Philippines improves in bribery risk rankings; score worsens

Source BusinessWorld

The Philippines improved its ranking in a global index that measures business bribery risks, although its score worsened...

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The Philippines’s economic growth will continue to be robust despite expectations that inflation could linger this year and most of next year, according to Japan-based Mitsubishi UFJ Financial Group (MUFG)...

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The country’s next socioeconomic planning blueprint, the Philippine Development Plan (PDP), may be completed ahead of schedule, according to the National Economic and Development Authority (Neda)...

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The share of the budget deficit to the country’s output slightly softened to 6.5 percent in the third quarter, with a further downtrend seen in anticipation of continued economic growth...

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Two consumers rights groups have expressed wariness about the expected rate hike of the Bangko Sentral ng Pilipinas (BSP) expected today, expressing concerns about the double-sided effect of the measure on the lives of Filipino consumers...

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The Department of Energy (DOE) has moved to amend the implementing rules and regulations (IRR) of Republic Act No. 9513, or The RE Act of 2008, to allow foreign-owned entities to participate in the exploration, development, and utilization of the country’s renewable energy (RE) resources...

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A bill proposing to establish an e-commerce regulator was approved by the House appropriations committee on Wednesday...

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The House of Representatives' Committee on Health approved on Wednesday, subject to amendments, a substitute bill that seeks to create the Health Emergency Auxiliary Reinforcement Team (Heart)...

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The government is closer to moving prisoners convicted of heinous crimes away from the general population after the Department of Justice (DOJ) finished drafting the implementing rules and regulations for the law establishing facilities just for them...

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The Bureau of Immigration (BI) has beefed up its Border Control Information System (BCIS) in anticipation of the influx of overseas Filipino workers (OFWs) this holiday season...

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The US Food and Drug Administration (FDA) for the first time cleared a meat product grown from animal cells for human consumption, the agency announced on Wednesday...

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The local government here on Monday began testing an electric bus (e-bus) after it was chosen as one of the four cities tasked with piloting electric vehicles in the country, a climate change mitigation measure being pushed by the Department of Transportation (DOTr)...

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President Ferdinand “Bongbong” R. Marcos Jr. on Wednesday said he is eyeing to steer discussions in the ongoing 2022 Asia-Pacific Economic Cooperation (APEC) in Thailand towards economic issues, which will benefit the country...

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Fifteen research studies have been presented during the Sustainable Development Goals (SDG) Research Symposium at a university here, all dealing with “sustainable living practices and to promote the United Nations’ [UN] SDGs.”...

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Singapore will soon take over the chairmanship of the Association of Southeast Asian Nations (ASEAN) technical and vocational education and training (TVET) Council (ATC)...

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United States Vice President Kamala Harris will arrive in the Philippines on Sunday to highlight the US' commitment to uphold rules-based maritime law and freedom of navigation in the region amid overlapping claims in the South China Sea (SCS)...

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The United Nations (UN) Human Rights Council should conduct its own probe of human rights abuses in the Philippines after the international community this week urged the Southeast Asian nation to do something about its human rights situation, according to a lawyer...

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The Philippines under President Ferdinand R. Marcos, Jr., will pursue investment commitments that China made to his predecessor, according to the Department of Foreign Affairs (DFA)...

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German companies are expecting their prospects to improve, according to the results of a global survey released by the German-Philippine Chamber of Commerce and Industry (GPCCI)...

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Most Asian markets fell on Wednesday as another positive United States inflation report that fanned hopes of a slowdown in the Federal Reserve's (Fed) rate hike campaign was offset by fresh geopolitical concerns over Ukraine and profit-taking...

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Eleven-year-old Indian climate activist Licypriya Kangujam’s dogged questioning of Britain’s climate minister Zac Goldsmith about the fate of climate activists detained in his country was one of the most striking moments in the COP27 global warming talks so far...

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Leaders of the Group of 20 nations renewed their commitment to keep alive the goal of limiting global warming to 1.5 degrees Celsius and recognized the need to phase down the use of unabated coal, giving hope to boost the climate summit in Egypt...

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The Pentagon's top general warned Wednesday that any Chinese attack on Taiwan would be a strategic mistake as bad as Russia's invasion of Ukraine...

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Western leaders moved to calm fears of a dangerous escalation in Russia’s war in Ukraine Wednesday, saying a missile blast in Poland was likely an accident, while Kyiv pushed back hard at the idea its anti-aircraft fire was to blame...

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Three Ebola vaccine candidates for a planned clinical trial are expected to be shipped toUganda next week, World Health Organization Director-General Tedros Adhanom Ghebreyesus said on Wednesday...

