BANGKO SENTRAL ng Pilipinas Governor Eli M. Remolona, Jr. — COURTESY OF BANGKO SENTRAL NG PILIPINAS By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) is unlikely to cut borrowing costs at its meeting next month, as rates need to be sufficiently tight amid evolving risks to inflation, […]
House panel greenlights changes to CREATE law
PHILIPPINE STAR/MICHAEL VARCAS By Beatriz Marie D. Cruz, Reporter A HOUSE of Representatives panel on Tuesday restored the local tax on both local and foreign companies under proposed changes to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, as requested by Philippine President Ferdinand R. Marcos, Jr., according […]
Poverty incidence expected to further decline – NEDA
The government is targeting to reduce the poverty incidence rate to single-digit levels by 2028. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE NATIONAL Economic and Development Authority (NEDA) said it expects the poverty incidence to continue to decline if economic growth remains robust and inclusive and if vulnerable sectors such as […]
Poverty incidence expected to further decline this year
The government is targeting to reduce the poverty incidence rate to single-digit levels by 2028. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE NATIONAL Economic and Development Authority (NEDA) said it expects the poverty incidence to continue to decline if economic growth remains robust and inclusive and if vulnerable sectors such as […]
Global downturn unlikely to hurt remittance growth
Overseas Filipino workers (OFWs) are seen at the Ninoy Aquino International Airport Terminal 3. — PHILIPPINE STAR/WALTER BOLLOZOS By Luisa Maria Jacinta C. Jocson, Reporter REMITTANCES will likely remain resilient this year despite an expected slowdown in the global economy, particularly in the United States, analysts said. Oxford Economics economist […]
Further transforming the transport landscape
Marking its 125th founding anniversary this month, the Department of Transportation (DoTr) has been at the helm of enabling viable, efficient, and reliable transportation for roads, railways, maritime, airports, and aviation that serves as a tool for the country’s economic growth and recovery. With a rich history in public service, […]
Renewable energy projects rose by 26% in 2023 — DoE
YUE CHAN-UNSPLASH RENEWABLE energy (RE) commercial projects with awarded service contracts increased by 26% in 2023, led by solar technology, according to the Department of Energy (DoE). Data from the DoE released on Tuesday showed that RE projects totaled 1,220 last year with a potential capacity of 134,813.79 megawatts (MW), […]
Backing the Philippines’ maritime capabilities
Photo from dotr.gov.ph As an archipelago composed of 7,107 islands and strategically located as the gateway to Asia, the Philippines is surrounded by vast seas and valuable resources that it must utilize to develop and boost its economy. With the constant threat of monsoons and typhoons along with the looming […]
Megawide’s PITX to add six routes this year, targets 23M passengers
BW FILE PHOTO PARAÑAQUE INTEGRATED Terminal Exchange (PITX), a subsidiary of listed infrastructure company Megawide Construction Corp., plans to add six routes this year as it targets a passenger volume of 23 million. The expansion includes destinations like Tuguegarao City, San Carlos City, and Dagupan City in Pangasinan, along with San […]
Building paths and railways to sustainable growth
The Department of Transportation, together with President Ferdinand R. Marcos, Jr., broke ground for the Cebu Bus Rapid Transit Project — Package 1 last February 2023. — www.facebook.com/DOTrPH As part of the International Monetary Fund’s (IMF) consultation with the Philippines in December last year, the organization affirmed that the country’s […]