January 26, 2023
Performance of Philippine agriculture
Source: BusinessWorld
Q3 growth result unchanged at 7.6%
The Manila Times, January 26, 2023
Eireene Jairee Gomez
Third quarter economic growth officially remains at 7.6 percent, state statisticians said on Wednesday ahead the release of October-December and full-year results...
Agri growth goal missed
Philippine Daily Inquirer, January 26, 2023
Jordeene B. Lagare
The country’s farm output ended flat in 2022, underperforming the government’s expectation of more than 1 percent growth, due to lower crops and fishery harvests...
Easing COVID-19 curbs tops agenda of IATF meet
Philippine Daily Inquirer, January 26, 2023
Kathleen de Villa
The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) is set to discuss on Feb. 1 the possible “decoupling” of restrictions from the current alert level system...
No official answer yet from Palace on state of calamity extension — DOH
BusinessMirror, January 26, 2023
Cai U. Ordinario
Guatemala dislodged the Philippines as the world’s second-largest exporter of bananas last year, ending the Asian country’s four-year reign as it struggled to keep its share in key markets amid stiffer competition from Latin American producers...
Bill on lower optional retirement age for gov’t workers passes 2nd reading
Philippine Daily Inquirer, January 26, 2023
Gabriel Pabico Lalu
A bill seeking to lower the optional retirement age for government workers from 60 to 56 was approved by the House of Representatives, voting viva voce, on second reading on Wednesday...
Lawmaker seeks changes in cyberlibel law
Philippine Daily Inquirer, January 26, 2023
Jeannette I. Andrade
Cebu City Rep. Rachel Marguerite del Mar wants a one-year prescriptive period for cyberlibel, instead of the 12 years set in the implementing rules and regulations (IRR) of the Cybercrime Prevention Act of 2012, to put in place a reasonable time limit on lawsuits over online defamation...
House to resume deliberations on Charter change proposals
BusinessMirror, January 26, 2023
Jovee Marie De La Cruz
The House Committee on Constitutional Amendments will resume today congressional deliberations on pending proposals to amend the Constitution for the first time since it was ratified in February 1987...
ROTC bill gets more senators’ support
BusinessMirror, January 26, 2023
Butch Fernandez
A Senate panel has resumed hearings on proposals seeking to make Reserve Officer Training Corps (ROTC) mandatory, with several senators expressing support for the initiative...
Financial consumer protection rules to cover crypto scams
Philippine Daily Inquirer, January 26, 2023
Miguel R. Camus
The Securities and Exchange Commission (SEC) has issued the draft rules of a new consumer protection law that would give regulators more teeth in going after perpetrators of financial crimes while recognizing cryptocurrencies as “securities” that would also fall under their ambit...
Bongbong Marcos pushes for Magna Carta for barangay health workers
Philippine Daily Inquirer, January 25, 2023
Daphne Galvez
President Ferdinand “Bongbong” Marcos Jr. on Wednesday pushed for the Magna Carta for barangay health workers (BHW) as he recognized their contributions to the country...
Palace: Bongbong Marcos pushing for Senate ratification of RCEP
Philippine Daily Inquirer, January 25, 2023
Daphne Galvez
President Ferdinand “Bongbong” Marcos Jr. is pushing for the Senate ratification of the Regional Comprehensive Economic Partnership (RCEP), Malacañang said Wednesday...
Legarda pushes for Wifi access in GIDA sites, IP towns
Philippine Daily Inquirer, January 25, 2023
Dennis Gutierrez
Senate President Pro Tempore Loren Legarda laid out her plans for the digitalization and internet connectivity in the country during a meeting with Department of Information and Communications Technology (DICT) officials — Undersecretary Anna Mae Yu Lamentillo, Undersecretary Angelo Nuestro, and Assistant Secretary Philip Varilla — at the Senate of the Philippines...
House panel OK’s bill protecting areas of ‘West Philippine Sea’
BusinessWorld, January 25, 2023
Beatriz Marie D. Cruz
A Philippine House of Representatives committee on Wednesday approved a bill that seeks to declare parts of the Spratly Islands and Scarborough Shoal in the South China Sea protected zones...
DTI reminds businesses to comply with price freeze in areas under state of calamity
BusinessWorld, January 25, 2023
Revin Mikhael D. Ochave
The Department of Trade and Industry (DTI) reminded businesses in areas under a state of calamity to comply with the price freeze for basic necessities...
Alethea AI Creates Digital Characters Via ChatGPT And Blockchain
Philippine Daily Inquirer, January 25, 2023
Dale Arasa
Do you want to know the potential of blockchain and AI technology combined? Alethea AI shows you a glimpse with its CharacterGPT...
