BW FILE PHOTOTHE PESO weakened slightly against the dollar on Thursday due to higher global oil prices.The local unit closed at P58.61 per dollar on Thursday, inching down by 3.5 centavos from its P58.575 finish on Wednesday, Bankers Association of the Philippines data showed.The peso
REUTERSTHE Philippine Economic Zone Authority (PEZA) said that it is hoping to increase electronics manufacturing services and semiconductor manufacturing services (EMS-SMS) investments in economic zones (ecozones).In a statement on Thursday, PEZA Director General Tereso O. Panga said the investment promotion agency (IPA) plans to increase
THE Tunnel Boring Machine at the Camp Aguinaldo station of the Metro Manila Subway Project in Quezon City on Jan. 16, 2025. — PHILIPPINE STAR/MIGUEL DE GUZMANTHE Department of Transportation (DoTr) is hoping to award the remaining contract packages of the Metro Manila Subway Station
Price hikes approved for 63 commodities - BusinessWorld Online PHOTO BY BERNARD HERMANTTHE Department of Trade and Industry said it has approved price increase for 63
PHILSTAR FILE PHOTOFINANCE Secretary Ralph G. Recto said that the National Tax Allotment (NTA) for local government units (LGUs) will be the equivalent of 35% of National Government revenue in 2026 when allocations to special-purpose funds are taken into account.“Today they’re getting roughly 32% as
A man arranges sacks of rice at a storage facility in Marikina City. — PHILIPPINE STAR/WALTER BOLLOZOSTHE Department of Agriculture said it lowered the price of 25% broken rice sold by the Rice-for-All program to P38 per kilogram from P40 per kilo.“This price reduction will
PIXABAYTHE DEPARTMENT of Finance (DoF) pushed for a single tax rate on Thursday on all types of nicotine and vapor products to ease the collection burden on the Bureau of Internal Revenue (BIR).“It is very hard for the Bureau of Internal Revenue to distinguish which
PHILIPPINE STAR/MIGUEL DE GUZMANTHE economy’s 2025 expansion is expected to top 6% in 2025, Banco de Oro Unibank Inc. (BDO) said, with the Bank of the Philippine Islands (BPI) giving a 6.3% estimate for gross domestic product.At the 9th Joint Economic Briefing organized by European
A WORKER cuts metal in a construction area in Binondo, Manila, March 24, 2022. — PHILIPPINE STAR/ RUSSELL PALMAWHOLESALE price growth of construction materials in Metro Manila was flat while retail price growth accelerated in December, the Philippine Statistics Authority (PSA) reported on Thursday.Citing preliminary
Last Updated on: As logistics and transportation costs continue rising, businesses seek innovative ways to optimise their shipping processes and reduce unnecessary expenditures. One powerful tool in achieving this goal is freight pre-audit. This process, which involves auditing freight invoices before payment, can provide valuable
PHILIPPINE COAST GUARD PHOTOBy Kyle Aristophere T. Atienza, ReporterUS PRESIDENT-ELECT Donald J. Trump’s pick for top diplomat urged China to stop “messing around” with the Philippines and Taiwan, saying Washington would keep its focus on the Indo-Pacific region.The US and China could avoid conflicts if
VICE-PRESIDENT Sara Duterte-Carpio — PHILIPPINE STAR/ RUSSELL PALMABy Kenneth Christiane L. Basilio, ReporterTHE House of Representatives is no longer keen on pursuing impeachment complaints against Vice-President Sara Duterte-Carpio given President Ferdinand R. Marcos, Jr.’s opposition to it, a congressman said on Thursday.The House is