Lucena port terminal completion expected by 3rd quarter
THE Department of Transportation (DoTr) said the new passenger terminal building at the Port of Lucena is nearing completion and is expected to be...
Upgraded DA labs to expand food safety monitoring role
THE Department of Agriculture (DA) said it invested P55 million to expand the food safety monitoring capabilities of DA laboratories, to include testing for...
Gov鈥檛 urged to accelerate infra spending reforms after weak first-quarter growth
THE government must accelerate reforms to improve infrastructure spending and ease cost pressures to help improve consumer confidence, following the weak performance of the...
Auto industry backpedals on 500,000-unit sales goal
THE CHAMBER of Automotive Manufacturers of the Philippines, Inc. (CAMPI) said its vehicle sales target of 500,000 units for 2026 is no longer its...
PHL progress noted in diversifying exports
THE Asian Development Bank (ADB) said the Philippines has been successful in diversifying its exports while also increasing the share of domestic value-added in...
Businesses under pressure to absorb costs to maintain competitive position
MARGIN compression is looming for Philippine companies as costs rise, along with the pressure to hold the line on pricing to remain competitive, industry associations said.
Price caps under study for pork, carrots, cooking oil
THE Department of Agriculture (DA) said it is evaluating proposals to impose price caps on pork belly (liempo), carrots, and palm-based cooking oil, with...
Policy balancing act seen needed to avert stagflation
THE PHILIPPINES risks slipping deeper into a 鈥渟tagflationary鈥 environment if monetary, fiscal, and structural policies fail to work in sync, an analyst said.
PHL, Japan hope to expand agriculture cooperation deal ahead of Marcos visit
THE PHILIPPINES and Japan are preparing to expand their agricultural cooperation, with talks underway to amend a bilateral agreement to include fisheries and deepen...
ASEAN urged to keep trade barriers low
THE Department of Trade and Industry (DTI) said it called on fellow members of the Association of Southeast Asian Nations (ASEAN) to maintain open...
Factory output growth hits over 2-year high in March
MANUFACTURING output growth accelerated to a more than two-year high in March, as manufacturers began bracing for the economic fallout of the Middle East...
Mining tax reform: What you need to know
By Samantha Joy H. Oreta
Our tax system has long been complex, and since 2018, the government has introduced several reforms to simplify the framework, address inequities and improve...