September 14, 2022
Philippines slips in economic freedom index
Source: BusinessWorld
Search on for next UP president
Philippine Star, September 14, 2022
Janvic Mateo
The University of the Philippines (UP) has opened the nominations for the next university president who will serve a six-year term starting next year...
PHL declines in global economic freedom index
BusinessWorld, September 14, 2022
Kyle Aristophere T. Atienza
The Philippines economic freedom ranking dropped three places, amid lower scores for regulation and trade freedom in a global report measuring 2020 data...
‘Philippines now top investment destination’
Philippine Star, September 14, 2022
Catherine Talavera
The Board of Investments (BOI) recently held a roadshow in Metro Manila to present the strategic investments priorities plan or SIPP as part of efforts to attract more investments into the Philippines...
Marcos orders all sugar output for domestic use
Philippine Daily Inquirer, September 14, 2022
Jordeene B. Lagare, Melvin Gascon
The country is allotting its entire sugar production for the current crop year for local consumption to help alleviate the tight supply and stabilize prices in the market...
No new COVID surge seen despite eased rule on face masks
Philippine Daily Inquirer, September 14, 2022
Kathleen de Villa
The easing of face mask rules in uncrowded outdoor spaces will not lead to a resurgence of COVID-19 infections, pandemic monitor OCTA Research predicted on Tuesday, citing case trends in countries with similar masking policies...
LGU debt applications down 72 percent
The Manila Times, September 14, 2022
Tiziana Celine Piatos
Debt applications by local government units (LGUs) declined by 72.53 percent to P21.04 billion in the eight months to August, the Bureau of Local Government Finance (BLGF) said...
UP archaeologists discover Ice Age human occupation in Pilanduk Cave, Palawan
Philippine Daily Inquirer, September 14, 2022
Zacarian Sarao
New discoveries proving the human occupation of Pilanduk Cave in Palawan 20,000 to 25,000 years at the height of the last ice age were unearthed by a team of archaeologists from UP Diliman (UPD) and the National Museum...
NTC orders telcos to block links to known malicious sites
BusinessMirror, September 14, 2022
Lorenz S. Marasigan
The National Telecommunications Commission (NTC) has ordered all telcos to “block or deactivate” links from malicious sites identified by government and law enforcement agencies...
Senate OKs medium-term fiscal framework; Koko votes ‘no’
BusinessMirror, September 14, 2022
Butch Fernandez
The Senate majority bloc, overwhelming one negative vote and one abstention, has swiftly approved Concurrent Resolution No. (CRN) 3 backing the national government’s 2022-2028 Medium-Term Fiscal Framework (MTFF) calling for the alignment of all economic recovery programs and measures with legislative priorities...
House OKs bill for BSKE postponement
BusinessMirror, September 14, 2022
Jovee Marie De La Cruz
With only a little more than three months to spare before the scheduled barangay polls, the House of Representatives on Tuesday approved on second reading the consolidated proposal postponing the December 2022 Barangay and Sangguniang Kabataan elections (BSKE) to December 4, 2023...
DOF issues rules on LGU tax, fees on service contractors
BusinessMirror, September 14, 2022
Finance Secretary Benjamin E. Diokno issued Local Finance Circular (LFC) 001.2022 on September 1, 2022, which provides guidelines on the imposition of local business tax (LBT), fees and charges on service contractors...
PBBM halts ARB payment of land amortization, interests
BusinessMirror, September 14, 2022
Jonathan L. Mayuga and Samuel P. Medenilla
President Ferdinand “Bongbong” R. Marcos Jr. marked his 65th birthday on September 13 with the signing of an executive order (EO), declaring a moratorium on payment of land amortization interests, Department of Agrarian Reform (DAR) Secretary Conrado Estrella III announced on Tuesday...
All sugar output now for local use
BusinessMirror, September 14, 2022
Luisa Maria Jacinta C. Jocson
The Sugar Regulatory Administration (SRA) on Tuesday issued an order allocating all raw sugar output in the coming crop year for the domestic market...
