October 4, 2022
Manufacturing Purchasing Managers’ Index (PMI) of select ASEAN economies, September 2022
Source BusinessWorld
Philippine stocks buck regional downtrend on bargain hunting
Philippine Star, October 4, 2022
Lawrence Agcaoili and Iris Gonzales
Philippine stocks bucked the regional downtrend on last-minute bargain hunting, rising by 42.08 points or 0.73 percent to settle at 5,783.15...
Economic growth unlikely to outpace increase in debt
BusinessWorld, October 4, 2022
Diego Gabriel C. Robles
While the accumulation of new borrowings by the National Government has been on a decline, there is a concern that Philippine economic growth may not be able to outpace the rise in debt...
Metro Manila subway signal for ‘grander dreams’ – Marcos
Philippine Daily Inquirer, October 4, 2022
Jerome Aning, Tyrone Jasper C. Piad
President Ferdinand Marcos Jr. on Monday led the inauguration of a portion of the Metro Manila Subway Project in Pasig City, vowing to pursue more infrastructure projects that will benefit Filipinos...
Peso climb ends, skids to record low 59:$1
Philippine Daily Inquirer, October 4, 2022
Ronnel W. Domingo
The Philippine peso reached another record-low of 59:$1 on Monday after appreciating for three consecutive trading days since closing at 58.99:$1 on Sept. 27...
'Green' energy open to foreigners – DoJ
The Manila Times, October 4, 2022
Franco Jose C. Baroña
Foreigners can own 100 percent of renewable or "green" energy projects in the Philippines, the Department of Justice (DoJ) said...
Phl tells ICC: Don’t interfere
Daily Tribune, October 3, 2022
Alvin Murcia
Solicitor General Menardo Guevarra has stood firm on the government position that there is no need for the International Criminal Court to continue with its planned investigation of the drug war initiated by the administration of President Rodrigo Duterte...
Go pushes creation of Center for Disease Control
The Manila Times, October 4, 2022
Bernadette E. Tamayo
Sen. Christopher Lawrence "Bong" Go vowed to push for the passage of the bills that will create the Center for Disease Control and Prevention (CDC) and the Virology Science and Technology Institute of the Philippines (VIP) to improve the country's preparedness against pandemics...
ERC to restore ‘balance’ in transmission regulation with rates reset
Philippine Daily Inquirer, October 4, 2022
Jordeene B. Lagare
Filipino consumers may feel the impact of lower transmission rates as early as January next year as the Energy Regulatory Commission (ERC) kicked off the reset process for these rates...
‘Lawmakers able to process key bills including ’23 budget’
Manila Standard, October 3, 2022
Maricel Cruz
The House of Representatives has fulfilled its promise to pass vital measures–including the approval on the third and final reading of the proposed P5.268-trillion General Appropriations Bill (GAB)–that are responsive to the needs of the Filipino people...
Senate panel okays DOF 2023 budget
Manila Standard, October 3, 2022
Macon Ramos-Araneta
The Senate approved on Monday the proposed P30.57 billion budget of the Department of Finance (DOF) for 2023, with Finance Secretary Benjamin Diokno saying the appropriation augers well for the country’s robust financial condition...
Solon seeks more incentives for award-winning Pinoy films
Manila Standard, October 3, 2022
Maricel Cruz
Deputy Speaker and Las Pinas Rep. Camille Villar is eyeing more incentives for Filipino filmmakers to support the country’s quest for the coveted but elusive Oscars...
Tulfo eyeing 3-strike rule on rescued streetchildren
Manila Standard, October 3, 2022
Department of Social Welfare and Development (DSWD) Secretary Erwin Tulfo is eyeing a three-strike policy for rescued children who are taken off the streets...
Houses, condos via GCash?
Daily Tribune, October 3, 2022
Cherk Balagtas
It is now possible for mobile users to select, inquire and buy a house or condominium unit through GCash...
