Manila 3rd cheapest prime office market in Asia-Pacific in Q4 2022

Source: BusinessWorld

The national government should remove non-tariff barriers (NTBs) and allow more imports to bring down commodity prices nationwide, according to the Bangko Sentral ng Pilipinas (BSP)...

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Philippine economic growth likely breached seven percent last year despite a sharp slowdown in the fourth quarter, according to economists...

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Philippine inflation is expected to be below 4% by the third quarter and below 2% by early 2024, the central bank governor said on Monday...

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Structural reforms and policies have made the Philippines highly attuned to global risks, economic managers claimed on Monday as they made the case for investing in the country...

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President Ferdinand R. Marcos Jr. announced on Monday that private money may be used for the proposed Maharlika Investment Fund (MIF), but gave assurances that safeguards will be in place so it cannot be used for money laundering...

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Over 3,600 infrastructure projects worth a total of $372 billion are in the pipeline and set be implemented through 2028, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said on Monday...

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Detected COVID-19 cases continued their downward trend, three years since the first coronavirus case was detected in the country...

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The Government should reevaluate policies and processes under the Sin Tax Reform Act in order to further improve the use of its tax revenues for public health programs, a study by the Philippine Institute for Development Studies (PIDS) said...

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The Securities and Exchange Commission (SEC) has released a draft implementing rules and regulations (IRR) for a law that aims to protect consumers of financial products and services...

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President Ferdinand Marcos Jr. on Tuesday ordered the establishment of a two-month buffer stock for sugar to temper market price and ensure availability...

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The House of Representatives gave its final nod to House Bill (HB) 6492 or the proposed "Magna Carta on Religious Freedom Act."...

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The Department of Trade and Industry (DTI) will soon have its own bureau that will take care of the technological requirements for interconnecting all agencies once digitalization efforts of the government have started to bear fruit...

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The United States Agency for International Development (USAID), through Unilab Foundation, has inked an agreement with the ICCP Group Foundation Inc. (IGFI) as one of the core partners for USAID’s Advanced Manufacturing Workforce Development (AMDev) Program...

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The Philippines opened talks with Denmark on the possibility of creating a digital cooperation and security, the Department of Information and Communications Technology (DICT) said on Monday...

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Labor and rights groups on Monday appealed to the International Labor Organization (ILO) to look into cases of harassment, union-busting, and killings of Filipino workers as the UN labor agency begins its three-day investigation of alleged labor violations in the country...

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Former Foreign Secretary Albert del Rosario urged President Ferdinand Marcos Jr. to allow “joint patrols and military exercises” in the West Philippine Sea (WPS) as a way of enforcing the country’s landmark victory in the United Nations Convention on the Law of the Sea (Unclos) tribunal...

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The World Health Organization on Monday appealed for $2.54 billion for its work in 2023 to help millions of people facing health emergencies around the world...

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Efforts to eliminate industrially-produced fat have a long way to go with 5 billion people exposed to toxic fat added to many food products, the UN health agency said Monday...

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A massive power breakdown in Pakistan on Monday affected more than 220 million people in the South Asian country, including in the megacities of Karachi and Lahore...

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Stock markets headed higher Monday as investors eyed less aggressive US interest rate hikes this year, with inflation starting to retreat from decades-high peaks...

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Britain's recruitment of nurses from poorer countries as a quick fix for its own underinvestment in the profession is a serious cause of concern, the global nurses' federation said Monday...

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A global organization of private tourism and travel stakeholders threw shade at several governments for imposing restrictions on Chinese outbound travelers...

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The U.S. health regulator on Monday proposed one dose of the latest updated COVID-19 shot annually for healthy adults, similar to the influenza immunization campaign, as it aims to simplify the country’s COVID-vaccine strategy...

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The European Union (EU) on Monday imposed sanctions on more than 30 Iranian officials and organizations, including units of the powerful Revolutionary Guards, blaming them for a “brutal” crackdown on protesters and other human rights abuses...

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Two hacker groups associated with North Korea, the Lazarus Group and APT38, were responsible for the theft last June of $100 million from U.S. crypto firm Harmony’s Horizon bridge, the Federal Bureau of Investigation (FBI) said on Monday...

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The World Health Organization (WHO) has called for “immediate and concerted action” to protect children from contaminated medicines after a spate of child deaths linked to cough syrups last year...

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Australia said on Monday it would accelerate plans to buy advanced sea mines to protect its maritime routes and ports from “potential aggressors” amid China’s plans to increase its influence in the Pacific region...

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The red lanterns bobbed and banners proclaimed “Happy Year of the Rabbit” but Monterey Park’s famous Lunar New Year festivities were brought to an abrupt end by a shooting that left 10 people dead and another 10 wounded...

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The Commission on Elections (Comelec) yesterday urged eligible voters to file their application for registration for this year’s Barangay and Sangguniang Kabataan Elections (BSKE) as this would not likely be extended...

