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October 12, 2023
CHAIRMAN of the ALC Group of Companies D. Edgard A. Cabangon was recognized as the Outstanding Civic Leader during the 5th National Convention of the Rank and File Employees of the Public Attorney’s Office (PAO). The ceremony was held at the Philippine International Convention Center (PIIC) on October 11, 2023. The award was presented to
October 12, 2023
THE Philippines will launch a National Halal Strategy which aims to generate P230 billion in investments and create 120,000 jobs in five years and support small merchants in becoming part of a global halal ecosystem, according to the Department of Trade and Industry (DTI). In a statement it issued on Thursday, the Trade department said
October 9, 2023
THE Philippines’s self-sufficiency ratio (SSR) in rice fell to 77 percent in 2022, the lowest in more than two decades, as the country remained as one of the world’s largest importers of the staple. Latest data released by the Philippine Statistics Authority (PSA) showed that the country’s rice SSR last year was lower than the
October 5, 2023
THE state's inter-agency council on inflation has proposed to President Ferdinand R. Marcos Jr. the extension of the lower tariff rates on rice, pork and corn to combat the quickening increase in food prices, according to the Presidential Communications Office (PCO). The disclosure of the proposal made by the Inter-Agency Committee on Inflation and Market
September 28, 2023
Palay (unmilled rice) production cost was the highest in regions where poverty incidence was above 10 percent, according to the latest data released by the Philippine Statistics Authority (PSA). PSA said the average cost of producing palay in the Philippines was P14.98 per kilogram in 2022. However, Central Visayas, Calabarzon, and the Bangsamoro Autonomous Region
September 27, 2023
Planters could lose almost P8 per kilogram due to the decline in farmgate prices if the proposed reduction in tariff was approved, according to the Department of Agriculture (DA). In its position paper submitted to the Tariff Commission, the DA expressed “reservation” in supporting the proposal by the private sector to reduce the tariff on
September 27, 2023
Improved government spending may drive the country’s GDP growth to as much as 5.2 percent in the third quarter, according to a local think tank. In its latest Market Call report, the First Metro Investment Corporation-University of Asia and the Pacific (FMIC-UA&P) Capital Market Research said GDP growth in the third quarter may reach 5
September 24, 2023
THE Philippine Coast Guard (PCG) on Sunday scored the installation by the China Coast Guard (CCG) of a floating barrier at the southwest portion of Bajo De Masinloc (BDM), preventing the entry of Filipino fishing boats (FFB) and their crews. Joining the outcry was the Bureau of Fisheries and Aquatic Resources (BFAR). This act of
September 12, 2023
THE Philippine economy is now expected to post slower growth on the back of weaker external demand and high base effects, according to the Asean+3 Macroeconomic Research Office (AMRO). AMRO said in a statement on Tuesday that it now projects the country’s GDP growth to average 5.9 percent in 2023…
September 3, 2023
Ma. Stella F. Arnaldo / Special to the BusinessMirror PRESIDENT Marcos Jr. assured the tourism industry of his administration’s continued commitment, as he acknowledged it as a “strong pillar of our economic growth.” In a speech at the opening of the 3-day 34th Philippine Travel Mart (PTM) on September 1,…