Department of Agriculture data showed that out of the 3.9 million hectares of rice farms nationwide, only 1.2 million hectares are irrigated. The bigger 2.7 million hectares depend on rain and the farmers can only plant once a year. Photo from Manny Piñol’s FB page

NEDA awaits DA’s submission for proposed solar irrigation

MANILA - The National Economic and Development Authority (NEDA) on Wednesday said it is still waiting for the Department of Agriculture (DA) to submit its proposal...

Four tax reform bills expected to be passed this year – DOF official

MANILA - The Department of Finance expects the Congress to pass four tax reform bills this year, a department official said during a media roundtable on...
Socioeconomic Planning secretary Ernesto Pernia had earlier said reforms to these laws could boost the country's foreign direct investments by as much as $40 billion a year. AP

PH’s capacity for innovation on the rise

MANILA - The Philippines is steadily becoming more innovative as it faces the onslaught of domestic and global headwinds. In the latest Global Innovation Index (GII) report,...
Socioeconomic Planning Secretary Ernesto Pernia said that there is a need to adjust some provisions of the Security of Tenure (SOT) bill to benefit both employers and workers. FILIPINOTIMES.NET

Security of Tenure bill should be fair to employers, workers

MANILA - The National Economic and Development Authority (NEDA) is pushing for revisions in the bill prohibiting labor contracting, noting the importance of investments in generating...
The World Bank’s classification of upper middle-income economies are those with a gross national income (GNI) per capita of USD3,996 to USD12,375. The Philippine GNI per capita reached USD3,830 in 2018. SHUTTERSTOCK.COM

PH to be upper middle income country by 2020

MANILA – Socioeconomic Planning secretary Ernesto Pernia said on Wednesday that the Philippines will likely advance to an upper middle-income status in 2020 despite slower economic expansion...
ANOTHER FIRST IN WESTERN VISAYAS. Property giant Megaworld launched yesterday the 19-storey International Corporate Plaza set to rise at the Iloilo Business Park. It is envisioned to be the tallest, facilities-packed, state-of-the-art and “green” office development in Western Visayas.

Green and state-of-the-art office tower to rise in Iloilo Business Park

By Isa Gilay ILOILO City – Property giant Megaworld launched in a press briefing yesterday, July 24, a new modern office tower equipped with enhanced...
CEED (Center for Energy, Ecology and Development) urges Duterte administration to revoke Executive Order 30, cancel all pending coal-fired power plants, and subject all existing coal-fired plants to review. Getty Images

Think tank urges Duterte to revoke EO30, reduce PH coal dependence

MANILA - Following President Rodrigo Duterte’s remarks on reducing coal dependence, energy think tank Center for Energy, Ecology and Development (CEED) on Tuesday called on the...
PAGCOR (the Philippine Amusement and Gaming Corporation) said that the report of P2.11 billion losses by COA (Commission on Audit) was not accurate since it included the revenue deficits of CF Pavilion, which ceased operations last March 2018.

PAGCOR: COA report on P2.1B losses not accurate

MANILA - The Philippine Amusement and Gaming Corp. (PAGCOR) on Tuesday said the the Commission on Audit’s (COA) report about the Casino Filipino (CF) Manila Bay...
The improvements in telco (telecommunications) services will stem from a high-speed internet infrastructure to be built in partnership with Facebook and Dito Telecommunity Corporation (Dito). ABS-CBN NEWS

Rio: ‘Very big’ improvement in telco services by 2020

MANILA - The Department of Information and Communications Technology (DICT) Undersecretary Eliseo Rio Jr. said that next year, Filipinos will feel a big improvement in telecommunications...
From left: FPI chairman Jesus Arranza, PhilExport president Sergio Ortiz-Luis, Jr., PCCI chairman emeritus Francis Chua. PNA

Biz leaders approve of thrust to cut red tape, corruption

MANILA - President Rodrigo Duterte’s policy of cracking the whip on slow-moving bureaucrats seems to have hit a sweet spot with the business community’s movers and...