Thursday said the government must address the delays in the printing and delivery of the national Philippine Identification System (PhilSys) cards...

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Active cases of COVID-19 reached 5,113 last Wednesday, the highest tally since May 3, according to the Department of Health (DOH)...

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The national government and the Cebu provincial government have agreed to end their stand-off on the enforcement of the face mask mandate

amid COVID-19, Interior Secretary Eduardo Año said on Thursday...

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The Metropolitan Manila Development Authority (MMDA) has received the highest audit rating from the Commission on Audit (COA)...

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As the new government assumes office on June 30, the incoming administration of president-elect Ferdinand Marcos Jr. would inherit several long-standing issues across different sectors, including the education crisis worsened by the COVID-19 pandemic...

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The incoming chief of the National Intelligence Coordinating Agency (NICA) Ricardo de Leon on Thursday said he believes the government has a basis when it requested and ordered the blocking of several websites of groups allegedly linked to terror organizations...

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The Climate Change Commission (CCC) said studies are still ongoing to determine the fate of the Bataan Nuclear Power Plant (BNPP), in compliance with the executive order (EO) that gave the go-signal for tapping nuclear power...

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The Department of Trade and Industry (DTI) is targeting to implement the incentives strategy for electric vehicles (EVs) by early next year...

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The Department of Labor and Employment (DOLE) has reported an uptick in the number of labor disputes following the easing of quarantine restrictions this year...

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The continuing voter registration will resume on July 4...

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Climate change, not the territorial dispute with China or the Russia-Ukraine conflict, is the real threat to the country's security, incoming national security adviser (NSA) Clarita Carlos said Thursday...

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The ban on new projects ahead of the May 9 elections reduced spending on public goods and services that month, narrowing the national government’s budget deficit by more than a fourth to P146.8 billion...

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It looks like the country’s frontline healthcare workers will have to wait a lot longer for their much-awaited One COVID-19 Allowance (OCA)...

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The Philippine Peso sank to another over 16-year low against the dollar on Thursday as the central bank raised benchmark rates by just 25 basis points (bps) despite market expectations of a bigger hike following the US Federal Reserve’s aggressive move last week...

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The Philippine Economic Zone Authority (Peza) is planning to use around 12 million hectares of agricultural lands and the country’s fishing grounds for special economic zones on agriculture and aquamarine to spur domestic food production...

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The Bangko Sentral ng Pilipinas (BSP) yesterday delivered back-to-back rate hikes, raising key policy rates by 25 basis points, to fend off rising inflationary pressures...

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Local stocks wobbled anew yesterday, with the main index plunging to its lowest level in 20 months, as the peso continued to weaken against the dollar and ahead of an anticipated rate hike by the Bangko Sentral ng Pilipinas (BSP)...

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