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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The Land Transportation Franchising and Regulatory Board (LTFRB) said the distribution of fuel subsidies to public transport operators will start Wednesday (Sept. 13) to cushion the impact of high petroleum prices. The agency’s Memorandum Circular No. 2023-038 provides the standards in the implementation of the Pantawid Pasada Program (PPP) or Fuel Subsidy Program (FSP). Among […]
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The Philippine economy will likely post a slower growth of 5.9 percent in 2023, compared to the 46-year high of 7.6 percent in 2022 amid weaker external demand, the ASEAN+3 Macroeconomic Research Office (AMRO) said Tuesday. AMRO, an international organization that carries out macroeconomic surveillance in the ASEAN+3 region and is composed of the 10 […]
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