October 26, 2022
Philippines’ internet freedom ‘partly free’
Source BusinessWorld
Despite inflation, 6.5% growth still possible
BusinessMirror, October 26, 2022
Jasper Y. Arcalas
In its latest Market Call report, First Metro Investment Corporation-University of Asia and the Pacific (FMIC-UA&P) Capital Market Research said the upcoming Christmas season would fuel economic growth through higher employment...
Stocks extend gains on positive sentiment
Philippine Star, October 26, 2022
Iris Gonzales
The Philippine stock market stayed in positive territory yesterday with investors anticipating strong third quarter corporate earnings...
Climate impact to cut GDP by 7.6% in 2030
The Manila Times, October 26, 2022
Eireene Jairee Gomez
Economic damage from climate change could reduce the gross domestic product (GDP) of the Philippines by as much as 7.6 percent by 2030, the World Bank said in a report...
Digitalization key to MSME growth – Concepcion
Philippine Daily Inquirer, October 26, 2022
“There has never been a better time to become an entrepreneur as today when digital technology is making it easier for MSMEs (micro, small and medium enterprises) to level up their businesses,” said Go Negosyo founder Joey Concepcion, as he underscored the role of digitalization in making such ventures more competitive...
Government to merge travel arrival procedures, assures BOQ exec
BusinessMirror, October 26, 2022
Ma. Stella F. Arnaldo
The separate entry requirements of different government agencies are being merged to help avoid the confusion and long queues by passengers arriving at the country’s airports from abroad...
Commission hears proposal to extend low tariff regime for pork, rice, corn, coal
BusinessMirror, October 25, 2022
Revin Mikhael D. Ochave
The Tariff Commission (TC) will conduct public hearings regarding proposals to extend the application of lower tariffs for pork, corn, rice, and coal to help minimize the impact of inflation...
Vape law draft IRR imposes obligation on online sellers to verify buyer age, identity
BusinessMirror, October 25, 2022
Revin Mikhael D. Ochave
The draft implementing rules and regulations (IRR) of Republic Act No. 11900 or the Vaporized Nicotine and Non-Nicotine Products Regulation Act (Vape Law) will impose age and identity verification requirements on customers ordering such products online...
Optional use of mask indoors up
Manila Standard, October 26, 2022
Vito Barcelo and Vince Lopez
President Ferdinand Marcos Jr. will issue an executive order making the wearing of face masks indoors voluntary, Tourism Secretary Christina Frasco said Tuesday, saying this would put the Philippines “at par” with its Asean neighbors that have already eased their mask mandates against COVID-19...
Customs issues rules on fast lane for intra-Asean cargos
Philippine Daily Inquirer, October 25, 2022
Ronnel W. Domingo
The Bureau of Customs has issued the guidelines and procedures for the exchange of the Asean Customs Declaration Document (ACDD) as part of the Philippines’ commitment to implement the Asean Single Window (ASW) Agreement...
15 education-related bills get Senate panel nod
The Manila Times, October 26, 2022
Javier Joe Ismael
Sen. Francis "Chiz" Escudero, chairman of the Senate Committee on Higher, Technical and Vocational Education, presided over a hybrid hearing on various education-related measures on Tuesday...
Taguig regulates visiting hours in cemeteries from Oct. 29-Nov. 2
The Manila Times, October 26, 2022
Christian Crow Maghanoy
The Taguig City government has regulated the visiting hours in its cemeteries starting from October 29 until November 2, 2022...
Ilocos Norte as PH garlic capital pushed
Philippine Daily Inquirer, October 26, 2022
Jeannette I. Andrade
The House Committee on Agriculture and Food on Tuesday approved on second reading a bill declaring Ilocos Norte as the garlic capital amid the country’s heavy reliance on imports to meet local demand...
Service eyed to aggregate MSME e-commerce hubs
BusinessMirror, October 26, 2022
Andrea E. San Juan
The Philippine government is eyeing to launch by the end of the year a service that aggregates e-commerce platforms which could benefit small entrepreneurs, according to the Department of Information and Communications Technology (DICT)...
Philippines partners with Singaporean group to promote digital transformation
Philippine Star, October 26, 2022
Catherine Talavera
The Philippines is partnering with a Singapore-based non-profit group to collaborate in the promotion of innovation and digital transformation...
China envoy: We offer wider market for PHL goods
BusinessMirror, October 26, 2022
Lito U. Gagni
China has offered a wider market for Philippine products as it crafts a policy on modernization that is inclusive for other developing countries...
China seeks resumption of oil, gas exploration talks
Philippine Daily Inquirer, October 26, 2022
Tina G. Santos
Chinese Ambassador to the Philippines Huang Xilian on Tuesday said that Beijing remains open to working with Manila on oil and gas exploration to help address the energy demand of both parties...
Senators firm up PHL-France bilateral ties with Paris visit
BusinessMirror, October 26, 2022
Butch Fernandez
Senate President Juan Miguel Zubiri and Senate President Pro Tempore Loren Legarda, taking advantage of the Congress session break, led a delegation of Philippine senators set to meet with their French counterparts to firm up and enhance bilateral ties between Manila and Paris...