House bill wants tobacco smuggling classified as economic sabotage
Philippine Daily Inquirer, September 14, 2022
Julie M. Aurelio
Two lawmakers want to amend the 2016 Anti-Agricultural Smuggling Act to include and classify the smuggling of tobacco, both in its raw form and finished product, as economic sabotage...
Concerns remain over draft rules for BOT Law
BusinessWorld, September 14, 2022
Diego Gabriel C. Robles
While stakeholders generally welcomed the draft revisions to the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law, there is still concern over some of its provisions...
NTC orders telcos to deactivate, block links in scam text messages
BusinessWorld, September 13, 2022
Ashley Erika O. Jose
The National Telecommunications Commission (NTC) has directed telecommunication companies to block or deactivate domains and uniform resource locators (URLs) contained in scam text messages...
House bill seeks to confer ‘national significance’ status to gas projects
BusinessWorld, September 13, 2022
Matthew Carl L. Montecillo
A bill filed in the House of Representatives proposes to classify natural gas projects as strategic, entitling them to expedited permit processes...
Poe pushes SIM card registration bill anew to end scammers’ anonymity
Philippine Daily Inquirer, September 13, 2022
Daniza Fernandez
Amid the influx of pesky scam messages, the subscriber identity module (SIM) card registration bill will eradicate individuals perpetrating crimes “under the shadow of anonymity,” Senator Grace Poe stressed anew on Tuesday...
Stock trading via GCash to start by November — PSE
BusinessMirror, September 14, 2022
Justine Irish D. Tabile
The Philippine Stock Exchange (PSE) has tied up with GCash to allow subscribers of the mobile payment platform to directly invest in the stock market, the local bourse’s top official said on Tuesday...
Marcos maintains intention not to rejoin ICC, says ‘no reason why we should’
Manila Bulletin, September 13, 2022
Betheena Unite
President Ferdinand “Bongbong” Marcos Jr. maintained his stand to not rejoin the International Criminal Court (ICC), saying he does not see any reason why the Philippines should...
Japan extends $5-M grant for BARMM
Philippine Daily Inquirer, September 14, 2022
Tina G. Santos
The Japanese government is providing a grant aid worth $5 million for the management and reduction of private small arms and light weapons (SALWs) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM)...
PH to lift ban on labor deployment to Saudi Arabia
Philippine Daily Inquirer, September 14, 2022
Dona Z. Pazzibugan
The government will lift the ban on the deployment of domestic workers to Saudi Arabia by the first week of November, Migrant Workers Secretary Susan Ople announced on Tuesday night from Riyadh...
DFA confirms PBBM talk at UN on September 20
Manila Standard, September 14, 2022
President Ferdinand Marcos Jr. will speak before the United Nations General Assembly on September 20, the Department of Foreign Affairs said Tuesday...
Second US monkeypox death as virus linked to brain inflammation
Philippine Star, September 14, 2022
Issam Ahmed, Agence France-Presse
A second US death was linked to monkeypox on Tuesday as health authorities published a study describing how two previously healthy young men experienced inflammation of the brain and spinal cord as a result of the virus...
Stocks slump, dollar jumps as US inflation runs hot
Philippine Star, September 14, 2022
Agence France-Presse
Stock markets hit reverse while the dollar shot higher Tuesday after data showing US inflation remains high and widespread...
Asean ministers' meet promises closer cooperation
The Manila Times, September 14, 2022
Xinhua News Agency
This week's 54th Asean Economic Ministers' (AEM) meeting and related meetings will bring about economic benefits and closer cooperation among Southeast Asian countries, according to a senior Cambodian official...
Russian brewers tap local market for hops as foreign supplies dry up
Rappler, September 13, 2022
Reuters
Restrictions against Russia have disrupted local beer brewers’ supplies of hops and equipment, forcing them to seek domestic alternatives as they strive to keep their range of beers flowing, three brewing companies told Reuters...
