BusinessWorld Economy
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311 articles from BusinessWorld Economy
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BusinessWorld Economy
Decision to freeze kerosene, LPG excise due next week
FINANCE SECRETARY Frederick D. Go said he expects a decision by next week on the Development Budget Coordination…
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PHL national security adviser urges ASEAN steelmakers to build resilient supply chains
STEEL companies in the Association of Southeast Asian Nations (ASEAN) need to fortify their supply chains and diversify…
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Nature-based flood control strategy for Bulacan, Pampanga expected next year
THE Department of Public Works and Highways (DPWH) said it hopes to roll out nature-based flood mitigation solutions…
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UK, PHL target full DCTS utilization
THE PHILIPPINES and the UK are seeking to maximize the utilization of the UK’s Developing Countries Trading Scheme…
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A welcome reminder on finality
Many taxpayers understand that a tax audit takes time. What is quite difficult to accept is when years…
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High rice prices blamed on peso weakness, possible cartel behavior by grain traders
HIGH RICE PRICES despite lower import tariffs could be driven by higher import costs, a weak peso, elevated…
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Farmland geofencing rules due in December
THE Department of Agriculture (DA) said it expects policy guidelines governing the geofencing of around 3 million hectares…
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RCEP members gear up to review agreement
MINISTERS of the Regional Comprehensive Economic Partnership (RCEP) said have started to work on the review of the…
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PEZA commissions study on converting fleet to EVs
THE Philippine Economic Zone Authority (PEZA) said it signed a memorandum of agreement with Clean Air Initiative for…
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PHL bond market growth slows in Q2
THE GROWTH of the Philippine bond market slowed in the second quarter after the preceding period’s results were…
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AI to disrupt market for back-office space — JLL
By Juliana Chloe A. Gonzales ARTIFICIAL INTELLIGENCE (AI) will trigger a realignment in office space allocation in favor…
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Understanding system-loss VAT relief
Every month, I receive an e-mail from the Manila Electric Co. and, like many consumers, instinctively look for…
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Philippine-India trade talks expected to start next year
THE PHILIPPINES is looking to begin talks for a preferential trade agreement (PTA) with India next year, with…
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Farmers propose live-hog floor price of P210 per kg
AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said the hog industry is proposing a P210 per kilogram (kg)…
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ADB allocates up to $6B for blue economy in Southeast Asia
THE Asian Development Bank (ADB) will mobilize up to $6 billion through 2030 to support fisheries, coastal infrastructure…
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Drone rollout next year to support rice farming
THE Philippine Rice Research Institute (PhilRice) said it expects to roll out its Drones4Rice program by next year…
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Grid upgrades, faster permits needed even after VAT relief — business groups
BUSINESS GROUPS welcomed the removal of the value-added tax (VAT) on system loss charges but urged the government to improve grid reliability and fast-track the permit process for new power plants.
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ASEAN urged to update IP laws to shield creatives from generative AI
THE Association of Southeast Asian Nations (ASEAN) needs to update its intellectual property (IP) frameworks to protect the…
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P74.4-million rice processing facility opens in Cabanatuan
THE Department of Agriculture (DA) inaugurated a rice processing facility in Cabanatuan City on Thursday, which was built with P74.4 million in funding from the Rice Competitiveness Enhancement Fund (RCEF). The facility includes a state-of-the-art multi-stage rice mill with a capacity of 4 to 5 tons per hour and three recirculating dryers, each with a […]
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Building permit approvals fall 1.2% in July
APPROVED building permits dropped to a three-month low in July with high material and financing costs dampening property demand and construction starts. Citing preliminary data, the Philippine Statistics Authority (PSA) said approved construction projects numbered 15,890 in July, down 1.2% from a year earlier. The rate of decline eased relative to the 4.4% contraction in […]
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Standard Chartered to advise on Clark investment opportunities
THE Bases Conversion and Development Authority (BCDA) said it signed a memorandum of understanding (MoU) with Standard Chartered Bank to jointly study development opportunities for the Clark Freeport and Special Economic Zone. In a statement on Wednesday, the BCDA said the MoU seeks to explore urban development and investment opportunities within the Pampanga ecozone. “Both […]
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Budget release rate hits 90.5% in August
The Department of Budget and Management (DBM) said it released 90.5% of the original budget for 2026 as of the end of August. According to the DBM Status of Allotment Release report, the releases amounted to P6.149 trillion out of the originally budgeted P6.793 trillion, leaving P644.507 billion undistributed. The release rate at the end […]
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US ethanol exports to PHL hit record in 2025 — USDA
THE US Department of Agriculture (USDA) said US fuel ethanol exports to the Philippines hit a record 382 million liters in 2025, making the country the sixth-largest market for US ethanol. In a report, the USDA’s Foreign Agricultural Service said exports rose due to greater fuel consumption and limited domestic production in the Philippines. The […]
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