CGHMC unveils robot to aid doctors in surgical procedures
Manila Standard, October 3, 2022
The Chinese General Hospital and Medical Center (CGHMC) recently unveiled its brand new, recently acquired Da Vinci Surgical Robot...
UAE to set up ministry in the metaverse
Manila Standard, October 3, 2022
Agence France-Presse
The United Arab Emirates, which already boasts the world’s tallest skyscraper and has launched a bold Mars mission, now hopes to become a pioneer in the depths of the metaverse...
Inflation, tight policy a drag on SEA growth
BusinessMirror, October 4, 2022
Cai Ordinario
High inflation and tightening monetary policy will weigh down growth in Southeast Asian economies this year and next year, according to the United Nations Conference on Trade and Development (Unctad)...
PHL and US Marine forces hold drills to respond to possible regional crisis
BusinessMirror, October 4, 2022
Associated Press
More than 2,500 Philippines and US Marines joined combat exercises Monday to be able to respond to any sudden crisis in a region long on tenterhooks over South China Sea territorial disputes and increasing tensions over Taiwan...
BBM’s Singapore trip productive — Palace
Daily Tribune, October 3, 2022
Edjen Oliquino and Michelle Guillang
President Ferdinand “Bongbong” Marcos Jr. made an unannounced trip to Singapore Sunday to reaffirm the country’s bilateral relations with the neighboring nation at the sidelines of the Singapore Formula 1 Grand Prix, according to Malacañang...
DOJ chief to meet with UN rights execs in Geneva
Philippine Daily Inquirer, October 4, 2022
Tina G. Santos
Justice Secretary Jesus Crispin Remulla is set to meet with high officials of the United Nations Human Rights Council (UNHRC) in Geneva, Switzerland...
Global recession can be avoided with right fiscal policies -IMF’s Georgieva
Philippine Daily Inquirer, October 4, 2022
Reuters
Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International Monetary Fund’s managing director said on Monday...
Japan lifts suspension on multiple-entry visa
Manila Bulletin, October 3, 2022
Joseph Pedrajas
Travelers who want to go to Japan with multiple-entry visas issued before the Covid-19 pandemic can now enter again into the Land of the Rising Sun, the Japanese Embassy announced...
North Korea fires an unidentified ballistic missile, Seoul's military says
Philippine Star, October 4, 2022
Agence France-Presse
North Korea has fired an unidentified ballistic missile, Seoul's military said early Tuesday, part of a record-breaking streak of weapons tests by Pyongyang, as South Korea ramps up military drills with the US...
North Korea defends Russian annexation of Ukraine land
GMA News, October 4, 2022
North Korea voiced support Tuesday for Russia's annexation of areas of Ukraine that its troops occupy, and accused the US and its allies of acting like a gangster by leading a drive at the UN against Moscow's behavior...
UK vows to see Ukraine ‘through to victory’ over Russia
Manila Standard, October 4, 2022
Agence France-Presse
British Foreign Minister James Cleverly will on Tuesday declare that Britain has the “strategic endurance” to see Ukraine “through to victory” over Russia...
China’s factory activity grows marginally in September
Philippine Star, October 4, 2022
Agence France-Presse
China’s factory activity edged back into growth in September after two months of contraction, official data showed Friday, but the country’s strict COVID curbs continued to weigh heavily on demand...
Oil jumps but dollar bruised on US data
ABS-CBN News, October 4, 2022
Agence France-Presse
Oil prices jumped on expectations of an OPEC output cut, while weak US data sent stocks higher amid rising hopes central banks may be able to ease off interest rate hikes...
US defense chief vows to help Taiwan defend itself
Manila Standard, October 3, 2022
Agence France-Presse
The United States will help Taiwan “develop the capability to defend itself” from a Chinese invasion, Defense Secretary Lloyd Austin said on Sunday, stopping short of President Joe Biden’s vow to send troops to the island...