Updated COVID vaccines prevented illness from latest variants — CDC
BusinessWorld, January 26, 2023
Reuters
The updated coronavirus disease 2019 (COVID-19) boosters from Pfizer Inc/BioNTech SE and Moderna helped prevent symptomatic infections against the new XBB-related subvariants, offering new evidence of how the vaccines perform against these fast-spreading strains, US officials said on Wednesday...
PHL urged to upgrade cybersecurity infrastructure, policies
BusinessWorld, January 26, 2023
Arjay L. Balinbin
A South Korea cybersecurity solutions company said the Philippines urgently needs to fast-track upgrades to its cybersecurity infrastructure and policies as it emerges from the pandemic...
Business app Enstack looks to grow Southeast Asia presence
BusinessWorld, January 26, 2023
Revin Mikhael D. Ochave
Business super app Enstack is eyeing to broaden its presence in the Southeast Asian region as more businesses are digitalizing their operations...
Swiss trade mission captures $25M in investments
Philippine Daily Inquirer, January 26, 2023
Alden M. Monzon
The Board of Investments (BOI) on Wednesday said Swiss firms have committed to invest $24.7 million during the trade mission in Switzerland earlier this month, fueling this year’s early wave of investments flows into the country...
Onion prices worldwide much lower, deepen questions on incredulous costs in PH
Philippine Daily Inquirer, January 25, 2023
Cristina Eloisa Baclig
While the Philippine government, consumers, and farmers continue to bear the impact of high onion prices in the country, neighboring nations hardly face any issues in prices and supply of staple vegetable...
Google sued over online ad monopoly
The Manila Times, January 26, 2023
Associated Press
The Department of Justice (DoJ) and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the US government...
'Not the time' for austerity as global growth slows: UN
Philippine Star, January 26, 2023
Agence France-Presse
A pessimistic growth forecast for 2023 should not lead to "short-term thinking or knee-jerk fiscal austerity" that could worsen inequality or threaten development goals, the UN said Wednesday in a report...
Global 2023 economic view downgraded, at odds with market optimism–Reuters poll
Philippine Daily Inquirer, January 26, 2023
Reuters
Global economic growth is forecast to barely clear 2 percent this year, according to a Reuters poll of economists who said the greater risk was a further downgrade to their view, at odds with widespread optimism in markets since the start of the year...
Natural disasters caused $313 billion economic loss in 2022 – Aon
Philippine Daily Inquirer, January 26, 2023
Reuters
Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured...
WHO chief worried over COVID deaths
Philippine Star, January 26, 2023
Willie Casas
The World Health Organization (WHO) on Tuesday expressed concern over the increasing number of COVID-19 deaths worldwide...
Vaccine misinformation spawns 'pure blood' movement
Philippine Star, January 25, 2023
Anuj Chopra, Agence France-Presse
Vaccine skeptics blocking transfusions for life-saving surgeries, Facebook groups inciting violence against doctors and a global search for unvaccinated donors -- Covid-19 misinformation has bred a so-called "pure blood" movement...
US to test nuclear-powered spacecraft by 2027
BusinessWorld, January 26, 2023
Reuters
The United States plans to test a spacecraft engine powered by nuclear fission by 2027 as part of a long-term NASA effort to demonstrate more efficient methods of propelling astronauts to Mars in the future, the space agency’s chief said on Tuesday...
US, Germany poised to send tanks to Ukraine, answering Kyiv’s pleas
BusinessWorld, January 26, 2023
Reuters
The United States (US) and Germany are poised to provide a significant boost to Kyiv’s war effort with the delivery of heavy battle tanks to Ukraine, sources said, a move Moscow condemned as a “blatant provocation”...
Microsoft scrambles to fix global outage
The Manila Times, January 25, 2023
Agence France-Presse
US tech giant Microsoft said on Wednesday it was working to fix a networking problem that had left users across the world struggling to access tools like Outlook and Teams...
Jacinda Ardern replaced by Chris Hipkins as New Zealand PM
The Manila Times, January 25, 2023
Agence France-Presse
Hundreds gathered to applaud Jacinda Ardern as she left New Zealand's parliament to resign as prime minister on Wednesday, before Chris Hipkins was swiftly sworn in as her replacement...
Pope Francis: Homosexuality not a crime
The Manila Times, January 25, 2023
Associated Press
Pope Francis criticized laws that criminalize homosexuality as "unjust," saying God loves all his children just as they are and called on Catholic bishops who support the laws to welcome LGBTQ people into the church...
N. Korea locks down capital over 'respiratory illness': report
Philippine Star, January 25, 2023
Agence France-Presse
North Korea has ordered a five-day lockdown in the capital over "respiratory illness", a report said Wednesday, in what appears to be the first citywide restrictions since the country declared victory over Covid-19 in August 2022...
