PHILIPPINE STAR/MICHAEL VARCASBy Adrian H. Halili, ReporterTHE SALE of rice reserves to local government units (LGUs) during the food security emergency could generate losses of P2.25 billion for the government, the National Food Authority (NFA) said.In a briefing on Tuesday, NFA acting Department Manager for
REUTERSTHE Department of Agriculture (DA) said on Tuesday that the maximum suggested retail price (MSRP) scheme on imported rice will take effect nationwide starting Feb. 15.Assistant Secretary and Spokesperson Arnel V. de Mesa said at a briefing that the DA will also lower the MSRP
PHILSTAR FILE PHOTOA LOCAL-CONTENT requirement of 30% for vehicles assembled in the Philippines and tax incentives will potentially attract $500 million in investments in the auto industry, the Philippine Parts Maker Association (PPMA) said.In a statement on Tuesday, PPMA said one of its proposals to
REUTERSTHE PHILIPPINES and Chile are expected to start the first round of negotiations for a bilateral free trade agreement (FTA) in April, the Department of Trade and Industry (DTI) said.“The first round will be (in Chile),” Trade Undersecretary Allan B. Gepty told reporters last week.“We
PHILSTAR FILE PHOTOA JAPANESE travel reservation application and a travel company named Cebu as among the top international destinations for the Japanese market, the Department of Tourism (DoT) said.Cebu ranked third in the Area Category for the NEWT Awards and was the seventh most booked
PHILIPPINE STAR/MIGUEL DE GUZMANTHE PHILIPPINE Chamber of Commerce and Industry (PCCI) said it supports delaying the Sugar Regulatory Administration’s (SRA) new import clearance fees for some non-sugar sweeteners.“We are glad that the Sugar Regulatory Administration has listened to and considered valid the concerns of the
FACEBOOK.COM/CFSI.REBUILDINGLIVESTHE PHILIPPINES is seeking a four-month extension for the $4-million project loan from the World Bank to transform former separatist guerilla bases into economic engines for the Bangsamoro Autonomous Region in Muslim Mindanao.The extension requests seek a new closing date of June 30 from the
Donald Trump’s latest round of tariffs on Mexican, Canadian and Chinese imports appears set to deepen global trade tensions, affecting everything from automotive production and retail prices to the commodities markets and digital currencies. The new levies now extend to small packages previously exempt from such
IGACPAS.COMTHE Bureau of Internal Revenue (BIR) said on Tuesday that it collected P2.06 trillion via e-payments in the 10 months to October.The BIR said e-payments accounted for 85% of total collections.“We see that more and more people are actually using our e-services and paying online,”
PHILSTAR FILE PHOTOLAGUNA became the first province to exceed the P1-trillion mark in terms of economic value contributed to the economy in 2023, the Philippine Statistics Authority (PSA) reported on Tuesday.The province generated an economic value of P1.03 trillion in 2023, according to the PSA’s
Local housing charity raises over £16,000 to support pets of the homelessOn Tuesday, February 4th, 2025, Coastline Housing colleagues presented a check for £16,806 to StreetVet, a charity that provides free veterinary care and services to pets of those experiencing homelessness. The check was presented
China has retaliated against President Donald Trump’s imposition of a 10 per cent tariff on its exports to the United States, announcing fresh duties on liquefied natural gas (LNG), coal and oil. The rapid escalation between the world’s two largest economies has once again raised fears