Philippines lags in national technological strength list

Source BusinessWorld

After the outgoing Duterte administration vowed tax cuts for the poor and middle class, it now wants to go back on its word and defer tax breaks as well as impose new taxes to pay for the P5.3-trillion debt it contracted but will leave to the next administration when it exits on June 30...

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The national government provided state-owned firms less subsidies in April than a year before, with the National Food Authority (NFA) receiving the majority of the funds...

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The Philippines remains on track to becoming an upper middle income country (UMIC) by next year, but local economists said the government must not be fixated with this, given the fiscal challenges confronting the incoming administration...

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The National Economic and Development Authority (NEDA) has joined calls for the ratification of the Regional Comprehensive Economic Partnership (RCEP) agreement this week...

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Labor officials will push for mainstreaming of safe working conditions amid the pandemic as well as the standardization of apprenticeship schemes during the ongoing 110th Session of the International Labor Conference (ILC)...

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The Philippines is counting on the world’s shift to green technology and the pandemic-induced demand for data centers to boost investments in its mining industry, a top official said...

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Foreign Secretary Teodoro Locsin Jr. on Sunday ordered the repatriation of Filipinos in Sri Lanka who want to return home amid the ongoing economic crisis that hit the country...

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International travelers can now complete the new Currencies Declaration Form (CDF) online after the central bank updated the rules on cross-border currency transfers...

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An official of the Department of Energy (DOE) is proposing to expand the lifeline subsidy to P800 every month for households consuming 100 kilowatt per month during the first 100 days in office of President-elect Ferdinand Marcos Jr...

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The Philippine Economic Zone Authority (PEZA) is recommending a review of existing laws affecting investments and institutionalizing the work-from-home (WFH) arrangement under the new administration...

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Tourism stakeholders welcomed the further easing of travel restrictions to the Philippines, with inbound passengers no longer requiring uncomfortable, tears-inducing nasal swabs prior to departure from their ports of origin...

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The House of Representatives has recently ratified the proposed “Extended Producer Responsibility Act of 2022.”...

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The Senate and the House of Representatives were prodded to frontload final passage of a tougher gun law providing stiffer penalties against “indiscriminate firing of guns.”...

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A labor group said it is backing the calls in Congress to amend the law governing the Philippine Health Insurance Corp. (PhilHealth) for imposing “exorbitant” premiums on overseas Filipino workers (OFW)...

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The Bangko Sentral ng Pilipinas (BSP) announced the Monetary Board approval of further amendments to the rules on cross-border transfer of currencies, allowing international travelers to accomplish the new currencies declaration form (CDF) online...

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Senator Nancy Binay on Sunday thanked the Inter-Agency Task Force for the Management of Emerging Infectious Diseases and the Commission on Higher Education for their move to repeal the policy requiring students in higher education institutions (HEIs) to have medical insurance before participating in in-person classes...

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Camarines Sur Rep. LRay Villafuerte is hoping the next Congress would pass a “township revitalization” bill to brace for economic turbulence that could hit developing countries this year and onwards...

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Incoming Finance Secretary Benjamin E. Diokno is eyeing the imposition of taxes on digital transactions and streaming services such as Netflix and Spotify...

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The Philippine Chamber of Commerce and Industry (PCCI) is batting for a legislation on geographical indication (GI) to protect various sectors and generate income for the domestic economy...

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The Department of Science and Technology (DOST) and the Philippine Navy have jointly developed a remote-controlled weapon system, seen as a step toward the revival of the country’s vision of building its own defense industry...

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A company just brought to life a product straight out of science fiction after developing a contact lens that also functions like a smartphone...

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The COVID-19 jabs bought by the Philippine government through loans extended by the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) have been above-board, the multilateral lenders said...

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After, at first, flagging a potentially disastrous Marcos Jr. presidency for an economy still reeling from its pandemic-induced slump, London-based think tank Capital Economics has made a turnaround, praising the president-elect for “picking competent economic managers.”...