Fossil fuel dependence risks current and future health: experts
Philippine Star, October 26, 2022
Patrick Galey, Agence France-Presse
Over-reliance on fossil fuels is worsening the health impacts of global crises such as climate change, pandemics and food security, an international team of experts said Wednesday in a dire assessment of humanity's energy strategy...
WTO chief wants revamp of farm trade rules
The Manila Times, October 26, 2022
Agence France-Presse
The leader of the World Trade Organization (WHO) wants an overhaul of farm trade rules, which have been stuck in the mud for more than two decades, a statement from the global trade body said on Tuesday...
UN Security Council discusses Russia 'dirty bomb' claim
Philippine Star, October 26, 2022
Agence France-Presse
Russia insisted before the UN Security Council Tuesday that Ukraine planned to detonate a "dirty bomb" in the war zone, but Western diplomats said Moscow provided no evidence to support the claim...
Saudi blasts release of oil reserves 'to manipulate markets'
Philippine Star, October 26, 2022
Agence France-Presse
Saudi Arabia's energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to "manipulate markets", the latest apparent salvo in a spat with Washington over oil production...
Force firms to reveal their impact on nature: major businesses
Philippine Star, October 26, 2022
Agence France-Presse
Businesses must be compelled to reveal their impact on nature, more than 300 firms said in an open letter to world leaders published on Wednesday ahead of crunch United Nations negotiations to halt catastrophic biodiversity loss...
China’s yuan plunges to 15-year low
Philippine Star, October 26, 2022
Agence France-Presse
China’s yuan hit a 15-year low against the US dollar yesterday, with investors spooked after President Xi Jinping gained complete dominance over the Communist Party at a key meeting last week...
Greening global economy brings dependence on critical materials on critical minerals
Philippine Star, October 26, 2022
Agence France-Presse
After nearly a century of geopolitical tension over access to oil, experts worry that the global transition to clean energy is creating new dependencies on the critical minerals needed for solar panels, wind turbines and electric vehicle batteries...
Global economy approaching a recession, central banks unchained – Reuters
Philippine Daily Inquirer, October 26, 2022
Reuters
The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation...
Taiwan: No yielding to China's aggression
The Manila Times, October 26, 2022
Associated Press
Taiwan won't back down in the face of "aggressive threats" from China, the self-ruling island's leader Tsai Ing-wen said on Tuesday, comparing growing pressure from Beijing to Russia's invasion of Ukraine...
Video games could improve children's brain – study
The Manila Times, October 26, 2022
Agence France-Presse
Parents often worry about the harmful impacts of video games on their children, from mental health and social problems to missing out on exercise...
Oil falls on build in U.S. crude oil stocks, stronger dollar
Philippine Daily Inquirer, October 26, 2022
Reuters
Oil prices fell in early trade on Wednesday as the dollar firmed and as industry data showing U.S. crude oil stockpiles rose more than expected reinforced fears of a global recession that would cut demand...
P2.5-B sweetened beverage taxes at risk from sugar lack
BusinessMirror, October 26, 2022
Jovee Marie De La Cruz
If industrial beverage makers fail to get sugar for their operations, the government could lose as much as P2.5 billion per month in taxes from sweetened beverages under Republic Act 10963 or the TRAIN Law, according to the chairman of the House Committee on Ways and Means...
Gov’t to boost STEM courses through scholarship
Manila Standard, October 26, 2022
Vito Barcelo and Vince Lopez
President Ferdinand Marcos Jr. has ordered the Department of Information and Communications Technology (DICT) to offer scholarships to students in the Science, Technology, Engineering, and Mathematics (STEM) track program...
Doctors offered, declined DOH top post
Manila Standard, October 26, 2022
Many doctors have been offered the position of Health Secretary by the Marcos administration but have declined due to several factors, former Department of Health chief Janette Garin said Tuesday...
VP Duterte: No ‘rebranding’ of martial law; New Society a ‘historical fact’
Philippine Daily Inquirer, October 26, 2022
Mariejo S. Ramos
Vice President and Education Secretary Sara Duterte on Tuesday denied that the Department of Education (DepEd) was “rebranding” the country’s grim martial law history as the “period of the New Society” in learning modules being taught in senior high schools...
Just 3 mental health pros per 100,000 Pinoys; DOH training more
Philippine Daily Inquirer, October 26, 2022
Kathleen de Villa
There are only three mental healthcare professionals for every 100,000 Filipinos, and in a situation where mental health disorders are underreported, the Department of Health (DOH) is training local health workers to be proficient in this discipline to address the shortage...
Private project on Tanay river alarms locals; DENR steps in
Philippine Daily Inquirer, October 26, 2022
Mariejo S. Ramos
Concerned residents in Tanay, Rizal province, have sounded the alarm over a private development project, which they fear will disrupt the natural flow of a river that runs through a protected area...
