BW FILE PHOTO By John Victor D. Ordoñez, Reporter THE PHILIPPINE SENATE on Wednesday approved on second reading a bill calling for a P100 ($1.78) across-the-board minimum wage increase for workers in the private sector. The increase will ensure a “living wage” for the Filipino workforce, according to Senate Bill […]
PHL household goods sector may grow by 7.5%, says BMI
FREEPIK THE PHILIPPINES’ household goods sector may grow by 7.5% this year to P270.4 billion ($4.8 billion) from last year as rising incomes boost consumer spending, BMI Country Risk & Industry Research said. In a report dated Feb. 13, BMI said spending on household goods would likely grow by 7.1% […]
Economists ask Marcos gov’t to push easing foreign ownership cap while cutting red tape
PHILIPPINE STAR/KJ ROSALES THE GOVERNMENT of President Ferdinand R. Marcos, Jr. should push easing foreign ownership restrictions in the 1987 Constitution while cutting bureaucratic red tape to attract foreign direct investments (FDI), according to economists. “Removing the specific restrictive provisions in the 1987 Constitution is a necessary but not a […]
PHL privatization office eyes easier rules to meet target
THE FINANCE DEPARTMENT’S Privatization and Management Office (PMO) wants to revise the guidelines on the sale of Philippine government assets to help meet its “hefty” targets this year. “What we’re trying to do right now is amend the Privatization Council (PrC) guidelines to make disposition easier,” Finance Undersecretary Catherine L. […]
The six biggest ways wine will change in 2024
AS I PEER in my crystal glass to puzzle out where the wine world is going next, I see one constant: climate change. It challenged winemakers in 2023, the hottest year in history, and will continue to do so for the foreseeable future. Wildfires in Greece; massive heat and drought […]
Local wine trends
MOSCATO GALORE: Yellow Tail from Australia and Gato Negro from Chile (Part 1) HAPPY Year of the Wood Dragon! Entering this new lunar year, I want to share my personal thoughts on the current wine trend in our country based on my interaction, conversation, and my own experience within the […]
Manila House under renovation, renews lease for 10 years
MANILA HOUSE — MANILAHOUSEINC.COM MANILA House renewed their 10-year lease for their space at Bonifacio Global City’s (BGC) Seven/NEO building on 5th Ave., and has also announced a renovation. The exclusive club (Manila House chair shipping heiress Doris Magsaysay Ho didn’t quite answer the question when asked about the membership […]
Coordinated action needed to address P250-B water project needs — DENR
PHILIPPINE STAR/RUSSELL PALMA THE PHILIPPINES needs coordinated efforts among stakeholders to address its water supply challenges, with an estimated investment of P250 billion needed to serve 40% of the population, an official from Department of Environment and Natural Resources (DENR) said. “There’s still 40% of our population that does not […]
Spain’s paella rice could ‘disappear,’ say farmers angry at EU rules
(MADRID — A Spanish rice variety traditionally used to make paella is under threat from a fungus after the European Union (EU) banned a pesticide farmers said they relied upon, in another example of how the bloc’s environmental rules are angering growers. Three rice producers in the Valencia region said […]
Israeli water treatment company eyes opportunities in PHL
UNSPLASH ISRAEL-BASED water treatment company IDE Technologies Group is eyeing expansion opportunities in the Philippines, the company’s chief executive officer (CEO) said on Wednesday. “We’re focusing on a specific project, but that project is kind of a very interesting opening for us because it will involve creating a local entity […]