Vehicles are seen plying the South Luzon Expressway in Muntinlupa City. — PHILIPPINE STAR/RUSSELL PALMA By Justine Irish D. Tabile, Reporter New vehicle sales jumped by an annual 23.2% in February, the fastest growth in seven months, according to a joint report by the Chamber of Automotive Manufacturers of the […]
Residential property price growth further slows in Q4 – BSP data
A view of residential condominium buildings in Mandaluyong, Metro Manila, Aug. 22, 2016. — REUTERS By Luisa Maria Jacinta C. Jocson, Reporter Housing prices nationwide rose at a much slower pace in the fourth quarter of 2023, data from the Bangko Sentral ng Pilipinas (BSP) showed. The Residential Real Estate […]
S&P Global keeps Philippine GDP growth outlook for 2024, 2025
People are seen enjoying the view at Manila Bay, March 27, 2024. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Luisa Maria Jacinta C. Jocson, Reporter S&P Global Ratings maintained its gross domestic output (GDP) forecast for the Philippines this year and 2025, as it expects the country to be among […]
Exporters cite job creation potential of Tatak Pinoy Act
CITEM The Philippine Exporters Confederation, Inc. (Philexport) said that the Tatak Pinoy Act can help generate jobs for Filipinos and develop lagging industries. In a statement Wednesday, Philexport President Sergio R. Ortiz-Luis, Jr. said that the export community welcomes the passage of Republic Act (RA) No. 11981, as similar efforts […]
ODA projects should be targeted for procurement streamlining – think tank
DOF.GOV.PH NATIONAL government agencies need to ensure that the preparatory stages for projects funded with official development assistance (ODA) are streamlined to avoid delays, according to a think tank attached to the House of Representatives. “To address delays inherent in procurement processes, a comprehensive approach encompassing legal resolutions, administrative streamlining, […]
EU rules favor garments from countries that source their own textiles, PHL exporters say
Image via IndustriALL Global Union/Flickr/CC BY-NC-ND 2.0 Export markets like the European Union favor garments from countries that source their own textiles internally, to comply with Rules of Origin (ROO) regulations, exporters said. As such, the government needs to help establish a commercial-scale textile factory to help supply wearables exporters, […]
PHL household food waste falls sharply to nearly 3 million tonnes a year — UNEP
REUTERS PHILIPPINE households wasted nearly 3 million tonnes of food a year, down sharply from 2021 totals, the UN Environment Programme (UNEP) said in a report. According to the UNEP’s 2024 Food Waste Index Report, Philippine household food waste amounted to 2.95 million tonnes a year, or 26 kilograms (kg) per […]
Asos, Boohoo and George promise to be ‘clear and accurate’ over eco-claims
<?xml encoding=”utf-8″ ?????????> Three major budget fashion brands in the UK, ASOS, Boohoo, and George at Asda, have committed to changing the way they communicate the environmental impact of their clothing following intervention by the Competition and Markets Authority (CMA). The CMA emphasised the importance of presenting accurate and clear […]
Vehicle sales accelerate by 23% in February
Vehicles are seen plying the South Luzon Expressway in Muntinlupa City. — PHILIPPINE STAR/RUSSELL PALMA By Justine Irish D. Tabile, Reporter New vehicle sales jumped by an annual 23.2% in February, the fastest growth in seven months, according to a joint report by the Chamber of Automotive Manufacturers of the […]
What SMEs need from the Government in the next few months
<?xml encoding=”utf-8″ ?????????> We’re almost one month on from the Spring Budget and into a new tax year, and whilst many businesses are celebrating the close of a successful first quarter, others are still reeling from the lack of support for UK business shown by Chancellor Jeremy Hunt in the […]