TRADE SECRETARY Ramon M. Lopez said the current strength of the peso is challenging for the export sector, and added that the currency could do with some weakening, calling P50 to the dollar a “balanced” valuation which will satisfy exporters while still enabling the surge
THE Transportation department has started seeking bids for the contract to build the Manila stations of the Malolos-Clark Railway and the South Commuter Railway. The department said in a posting on its website that it is inviting bidders for the building and civil engineering works for
A MEASURE that will establish procurement preferences for sustainable products has been filed in the Senate, with its proponents saying it will help the Philippines achieve its Sustainable Development Goals (SDGs). Senate Bill No. 1895, the proposed “Green Public Procurement (GPP) Act,” will establish a GPP
Sales at Halfords shifted up a gear in the last quarter of 2020 as the bikes-to-car parts retailer rode a lockdown cycling boom. Its shares jumped by almost 8 per cent, or 22p, to 299½p after it said that its sales had increased 11.5 per cent
The Philippines’ dollar reserves reached a new all-time high as of end-2020, the central bank said on Friday. GROSS international reserves (GIR) — which shield the country from liquidity shocks — stood at $109.8 billion as of end-December, up 4.8% from $104.8-billion level as of end-November
More than 50 private sector groups are urging lawmakers to immediately enact a bill that would cut corporate income tax and streamline fiscal incentives. Legislators are set to convene the bicameral conference committee to reconcile clashing provisions in the Corporate Recovery and Tax Incentives for Enterprises
After securing $13.36 billion in loans and grants from foreign sources to finance its pandemic response last year, the government is now seeking to raise $1.46 billion (P70 billion) from multilateral agencies to fund the country’s coronavirus disease 2019 (COVID-19) vaccination programs. The Asian Development Bank
Over 30,000 personnel will be needed in the government’s rollout of mass vaccinations against the coronavirus disease 2019 (COVID-19). If the initial rollout of the vaccination program will have to vaccinate over 24 million Filipinos, “we will need about 35,240 vaccinators and an additional 176,200 personnel,”
The Supreme Court (SC) on Friday announced that oral arguments on petitions against the Anti-Terror Law that were to be held next week have been reset for February as some members of the Solicitor General’s staff have tested positive for coronavirus disease 2019 (COVID-19). In a
Deputy Speaker calls for early approval of economic amendments to Constitution It would be better to pass pending economic reform measures instead of pushing for Charter Change (Cha-Cha), the Trade and Industry Secretary said on Friday, citing the limited time available to amend the 1987 Constitution. The
The Department of Health (DoH) on Friday reported 2,048 additional positive cases of the coronavirus disease 2019 (COVID-19) as the country faces a post-holiday surge of the virus. This brings the total number of COVID-19 cases in the country to 496,646, the DoH said in its