The Philippines is projected to be the 23rd largest economy by 2038 based on the latest edition of the World Economic League Table by London-based think tank Center for Economics and Business Research (CEBR). The country’s current standing is a 10-place jump from its 2023 rank of 33rd out of […]
Peso strengthens before Dec. inflation data release
BW FILE PHOTO THE PESO rose further against the dollar on Thursday as Philippine inflation likely eased last month. The local unit closed at P55.50 per dollar on Thursday, strengthening by seven centavos from its P55.57 finish on Wednesday, based on Bankers Association of the Philippines data. The peso opened […]
PSEi rebounds before December inflation data
PHILIPPINE SHARES rebounded on Thursday amid expectations of better inflation data for December. The Philippine Stock Exchange index (PSEi) gained 103.64 points or 1.59% to end at 6,602.52 on Thursday, while the broader all shares index rose 35.52 points or 1.02% to close at 3,485.76. “This Thursday, the local market […]
ERC: Committee looking into Panay Island power outage
Line men fix an electric line in Payatas, Quezon City, March 13, 2022. Manila Electric Co. is implementing lower power rates this month. — PHILIPPINE STAR /MICHAEL VARCAS THE Energy Regulatory Commission (ERC) said the Panay power outage has been referred to an interim grid management committee for investigation, adding […]
Rice imports hit 3.48 million MT as of late December
THE PHILIPPINES imported 3.48 million metric tons (MT) of rice in 2023 as of late December, according to the Bureau of Plant Industry (BPI). Rice imports in December up to the 28th of the month totaled 387.21 thousand MT, up 29.19% from a year earlier. The Department of Agriculture (DA) […]
Agri export growth hindered by funding, capacity constraints
BW FILE PHOTO By Adrian H. Halili, Reporter AGRICULTURAL EXPORT growth will continue to be constrained by limited output and funding to develop the high-value crop sector, farmers said. “Our problem with exports goes back to our problems in producing high-quality and competitively priced products on a consistent and sustainable […]
Upskilling, streamlined gov’t seen improving business performance in 2024, PCCI says
PHILSTAR FILE PHOTO THE Philippine Chamber of Commerce and Industry (PCCI) said that 2024 could be a better year for business as the government and private sector seek to address ease of doing business (EoDB), power, and upskilling issues. “With all these efforts… and all those good individuals who were […]
FEF proposes relaxing foreign ownership restrictions in Constitution
ELECNOR THE Foundation for Economic Freedom, Inc. (FEF) is proposing amending the Constitution’s economic provisions to allow 100% foreign ownership of land, utilities, educational institutions, and mass media. “We believe that the removal of restrictive economic provisions sends a clear and compelling message to foreign investors, signaling a warm welcome […]
Shopee to offer halal products
THE Department of Trade and Industry (DTI) and e-commerce site Shopee have entered a partnership to feature halal food sellers on the platform. “This initiative aims to support micro, small, and medium enterprises (MSMEs) and make halal products accessible online for sellers and consumers,” Shopee said in a statement. “It […]
Indonesian leader in Manila next week
INDONESIAN President Joko Widodo walks with Philippine President Ferdinand ‘Bongbong’ Marcos, Jr. — REUTERS FILE PHOTO By Kyle Aristophere T. Atienza and John Victor D. Ordoñez, Reporters INDONESIAN President Joko Widodo will have a three-day visit in the Philippines starting Jan. 9, according to Malacañang. The visit coincides with the […]