PH facing up to 30% drop in remittances this year
The Philippines is seen as among the emerging markets to be hit by an up to 30-percent drop in remittances, based on the projection of Washington-based Institute of International Finance…
Biz groups push passage of Arise
More than 40 local and foreign business groups, including the Philippine Chamber of Commerce and Industry and the American Chamber of Commerce of the Philippines, have urged Congress to pass…
Agriculture budget and economic growth
For substantial sustainable economic growth, we must significantly increase the Department of Agriculture’s (DA) budget. We now have a possible additional P56 billion because of the Stimulus Fund triggered by…
DA implements ‘no cluster, no assistance’ policy in farm sector
The Department of Agriculture (DA) yesterday announced it would be implementing a “no cluster, no assistance” policy in the farm sector beginning this year to encourage consolidation and scale up…
P2.4B already released by DBM to OCD for COVID-19 spending
The Department of Budget and Management (DBM) has already released P2.4 billion from this year’s calamity funds for COVID-19 expenses. Documents showed that the DBM issued special allotment release orders…
Jeweler Pandora pledges to phase out mined gold and silver by 2025
Pandora has committed to end its use of newly mined gold and silver by 2025. Image: Courtesy of Pandora via AFP Relaxnews The fashion and cosmetics sectors are not alone…
Group backs Open Access bill: Time to liberalize ICT industry
Internet advocates are urging lawmakers to move forward with a bill that will help spur the development of new information and communication technology (ICT) infrastructure that will pave the way…
Lockdown inflation in May seen settling at 2 percent
Inflation was likely to have further slowed down in May as many consumers limited purchases to essentials during an extended lockdown to prevent coronavirus transmission, according to most economists asked…
BSP advice as digital payments, and hackings, surge: Practice ‘cyber hygiene’
Digital payments made through two of the country’s largest electronic fund transfer infrastructures surged to a record high during the tightest period of the national lockdown imposed to prevent the…
First quarter investment pledges fall to 2-yr low of P29.4B
The number of foreign-led projects approved by the government’s seven investment promotion agencies (IPAs) fell by 36.2 percent to P29.4 billion in the first quarter of 2020, not helped by…