BusinessWorld Economy
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311 articles from BusinessWorld Economy
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BusinessWorld Economy
DoF urges ASEAN, WB to collaborate in packaging investable infra, AI projects
FINANCE SECRETARY Frederick D. Go said Southeast Asian economies need to mobilize more private capital for infrastructure, artificial…
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Vietnam rice import permit canceled after low-grade rice found in 5% broken shipment
THE Department of Agriculture (DA) said it canceled the rice import permit covering a 12,480-metric ton (MT) shipment…
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DBM rejects link between budget utilization, effective service delivery
GOVERNMENT AGENCIES can spend 98% of their budgets and still fail to deliver meaningful results, Acting Budget Secretary…
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DoF’s Go calls for evolving relationship between UMICs, multilateral institutions
FINANCE SECRETARY Frederick D. Go urged multilateral lenders to offer more flexible financing to countries transitioning to upper-middle…
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Reclaiming VAT: Good news for exporters
Tax issuances rarely bring good news. Yet for qualified export-oriented enterprises, Revenue Memorandum Circular (RMC) No. 96-2026 may…
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ERC suspends reserve market, orders revamp to lower costs
THE Energy Regulatory Commission (ERC) said it halted trading on the reserve market, where backup power is procured…
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Next president urged to focus on infrastructure, curbing corruption
BUSINESS GROUPS said the next president needs to have a clear vision for reform, focusing on mobility infrastructure…
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Licensing rules could limit outsiders from engaging in agri research — PIDS
THE Agriculturists Act could limit the availability of agricultural services and discourage specialists from participating in research and…
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Building materials wholesale price growth in Metro Manila declines to 3-month low
WHOLESALE PRICE growth in September of construction materials in the National Capital Region (NCR) hit a three-month low,…
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Davao transport modernization seen fully operational by 2028
THE Department of Transportation (DoTr) said it expects to begin the full operations of the Davao Public Transport…
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Toyota puts forward new Tamaraw for PUV modernization program
TOYOTA MOTOR Philippines Corp. (TMP) said it is expanding its Next Generation Tamaraw model, positioning it as an…
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Cagayan Valley targeted for ube production expansion
THE Cagayan Valley has been selected to expand ube (purple yam) production, according to the Department of Agriculture…
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PHL clean-energy expansion risks oversupply, ACEN says
THE PHILIPPINES plans to expand renewable energy by 20 gigawatts (GW) via the green energy auctions (GEA) could…
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Provinces guided on achieving measurable development results
THE Department of Economy, Planning, and Development (DEPDev) said it launched the Provincial Development Planning (ProvDP) Framework to…
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Visayas grid at risk of further alerts if power projects delayed
THE Visayas grid is at risk of further red and yellow alerts if power project timelines slip, with…
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BIR hoping to launch VAT refund online application system in 2027
THE Bureau of Internal Revenue (BIR) said it will launch an online value-added tax (VAT) refund application system…
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PHL offshore wind program to require major transmission, port infra investments — ESCAP
THE PHILIPPINES needs significant investments in power transmission and port infrastructure, as well as stronger financing mechanisms, to…
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JICA invests in BlackRock regional infra fund
THE Japan International Cooperation Agency (JICA) said it committed up to $65 million to an infrastructure debt fund…
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PHL pitching investors for $57M worth of agrifood projects at Rome FAO forum
THE PHILIPPINES is hoping to attract $57.4 million worth of agrifood investments at a United Nation-organized forum in…
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Gap between pork farmgate, retail prices widening — Agri dep’t
THE Department of Agriculture (DA) said the gap between the farmgate and retail price of pork has increased by 38% since 2021, as it made the case for raising import tariffs to support hog raisers.
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BRT systems for Iloilo, Bataan, Pangasinan being developed
THE Department of Transportation (DoTr) said it is developing bus rapid transit (BRT) systems for Iloilo, Bataan and…
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Aerospace manufacturer to expand in Batangas
THE Philippine Economic Zone Authority (PEZA) said it signed a supplemental agreement with Global Aerospace Technology Philippines, Inc.…
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Reclaiming excess creditable withholding taxes
In continuing to build a more structured and efficient tax administration system, the Bureau of Internal Revenue (BIR)…
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