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.
The post ‘Government spending will boost GDP growth in Q3’ first appeared on BusinessMirror.

THE House of Representatives went on a congressional break on Wednesday with the final approval of the proposed P5.768-trillion General Appropriations Act and all 20 priority bills of the Legislative-Executive Development Advisory Council (Ledac).
The ...

The initial auction for the state’s second RDB offering last Wednesday, the first under the Marcos Jr. administration, fetched a total of $636.2 million bids from investors, according to data from the Bureau of the Treasury (BTr).
The post Manila’s ret...

THE plenary deliberations of the Office of the Vice President’s (OVP) as well as the Department of Education’s (DepEd) proposed budget for 2024 have been rescheduled for Wednesday—the last day of the budget debates.
The post OVP, DepEd budget debates r...

THE congressional bicameral conference committee has approved the proposed Public-Private Partnership (PPP) Act, which includes “innovations” to boost green projects, Official Development Assistance (ODA), and returns of public-private projects to the ...

ARTIFICIAL intelligence will inevitably replace “certain” human jobs but companies should be responsible for retooling their employees who will be affected by it, former chief operating officer of Nestlé Group Peter Brabeck-Letmathe said...

THE state’s rice price ceiling and elevated world grain prices will curb the Philippines’s rice imports next year to 3.5 million metric tons (MMT), according to an international report.
The post Rice price cap, pricier global grain seen to cut imports ...

PRESIDENT Ferdinand R. Marcos Jr. rejected the proposal of his economic managers to temporarily reduce rice tariffs due to the projected downward trend in the international prices of the staple.
The post Marcos rejects rice tariff cut proposal first ap...

A TOTAL of 10,387 out of the 10,791 Bar applicants have managed to finish the three-day 2023 Bar Examinations held in 14 testing centers nationwide.
The post 10,387 finish 3-day 2023 Bar exams, new lawyers to be known in December first a...

The House on Tuesday adopted a resolution expressing its profound condolences to the family of the late former Marikina City mayor and congressional representative, Bayani “BF” F. Fernando, who passed away on September 22 at the age of 77.
The post Low...

Guided missile frigate BRP Antonio Luna (FF-151) demonstrated her formidable firepower by firing all of her guns during a recent gunnery exercise held off the coast of Zambales.
The post Missile frigate BRP Antonio Luna fires‘big guns’ in Zambales coas...

The Philippine Coast Guard (PCG) beefed up its capability to station ships at the disputed Bajo De Masinloc, also known as Scarborough Shoal, a ranking official of the maritime agency said Tuesday.
The post PCG beefs up capability to station ships in d...

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.
The post EDC beefing up ‘war chest’ for new geothermal wells first ...

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.
The post Q3 growth to ‘slow’ on BSP’s tight policy first ...

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.
The post PHL eyes $.2B from first sale of RDBs first appeared on Bu...

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.
The post Comelec: BSKE prematur...

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.
The post 11-week oil price hike streak ends, but increases still possible until December first appeared on...

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.
The post Bong Go co...

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.
The post Phi...

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’...