Switzerland has ‘systemic’ racism issues, UN experts say
Rappler, October 3, 2022
Reuters
Switzerland has a serious systemic problem with racism against people of African descent, according to a report presented to the UN Human Rights Council on Monday, Octob er 3, giving a broad range of examples from police brutality to a children’s game...
Wall Street opens fourth quarter on high note as oil surges
GMA News, October 4, 2022
Pete Schroeder, Reuters
US stocks rose sharply on the first day of trading of the fourth quarter as volatile swings continued to dominate markets, while the prospect of reduced supply pushed oil up nearly $4 a barrel...
Swede geneticist wins Nobel for sequencing Neanderthal DNA
The Manila Times, October 4, 2022
Agence France-Presse
Swedish paleogeneticist Svante Paabo, who sequenced the genome of the Neanderthal and discovered the previously unknown hominin Denisova, on Monday won the Nobel Medicine Prize...
Pandemic backpay of health workers released soon–DOH
BusinessMirror, October 4, 2022
Claudeth Mocon-Ciriaco
The Department of Health (DOH) on Monday said it is already coordinating with the Department of Budget and Management (DBM) for the long-awaited release of funds for the healthcare workers (HCWs)...
AMLC hopes to exit grey list of laundering havens after review
BusinessMirror, October 4, 2022
Cai Ordinario
The Anti-Money Laundering Council (AMLC) has frozen a total of P8 billion worth of accounts and real properties linked to various money laundering activities such as drugs, corruption and terrorism over the past two decades...
PCIC outlines insurance coverage plan for 2.3-M farmers, fishers in P4.5-billion proposed 2023 budget
BusinessMirror, October 4, 2022
Jasper Y. Arcalas
State-run Philippine Crop Insurance Corp. (PCIC) aims to insure at least 2.3 million farmers and fishermen, bulk of which being rice farmers, next year with its P4.5-billion proposed budget...
DoE clears Razon takeover as Malampaya operator
BusinessWorld, October 4, 2022
Ashley Erika O. Jose
The Energy department has approved the sale of the 45% stake of Shell Philippines Exploration B.V. (SPEx) in the Malampaya deepwater project to a subsidiary of Razon-led Prime Infrastructure Capital, Inc...
Metro subway a magnet for investors – BBM
The Manila Times, October 4, 2022
Kristina Maralit
President Ferdinand "Bongbong" Marcos Jr. on Monday said he is confident foreign investments will be pouring into the country once the Metro Manila Subway Project (MMSP) is completed in 2028...
DoJ indicts gaming tycoon for casino takeover
The Manila Times, October 4, 2022
Franco Jose C. Baroña
The Department of Justice (DoJ) has recommended the filing of grave coercion charges against Japanese gaming tycoon Kazuo Okada and his associates, including Filipino businessman Antonio "Tonyboy" Cojuangco, in connection with the May 31 takeover of the Okada Manila casino resort...
DepEd policies to blame for COVID-19 cases in schools – ACT
Philippine Daily Inquirer, October 4, 2022
Dona Z. Pazzibugan, Jane Bautista
Reported COVID-19 cases in campuses, as already confirmed by the Department of Education (DepEd), are a result of its “negligence” and “poor health measures,” the Alliance of Concerned Teachers (ACT) said on Monday...
Purge 2023 budget of intelligence funds – Lagman
Philippine Daily Inquirer, October 4, 2022
Julie M. Aurelio
Albay Rep. Edcel Lagman is pushing for a purge of “unnecessary, excessive” confidential and intelligence funds in the P5.268-trillion proposed national budget for 2023, as “no stretch of the imagination or flexibility of logic” can justify the P9.29-billion funds tucked in government agencies...
Palace: Marcos’ Singapore trip for F1 race ‘productive’
Philippine Daily Inquirer, October 4, 2022
Jerome Aning, Julie M. Aurelio
After days of remaining silent on reports that President Ferdinand Marcos Jr. was in Singapore over the weekend to watch the F1 Grand Prix, Malacañang finally issued a brief statement on social media on Monday, saying that his trip to the city-state was “productive.”...