DICT, NCT and telcos start assisted SIM registration
The Manila Times, January 26, 2023
Francis Earl Cueto
To enable owners of subscriber identification modules in far flung or remote areas across the country to register their respective SIM cards, the Department of Information and Communications Technology (DICT) on Wednesday officially launched their three-day roll out of the government and telco assisted mandatory registration...
IATF to discuss 'decoupling' of restrictions next month
The Manila Times, January 26, 2023
Red Mendoza
The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) is set to meet in February to discuss the possible "decoupling" of Covid-19 restrictions from the alert level system...
Solons move to guard WPS areas
Manila Standard, January 26, 2023
Macon Ramos-Araneta and Maricel Cruz
The proposed measure aimed at declaring certain areas in the Kalayaan Group of Islands (KGI) in the West Philippine Sea (WPS) as protected areas is now ready for transmission to the House plenary for sponsorship and debate...
Groups urge gov’t to uphold international labor standards
Philippine Daily Inquirer, January 26, 2023
Jean Mangaluz
Several workers’ groups urged the government on Wednesday to uphold international labor standards following the visit of the High-Level Tripartite Mission of the International Labor Organization (ILO) to the Philippines...
COVID-19 drops out of top 10 causes of death in PH
Philippine Daily Inquirer, January 26, 2023
Kathleen de Villa
After consistently being in the top 10 in 2021, COVID-19 has dropped to 11th place among the leading causes of death in the country, according to the Philippine Statistics Authority (PSA)...
34% of Filipinos said quality of life improved in past 12 months — SWS
Philippine Daily Inquirer, January 25, 2023
Jean Mangaluz
Thirty-four percent of adult Filipinos believe that their quality of life improved over the past 12 months, a survey by the Social Weather Stations (SWS) released on Wednesday showed...
Price body meets over onion prices, supply woes
BusinessMirror, January 26, 2023
Andrea E. San Juan
Trade Secretary Alfredo E. Pascual has convened a special meeting of the National Price Coordinating Council (NPCC), which he chairs, to discuss measures to mitigate the effects on consumers of rising prices of onion and stabilize its supply...
Registered SIMs nearing 25M since IRR took effect–DICT
BusinessMirror, January 26, 2023
Lenie P. Lectura
Nearly a month since the rules on SIM card registration took effect, the number of registered SIMs has reached nearly 25 million, according to the Department of Information and Communications Technology (DICT)...
Quimbo suspects cartels behind ‘artificial’ onion prices
Philippine Daily Inquirer, January 25, 2023
Gabriel Pabico Lalu
The existence of cartels is the only plausible explanation for the shortage of onion and the resulting high prices, Marikina 2nd District Rep. Stella Quimbo said on Wednesday...
Senators clash on panel referral of Maharlika Fund bills
Philippine Daily Inquirer, January 25, 2023
Daniza Fernandez
Senators clashed on Wednesday over the committee referral of the Maharlika Investment Fund bills filed in the Senate and House of Representatives...
Mandatory ROTC is unaffected by military manpower shortages, senators say
Philippine Daily Inquirer, January 25, 2023
Beatrice Pinlac
A lack of military personnel to implement the Reserve Officers Training Corps (ROTC) program should not hinder making the program mandatory, senators said on Wednesday...
PSA supports BBM call to collaborate with private sector for national ID
The Manila Times, January 25, 2023
The Philippine Statistics Authority (PSA) welcomes President Ferdinand "Bongbong" Marcos Jr.'s directive to tap the private sector in the digitalization of the national identification (ID) system, particularly its use cases, for seamless transactions across government agencies and private entities...
DOJ junks human trafficking case vs POGO firms, officials
BusinessMirror, January 26, 2023
Joel R. San Juan
The Department of Justice (DOJ) has junked the human trafficking charges filed by the Philippine National Police—Women and Children Protection Center against the owners and supervisors of a Pasay-based Philippine Offshore Gaming Operators (POGO) service provider...
Envoy: Despite latest Ayungin case, Chinese tourists will come
BusinessMirror, January 26, 2023
Ma. Stella F. Arnaldo
The Chinese government is looking forward to more of its citizens visiting the Philippines and does not think the recent incident in Ayungin Shoal will affect the tourism cooperation between both countries...
Farm sector pressures rise as output contracts
The Manila Times, January 26, 2023
Bella Cariaso
Farm output contracted by 1.0 percent in the fourth quarter of last year, the Philippine Statistics Authority (PSA) reported on Wednesday, weighing on economic growth and underlining heightened pressures on the sector...
2022 GDP growth seen to have surged past 7%
Philippine Daily Inquirer, January 26, 2023
Ronnel W. Domingo
The Philippine economy’s prospects as being among the best performers in Asia last year is on firm ground if only based on most forecasts putting the full-year 2022 readout above 7 percent...