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Chinese coast guard and militia vessels harassed Philippine ships in back-to-back incidents in Ayungin (Second Thomas) Shoal in the West Philippine Sea in April, according to a US think tank...

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The World Health Organization said on Sunday that monkeypox constitutes a “moderate risk” to overall public health at global level after cases were reported in countries where the disease is not typically found...

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Russia claimed to have overrun a key rail hub while its troops fought Ukrainian defenders in the streets of another city in eastern Ukraine...

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Policy makers and the researchers who advise them now have a powerful new tool, according to the Food and Agriculture Organization (FAO) of the United Nations...

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Top North Korean officials discussed revising anti-epidemic restrictions on Sunday, May 29, as they assessed the situation over the country’s first acknowledged COVID-19 outbreak was “improving,” state media reported...

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Russian Foreign Minister Sergei Lavrov on Sunday denied speculation that President Vladimir Putin was ill, saying there were no signs pointing to any ailment...

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Sri Lankan Prime Minister Ranil Wickremesinghe said on Sunday his government was working to make the president and Cabinet accountable to parliament after weeks of street protests triggered by the worst economic crisis in decades...

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Spraying a cow with pesticides, health workers target blood-sucking ticks at the heart of Iraq’s worst detected outbreak of a fever that causes people to bleed to death...

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The Russian navy on Saturday conducted another test of a prospective hypersonic missile, a demonstration of the military's long-range strike capability amid the fighting in Ukraine...

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The United States expressed concern on Saturday over China’s “efforts to restrict and manipulate” the UN human rights chief’s visit to the Xinjiang region where Beijing is accused of detaining over a million people in indoctrination camps...
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The United States expressed concern on Saturday over China’s “efforts to restrict and manipulate” the UN human rights chief’s visit to the Xinjiang region where Beijing is accused of detaining over a million people in indoctrination camps...

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Louis Bloomsfield inspects the kegs of beer at his brewery in north London, eagerly awaiting June when he will get an extra day off every week...
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To speed up the country's economic resurgence, the government should start easing out of a public health emergency status and begin streamlining restrictions, Presidential Adviser for Entrepreneurship Jose Ma. "Joey" Concepcion 3rd said Sunday...

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ACT-Teachers party-list Rep. France Castro urged Congress on Sunday to speed up the passage of a bill exempting the honoraria and allowances of poll workers from tax as a sign of gratitude for their service in the last elections...

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Daily tourist arrivals have increased significantly but are still some ways off the prepandemic level, the Bureau of Immigration (BI) reported on Saturday...

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The government is now just about seven million short of its target to vaccinate 77 million people by the end of June, or before President Duterte steps down from office...

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The Department of Transportation wishes to “seek a verifiable basis” on a study that named the country’s Ninoy Aquino International Airport (NAIA) as the “worst business class airport in the world”...

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The National Press Club (NPC) of the Philippines has passed a special resolution calling on the incoming Marcos administration to continue supporting the operation of the Presidential Task Force on Media Security (PTFoMS) by transforming the body into a commission...

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No election results data will be lost with the shutdown of three Automated Election System (AES) servers of the Commission on Elections used in the May 9, 2022 polls...

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Incoming Trade Chief Alfredo E. Pascual noted that ease of doing business (EODB) is an area that will be addressed by the Department of Trade and Industry (DTI) under his watch...

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There was a “slight increase” in COVID-19 admissions in private hospitals in the country, but the hospital utilization rate remains “manageable” despite the local transmission of an Omicron subvariant, the Private Hospital Association of the Philippines (PHAPI) said on Saturday...

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With the end of the electoral process, the Commission on Elections (Comelec) will shut down its automated election system (AES) servers and network infrastructure on Monday...

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The Philippines recorded 200 new COVID-19 cases on Sunday, data from the Department of Health showed...

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Five barangays in Zamboanga City were placed by authorities in the "red zone" due to confirmed cases of African swine fever among hogs, according to a report on 24 Oras Weekend on Sunday...

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The Private Hospitals Associations of the Philippines Inc. (PHAPI) on Sunday played down concerns about the reported rise in dengue and COVID-19 infections, saying these are still manageable for now...

