The National Economic and Development Authority (NEDA) maintains its resolve to address high inflation and sustain the country’s rapid recovery in the year ahead amid challenges in domestic and global markets. On February 28, 2023, the Development Budget Coordination Committee (DBCC) briefed the House Committee on Appropriations on the country’s current macroeconomic situation and growth prospects in light of …
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March, 2023
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6 March
DTI flexes triumphs in law enforcement for 2022
The Department of Trade and Industry – Fair Trade Enforcement Bureau (DTI-FTEB) outlines its 2022 initiative upturns as the implementing arm mandated to regulate businesses; handle complaints and provide redress; conduct market surveillance to determine price and supply availability; and enforce trade and industry laws including compliance to standards. Last year, the DTI-FTEB issued a total of 40,855 licenses, permits, …
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2 March
Phl concludes Asian lawn bowls campaign with 5-medal harvest
The Philippines captured three gold and two bronze medals in the 14th Asian Lawn Bowls Championships which ended on Feb. 26 at the Perak Lawn Bowls Arena in Ipoh, Malaysia. The Filipinos won 3 golds courtesy of Rodel Labayo and Elmer Abayato (men’s pairs), Ronald Lising, Leoncio Carreon Jr. and Hommer Mercado (men’s triples) and Marissa Baronda and Rosita Bradborn …
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2 March
Russia gets green light to join Asian Chess Federation
The General Assembly of the Asian Chess Federation (ACF) on Tuesday granted the membership bid of the Russian Chess Federation (RCF). A total of 29 delegates voted in favor of admitting the RCF, one against, and six abstained during the voting held in Abu Dhabi. RCF executive director Mark Glukhovsky told TASS that the move to join the ACF will …
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2 March
Top ML players to be feted in MPL PH Press Corps inaugural awards night
The top Mobile Legends players who left a mark and made the headlines in another historic year for the MPL Philippines (MPL PH) are set to be feted in the inaugural MPL PH Press Corps Awards night set on March 8 at the Amelie Hotel in Manila. Powered by SMART, the scribes regularly covering the MPL PH games during the …
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2 March
BCDA to anchor Central Luzon development on New Clark City potentials
The Bases Conversion and Development Authority (BCDA) is seeking to harness the potential of the New Clark City into a smart, sustainable and inclusive one that could help in accelerating growth in Central Luzon. This is anchored on the economic agenda and the Build Better More program of the Marcos administration. BCDA president and chief executive officer Aileen R. Zosa …
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2 March
BSP sees February inflation hitting at 8.5%-9.3% range
The Bangko Sentral ng Pilipinas (BSP) forecasts February 2023 inflation rate at range of 8.5 to 9.3 percent, citing the upside risks from higher prices of cooking gas. In a statement on Tuesday, the central bank said elevated prices of key food items, such as pork, fish, egg and sugar, are also expected the additional drivers of the rate of …
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2 March
Google to roll out new feature for Android phones by late 2023
Google has announced several new features for Android at this week’s Mobile World Congress (MWC) in Barcelona. While some of the features have already rolled out to users, Google has also promised to bring eSIM transfer support to Android later this year. This will make it easy for users to transfer their mobile plan to a new device. Built on …
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1 March
TIEZA launches Online Travel Tax Services System (OTTSS) with 90,000 payment channels in partnership with MYEG Philippines
The Tourism Infrastructure and Enterprise Zone Authority (TIEZA), in partnership with MyEG PHILIPPINES, INC. (MyEG PH), officially launches today the Online Travel Tax Services System (OTTSS), providing traveling citizens with more than 90,000 options to pay for their travel tax nationwide. This comes after TIEZA’s Chief Operating Officer, Mark Lapid signed the Memorandum of Agreement (MOA) with MyEG PH Chief Executive Officer, Ann …
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1 March
Hapag Movement raises P13.5M in donations to fight involuntary hunger, Globe reiterates call for support
Globe’s Hapag Movement has raised over P13.5 million worth of donations to combat involuntary hunger in the country since its launch in 2022, as the digital solutions platform urged customers anew to support the advocacy as millions of Filipino families still struggle to afford proper meals. Contributions to the cause accelerated during Globe’s on-ground events including the annual 917 GDay …
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The Market Monitor Minding the Nation's Business