Agricultural output shrinks by 0.1% in 2022
Philippine Star, January 26, 2023
Danessa Rivera
The Philippine agriculture sector failed to sustain its momentum in the fourth quarter, with full-year output weakening by 0.1 percent last year, pulled down by the crops and fisheries subsectors...
Onion to sell at P100/k—DA
Manila Standard, January 26, 2023
Maricel Cruz and Othel V. Campus
Onion prices which recently shot up to more than P600 per kilo are expected to drop to P100 to P150 a kilo with the importation of more than 5,000 metric tons (MT) of the commodity, the Department of Agriculture (DA) said Wednesday...
Onions flood markets but prices remain high
The Manila Times, January 26, 2023
Bella Cariaso
The Department of Agriculture (DA) has started to flood public markets with onions, but the retail prices of the bulbs remain high...
PEZA’s Panga pitches CREATE as platform to stir local production
BusinessMirror, January 26, 2023
Andrea E. San Juan
The Philippine Economic Zone Authority (PEZA) is urging the government to leverage the Corporate Recovery and Tax incentives for Enterprises (CREATE) Act as a platform to stimulate domestic production and services...
No choice but WESM for Meralco, for now
BusinessMirror, January 26, 2023
Lenie P. Lectura
The Manila Electric Company (Meralco) will start sourcing from the Wholesale Electricity Spot Market (WESM) the 670-megawatt (MW) capacity covered by its power supply agreement (PSA) with South Premiere Power Corporation (SPPC) that was covered by a Court of Appeals-issued Temporary Restraining Order (TRO)...
‘Delay in PHL joining RCEP sends mixed signals to investors’
BusinessMirror, January 26, 2023
Andrea E. San Juan
The Philippines’s delayed participation in the Regional Comprehensive Economic Partnership (RCEP) may be sending a signal of “inconsistency” to foreign investors, according to a Department of Trade and Industry (DTI) official...
Rep. Quimbo baffled by ‘mysteries’ surrounding onion industry
BusinessMirror, January 26, 2023
Jovee Marie De La Cruz
An economist-lawmaker on Wednesday urged the Department of Agriculture (DA) to closely coordinate with the Philippine Competition Commission (PCC) to investigate the reported existence of an onion cartel in the country...
BSP delays release of its first commercial property price index
BusinessWorld, January 26, 2023
Keisha B. Ta-asan
The Philippine central bank delayed the release of its updated Residential Real Estate Price Index (RREPI) and the launch of its first Commercial Property Price Index (CPPI) after recommendations made by the International Monetary Fund (IMF)...
Mandatory registration limiting SIM card sales
The Manila Times, January 26, 2023
Francis Earl Cueto
Sales of new subscriber information modules (SIMs) have fallen in the wake of the implementation of mandatory registrations, Information and Communications Technology Secretary Ivan Uy claimed on Tuesday...
Bourse glitch pushed aside, investors focus on GDP bets
Philippine Daily Inquirer, January 26, 2023
Miguel R. Camus
Stocks closed higher on Wednesday as investors brushed off an early-morning technical glitch at the exchange and positioned ahead of the release of the gross domestic product (GDP) data on Thursday...
Imported garlic being sold cheaper than local ones — DA
Philippine Daily Inquirer, January 25, 2023
Jean Mangaluz
Imported garlic is now being sold cheaper in markets than locally harvested bulbs, the Department of Agriculture (DA) said on Wednesday...
DOH reports slight increase in prices of antihypertensive drugs
Philippine Daily Inquirer, January 25, 2023
Zacarian Sarao
Prices of antihypertensive medicines slightly increased due to the rising inflation, as well as the depreciation of the Philippine peso, the Department of Health (DOH) said Wednesday...
Policy makers, public need to be educated on building ‘liveable’ cities
BusinessWorld, January 26, 2023
Arjay L. Balinbin
The Philippines needs a multi-sectoral approach to developing smarter or more liveable cities, starting with educating policy makers and the public on the concept’s importance and complexities, according to experts...
Shopee, Lazada urged to not carry unregistered heated tobacco, vape products
Philippine Daily Inquirer, January 25, 2023
Dennis Gutierrez
A consumer advocacy group urged major e-commerce platforms Shopee and Lazada to take immediate action against unregistered and untaxed cigarettes, heated tobacco products and vapes that are proliferating in their online stores...
Cash transfer programs deemed effective in protecting calamity-hit households
BusinessWorld, January 25, 2023
Luisa Maria Jacinta C. Jocson
Cash transfer programs were able to “effectively” protect typhoon-affected households from falling into extreme poverty, according to a study by the World Bank...