Quezon City remains top highly urbanized city in 2022

Source: BusinessWorld

President Ferdinand "Bongbong" Marcos Jr. said he would tell the world that the Philippines "is forming a sovereign wealth fund for big investments" when he joins...

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The war in Ukraine, a likely global recession and the continuing Covid-19 pandemic have been tagged by the Budget department as primary considerations in determining the Marcos government's spending plan for next year...

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The Philippines will not be as affected as other countries should the world fall into a recession this year, Trade Secretary Alfredo Pascual claimed...

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A significant drop in international oil prices as well as the efforts of the Philippine government to beef up domestic food supplies may be reining in inflation in the country with greater impact than previously expected, according to Goldman Sachs...

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President Ferdinand "Bongbong" Marcos Jr. is confident that the country's inflation "will come down" for the rest of the year as his administration intensifies efforts to stabilize prices and supply of agricultural commodities...

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The Philippine stock market is expected to continue benefiting from “spillover optimism” that central banks will now consider smaller rate hikes moving forward following the better-than-expected US inflation in December of 6.5 percent, a 14-month low...

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The nationwide COVID-19 positivity rate decreased to 4.1 percent on Saturday, the OCTA Research group said...

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The national government’s debt service from January to November of last year declined by 12.61 percent to P991.052 billion from P1.134 trillion recorded payments in the same period of 2021, latest Bureau of the Treasury (BTr) data showed...

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The recent increase in employment may not be enough to ensure higher incomes for Filipinos and guarantee the country’s recovery, according to the Bangko Sentral ng Pilipinas (BSP)...

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President Ferdinand R. Marcos, Jr. will be promoting the country as a top investment destination backed with a skilled workforce and pandemic-resilient supply chains during the 2023 World Economic Forum (WEF) in Davos, Switzerland this week...

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The Bangko Sentral ng Pilipinas (BSP) expressed concern that with the country’s energy sector’s dependence on imported refined oil, the Philippines is more vulnerable to refining margins in China, South Korea and Singapore than rising crude prices...

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Congress has earmarked and increased by P6 billion the budget for the Armed Forces of the Philippines modernization program or AFPMP for this year, an administration congressman said yesterday...

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Sen. Jose "Jinggoy" Estrada on Sunday assured the public that the Senate will thoroughly scrutinize proposed legislation seeking to remove the fixed term for senior military officials...

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Cagayan de Oro Rep. Rufus Rodriguez pushed anew for a measure that would provide a magna carta for parole and probation workers, giving them more benefits to effectively carry out their vital role in helping prevent recidivism among former law offenders...

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Stakeholders are expecting the approval this year of separate proposals that seek to create eight new towns out of the 63 Bangsamoro barangays in Cotabato province...

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The Department of the Interior and Local Government (DILG) has recognized the Quezon City government for its efforts in combating human trafficking and violence against women and children (VAWC)...

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Supreme Court (SC) Associate Justice Maria Filomena Singh admitted on Monday that “disturbing” social media posts of several lawyers prompted the 15-man High Tribunal to push for the amendment of the lawyers’ code...

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Know-it-all chatbots landed with a bang last year, convincing one engineer that machines had become sentient, spreading panic that industries could be wiped out and creating fear of a cheating epidemic in schools and universities...

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The Department of Information and Communications Technology (DICT) announced last Sunday it will start pursuing an “enhanced digital cooperation” with China to “improve and accelerate digitalization” in the Philippines...

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The United States Agency for International Development (USAid) has selected the Philippine Chamber of Commerce and Industry (PCCI) for its project to digitize small and medium enterprises (SMEs)...

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President Ferdinand Marcos Jr. will promote the country as a “leader and driver of growth and a gateway to the Asia-Pacific region” at the World Economic Forum (WEF) in Davos, Switzerland, and look for partners for the government’s plan to build more infrastructure and ensure food and energy security...

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President Ferdinand Marcos Jr. aims to put the spotlight on the Philippines as an investment destination, and bring home job-creating business deals, as he leads a powerhouse delegation to the World Economic Forum (WEF) annual meetings in the skiing town of Davos along the Swiss Alps...

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President Ferdinand "Bongbong" Marcos Jr. said the Philippines supports Ukrainian President Vladimir Zelenskyy's proposed plan on a peaceful settlement of the ongoing conflict with Russia and expressed willingness to make a phone call to Zelenskyy himself...

