PHILSTAR THE Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID) has accepted the recommendation of the economic team to open up public transportation further to help the economy recover, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said. “We proposed to the IATF recently is to shift from a policy of total risk-aversion to risk […]
PHILSTAR THE two major revenue-collecting agencies surpassed their reduced targets for the eight months to August with business activity picking up, though they both remain behind the year-earlier pace because of the damage to the economy caused by the pandemic. According to preliminary data, the Bureau of Internal Revenue (BIR) and the Bureau of Customs […]
PHILSTAR THE exploration unit of state-run Philippine National Oil Co. (PNOC) is seeking to expand its coal development works in Mindanao via the government’s contracting program. In July, PNOC-Exploration Corp. (PNOC-EC) announced its intention to accelerate investment in coal production to become the leading exploration firm in the Philippines over the next decade. The company […]
REUTERS THE government has launched a guide for foreign investors interested in Liquefied Natural Gas (LNG) projects which was developed with US assistance. In a recent webinar, the Department of Energy (DoE) presented its guide, supported by the US State Department’s Asia-Enhancing Development and Growth Through Energy program. The DoE hopes to attract more public-private […]
LEGISLATORS said they are considering increasing the funding for the Trade department’s loan fund to aid in the recovery of small businesses affected by the lockdown from its current proposed level of P1.5 billion. “Definitely we will clamor for a bigger budget for SB Corp. so we can jumpstart these MSMEs,” Bukidnon-3rd District Representative Manuel […]
Customers receive money sent from abroad at a money remittance center in Makati City, Sept. 19. — REUTERS THE PHILIPPINES and Bangladesh are the most exposed to a decline in remittances during the pandemic, in terms of number of households dependent on the inflows, a dependency which has increased due to the weak labor market, […]
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. […]