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AUSTRALIA’S First Nations Yindjibarndi people and ACEN Corp. signed a partnership agreement for P36 billion worth of renewable energy projects in Western Australia. Yindjibarndi Energy Corp. (YEC), the partnership company, will develop wind, solar and ...

December survey says efforts to tame inflation not enough

January 9, 2024

Majority of Filipinos disapprove of the administration’s efforts to rein in the rising cost of goods and services, noting that inflation remains the most urgent national concern that must be addressed immediately, a Pulse Asia survey showed. Seven in 10 respondents were unhappy with how the government tried to tame inflation, a double-digit increase from […]
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PH products book $1.1-b sales in China expo

November 26, 2023

Featured Philippine products at the 2023 China International Import Expo (CIIE) generated $1.1 billion in combined purchase and booked sales, up by 67.9 percent from the previous year’s $655 million, the Board of Investments (BOI) said over the weekend. Trade Undersecretary and BOI managing head Ceferino Rodolfo said the figure was the highest so far […]
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Electronics exports expected to fall 10% in 2023

November 26, 2023

The Philippine semiconductor and electronics industry expects a 9-percent to 10-percent contraction in export receipts this year as exporters continue to grapple with global headwinds and supply issues. The Semiconductor and Electronics Industry of the Philippines Foundation Inc. (SEIPI) said during a board meeting Friday the decline was quite pronounced in September, where year-on-year electronics […]
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Rice prices rising anew on holiday demand—group

November 22, 2023

Agriculture Secretary Francisco Tiu Laurel Jr. on Tuesday threatened to cancel import permits that are not used within a month to buy an additional one million tons of rice to boost local stocks as price increases in the food staple have been noted in public markets. In a TV Patrol report, Bantay Bigas said the […]
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PSA also reports data breach to privacy agency

October 12, 2023

The Philippine Statistics Authority (PSA) sent a breach notification to the National Privacy Commission (NPC) on Tuesday, two weeks after the NPC reported the data breach on the Philippine Health Insurance Corp. (PhilHealth) servers. The NPC said it cannot disclose any information yet on the PSA incident, as it will still need to verify the […]
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President mulls fishing ban

September 19, 2023

Stresses need to stop overfishing, boost fish supply, ensure food security President Ferdinand R. Marcos Jr. is considering seasonal fishing bans in breeding areas to address overfishing and boost aquaculture. Mr. Marcos stressed the need to increase fish supply as part of efforts to ensure food security. “Sometimes, it is necessary not to catch all […]
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NFA hiking palay buying price

September 17, 2023

To P22-23/kilo in time for wet season cropping, to boost buffer stocks The National Food Authority (NFA) is poised to raise the price at which the government buys palay or unhusked rice by as much as P3 to P4 per kilo, or about P22 to P23 per kilo, in time for the ongoing wet season […]
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DTI: 2023 investments likely to top P1.5-trillion target

September 12, 2023

The Department of Trade and Industry (DTI) on Tuesday expressed optimism that investment approvals will surpass the P1.5-trillion target for 2023. Trade Secretary Alfredo Pascual said investment pledges already reached P800 billion so far, and with new commitments from the recent trade missions, “it’s just a matter of time in realizing the investment target.” “I […]
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Rice price cap off after 2 weeks

September 11, 2023

The government may lift the price caps imposed on regular and well-milled rice after two weeks and allow market forces to determine the right pricing for the staple, the Department of Trade and Industry (DTI) said Monday. At the same time, Finance Secretary Benjamin Diokno, who was quoted earlier as saying he was shocked by […]
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DOF eyes zero tax on imported rice

September 10, 2023

Diokno says temporarily lowering tariff to ensure stable supply at cheap prices The Department of Finance (DOF) wants to temporarily cut the tariff on imported rice from 35 percent to 0 percent—or at most 10 percent—to ensure the supply of the staple at affordable prices. “It is crucial that the government continue to adopt a […]
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DTI: 25K small rice retailers to get P15K aid before weekend

September 6, 2023

An initial batch of 25,000 resellers of regular and well-milled rice in Metro Manila markets will get a P15,000 subsidy to offset losses from having to sell their rice at government-imposed price ceilings before the week is over, the Department of Trade and Industry (DTI) said Wednesday. In an interview, Trade Assistant Secretary Agaton Uvero […]
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Manufacturing index fell in August

September 4, 2023