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An activist group championing fishermen’s rights has urged the new national security adviser, Eduardo Año, to protect the nation’s interests in the West Philippine Sea, even as other groups have warned that his appointment does not bode well for the Marcos administration...

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President Ferdinand “Bongbong” Marcos Jr. on Monday said that the initiative of the Ukranian government to set up a telephone conversation between him and Ukranine President Volodymyr Zelensky has been received and is only awaiting a schedule...

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The United Nations said that there is a strong need for developing countries to create an enabling legal environment for electronic transactions, as digital trade and cross-border e-commerce become increasingly crucial components in trade deals, according to a legal expert...

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The World Health Organization has appealed to China to keep releasing information about its wave of Covid-19 infections after the government announced nearly 60,000 deaths since early December following weeks of complaints it was failing to tell the world what was happening...

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Ukraine saw little hope of pulling any more survivors from the rubble of an apartment block in the city of Dnipro on Sunday, a day after the building was hit during a major Russian missile attack, with dozens of people expected to have died...

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Storm-lashed California is bracing for what may be a final battering of rain and snow starting late Sunday, adding to the damage unleashed by a weather system that has caused severe flooding and killed at least 19 people across the state...

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U.S. President Joe Biden approved an emergency declaration for California on Saturday, as storms have pounded the Golden State since Dec. 26, killing at least 19 people and bringing floods, power outages, mudslides, evacuations and road closures...

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British Prime Minister Rishi Sunak on Saturday pledged to provide 14 Challenger 2 tanks to Ukraine, making it the first Western country to supply the heavy tanks Kyiv has been calling for...

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China on Saturday reported almost 60,000 COVID-related deaths in just over a month, the first major toll released by authorities since Beijing loosened virus restrictions in early December...

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As business leaders in Japan face greater pressure to raise wages in an inflationary environment, they’re becoming more vocal about the need to pay employees based on merit...

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When Li’s 83-year-old father with diabetes started coughing and complaining of body aches last month, the Beijing resident became anxious about finding a treatment for COVID-19 in case his parent had caught the virus sweeping the city...

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Waters around New Zealand’s South Island are as much as 6 degrees Celsius (42.8 degrees Fahrenheit) warmer than normal due to climate change, the weather phenomenon La Nina and a series of high-pressure systems, according to scientists...

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Japan’s annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could force the central bank to raise interest rates soon...

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Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households...

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At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks vessels for exports after a G7 oil price cap restricted the use of Western cargo services and insurance...

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A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8–12% in some countries, if technology is also decoupled, the International Monetary Fund (IMF) said in a new staff report...

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Rescuers resumed searching on Monday in Nepal for four people still missing after the Himalayan nation’s deadliest plane crash in 30 years, officials said...

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Central bank rate rises could land global borrowers with $8.6 trillion in extra debt servicing costs in coming years, S&P Global estimated on Friday, warning of a slowdown in economic activity as a result...

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The Philippines has yet to benefit from the sudden reopening of mainland China to international travel...

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Earth’s fever persisted last year, not quite spiking to a record high but still in the top five or six warmest on record, government agencies reported Thursday...

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Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back by the country’s inability to attract bigger container ships due to inadequate port infrastructure...

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US climate envoy John Kerry backs the United Arab Emirates’ decision to appoint the CEO of a state-run oil company to preside over the upcoming UN climate negotiations in Dubai, citing his work on renewable energy projects...

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Fisherfolk group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) has challenged newly appointed National Security Adviser (NSA) Eduardo Año to lay out his security plans to protect the West Philippine Sea from foreign aggressors, especially China...

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The government cut its debt service in November last year as both principal amortization and interest payments declined, with still about a quarter needed to be settled for the last part of 2022, according to the Bureau of the Treasury (BTr)...

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Just two weeks after the new year, the Department of Budget and Management (DBM) is now asking government agencies to start preparing their proposals for another record high budget of P5.569 trillion for 2024...

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The Department of Agriculture and the Bureau of Customs will beef up intelligence sharing and profiling to address the smuggling of agricultural products, Customs spokesman Arnaldo dela Torre Jr. said yesterday...

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The Armed Forces of the Philippines’ most urgent task under returning chief Gen. Andres Centino is “to defeat threat groups,” which include communist rebels and terrorists...

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Senate Energy committee Sec. Sherwin Gatchalian said the Supreme Court (SC) decision that voided the 2005 joint oil and gas exploration agreement between the Philippines, China, and Vietnam may have also dimmed the prospect of a similar deal between Manila and Beijing...

