The Department of Trade and Industry (DTI) targets to publish today the new joint administrative order (JAO) on higher discount on basic necessities and prime commodities (BNPCs) for senior citizens and persons with disabilities (PWDs). In a press conference in Makati City Thursday, DTI Assistant Secretary for Consumer Protection Group Amanda Nograles said the higher discount rate will be effective …
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Giant technology company, Google Philippines, lauded last week the robust and “amazing growth” of the Philippine economy under the administration of President Ferdinand R. Marcos Jr. “Our reports reflect a lot of what you mentioned about the growth potential and the amazing growth that we’ve seen in the Philippines,” Google Philippines Country Manager Jackie Wang said. Wang made the remarks …
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President Ferdinand R. Marcos Jr. underscored the importance of separating politics and the economy in order to continue the economic growth and maintain the political stability in the Philippines. In his fireside interview during the World Economic Forum (WEF) at the Malacañan Palace last week, President Marcos said the only way to response to geopolitical issue is to separate politics …
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The Department of Agriculture (DA) assured Friday that the National Food Authority (NFA) shall provide all information needed for the investigation of the alleged improper sale of rice buffer stock. The DA made the remark following a report that an unnamed NFA official allegedly intended to withhold documents amid the investigation of the Office of the Ombudsman. “Nag-utos na rin …
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The United States government, through the U.S. Agency for International Development (USAID), and the Philippines’ Department of Health (DOH), announced P1.15 billion ($21 million) in additional funding to combat the persistent threat of tuberculosis (TB) in the Philippines. With more than 737,000 estimated new TB cases in 2022, the Philippines has one of the highest burdens of TB in …
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Finance Secretary Ralph G. Recto called upon economic journalists to uphold the principle of fairness in their reporting of economic and fiscal affairs, recognizing their key role in shaping public understanding and better policymaking. “Call us out if we are wrong, and on times we have done something good, write about our wins––just the facts, no add-on praises needed. Because …
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By Rose de la Cruz Has tycoon Ramon S. Ang of multi-diversified San Miguel Corp. finally decided to scrap or drop the P100-billion Pasig River tollway project, or as he clarified in a business paper, he is just contemplating and weighing the public sentiment against the cost-benefit of pursuing the project? This remains the biggest question todate, but already there …
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By Rose de la Cruz Filipinos do not figure in the top and bottom World Happiest Index of Gallup for 2024 but we did land on 2nd in the Association of Southeast Asian Nations, next only to Singaporeans. For the seventh consecutive year, Finland topped the 2024 World Happiness Report of Gallup, the UN, and the University of Oxford. The …
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By Rose de la Cruz The Electric Vehicle Association of the Philippines (EVAP) – a legitimate industry group just like the car manufacturers – is pushing for tax breaks to e-motorcycles to help create a local e-vehicle manufacturing in the country. Needless to say that e-motorcycles and other electric transport systems are mostly imported. The government just recently granted tax …
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Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco on Monday, March 18, led the inauguration of two newly completed multi-purpose centers in the towns of San Manuel and Victoria in the province of Tarlac. Mr. Tengco said the state gaming agency provided a total of Php100 million for both of the two-story projects. “Naglaan ang PAGCOR …
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The Market Monitor Minding the Nation's Business