‘Seniority’ requirement despite vacant posts in DOH bothers senators
Philippine Daily Inquirer, October 4, 2022
Daphne Galvez
Some senators are bothered about the practice of “seniority” deploying of doctors in some areas despite the large number of unfilled posts in government hospitals and healthcare facilities...
OCTA sees 4k COVID cases daily in October
Manila Standard, October 4, 2022
With the number of COVID-19 infections in Metro Manila rising, the OCTA Research Group warned Monday the country may record up to 4,000 daily cases in October...
PCSO starts payout to 433 lotto winners
Manila Standard, October 4, 2022
Macon Ramos-Araneta
Around 40 of the 433 bettors who won the P236-million jackpot prize of the Grand Lotto 6/55 draw on Oct. 1 started claiming their prizes at the Philippine Charity Sweepstakes Office (PCSO) office in Mandaluyong City on Monday, some traveling over 10 hours just to do so...
DOJ alarmed over spread of STDs among POGO workers
Philippine Daily Inquirer, October 4, 2022
The Inquirer Staff
The Department of Justice (DOJ) on Monday raised alarm over the alleged spread of sexually transmitted diseases (STDs) among foreign nationals working for Philippine offshore gaming operators (POGOs) in the country...
Lack of matrix on display prevented 235k PUVs to collect new fares
Manila Standard, October 4, 2022
Alena Mae S. Flores
Only 15,000 or about six percent of the targeted 250,000 public utility vehicles (PUVs) nationwide have obtained a copy of the updated fare matrix, and thus were able to charge the new base fare of P12 on Monday, the first day of the implementation of increased fares...
PUV modernization to proceed after being left off 2023 budget
BusinessWorld, October 3, 2022
Arjay L. Balinbin
The Transportation department said it will proceed with the public utility vehicle modernization program (PUVMP) after funding for the program was left off the department’s 2023 budget proposal...
BIR says small taxpayers won’t be focus of agency’s enforcement efforts
BusinessWorld, October 3, 2022
Alyssa Nicole O. Tan
The Bureau of Internal Revenue (BIR) said on Monday that small taxpayers will not bear the brunt of its enforcement actions, adding that its efforts will be focused on medium-sized and large companies...
Philippines suffering from shortage of nursing educators – group
Philippine Star, October 4, 2022
Mayen Jaymalin
The Philippines is experiencing a shortage not only in health care workers (HCWs), but also in nursing educators, according to a professional organization leader...
925k teachers get P1k benefit each on Oct. 5
Manila Standard, October 4, 2022
Maricel Cruz
Over 900,000 public school teachers across the country are set to receive their P1,000 World Teachers’ Day Incentive Benefit (WTDIB) on Oct. 5, the Department of Education and a congressional leader said on Monday...
Win vows to secure more funding for college education
Manila Standard, October 3, 2022
Macon Ramos-Araneta
Apprised that some 400,000 students will be deprived of free college education, Senator Win Gatchalian vowed to find additional funding for next year’s higher education programs...
Consumers seen to pay lower power transmission fees in 2023
CNN Philippines, October 3, 2022
CNN Philippines Staff
Consumers would be charged lower power transmission fees beginning 2023 based on the grid operator’s actual performance for the past six years...
Factory activity improves in Sept.
BusinessWorld, October 4, 2022
Diego Gabriel C. Robles
The Philippines' manufacturing sector expanded for an eighth month in a row in September, as better demand led to growth in output and new orders, S&P Global said on Monday...
NEDA: POGO closures won’t stall recovery
BusinessMirror, October 4, 2022
Cai Ordinario
If the government decides to ban Philippine Offshore Gaming Operators (POGOs) in the country, the economy has enough strength to sustain its recovery in the coming years, according to the National Economic and Development Authority (Neda)...
