The national government’s revenue performance is expected to exceed the P3.73 trillion target for this year, the inter-agency Development Budget Coordination Committee (DBCC) said. In a joint statement issued following a special meeting on Friday, the DBCC said the emerging total revenue collection for this year is estimated to reach P3.84 trillion to P3.90 trillion. “The National Government’s revenue performance …
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The five-day investment mission of Philippine Economic Zone Authority (PEZA) with the Philippine Trade and Investment Center-Taipei (PTIC) in Taiwan has secured P20.6 billion worth of investment leads for the country. PEZA said in a statement Friday these prospective projects came from five companies that attended the Philippine Investment Forum in Taiwan from Oct. 23 to 27. Two of the …
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San Miguel Corporation’s infrastructure unit is gearing up for possible heavy traffic buildup along its major expressways starting October 27, Friday evening through the extended weekend, in anticipation of the mass exodus of Filipinos to provinces for the upcoming Barangay and Sangguniang Kabataan Elections, and the “Undas” holidays. SMC Infrastructure advised motorists to plan their trips ahead of the upcoming …
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The Department of Information and Communications Technology (DICT) gained the commitment of the biggest social media platforms – Google, YouTube, TikTok, and Meta – in its intensified cybersecurity efforts as online scams and other cybercrimes tripled from January to June 2023. As DICT nears the home stretch of Cybersecurity Month 2023, Sec. Ivan John E. Uy highlighted what is perhaps …
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The Department of Foreign Affairs (DFA) summoned the Chinese ambassador on Monday morning after the “illegal, dangerous, provocative and deplorable” actions of the Chinese Coast Guard near Ayungin Shoal on Oct. 22. Chinese Ambassador Huang Xilian was apparently out of town and was instead represented by his deputy chief of mission (DCM). DFA spokesperson Ma. Teresita Daza said the matter …
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Filipino exporters are advised to comply with certification requirements for their food products to obtain access to a wider consumer base in the United Arab Emirates and other countries in the Middle East. “It’s not only halal industry but there are also other certifications and product certifications that you could go for. And there are a lot of opportunities in …
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The Toll Regulatory Board (TRB) has provisionally approved new toll fees for the Subic-Clark-Tarlac Expressway (SCTEX) beginning tomorrow, October 17. In a statement Friday, the TRB said the provisionally approved toll fees had undergone “thorough and meticulous review”. “NLEX Corp. had to comply with all the procedures and requirements, including the publication and posting of surety bond, before the Notice …
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Finance Secretary Benjamin E. Diokno called for reforms and increased concessionality in the financing models of multilateral development banks (MDBs) to address ongoing global challenges during the Intergovernmental Group of Twenty-Four (G-24) Ministerial Meeting on October 10, 2023. The G-24 Meeting kicked off the Philippine delegation’s engagements during the 2023 Annual Meetings of the World Bank and International Monetary Fund …
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The National Privacy Commission (NPC) launched Friday the “Na-leak ba ang PhilHealth Data ko?”, a simplified database search portal that allows members to verify the status of their personal information. The portal, philhealthleak.privacy.gov.ph, exclusively focuses on the PhilHealth incident and does not encompass data breaches from other incidents, the NPC said. It was created following the recent cyberattack incident involving …
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The Market Monitor Minding the Nation's Business