Foreign chambers push early OK of Public Service Act
BUSINESS groups believe the passage of a law amending the Public Service Act (PSA) at this time would place the country in the league of its neighbors that are more open to foreign investments.
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BUSINESS groups believe the passage of a law amending the Public Service Act (PSA) at this time would place the country in the league of its neighbors that are more open to foreign investments.
The country’s water stress level increased in the past 10 years, according to the latest water accounts released by the Philippine Statistics Authority (PSA).
THE Philippine and New Zealand governments are now in talks for a possible bilateral cooperation to improve Bureau of Customs (BOC) and the Social Security System (SSS), according to the Department of Finance (DOF).
THE Commission on Population and Development (Popcom) recommended that its demographic vulnerabilities tool (DVT) be used in the vaccination rollouts in the country to target highly-affected communities.
FOUR years after a siege that laid waste to a huge part of the progressive Islamic City, Task Force Bangon Marawi (TFBM) said Marawi is on the mend with local government revenues increasing 60 times based on 2020 data.
MAJORITY of overseas Filipino workers (OFWs) who returned to the Philippines because of the pandemic found themselves jobless three months after their arrival, according to a report by International Organization for Migration (IOM) Philippines.
THE Bangsamoro Normalization Trust Fund (BNTF) will help former combatants and their communities attain peace and prosperity, according to the World Bank.
THE Government of Japan, through the Japan International Cooperation Agency (Jica), will release P10 billion to the Government of the Philippines this month under the Post-Disaster Stand-by Loan Phase 2 (PDSL 2).
SUPPLY constraints were already a given before the Ever Given blocked the Suez Canal: lockdowns are to blame and exporters are seen to put up with the setback for a long term. And merchants relying on revenues from sending goods out of the country’s borders—nay, the whole economy itself have no other choice but to adjust operations and hold on tight during this bumpy ride.
Over a million Filipinos have registered for Step 1 of the Philippine Identification System (PhilSys) through the online system of the Philippine Statistics Authority (PSA).
THE National Economic and Development Authority (Neda) said the speed of vaccinations and the distribution of vaccines in areas with high Covid-19 numbers would help the economy recover faster.
THE inability of the country’s exporters to meet health, safety and marketing standards cost them some $249.7 million in lost opportunities annually, according to a study by a former Dean of the University of the Philippines School of Economics (UPSE).
THE Foundation for Economic Freedom Inc. (FEF) and other groups expressed its support for the immediate passage of the Real Property Valuation and Assessment Reform Act or Package 3 of the Comprehensive Tax Reform Program.
OVER 100,000 Filipinos will soon be receiving their National IDs, according to the Philippine Statistics Authority (PSA).
FEAR of Covid-19 still prevented consumers from spending in the first quarter, local economists said following the release of the latest GDP data on Tuesday.
The economy contracted 4.2 percent in the first quarter of the year, according to the latest data released by the Philippine Statistics Authority (PSA) on Tuesday.
THE national government could consider imposing a special tax on firms that did well during the crisis to help those who suffered during the lockdowns, according to an economist from the Asian Development Bank (ADB).
THE Asian Development Bank (ADB) has declared that it will no longer finance any coal-related projects and will move to retire and decommission coal-fired power plants in the region.
In its draft energy policy, ADB said it “will not finance any coal mining, oil and natural gas field exploration, drilling or extraction activities.” This includes cross-border transmission lines linked to coal power plants.
ADB said it no longer invests in projects that modernize, upgrade, or renovate coal facilities to extend their life. The bank will only finance projects that will re-engineer plants for use of cleaner fuels, such as natural gas or renewable energy sources.
“ADB will support DMCs in planning for early retirement of coal power plants and will support decommissioning of coal power plants and site redevelopment for new economic activity, including cleaning of hazardous materials, restoring soil and water, redevelopment of the buildings, and upgrading existing infrastructure. In providing support for coal phase out, ADB will support new job creation in cooperation with the local communities and stakeholders,” the draft energy policy document stated.
The draft said that in cases of coal-fired power plants re-engineered to natural gas, these projects will only be financed if these would help attain net neutrality by mid-century.
FOLLOWING passage of a law that reduced the corporate income tax (CIT), the Philippines is encouraging South Korean manufacturers of electric vehicle (EV) parts and semiconductor firms to invest in or expand their operations in the country.
THE Department of Human Settlements and Urban Development (DHSUD) has stepped up its efforts against squatting syndicates which keep millions homeless.
The intellectual property (IP) registration of homegrown brands can help micro, small, and medium enterprises (MSMEs) recover from the pandemic, according to a former Trade official.
The country’s exports and imports recovered in March with double-digit growths, according to data released by the Philippine Statistics Authority (PSA) on Friday.
The country’s manufacturing industry performance contracted in March, marking its sharpest decline since August last year, according to data released by the Philippine Statistics Authority (PSA) on Friday.
The country’s exports and imports recovered in March with double-digit growths, according to data released by the Philippine Statistics Authority (PSA) on Friday.
The country’s manufacturing industry performance contracted in March, marking its sharpest decline since August last year, according to data released by the Philippine Statistics Authority (PSA) on Friday.
ECONOMIC difficulties caused by the Covid-19 pandemic have forced seniors and undergraduate students to look for work, local economists said, as the Philippine Statistics Authority (PSA) released the March Labor Force Survey (LFS) showing an improvement in the jobs sector.
THE Asian Development Bank (ADB) said that while cancelling debts in light of the pandemic would not be possible as it would undermine its credit ratings, the Manila-based multilateral development bank assured critics its days of financing coal projects are now behind it.
ELEVATED food prices and the spike in oil prices will work in tandem to put pressure on inflation in the months to come, local economists said on Wednesday.
THE Asian Development Bank (ADB) has committed to help its Developing Member Countries (DMCs) to meet and even exceed their targets under the Paris Agreement.
The Philippine Statistics Authority (PSA) is now in talks with their Information Technology (IT) consultants to increase the capacity of the National ID site to allow more Filipinos to register in the PhilSys.
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