Palace still seeking ‘balanced,’ ‘acceptable’ anti-endo measure

PHILIPPINE STAR/ BOY SANTOS By Kyle Aristophere T. Atienza, Reporter THE PRESIDENT’S spokesman said the Executive branch is still working with Congress on a version of the Security of Tenure bill that balances the interests of workers and employers, after the bill was left out of President Rodrigo R. Duterte’s State of the Nation Address […]

PHL signs agreement for second tranche of Japan subway loan

PHILSTAR FOREIGN AFFAIRS Secretary Teodoro L. Locsin, Jr. signed the second-tranche loan agreement with Japan Tuesday for the financing of the Metro Manila Subway’s Phase 1. Mr. Locsin signed the agreement with Japanese Ambassador Koshikawa Kazuhiko for the loan, valued at about P115.7 billion. The financing was provided by the Japan International Cooperation Agency. “The […]

June retail price growth of building materials steadies in capital region

PHILIPPINE STAR/ BOY SANTOS By Nadine Mae A. Bo THE OVERALL year-on-year increase in retail prices of construction materials in Metro Manila steadied for a second consecutive month in June, the Philippine Statistics Authority (PSA) said. Preliminary PSA data released on July 23 indicate that the construction materials retail price index (CMRPI) grew 1.2% in […]

POGO tax bill skips bicam as House adopts Senate version

PHILSTAR A PROPOSED law seeking to tax Philippine Offshore Gaming Operators (POGOs) will be transmitted directly to the Palace after the House adopted the Senate version of the measure, doing away with the need for a bicameral conference committee to reconcile the two chambers’ bills, a senior legislator said. House Ways and Means Chairman Jose […]

Farm losses due to Fabian, monsoon rains estimated at P285.73M

AGRICULTURAL DAMAGE due to rains brought by the southwest monsoon, enhanced by Typhoon Fabian (international name: In-fa), was estimated at P285.73 million, according to the Department of Agriculture (DA). The DA said in a bulletin posted on its Facebook page Tuesday that the adverse weather affected 11,898 farmers and 16,336 hectares of agricultural land in […]

NEA ahead of target electrification pace in first half

THE NATIONAL Electrification Administration (NEA) said Tuesday that it has brought power to a total of 590 rural villages or more than half of its 2021 target during the six months ending June. The majority of this year’s “energized” sitios are located in Mindanao. “For the first semester of the current year, the NEA has […]

Former DoE official elected as PEMC president

By Angelica Y. Yang, Reporter FORMER ENERGY Assistant Secretary (ASec) Leonido J. Pulido III has been elected to lead the Philippine Electricity Market Corp. (PEMC) as its president, the company said Tuesday. Mr. Pulido “was elected PEMC President. He is not new to the industry having served as an Assistant Secretary at the Department of […]

Peso weakens vs dollar on budget balance, BoP data

THE PESO weakened further on Tuesday following the release of reports showing the country recorded budget and balance of payments deficits in the first half. — BW FILE PHOTO THE PESO retreated versus the greenback on Tuesday due to data showing below-target government spending and a balance of payments (BoP) deficit in the first half. […]

PSEi up on positive data, vaccination progress

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. STOCKS rebounded on Tuesday as investors picked up bargains following improved energy consumption data reported by Manila Electric Co. in the first half of the year and progress in the country’s vaccination program. The Philippine Stock Exchange index (PSEi) gained 149.97 points or 2.35% to close at 6,522.58 on […]

NEDA’s Chua calls for better data to accelerate economic reform

PHILSTAR THE GOVERNMENT needs to improve its information gathering and management to help policymakers develop vital economic reforms faster, Socioeconomic Planning Secretary Karl Kendrick T. Chua said. “Evidence-based policies can accelerate the implementation of long-overdue reforms,” Mr. Chua said during the Analytics Summit PH Tuesday. He said data gathered through the Tax Incentives Management and […]