Source BusinessMirror

Incoming tourism secretary Christina Frasco has underscored the importance of investing heavily in infrastructure to help the tourism industry and the economy recover...

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Despite the recent recovery in household consumption, the Philippine economy is expected to post slower growth this year and in the next two years, according to the latest estimates of the World Bank...

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The government has allowed all establishments under the most lenient alert level to operate at 100 percent capacity, but only for those with full vaccination status, Malacañang announced on Tuesday...

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The number of Filipinos who experienced involuntary hunger at least once in the first quarter of the year increased to an estimated 3.1 million families, according to a Social Weather Stations (SWS) survey released on Monday...

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Headline inflation further accelerated to 5.4 percent in May, the highest recorded since the 6.1 percent seen in November 2018, data from the Philippine Statistics Authority showed...

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Two UN food agencies have warned about multiple, looming food crises on the planet, driven by climate "shocks" like drought and worsened by the impacts of the Covid-19 pandemic and the war in Ukraine that have sent fuel and food prices soaring...

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A suspension of the excise tax on fuel products is unlikely under the administration of President-elect Ferdinand R. Marcos, Jr., according to the incoming Finance chief...

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The Intellectual Property Office of the Philippines (IPOPHL) will be lobbying for a new Intellectual Property (IP) Code armed with new provisions that will enable the country to be competitive and attract foreign investors in the next Congress...

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This was after it approved CSC Resolution No. 2200209 promulgated on May 18, 2022. The policy will take effect 15 days after its publication (May 31, 2022), or on June 15...

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The Bureau of Quarantine (BoQ) has issued new guidelines on crew change to align with the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) resolution to strengthen the Covid 19 response...

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CIS Bayad Center Inc., the biggest multi-channel payment platform in the Philippines, is introducing an easy-to-use software solution that will increase the income potential of micro-entrepreneurs, who account for nine in every 10 businessmen, including sari-sari stores owners in the country...

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President-elect Ferdinand “Bongbong” Marcos Jr. yesterday received assurance from the German Ambassador to Manila, Anke Reiffenstuel, of her country’s intention to forge stronger bilateral relations with the Philippines, including on maritime security concerns...

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The Presidential Communications Operations Office (PCOO) received yesterday new broadcast equipment from the government of the People’s Republic of China, through the Chinese Embassy here...

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The Department of Agriculture (DA) has made an appeal to the United Nations Food and Agriculture Organization (FAO) to keep food and agricultural markets open amid the ongoing Ukraine-Russia war...

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China “never coerces” and “never threatens” countries, the Chinese Foreign Ministry said...

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President-elect Ferdinand "Bongbong" Marcos Jr. has agreed to promote international rules-based order and the rule of law to maintain peace and stability in the disputed West Philippine Sea...

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The Philippines continue to risk becoming the world’s dumping ground unless it ratifies the Basel Ban Amendment, the group Ban Toxics warned...

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The United States, Britain, France and Germany have submitted a motion to the UN atomic energy watchdog to censure Iran over its lack of cooperation with the agency, diplomats said Tuesday...

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Stock markets struggled on Tuesday on long-running worries over surging inflation and rising interest rates, which overshadowed hopes that China would ease off its regulatory drive against its beleaguered technology giants...

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Novavax's shot is a more traditional type of vaccine employing technology that has been used for decades to combat diseases like influenza...

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The World Bank on Tuesday, June 7, slashed its global growth forecast by nearly a third to 2.9% for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the COVID-19 pandemic, and many countries now faced recession...

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The World Bank said on Tuesday its board of executive directors approved $1.49 billion of additional financing for Ukraine to help pay wages for government and social workers, expanding the bank’s total pledged support for Kyiv to over $4 billion...

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A panel of experts convened by the US drug regulator on Tuesday recommended the Novavax Covid-19 shot, a late runner in the fight against the virus that could nonetheless play a role in overcoming vaccine hesitancy...