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Negligence, “stupidity” and weak leadership in the Civil Aviation Authority of the Philippines (CAAP) were the disastrous mix that possibly caused the breakdown of the country’s air traffic navigation system on Jan. 1, Sen. Grace Poe said on Sunday...

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President Ferdinand Marcos Jr. is looking at “some very good ideas,” including the digitalization of the Bureau of Customs to curb rampant smuggling, one of the culprits behind spiraling prices of onions and other agricultural products in the Philippines...

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Exploitative compensation lawsuits that lead to billions of pesos in settlements pose the biggest threat to the employability of Filipino seafarers...

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The Manila Electric Co. (Meralco) is putting in place measures to mitigate the impact of the expected tight power supply in Luzon this summer...

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The celebration of the Feast of the Sto. Niño in Tondo and Pandacan yesterday was generally peaceful, according to the Manila Police District (MPD)...

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An estimated two million devotees and revelers alike on Sunday celebrated the Sinulog for the feast of the Santo Niño at the South Road Properties in Cebu City, after a two-year hiatus and unmindful of the sweltering heat of the sun—and almost a week of controversy over the change of venue of the festival...

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The Department of Health (DOH) is closely monitoring two Omicron subvariants considered globally predominant and responsible for more than a third of total COVID-19 infections last year...

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Speaker Ferdinand Martin G. Romualdez on Monday expressed confidence President Ferdinand “Bongbong” R. Marcos Jr. could successfully introduce the country’s sovereign wealth fund and promote the Philippines as an investment hub at the World Economic Forum (WEF) in Davos, Switzerland...

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THE Philippine Coast Guard reported on Monday that it has stopped a vessel from leaving the province of Zambales for China after an order was issued against its shipment of mineral ore...

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The Metropolitan Manila Development Authority (MMDA) has deployed three teams to clear Metro Manila’s Mabuhay Lanes of all forms of obstructions for motorists traversing Edsa...

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A lawmaker has said the broad popular support for President Ferdinand R. Marcos Jr.’s pet initiative Maharlika Investment Fund (MIF) should convince its critics to give this House-approved investment vehicle a chance to prove its worth as soon as the Senate passes its own version after the 19th Congress reopens this January following its month-long year-end recess.

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Helping the poor for their economic upliftment is the priority of the 19th Congress under the leadership of House Speaker Martin Romualdez...

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Expect a more efficient and effective land administration and management services from the government this year...

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The Department of Energy (DOE) has formed a committee to oversee and speed up the country’s electrification program...

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The Philippines may increase its pork and poultry production and importation this year, driven by stable demand amid a growing economy as well as the extended lower tariffs for pork, according to the United States Department of Agriculture (USDA)...

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The Philippines is expected to continue sourcing more pork from abroad following the Marcos administration’s decision to extend the validity of lower import tariffs until the end of the year, according to the US Department of Agriculture (USDA)...

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The Marcos administration has vowed to maintain a two-month buffer stock of sugar to ward off speculation that leads to volatile prices...

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The Asian Development Bank (ADB) will continue to focus on infrastructure, economic development and social investments to enhance the Philippines' capability to address future pandemics, the chief of the Manila-based multilateral's health sector group said...

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Privatizing the operations of all terminals of the Ninoy Aquino International Airport (NAIA) can spark a tourism boom in the country, Go Negosyo founder Jose Ma. "Joey" Concepcion 3rd said...

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The Philippines will harness the mining sector's potential as a driver for long-term economic expansion as the Southeast Asian country recovers from the Covid-19 pandemic, Philippine Finance Secretary Benjamin Diokno said in a statement Friday...

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While being upbeat on the Philippine economy, foreign business leaders are also wary about the bottlenecks on the road to recovery that the government needs to remove...

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The government must send strong signals that it supports the development of sustainable aviation fuel (SAF) in the country through tax incentives and other policies, as a crucial step toward meeting the industry’s target to cut carbon emissions from air travel by 2050, airlines said...

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The hospitality industry is facing a challenge in acquiring talent amid the recovery of the travel industry as the reopening of the borders increased the need for manpower...

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The planned creation of an e-commerce platform for micro, small, and medium enterprises (MSMEs) has faced delays, Trade Secretary Alfredo E. Pascual said...

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Even the country’s next generation of health care workers (HCW) are now being “pirated” abroad, according to a labor group...

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