THE proposed Military and Uniformed Personnel (MUP) Pension System Act approved at the Lower House last Tuesday would require new entrants to pay for their pension, a provision that radically changes an old system.
The post House-approved MUP bill want...

Lopez-led Energy Development Corp. (EDC) is preparing a P60-billion “war chest” to cover the cost of drilling 40 new geothermal wells and enhance the performance of its existing wells.
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THE tight monetary policy of the Bangko Sentral ng Pilipinas (BSP) is expected to adversely affect the economy’s performance in the third quarter, according to a United Kingdom-based think tank.
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IT will take three to four decades more before the Philippines becomes what is called “an aging society,” according to the National Economic and Development Authority (Neda).
The post Neda: 3, 4 decades before we see ‘aging PHL’ first appeared on Busin...

INVESTORS looking to park their funds in the Maharlika Investment Fund (MIF) will find that some of these investments will find their way into the Infrastructure Flagship Projects (IFPs), according to the National Economic and Development Authority (Ne...

THE Marcos Jr. administration plans to raise at least $200 million from its first sale of retail dollar bonds (RDBs)—the second for the Philippines—to meet the state’s financing needs.
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THE Commission on Elections said on Monday it will also be sending personal notices to Barangay and Sangguniang Kabataan Elections (BSKE), who are facing possible election offences due to premature campaigning.
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JUSTICE Secretary Jesus Crispin Remulla said on Monday a panel of prosecutors is now being formed to handle pending and future complaints in relation to the alleged illegal activities of the so-called Socorro cult (Socorro Bayanihan Services Inc. or SB...

THE Philippine Chamber of Commerce and Industry (PCCI) has inked an agreement with the Department of Trade and Industry (DTI) to establish a partnership between the government and the business community to leverage on free trade agreements (FTAs), pref...

Senate Majority Leader Joel Villanueva, principal sponsor and author of the Doktor Para sa Bayan law, assured the timely passage of related bills creating five additional medical schools expected to mitigate a looming “shortage of doctors” in order to ...

AFTER more than two months of pump price increases, oil firms announced Monday they will bring down prices of their petroleum products this week.
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MANILA, Philippines, — LRT-1 private operator Light Rail Manila Corporation (LRMC) is set to carry out rail replacement activities in the reversing or turnback area of its Baclaran Station from 20 – 24 September 2023 as part of the company’s continuous...

Imagine a world without authors, writers, content creators, editors, and artists today. One might ask, “Why do I have to imagine this”? Well, it is a thought, and it could happen if people keep disrespecting others’ works and if copyr...

Grab Philippines, the nation’s leading superapp, continues to take bold strides towards fostering the equitable success of its partners with the launch of GrabAsenso, a comprehensive program designed to uplift the lives of Grab’s vast network of driver...

The Family Planning Organization of the Philippines (FPOP), International Planned Parenthood Federation (IPPF) and Organon Philippines joined forces to confront one of the most critical public health challenges facing the nation: adolescent pregnancies...

On Wednesday, September 20, Senator Christopher “Bong” Go co-sponsored Senate Bill No. 2441, or the “Free College Entrance Examinations Act,” which aims to further democratize access to quality education in the country.
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Hardly a day goes by without a passenger recounting how an airline spoiled their trip due to delays. Data tells us that 30 percent of flights are delayed and one disruption caused, perhaps by damaged plane checkups, rundown runway, or stormy weather, l...

THE Philippines went down six notches in the Institute for Management Development’s (IMD) World Talent Ranking (WTR) from 54th in 2022.
The post PHL down 6 notches in IMD Talent Ranking first appeared on BusinessMirror.

HSBC survey reveals the Philippines as a top target for international businesses eyeing Southeast Asian markets. Competitive wages and a growing consumer sector make it an appealing destination. Learn more about key drivers and challenges.
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NEARLY all 10-year-old Filipinos cannot read and understand age-appropriate reading materials, according to the World Bank.
The post 91% Learning poverty thrice govt estimates first appeared on BusinessMirror.

THE country continued to post a Balance of Payments (BOP) deficit for the fifth consecutive month in August 2023, according to the Bangko Sentral ng Pilipinas (BSP).
The post August BOP widens to $57M on debt payments first appeared on BusinessMirror.

THE IT-BPM industry is on track to reach 1.7 million full-time employees (FTEs) by the end of 2023, despite the industry having “more demanding” job requirements for job seekers and graduates, IT and Business Process Association of the Philippines (IBP...

THE recent spike in inflation prompted the Asian Development Bank (ADB) to revise its growth forecast for the Philippines this year.
The post ADB lowers growth forecast on inflation hike first appeared on BusinessMirror.

THE Department of justice (DOJ) is set to form a task force to handle the investigation into the illegal activities of the so-called “Socorro cult” in order to protect the welfare of its minor victims.
The post DOJ forming task force for ‘Socorro cult’...

THE Europeans are coming! This was the assurance made by Romania’s Ambassador to the Philippines Raduta Dana Matache on Wednesday at a European Chamber of Commerce of the Philippines (ECCP) luncheon where tourism prospects in the Philippines were discu...

FRANCE has renewed its commitment to help in the ongoing Armed Forces of the Philippines Modernization Program (AFPMP), the Department of National Defense (DND) announced Wednesday.
The post France affirms support for AFP’s ongoing modernization progra...

The House Committee on Agriculture and Food on Wednesday approved an unnumbered substitute bill declaring large-scale agri-fishery commodities and tobacco smuggling, profiteering, cartelizing, and other acts of market abuse as economic sabotage.
The po...

Manila and local producers should address “supply side issues” and “capacity constraints” to enable exporters of durian and calamansi juice to increase their market share in China, according to Department of Trade and Industry (DTI) officials.
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Halfway into the implementation of the 2030 Agenda for Sustainable Development, a lot of the progress made towards its food and agriculture-related targets has stagnated or reversed, according to a new report by the Food and Agriculture Organization of...

Ships carrying everything from consumer goods to food and fuel in and out of the European Union will soon face hefty emissions bills.
The post Big emissions bills are coming for ships sailing in Europe first appeared on BusinessMirror.

The Philippines’s external debt declined by nearly a billion dollars as of end-June after the United States Federal Reserve tightened monetary policy in the second quarter, according to the Bangko Sentral ng Pilipinas (BSP).

The House of Representatives will start the plenary debates on the proposed P5.768-trillion national budget for 2024 on Tuesday as it is targeting to finish the budget process on September 27.

China has opposed efforts by small island nations to require coastal states to protect the oceans and seas to stop the worsening effects of climate change.

Local exporters of semiconductors and electronics said the Philippines’s free trade agreement (FTA) with South Korea would help the industry expand its market share and boost its growth prospects.

The Public Utility Vehicle (PUV) Modernization Program offers a “substantial” economic benefit as it is seen to generate over 3,000 jobs in the manufacturing industry, according to the Automotive Body Manufacturers Association of the Philippines (ABMA...

Electricity rates are on a downward trend as demand has fallen and the prices of the type of fuel sourced by power distributors have declined, according to the Department of Energy (DOE).

Telcos and regulators—as well as law enforcement agencies—are under pressure to improve the implementation of the SIM Registration Act, with the chief author of the measure pushing back against those who view the problem as rooted in the law.