Japan, India hold maritime drills amid China concerns in Indo-Pacific
ABS-CBN News, September 14, 2022
Kyodo News
Japan's Maritime Self-Defense Force said Tuesday it has been conducting exercises with the Indian Navy in waters off the South Asian nation's east coast amid China's growing assertiveness in the Indo-Pacific region...
IMF confirms plan to expand emergency aid to help countries deal with food shocks
GMA News, September 14, 2022
Andrea Shalal, Reuters
The International Monetary Fund (IMF) on Tuesday confirmed that it is moving toward expanding emergency financing for countries hit by surging food prices and shortages triggered by the war in Ukraine, with some 20 to 30 countries seen most in need...
NKorea to self-destruct if it uses nukes – Seoul
The Manila Times, September 14, 2022
Associated Press
South Korea on Tuesday warned North Korea that using its nuclear weapons would put it on a "path of self-destruction," in unusually harsh language that came days after Pyongyang passed a new law that would allow it to use its nuclear weapons preemptively...
Ukraine aspires to free all Russian-occupied land after days of military success
Philippine Daily Inquirer, September 14, 2022
Reuters
Ukraine has set its sights on freeing all territory occupied by invading Russian forces after driving them back in a speedy counter-offensive in the northeast and there are indications of more U.S. military aid on the way to back Ukraine’s mission...
UN chief appeals for cooperation to address ‘world in peril’
Manila Standard, September 14, 2022
Agence France-Presse
UN Secretary-General Antonio Guterres called Tuesday for solidarity and cooperation to address a “world in peril” at the opening of the 77th United Nations General Assembly...
Russia has spent over $300 million on influencing foreign elections since 2014, US officials say
CNN Philippines, September 14, 2022
Kylie Atwood, Michael Conte and Devan Cole, CNN
Russia has covertly transferred over $300 million to foreign political parties around the globe since 2014, a senior Biden administration official said Tuesday, citing a review by the US intelligence community...
PBBM eyes rice allowance for government workers
BusinessMirror, September 14, 2022
Samuel P. Medenilla
President Ferdinand “Bongbong” Marcos Jr. is eyeing to provide rice allowance for government workers to help them cope with the rising cost of living as well as generate more demand for rice...
PBBM expands NGP land coverage to 46K hectares
BusinessMirror, September 14, 2022
Samuel P. Medenilla
President Ferdinand “Bongbong” R. Marcos Jr. on Tuesday announced that the nationwide greening program of the Department of Environment and Natural Resources (DENR) would cover an additional 46,000 hectares of land this year...
ERC to probe power outages
Philippine Daily Inquirer, September 14, 2022
Jordeene B. Lagare, Marlon Ramos
The Energy Regulatory Commission (ERC) will look into the red and yellow alerts issued on Monday after several power plants in the Luzon grid shut down or operated at reduced capacity, thus threatening the power supply in Luzon...
Marcos: Reopen estate tax case and let’s argue
Philippine Daily Inquirer, September 14, 2022
Nestor Corrales, Tina G. Santos
President Ferdinand Marcos Jr. wants to reopen the case on the P203-billion estate tax against his family...
DBM allocates P2.2B for DoE programs
The Manila Times, September 14, 2022
Tiziana Celine Piatos
The Department of Budget and Management (DBM) on Tuesday said it has allocated P2.2 billion for various programs of the Department of Energy (DoE)...
Minority rejects blue ribbon sugar report
The Manila Times, September 14, 2022
Bernadette E. Tamayo
The Senate minority bloc has rejected the Senate blue ribbon committee (BRC) report on its probe of the sugar import fiasco as it disagreed with the panel's findings clearing Executive Secretary Victor Rodriguez in the scandal...
