Business

The move seeks to bring transparency to the agricultural sector, combating illegal activities and ensuring food security. The Department of Trade and Industry (DTI) intends to establish a national warehouse database, aiming to address rising concerns over agricultural smuggling and hoarding. Amid reports of illegal activities crippling the country’s agricultural sector, the DTI believes such

Economic repercussions felt as mother nature and global market shifts challenge the nation’s stability. The Philippine economy is grappling with rising inflation rates, as the aftermath of recent typhoons coupled with escalating global oil prices put pressure on consumer prices. Economists warn that this surge may stifle the nation’s recovery from the pandemic’s economic downturn.

The government intervenes to ensure affordable rice for all amid volatile market prices. Manila, Philippines – In a landmark move, the Philippine government has instituted price caps on rice, a staple food in the country, to ensure its affordability and stabilize market fluctuations. The decision follows weeks of escalating prices due to various factors, including

The Department of Finance advocates for the passage of seven essential tax initiatives during the legislative assembly’s current term. MANILA — The Department of Finance (DOF) has identified and pushed for the speedy enactment of seven critical tax measures in the 19th Congress, signaling a robust commitment to financial reforms that aim to boost the

As the anticipated surge in economic growth falls short, market players pin hopes on the central bank’s buffer mechanisms. Following an unanticipated deceleration in economic growth, investors are eyeing the BSP (Bangko Sentral ng Pilipinas) buffer mechanisms as a potential safeguard against the turbulent financial waters. Many had pinned high hopes on a robust expansion

Legislators and watchdogs seek transparency on significant budget allocation. MANILA — The Department of Budget and Management (DBM) finds itself at the center of growing criticism and questions after it decides to allocate a whopping ₱10.14 billion for confidential and intelligence funds. This allocation, critics argue, lacks transparency and necessitates public scrutiny. The significant budget

Economic challenges continue as the Philippines faces a significant rise in unemployment numbers this June. Manila, Philippines – Recent data has spotlighted a concerning economic trend in the Philippines, as unemployment figures reached a staggering 2.33 million in June. The economic slowdown and the ongoing impacts of the COVID-19 pandemic have significantly contributed to this

Amidst a challenging economic climate, the Fiscal Incentives Review Board (FIRB) greenlights 25 groundbreaking projects under President Marcos’ administration, signaling an optimistic surge for the country’s financial future. MANILA – In a statement released yesterday by Secretary of Finance Carlos Dominguez III, the Fiscal Incentives Review Board (FIRB) has given its approval for 25 large-scale