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Multiple Chinese cities have canceled routine mass coronavirus tests this week, days after Beijing announced limited relaxations of its strict zero-Covid policy, which raised hopes of China's eventual reopening...

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Heavy rains behind floods that killed over 600 people in Nigeria this year were about 80 times likelier because of human-induced climate change, scientists reported Wednesday...

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US President Joe Biden and his British counterpart Rishi Sunak called Russian President Vladimir Putin's targeting of Ukrainian civilians "barbaric" on Wednesday at a G20 summit in Bali...

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Recorded crimes in the country from January to November 13 of this year dropped by 2.66 percent, the Philippine National Police (PNP) reported...

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President Ferdinand R. Marcos Jr. said the government is now closer to achieving his commitment of bringing down the price of rice to P20 per kilo...

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In-person classes will be required in higher education institutions (HEIs), which may however opt for a hybrid setup, starting in the second semester of the academic year 2022 to 2023, the Commission on Higher Education (CHEd) announced on Wednesday...

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Senate Minority Leader Aquilino Pimentel III on Wednesday twitted Justice Secretary Jesus Crispin Remulla for claiming before the United Nations Human Rights Council (UNHRC) that there is no culture of impunity in the Philippines...

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Sen. Alan Peter Cayetano on Tuesday criticized the proposed P256.7-billion funding of the Department of Public Works and Highways (DPWH) for repairs of roads, bridges and dikes in 2023, which, he said, seemed to indicate the poor quality of its infrastructure projects over the years...

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The country’s mining industry has been “decarbonizing” its operations and has developed processes to recycle mine tailings to help beat climate change, mine leaders said at this year’s Mine Safety and Environment Conference here...

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The Department of Tourism (DOT) is seeing 2.4 million overseas visitors arrivals by the end of the year, its chief Christina Frasco said on Thursday...

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The National Irrigation Administration (NIA) is in “silent chaos” and “confusion” over the suspension order slapped by the Office of the Ombudsman against its chief Benny Antiporda, according to one of the agency’s lawyers...

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Malacañang on Wednesday released Proclamation 90 amending an earlier circular listing the regular and special holidays for 2023...

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Another milestone in the implementation of the Bangsamoro Organic Law (BOL) has been reached after the Congress-Bangsamoro Parliament Forum convened for the first time on Tuesday, focusing on strengthening ties between the national government and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM)...

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Organized labor has called on Regional Tripartite Wages and Productivity Boards (RTWPBs) across the country to convene and discuss the sector's clamor for a new round of increase for daily wage earners amid the rising cost of basic commodities and services...

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Environment Secretary Maria Antonia Yulo-Loyzaga wants Congress to conduct an inquiry into the complexities hounding the Masungi Georeserve in Rizal province...

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An extremely urgent motion to stop the implementation of the law resetting the village and youth polls to next year has been filed anew by veteran election lawyer Romulo Macalintal even as the Supreme Court has yet to come out with a resolution on his first petition...

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The Energy Regulatory Commission (ERC) has started the nationwide roll-out of review of power supply agreements (PSAs) to assist electric cooperatives (ECs) formulating immediate and midterm measures to address the high cost of electricity in the country...

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With zero intelligence funds in its proposed 2023 budget, can the Department of Information and Communications Technology (DICT) clamp down on rampant threats to the country’s cybersecurity?...

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Basic education students in Rizal province and two cities in Metro Manila will be taught about protecting the country’s watershed areas like the Masungi Georeserve in the Sierra Madre range under a training program tailored for those communities...

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The Philippine Ports Authority (PPA) on Wednesday reported a surge in passenger traffic from July to September this year as economic activities rebound from the pandemic...

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An intense battle to stem currency declines in the face of dollar strength is reminding some emerging markets of the trauma inflicted by the 1997 Asian financial crisis. Just ask authorities in the Philippines...

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The volume of cargo discharged and loaded at the local ports recently showed a nearly 3-percent decline as demand for shipping goods and raw materials slowed down amid rising consumer prices...

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Vehicle sales in the Philippines last October grew 42.4 percent year-on-year, continuing its double-digit ascent, albeit a bit slower compared to the last two months, according to data from the local automobile industry...

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Electricity spot market prices averaged P8.08 per kilowatt-hour (kWh) as of Nov. 13, according to the initial reading of the Independent Electricity Market Operator of the Philippines (Iemop)...

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The peso closed weaker on Wednesday, losing 14 centavos to end the day at P57.35 to the dollar...

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MUFG, a leading financial services group and one of the largest banking institutions in Japan, maintained on Wednesday its projection of a 6.7-percent GDP growth for the Philippines this year, taking into account the strong 7.6-percent expansion in the third quarter and 7.7 percent in the first nine months...

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