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Growing food shortages may represent the same health threat to the world as the COVID-19 pandemic, a leading global health figure has warned...

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The recent emergence of hundreds of cases of monkeypox worldwide has already triggered a flood of misinformation online, much of it modelled on conspiracy theories that have been circulating since the start of the Covid-19 pandemic...

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Apple and other smartphone makers will be required to support USB-C as part of a single charging standard for mobile devices across the European Union by as early as the fall of 2024 under a new law announced Tuesday by EU officials...

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The amount of money needed to aid communities in the face of extreme weather-related emergencies has increased by more than 800% in the past two decades as the climate crisis also rapidly accelerated, new research shows...

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Despite all the buzz about the "Great Resignation" and a renaissance for the working classes in America, a new report finds the gap between executive and worker pay is only widening...

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Street fighting raged Tuesday for control of Ukraine’s flashpoint city of Severodonetsk, with the situation changing “every hour,” an official said, as Kyiv warned its troops were outnumbered by Russian forces...

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British global cyber security provider Sophos recently reported a 94 percent increase in ransomware attacks against organizations...

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The incoming Tourism Secretary said she plans to develop domestic tourism in order not to be left vulnerable to disruptions in international travel, while playing up untapped strengths in food and crafts and continuing to promote areas of outstanding beauty, in a so-called “multi-dimensional” approach to promoting the Philippines as a destination...

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Outgoing Philippine President Rodrigo R. Duterte has asked Filipinos to support and avoid criticizing his successor, whom he called a weak leader during the campaign...

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All offices of the Bureau of Immigration now have access to the International Criminal Police Organization (Interpol) database...

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The Philippine General Hospital (PGH) on Tuesday has urged patients to go to other hospitals in the meantime, since its emergency room is filled with non-Covid cases...

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An American election forensic expert presented by a Filipino-American civic group on Tuesday said he did not find “substantial” fraud in the May 9 elections to alter the outcome of the votes for president and vice president...

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Large COVID vaccination sites in Manila and other parts of the country are now starting to close down as the government prepares to institutionalize the inoculation program, a Department of Health (DOH) official said yesterday...

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The National Disaster Risk Reduction and Management Council (NDRRMC) on Tuesday said total damages to agriculture from the ashfall of Bulusan Volcano's phreatic explosion over the weekend have reached an initial P20.2 million...

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The Department of Health (DoH) on Tuesday reported three more cases of the highly transmissible Covid-19 Omicron BA.5 subvariant...

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The Alliance of Concerned Teachers (ACT) urged the Commission on Elections (Comelec) on Tuesday to hasten the processing and distribution of the promised P2,000 additional compensation for teacher-poll workers who rendered extra hours of service on May 9...

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Opposition Sen. Leila de Lima on Tuesday urged the Department of Justice (DOJ) to conduct a “more comprehensive and public accountable” investigation of the alleged falsified death certificates of some drug war victims...

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The Palace this week refused to suspend the collection of excise taxes on oil products to provide relief to consumers struggling under the weight of constantly increasing fuel prices, saying it would leave it to the incoming Marcos administration to address the problem...

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President-elect Ferdinand “Bongbong” Marcos Jr. has ordered a review of budgets for different government agencies so that some funds could be “recast” to the health and education sectors, incoming Labor Secretary Bienvenido Laguesma said Tuesday...

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Emergency rooms of two big government hospitals have seen a deluge of non-COVID-19 patients over the past week, forcing them to open other facilities or direct patients with non-life-threatening conditions to other medical facilities...

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Independent pandemic monitor Octa Research on Tuesday marked a slight increase in the reproduction number (R0) of COVID-19 cases in Metro Manila, but said the capital region remained under the “low risk” classification...

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Ethel Sorongon, a Grade 2 teacher at a public elementary school in Quezon City, used to spend P5,000 a month on fuel...