Government urged to 'rethink' public policy
The Manila Times, September 14, 2022
Eireene Jairee Gomez
The national government needs to "rethink" its public policy and focus on building skills that will help promote inclusion, enhance social mobility and alleviate poverty in the Philippines, an expert said...
Conditional masking may cause case spike – expert
The Manila Times, September 14, 2022
Red Mendoza
An infectious disease expert expects a possible increase in the number of Covid-19 cases as the country implements the lifting of masks in open-air areas...
Marcos thumbs down redefining ‘fully vaccinated,’ says DOH
Philippine Daily Inquirer, September 14, 2022
Zacarian Sarao
President Ferdinand Marcos Jr. has advised against redefining “fully vaccinated” against COVID-19 as it may only cause “more confusion.”...
Rodriguez ‘not entirely blameless’ in sugar import mess — Senate minority report
Philippine Daily Inquirer, September 13, 2022
Daniza Fernandez
Executive Secretary Vic Rodriguez is “not entirely blameless” in the sugar importation fiasco, the Senate minority bloc said Tuesday...
‘Not yet time’ to make masks optional indoors – DOH chief
Philippine Daily Inquirer, September 13, 2022
Zacarian Sarao
It’s not yet time to make wearing face masks indoors optional, Undersecretary Maria Rosario Vergeire said in a press briefing on Tuesday at the Department of Health (DOH), which she heads as the officer in charge...
OCTA fellow suggests removing face mask mandate among students
CNN Philippines, September 13, 2022
CNN Philippines Staff
A member of the OCTA Research group has called for the dropping of the face mask mandate among students as face-to-face classes resumed...
Mask easing seen to lure more foreign tourists
BusinessMirror, September 14, 2022
Ma. Stella F. Arnaldo
The lifting of Covid-19 mask restrictions for outdoor activities will help attract more foreign tourists to the Philippines...
Moody’s Analytics: Tightening cycle helped temper inflation
Philippine Star, September 14, 2022
Lawrence Agcaoili
The tightening cycle being undertaken by central banks in Asia-Pacific including the Bangko Sentral ng Pilipinas (BSP) has succeeded in slowing the rise in prices, according to Moody’s Analytics...
PHL needs to make economy part of global supply chains — Habito
BusinessWorld, September 13, 2022
Revin Mikhael D. Ochave
The Philippines needs to embed its economy solidly in global supply chains if it is to accelerate the recovery from the pandemic, a former Socioeconomic Planning Secretary said...
Philippine stocks buck regional rally
Philippine Star, September 14, 2022
Iris Gonzales
The local stock market bucked the regional rally, declining nearly 14 points or 0.21 percent to close at 6,701.81...
Gov’t vows ramping bid to cut poverty
Daily Tribune, September 14, 2022
Raadee Sausa
The poverty level has risen to 18.1 percent last year from 16.7 percent in 2018 or an equivalent of 2.3 million Filipinos who slid into poverty during most of the pandemic era, Socioeconomic Planning Secretary Arsenio Balisacan said...
Peso slightly appreciates at P56.77 vs dollar
The Manila Times, September 14, 2022
Tiziana Celine Piatos
The Philippine peso on Tuesday slightly appreciated to P56.77 against the US dollar from P56.86 on Monday...
Business planning key to survival - experts
The Manila Times, September 14, 2022
Ed Paolo Salting
Business planning and strategy are what companies need to survive amid the current global uncertainties and the shift to digitization...
Buying price of palay drops to P13 per kilor
The Manila Times, September 14, 2022
Bella Cariaso
Farmers in Central Luzon on Tuesday complained that the buying price of palay (unhusked rice) has dropped to P13 per kilo, P6 lower than the P19 per kilo set by the National Food Authority (NFA)...
San Miguel bags original proponent status for Cavite-Batangas Expressway project
CNN Philippines, September 13, 2022
CNN Philippines Staff
The local government of Cavite has awarded the original proponent status (OPS) to conglomerate San Miguel Corp. for an expressway project connecting the province to Batangas...
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