Villar vows amendments to proposed DA budget
The Manila Times, October 26, 2022
Bella Cariaso
Sen. Cynthia Villar on Tuesday vowed to introduce amendments to the P184.1 billion proposed budget of the Department of Agriculture (DA) as the National Food Authority (NFA) and the allocation for fertilizer importation face P3-billion budget cuts...
Govt needs more IT experts vs cybersecurity
The Manila Times, October 26, 2022
Francis Earl Cueto
Government needs more experts on information technology to battle the growing threat of cybersecurity, the Armed Forces of the Philippines and the Information and Communications Department said on Tuesday...
Kabataan warns vs making masks voluntary even indoor
Philippine Daily Inquirer, October 26, 2022
Gabriel Pabico Lalu
The Kabataan party-list group warns the public against attempts to normalize the COVID-19 pandemic, such as the plan of the Marcos administration to make wearing face masks voluntary even indoors...
COVID-19 positivity rate in Metro Manila decreases further — Octa
Philippine Daily Inquirer, October 26, 2022
Zacarian Sarao
The COVID-19 positivity rate in the National Capital Region (NCR) has been consistently decreasing since Oct. 1, dropping further to 11.6 percent as of Oct. 25 from the previous week’s 14.6 percent, independent monitor Octa Research said Wednesday...
Only 35% of jeepneys have acquired a fare matrix – LTFRB
Philippine Daily Inquirer, October 26, 2022
Trisha Manalaysay
Only 82,000 of the targeted 230,000 — or 35% — of public utility jeepneys have so far acquired a copy of the updated fare matrix that will lallow them to increase their fares, the Land Transportation Franchising and Regulatory Board (LTFRB) said Tuesday...
Business groups back total phaseout of POGOs
BusinessMirror, October 26, 2022
Andrea E. San Juan
Business and economic groups have expressed full support for the complete phaseout of Philippine offshore gaming operators (POGOs) citing “social and reputational costs.”...
BSP to do whatever it takes to rein in inflation
BusinessMirror, October 26, 2022
Jasper Y. Arcalas
The Bangko Sentral ng Pilipinas (BSP) on Tuesday said it is “prepared” to undertake “all necessary” monetary policy action to bring inflation within the national government’s target...
BSP supports govt to moderate food prices
The Manila Times, October 26, 2022
Tiziana Celine Piatos
The Bangko Sentral ng Pilipinas (BSP) said on Tuesday it supports the national government's initiatives to boost the supply of food commodities and address supply side pressures exacerbating inflation...
Palay farmgate prices up in August
Philippine Star, October 26, 2022
Danessa Rivera
The average farmgate prices of palay or unhusked rice increased by 2.3 percent to P17.62 per kilogram in August, latest data from the Philippine Statistics Authority (PSA) showed...
Government fails to meet October borrowing target
Philippine Star, October 26, 2022
Louise Maureen Simeon
The government continues to take a hit from soaring rates as it failed to raise its intended borrowing program for the month, managing to borrow just 60 percent of the P200 billion target...
P2.5-B sweetened beverage taxes at risk from sugar lack
BusinessMirror, October 26, 2022
Jovee Marie De La Cruz
If industrial beverage makers fail to get sugar for their operations, the government could lose as much as P2.5 billion per month in taxes from sweetened beverages under Republic Act 10963 or the TRAIN Law, according to the chairman of the House Committee on Ways and Means...
Sugar producers see imports for years on weak domestic output
BusinessWorld, October 25, 2022
Revin Mikhael D. Ochave
Sugar farmers said they expect imports of the commodity to continue for years due to weak domestic production and the persistence of high input costs...
Real property taxes to boost LGU revenues
Manila Standard, October 26, 2022
Julito G. Rada
Finance Secretary Benjamin Diokno said Tuesday real property taxes will help boost the revenue-generating capacity of local government units...
Consumers eager to normalize seen boosting economy towards yearend
BusinessWorld, October 25, 2022
Luisa Maria Jacinta C. Jocson
The boost to the economy typically provided by the year-end holidays will be given added impetus by consumers seeking to return to normal after the pandemic, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a report...
Rice too pricey? Ex-DOH chief suggests ‘unli kamote’
Philippine Daily Inquirer, October 26, 2022
Julie M. Aurelio
Not only extra “kamote” and “unli” kamote, but also garlic kamote, yang chow kamote, sushi kamote (wrapped in nori, of course), kamote paella and, go figure, kamote tapuy...
'Port partnerships crucial to resilient supply chain'
The Manila Times, October 26, 2022
Genivi Verdejo
Transportation Secretary Jaime Bautista said regional partnerships of port operators will enable supply chain industries to remain resilient against global economic risks...
Food security crucial to economic recovery – Go
The Manila Times, October 26, 2022
Javier Joe Ismael
Sen. Christopher Lawrence "Bong" Go said that food security is crucial for the country to achieve inclusive economic recovery as he urged authorities to address other issues besetting the agriculture sector...
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Publisher: New York, NY: McGraw-Hill Education, [2020]
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Publisher: New York, NY: McGraw-Hill Education, [2020]
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