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State gaming firm Philippine Amusement and Gaming Corp. (PAGCOR) said it is not taking sides on the intra-corporate dispute in Tiger Resort, Leisure and Entertainment Inc. (TIGER) which operates casino giant Okada Manila...

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The Ombudsman has charged with corruption 43 former Immigration officials who allegedly extorted money from Chinese nationals in exchange for a trouble-free entry to the country...

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An official of the Department of Energy (DOE) is pushing for the deployment of small modular reactors (SMR) in island provinces, saying this will improve the reliability of energy supply in off-grid areas...

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Dengue cases in Negros Occidental have increased by 357 percent during the first five months of this year compared to the same period last year, local health officials reported yesterday...

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Bangko Sentral Governor and incoming Finance chief-designate Benjamin Diokno is not worried about the country's rising debt, as this is part of the outgoing administration's medium to long-term plan to bounce back from the economic impacts of the pandemic...

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Rising consumer prices would make it more challenging for the incoming administration to significantly reduce the number of poor Filipinos, according to local economists...

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The Philippines will likely follow its interest-rate increase last month with at least two more hikes to curb inflation, according to the central bank’s incoming governor...

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HSBC Global Private Banking trimmed its Philippine growth outlook to 5.7% this year, which is slightly below the government’s 7-8% target, citing the impact of the slowing global economy and soaring inflation...

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Lenders left the rediscount facility of the central bank untouched in May as there was ample liquidity in the financial system...

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Filipinos may find it even more difficult to make ends meet as rice prices may increase by as much as P6 per kilogram by the end of this year due mainly to the rising cost of production that could, in turn, dissuade farmers from planting the staple...

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Magsasaka party-list Rep. Argel Cabatbat said on Tuesday that President-elect Ferdinand Marcos Jr.’s “aspiration” of bringing rice prices down to P20 per kilogram would be possible only if farmers were given full government support...

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The Cordillera requires P75.5 billion for the next 10 years to improve its farming economy under a modernization plan that would be submitted to the incoming administration of President-elect Ferdinand Marcos Jr., an official said on Tuesday...

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The government may cut the budget deficit to as low as 3.2 percent of gross domestic product (GDP) by 2025 if it pursues the consolidation plan proposed by the Department of Finance...

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The Department of Finance (DoF) revealed on Tuesday that the Fiscal Incentives Review Board (FIRB) Secretariat discovered that the government had lost billions of pesos in tax benefits for the defunct Hanjin shipyard at Subic freeport...

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Expensive oil spilled over to food prices in May and brought headline inflation to a 42-month high of 5.4 percent, the government reported on Tuesday (June 7)...

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The Department of Finance (DoF) said infrastructure spending need not be “sacrificed” in the process of reducing the budget deficit, which is expected to contract even with no new taxes and shrink even faster if the government can find additional funding of P250 billion a year...

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The Marcos campaign pledge to bring down the price of rice to P20 per kilogram (/kg) is achievable with “full support” from the government, including a budget of about P400 billion to upgrade production, a party-list legislator said on Tuesday...

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The Philippine peso might resist pressure and buckle the Asian currency retreat, but it is losing its purchasing power. Prices are on the rise, petroleum products are skyrocketing, essential commodities are rising and transportation and many other things. Inflation hit 5.4 percent in May and is moving away from the target...

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Fuel price increases, already a burden to motorists and public utility vehicle (PUV) drivers, are expected to continue in the next few weeks, an official of the Department of Energy (DOE) said Wednesday...

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The stock market ended in positive territory yesterday, ignoring the three-year high inflation of 5.4 percent in May, analysts said...

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Exporters are also bearing the brunt of the shipping crisis as they have to pay higher freight costs to ship their products...

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The Philippines’s food supply continues to reel from persisting global logistics problems, such as lack of vessels and port congestion, forcing delayed arrivals of certain commodities such as french fries, cheese curd and even chicken leg quarters (CLQ)...

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