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A private hospital group is hoping for better and seamless transactions with the Philippine Health Insurance Corporation (PhilHealth) as the government prepares for the takeover of the new administration...

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Senator Francis Tolentino wants to investigate the reported ₱843.9 billion net loss of the Social Security System (SSS) in 2021, as indicated in its unaudited financial statements...

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President Rodrigo Duterte’s “final legacy” to the Filipino people shall be the smooth transition of power to President-elect Ferdinand “Bongbong” Marcos Jr., Malacañang said on Sunday...

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With most areas in the country under Alert Level 1, Presidential Adviser for Entrepreneurship Joey Concepcion believes it might be time to consider easing the country out of a public health emergency status and focusing more on the economy...

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Philippine shares would track movements overseas and upcoming announcements from President-elect Ferdinand “Bongbong” Marcos Jr.’s economic team, led by incoming Finance Secretary Benjamin Diokno...

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Fisheries production in the first three months of 2022 declined slightly as commercial and marine municipal fisheries subsectors pulled down output, according to the Philippine Statistics Authority (PSA)...

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Bangko Sentral ng Pilipinas Gov. Benjamin Diokno expects to prioritize the implementation of existing tax measures over pushing for new tax laws when he takes over as Secretary of Finance, having answered the call to lead incoming President Ferdinand Marcos Jr.’s economic team...

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Local food producers are bucking the extension of lower pork tariffs and reduction of corn tariffs, arguing that it is better to boost domestic production amid tightening global supply of commodities...

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The Department of Finance (DoF) has urged the next administration to continue and build on the outgoing administration's hard-won reforms in order to maintain economic development...

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Labor groups batted for the full implementation of the hybrid work system, citing a study that showed Filipino employees saved more when this scheme was implemented at the height of the pandemic...

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April saw net inflows of short-term investments worth $1.4 billion due to the country’s improving economy, reversing net outflows recorded in March and April of 2021...

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Despite opposition, the country’s nuclear power program faces brighter prospects under the new administration as president-elect Ferdinand Marcos Jr. openly supports the inclusion of nuclear power in the energy mix...

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The government tempered its expenditures in April, particularly subsidies for state-run firms, to book a budget surplus for the first time in nearly two years...

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The incoming administration has the opportunity to pursue P450-billion worth of investment leads from 250 foreign companies engaged in modern industries and services, Trade Secretary Ramon Lopez said over the weekend...

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The Department of Transportation has disputed a recent study that tagged the Ninoy Aquino International Airport as the “worst business class airport in the world,” saying its claims are “unsubstantiated.”...

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Agriculture groups renewed calls for a higher budget for the Department of Agriculture (DA) to help develop the local sector amid a looming food crisis in the country...

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Operations of some local restaurants are being hampered by global supply chain disruptions, which have caused shortages of some food items and driven prices higher...

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The National Telecommunications Commission (NTC) expects more foreign satellite broadband providers to enter the Philippines after its approval of the registration of Starlink Internet Services Philippines, Inc., subsidiary of Elon Musk’s Space Exploration Technologies Corp. (SpaceX)...

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The Philippines’ construction industry will continue to recover in the coming quarters as pandemic-related restrictions are eased, but rising fuel prices, which result in higher construction costs, will remain the main challenge, analysts said...

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Foreign visitors have totaled 517,516 as of May 25, since the reopening of borders with minimal quarantine requirements in February, according to the Department of Tourism (DoT)...

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The Philippines’ construction industry will continue to recover in the coming quarters as pandemic-related restrictions are eased, but rising fuel prices, which result in higher construction costs, will remain the main challenge, analysts said...

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Buoyed by the almost full reopening of the economy post-Covid-19 and post-election, Australia’s Macquarie Bank gave a projection that the country’s economic growth should be intact at 6.2 percent this year...

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The Philippines’ construction industry will continue to recover in the coming quarters as pandemic-related restrictions are eased, but rising fuel prices, which result in higher construction costs, will remain the main challenge, analysts said...

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