<?xml encoding=”utf-8″ ?????????> The new financial year is often an opportunity to get organised for the year ahead. For self-employed parents juggling the demands of running a business with caring for their family, it could also be a good time to review the family planner and take a fresh look […]
PSEi plunges to 4-month low, erases year’s gains
BW FILE PHOTO THE BELLWETHER INDEX plummeted to the 6,400 level on Tuesday as investors remained cautious amid the escalating conflict in the Middle East. The 30-member Philippine Stock Exchange index (PSEi) fell by 2.39% or 157.46 points to end at 6,404.97 on Tuesday, while the broader all shares index […]
Peso sinks to P57:$1 on US data
BW FILE PHOTO THE PESO recorded its worst close since November 2022 on Tuesday due to a stronger-than-expected US retail sales report and escalating tensions between Iran and Israel. The local unit closed at P57 per dollar on Tuesday, weakening by 19.2 centavos from its P56.808 finish on Monday, Bankers […]
RCEF needs to be extended, given set percentage of tariffs, DA says
PHILIPPINE STAR/KRIZ JOHN ROSALES THE Department of Agriculture (DA) said it supports an extension of the Rice Competitiveness Enhancement Fund (RCEF), with an adjusted budget allocation per year. “Definitely, I think it should be extended. But there should be adjustments so we can adapt to the times,” Agriculture Secretary Francisco […]
PSA hikes 1st quarter palay output estimate
PHILIPPINE STAR/EDD GUMBAN PRODUCTION of palay or unmilled rice, is expected to come in at 4.82 million metric tons (MT) during the first quarter, based estimates of the standing crop as of March 1, the Philippine Statistics Authority (PSA) said. PSA’s projection, if borne out, would represent a 0.3% increase […]
Energy regulator ‘confident’ in resumption of normal reserve market operations soon
BW FILE PHOTO THE Energy Regulatory Commission (ERC) is confident that the suspended reserve market will soon resume normal commercial operations. “There have been hiccups in the implementation of the reserve market, but we are confident that with the required information to be submitted to the ERC, we can resume […]
ODA to Asia declines 3.7% in 2023 — UN agency
PHILSTAR OFFICIAL development assistance (ODA) to Asia and Oceania declined 3.7% last year, forcing recipients to identify priorities for emergency needs and other projects that require immediate funding, the United Nations Global Crisis Response Group (UNGCRG) said. “At a time when slowing economic growth, rising inflation and other macroeconomic challenges […]
PHL, Singapore exploring energy security, AI tie-ups
REUTERS THE PHILIPPINES and Singapore are exploring the possibility of more partnerships in energy security, artificial intelligence (AI), and trade this year, the two countries’ foreign ministers said on Monday. In a briefing in Manila, Singapore Foreign Minister Vivian Balakrishnan said Singapore businesses are confident in the economic prospects of […]
Calamity funds worth P3 billion released by end of March — DBM
LGU PANDAN-MAYOR’S OFFICE CALAMITY FUNDS worth P3.41 billion have been released as of the end of March to fund relief operations and repairs to infrastructure that had sustained typhoon damage, the Department of Budget and Management (DBM) said. In its National Disaster Risk Reduction and Management Fund (NDRRMF) status update, […]
DILG, DoH asked to simplify process for releasing health emergency allowances
PHILSTAR THE Department of Budget and Management (DBM) has asked the Health and Local Government departments to fast-track the release of health emergency allowances (HEA), citing a backlog in releases. “To resolve the bottleneck… maybe a blanket MoA (Memorandum of Agreement) could cover all private organizations and local government units […]