PHILSTAR A WORLD BANK economist said the Philippines needs to move away from a policy of prioritizing specific crops while focusing on improving the resilience and sustainability of the agriculture sector. In a virtual briefing, Eli Weiss, the World Bank senior agriculture economist, said in a report that the Department of Agriculture (DA) should also […]
By Maria Jonas Yap Six months into the COVID-19 pandemic and the government is low on funds. This is an expected effect of almost standstill business operations given the rising positive cases and prolonged lockdowns. Despite aggressive tax audit efforts by the Bureau of Internal Revenue (BIR), the limited workforce and social distancing […]
LOS ANGELES LAKERS FORWARD LEBRON JAMES (23) dribbles the ball against Houston Rockets forward Ben McLemore (16) during the first half of game three in the second round of the 2020 NBA Playoffs at AdventHealth Arena. — REUTERS JIMMY Butler totaled 17 points, 10 rebounds and six assists, and the fifth-seeded Miami Heat used stingy […]
TOKYO OLYMPICS-BOUND POLE VAULTER EJ OBIENA topped the 59th Ostrava Golden Spike in the Czech Republic early Wednesday morning, Manila time. By Michael Angelo S. Murillo, Senior Reporter TOKYO Olympics-bound pole vaulter EJ Obiena had it golden at the 59th Ostrava Golden Spike in the Czech Republic, topping the competition early Wednesday morning, Manila time. […]
DENR’s Manila Bay ‘white sand’ project violates at least five laws — NGOs SEVERAL NONGOVERNMENT organizations (NGOs) claimed that the dumping of crushed dolomite or ‘white sand’ along the coast of Manila Bay by the Department of Environment and Natural Resources (DENR) violated at least five laws that affected fisheries, biodiversity, and marine habitats. In […]
The Philippine economy plunged into recession in the second quarter, as the lockdown halted economic activity. — PHILIPPINE STAR/MICHAEL VARCAS PHILIPPINE gross domestic product (GDP) is expected to shrink by 8% this year, the steepest projected decline among economies in Southeast Asia, according to Fitch Ratings. “Renewed lockdown measures in and around the capital of […]
The private sector is urging the government to streamline policies on mobility amid the pandemic. — PHILIPPINE STAR/MICHAEL VARCAS THE private sector is asking the government for a six-month plan detailing how the Philippines can bounce back from the devastating impact of the coronavirus disease 2019 (COVID-19). “To effectively combat this health crisis, the government […]
The Duterte administration is looking at introducing nuclear energy into the country’s power mix. — REUTERS THE Philippines is unlikely to have an operational nuclear power plant over the next decade despite the government’s move to revive the sector and increasing calls to shun the use of coal, according to Fitch Solutions Country Risk and […]
Only 20% of the 7.6 million Filipinos aged 60 years and above are covered by state-backed mandatory pensions, data from the Philippine Statistics Authority showed. — PHILIPPINE STAR/MICHAEL VARCAS THE government targets to have five million Filipinos with personal equity and retirement accounts (PERA) in the next five years, as it launched an online platform […]
THE Securities and Exchange Commission (SEC) has ordered the permanent shutdown of Fast Track Worldwide, Inc., which it found operating an unauthorized investment scheme. In an Aug. 20 resolution uploaded on its website, the corporate regulator has denied Fast Track’s motion to lift its cease-and-desist order, and has made such order permanent. The company was […]