‘Karding’ agricultural damage climbs to P3 billion–DA report
BusinessMirror, October 4, 2022
Jasper Y. Arcalas
The Philippines’s agricultural damage and losses due to Typhoon “Karding” breached the P3-billion mark after the Department of Agriculture (DA) received and validated additional reports from the affected areas...
‘Abrupt POGO exit spells serious economic damage’
BusinessMirror, October 4, 2022
Butch Fernandez
It is not advisable to “abruptly” shut down all Philippine Offshore Gaming Operators (POGOs) in the country, as such will have a huge economic and social impact for a country already at risk from several “storms” swirling in the global environment, a leading property think tank told senators on Monday...
Government fails to borrow, rejects all T-bill bids
Philippine Star, October 4, 2022
Louise Maureen Simeon
The government failed to borrow again from the domestic debt market, marking seven straight weeks of not being able to raise its target amount as rates continue to soar...
Prices of sugar, other goods up
The Manila Times, October 4, 2022
Bella Cariaso
The retail prices of various agriculture products continue to increase as the cost of refined sugar soared to P110 per kilo despite the earlier projection of the Department of Agriculture (DA) and the Sugar Regulatory Administration (SRA) that the price of sweetener is expected to go down...
Peso closes at P59; analysts see further decline as US dollar gains
BusinessMirror, October 4, 2022
Cai Ordinario
The Philippine peso is expected to weaken further as the US dollar continues to strengthen, according to local analysts...
Oil firms cut pump prices
The Manila Times, October 4, 2022
Eireene Jairee Gomez
Oil companies again lowered their pump prices on Tuesday, Oct. 4, 2022. Caltex, Cleanfuel, Jetti Petroleum, Seaoil, Shell, PetroGazz, PTT Philippines and Unioil slashed diesel prices by P0.45 per liter and gasoline by 0.40 per liter...
DoE to utilize electric vehicles
The Manila Times, October 4, 2022
Eireene Jairee Gomez
The Department of Energy (DoE) on Monday unveiled two units of newly procured plug-in hybrid electric vehicles (PHEVs) and two electric vehicle charging stations (EVCS) in line with the government's policy to enhance energy security through fuel diversification...
PH should boost its digital payments
The Manila Times, October 4, 2022
Tiziana Celine Piatos
The country should concentrate on improving the digital payment platforms InstaPay and PESONet before establishing a central bank digital currency (CBDC), a government official said on Monday...
Investors buoy PH shares on economies’ inflation pitch
Philippine Daily Inquirer, October 4, 2022
Miguel R. Camus
The benchmark Philippine Stock Exchange Index (PSEi) staged a modest rebound on Monday after bargain hunters helped defend the 5,700 support zone...
PH’s move to fully open renewable energy industry to foreigners cheered
Philippine Daily Inquirer, October 4, 2022
Alden M. Monzon
Allowing foreigners full ownership of renewable energy projects in the Philippines will help improve overall business sentiments and lure more investments into the country, according to business groups...
Business group bullish on six-year export plan
Manila Standard, October 3, 2022
Othel V. Campos
Filipino exporters look forward to the new and improved Philippine Export Development Plan 2023 to 2028 which is now in its final stages of completion...
POGO shutdown could cost PH as much as ₱200B annually
CNN Philippines, October 3, 2022
CNN Philippines Staff
The Philippine economy could lose up to ₱200 billion a year if the government decides to shut down operations of Philippine Offshore Gaming Operators (POGO), Leechiu Property Consultants warned...
FEATURED ARTICLE
Julia, B.J.R. (2022). Analyzing the Diversity and Inclusivity of Philippine Exports to the European Union Under the GSP+. Journal of Philippine Development, 46 (2b), 23-47. https://pidswebs.pids.gov.ph/CDN/document/1658391542_62d90bf65963e.pdf
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