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The Department of Social Welfare and Development (DSWD) collaborated with the Commission on Elections (Comelec) to make voter registration simple and accessible in compliance with the Register Anywhere Program (RAP)...

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Officials of the Department of Agriculture (DA) will brief the House of Representatives on Tuesday (January 24) on the state of the country’s onion industry and the interventions being done to address the current issues...

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The head of the Senate Committee on Ways and Means, at Monday’s hearing on the Philippine Offshore Gaming Operators (POGOs), vowed to dig deeper into the implementation of Philippine laws, including taxes collected from POGOs and the legal and regulatory compliance by the third-party auditor consortium tapped to determine the proper Gross Gaming Revenues of licensed POGOs...

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The positivity rate or the number of people testing positive for Covid-19 in the National Capital Region (NCR) further dropped to 2.4 percent as of January 21, OCTA Research group fellow Dr. Guido David said Monday...

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Sen. Sherwin Gatchalian said the economy will not collapse if the Philippine offshore gaming operators (POGOs) cease their operation in the Philippines...

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The Department of Education (DepEd) will release the Basic Education Report (BER) 2023 at the end of the month to present current challenges faced by the education sector and determine the top priorities of the agency...

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Close to 2,000 additional COVID-19 cases were recorded in the country in the past week, 35 percent lower than the cases recorded from Jan. 9 to 15, the Department of Health (DOH) said yesterday...

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A total of 380 alleged local labor rights violations cases were documented in the report submitted by labor groups to the International Labour Organization-High Level Tripartite Mission (ILO-HLTM)...

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Upholding the rights of workers is crucial in crafting a comprehensive response to address the climate crisis, a coalition of grassroots environmentalist groups said as the International Labour Organization began to look into the situation of Filipino workers...

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The deployment of overseas Filipino workers (OFWs) has increased but it is still below the pre-COVID-19 pandemic levels, the Department of Migrant Workers (DMW) said on Tuesday...

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Scrutinize the Maharlika fund bill carefully, President Ferdinand “Bongbong” Marcos Jr. urged the Senate on Monday as Congress resumed session...

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Ira C. Concepcion, 17, founded the Youth for Nuclear last year to try to debunk the myths and misconceptions about nuclear energy and push its use amid a looming power crisis...

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The government is not planning to privatize the Ninoy Aquino International Airport (NAIA), President Ferdinand “Bongbong” Marcos Jr. said in a panel interview on Monday...

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The Philippine Ports Authority (PPA) said it hopes legislators will consider the developmental role played by the agency under its current setup of acting as a regulator and a commercial entity...

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Senate Minority Leader Aquilino Martin D. Pimentel III expressed doubts on Monday about private investment in the proposed sovereign wealth fund, saying that the interests of investors will take precedence over those of the public...

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The retail price of onions plunged on Monday to a low of P200 per kilogram as imported supplies started to enter the country...

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Strategic actions tagged by the previous administration as crucial for the country's industrialization have been tweaked by the Department of Trade and Industry (DTI) under its current policy orientation...

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The Cold Chain Association of the Philippines (CCAP) on Monday said it requires at least P6 billion to double the industry’s storage capacity for onions and slash the disparity between the total supply annually and storage capacity...

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The Philippines can be a “vital partner” for the critical minerals such as nickel and copper, among others, not only as an exporter of raw ores but as a processor and producer of semi-finished and finished products, Trade Secretary Alfredo E. Pascual said on Monday...

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The government already has a menu of plans and strategies for the expected influx of foreign investments into the country following President Marcos’ “productive” participation in the recent World Economic Forum in Davos, Switzerland, a senior Department of Trade and Industry (DTI) official said on Monday...

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At least P475 million will be entering the economy of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), brightening up the region’s investment outlook for this year, the region’s Board of Investments (BOI) reported...

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Though only 7% of the agriculture products entering the Philippines are estimated to be underreported or smuggled, figures from recent years show an alarming rise, according to Albay 2nd District Rep. Joey Salceda...

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The Credit Card Association of the Philippines (CCAP) welcomed the government's decision to raise the monthly interest rate ceiling on credit cards to 3 percent from the 2 percent starting next month...

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The Malolos-Clark segment of the North-South Commuter Railway (NSCR) will not be finished until 2025 as a result of the delayed turnover of the 36-hectare depot site in Clark, the Department of Transportation (DoTr) said on Monday...

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Oil companies are implementing a hefty price hike in pump prices today...

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The private sector has reaffirmed its support for government efforts to provide more opportunities to micro, small and medium enterprises (MSMEs)...

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The yields on Treasury bills declined across the board in Monday’s auction, enabling the government to raise P15 billion as planned for the second week in a row...

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A senior lawmaker on Monday asked the House Committee on Ways and Means to issue subpoenas against 10 brokers, importers and facilitators amid reports of widespread and large-scale smuggling of agricultural commodities in the country...

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President Ferdinand R. Marcos, Jr. on Monday vowed to address rising food prices this year by importing more, saying the country’s record inflation keeps him up at night...

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