BW FILE PHOTO PRODUCTIVITY growth is improving but remains below pre-pandemic levels, pointing to the need for more effective policy action to encourage rising productivity, the central bank said. In its latest Monetary Policy Report, the Bangko Sentral ng Pilipinas (BSP) said: “Given the upward trend in the quarterly path […]
Clark solar farm contract expected to be awarded this year
THE Bases Conversion and Development Authority (BCDA) said it expects to award the contract for a solar farm in New Clark City within the year, with the bid process currently in the post-qualification evaluation stage. “We’re just doing post-qualification for a 25-megawatt (MW) solar farm,” BCDA President and Chief Executive […]
NGCP says it invested P300 billion in grid since 2009
THE National Grid Corp. of the Philippines (NGCP) said it invested about P300 billion in improving the power transmission system since taking it over in 2009. In a statement, NGCP added that it paid $3.95 billion for the concession, formerly held by state-owned National Transmission Corp. (TransCo concession). The NGCP […]
Fish port volumes up nearly 8% in 1st quarter
PHILSTAR FISH landed at regional fish ports grew 7.98% by volume quarter on quarter in the first three months of the year, the Philippine Fisheries Development Authority (PFDA) said. In a bulletin, the PFDA said volumes amounted to 118,419.49 metric tons (MT). The General Santos Fish Port Complex posted the […]
DBM to release P25 billion for indigent PhilHealth premiums
THE Department of Budget and Management (DBM) said it approved the release of P25.16 billion for the insurance premiums of qualified indigents enrolled with the Philippine Health Insurance Corp. (PhilHealth). The release will cover one year of premiums for around 8.4 million indigents. “Indigent persons are those that have no […]
Leads generated from tourism trade fair participation
PHILSTAR TOURISM trade fair participation has generated over P3 billion in business leads, the Department of Tourism (DoT) said. “We have ushered in no less than P3.33 billion in estimated sales leads generated out of the various international expos that we have participated in,” Tourism Secretary Maria Esperanza Christina G. […]
Palay output rises 2.6% in Q1
PHILSTAR PRODUCTION of palay, or unmilled rice, rose 2.6% year on year to 5.02 million metric tons (MT) in the first quarter, according to the Philippine Statistics Authority (PSA). “Year on year, this quarter’s palay production when deseasonalized was higher by 157.01 thousand (MT) or by 3.2% compared with the […]
Speaker Romualdez says House has passed 31 of 42 Marcos priority bills
THE House of Representatives has passed 31 out of 42 priority measures identified by the Marcos administration, Speaker Ferdinand Martin G. Romualdez said. “We are proud of our collective accomplishment — 31 out of 42 and counting. As of today, we have achieved a significant part of our goal in […]
ADB calls for more ASEAN investment in health, nutrition
Mothers and their children wait for free vitamins and medicine at a local health center in Manila, Philippines, Jan. 26, 2021. — REUTERS THE Association of Southeast Asian Nations (ASEAN) needs to build resilience against future public health crises by raising investment in health and nutrition, the Asian Development Bank […]
Starling Bank chief Anne Boden to step down after announcing six-fold profits increase
<?xml encoding=”utf-8″ ??> Anne Boden is stepping down as chief executive of Starling Bank, nine years after founding the company. The Welsh businesswoman said it was the right time to step aside as it reported a record pre-tax profit of £195m, a six-fold increase on the previous year. She will […]