FREEPIKBy Abigail Marie P. Yraola, Deputy Research HeadNOT ALL are qualified for bank loans.But the need for financial assistance is ever present for some people. And to address these financial needs, some individuals prefer to use lending apps.Frankie Garcia, 52, a manager at an information

Many industries face the simultaneous push for digitalization and decarbonization, and our energy sector is not spared from this. Leveraging digital technology is even found to be a significant way to enhance clean energy adoption and improve energy efficiency. In the Philippines, the Energy Regulatory Commission

A WORKER adjusts a machine at a manufacturing facility in Manila, Dec. 10, 2008. — REUTERSIN A PREVIOUS ARTICLE (https://tinyurl.com/2xp6ug29), we argued that manufacturing and exports are the “magic bullet” that developing countries like the Philippines need. We are not unveiling here anything new: nihil

BW FILE PHOTORATES of Treasury bills (T-bill) and Treasury bonds (T-bond) on offer this week may be mixed as the market awaits signals from the US Federal Reserve’s policy review.The Bureau of the Treasury (BTr) will auction off P15 billion in T-bills on Monday, or

1 of 3IN THE RARIFIED world of ultra-luxury, mere possession of a finely crafted object with a breathtakingly high price tag is quite often not enough.For the most discerning cognoscenti, the most desirable trait is exclusivity. From an extremely rare timepiece to a bespoke dress

PHILSTAR FILE PHOTOTHE PHILIPPINES imported 2.09 million metric tons (MMT) of rice at the end of May, up 30.6%, according to the Bureau of Plant Industry (BPI).The BPI reported that rice shipments in May rose 28% to 411,689 MT.The BPI said Vietnam remained the top

PHILSTAR FILE PHOTOTHE National Food Authority (NFA) called for the lifting of the preventive suspensions on NFA staff over the alleged irregular sale of rice reserves.NFA Administrator Larry R. Lacson said that the Office of the Ombudsman said these personnel are needed to implement the

FINANCE SECRETARY RALPH G. RECTO — DEPARTMENT OF FINANCE FACEBOOK PAGEBy Luisa Maria Jacinta C. Jocson, ReporterTHE recently approved tariff cut on rice imports will reduce government revenue by up to P22 billion, but will pave the way for inflation to fall sufficiently to justify

SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) more than tripled in April, the Bureau of the Treasury reported.Budgetary support to GOCCs surged 209% to P27.72 billion in April compared to a year earlier.The National Irrigation Administration (NIA) received the most subsidies during the month

PHILIPPINE STAR/MIGUEL DE GUZMANRETAILERS and supermarket owners said they support a move by leading manufacturers to voluntarily keep prices steady, noting the “relief” such a measure would provide to the public.Steven T. Cua, executive director of the Philippine Amalgamated Supermarkets Association, said that he welcomes

REUTERSTHE Department of Trade and Industry (DTI) said on Saturday that collective action is needed to address the clean energy transitions and anti-corruption efforts.The statement was issued in the wake of the signing of the Clean Economy and Fair Economy Agreements, as well as the

BW FILE PHOTOTHE Department of Energy (DoE) does not expect red alerts to be declared on the power grid in the coming weeks with the power supply stabilizing, though it added that yellow alerts remain a possibility.“We do not see manual load dropping or red