More than P24 million worth of illegal vape products were confiscated by the Department of Trade and Industry and Philippine National Police-Southern Police District in ParaƱaque City in April 2024. HANDOUT/DTI-FTEB

P25-M worth of illegal vapes seized in 5 months – DTI

THE government has confiscated more than P25 million worth of illegal vape products in the first five months of the year, the Department of...
The Department of Agriculture temporarily banned the entry of live cattle and its by-products from the United Kingdom to prevent the spread of mad cow disease. FOODMANUFACTURE.CO.UK PHOTO

DA imposes ban on live cattle, meat products from UK

THE Department of Agriculture (DA) ordered a temporary ban on the entry of live cattle and meat products from the United Kingdom following a...

Bank lending up, domestic liquidity slows in April

BANK lending of universal and commercial banks (U/KBs) grew at a faster pace in April this year while domestic liquidity growth slowed, data from...
Department of Transportation Secretary Jaime Bautista says they are looking to review the incentives given to ship owners who will invest in new ships. DOTR PHOTO

DOTr eyes incentives for ship owners to invest in new fleet

THE Department of Transportation (DOTr) said it is eyeing incentives for ship owners who would invest in newer vessels and fleets to upgrade the...
Around 38,304 jobs are expected to be generated from the 56 applications approved by the Fiscal Incentives Review Board under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act from April 2021 to April 2024. Photo shows jobseekers at a job fair in SM City Davao. PNA PHOTO BY ROBINSON NIƑAL JR

CREATE law attracts P1.1-T investments

BIG-TICKET investments approved under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act has already reached more than P1 trillion as of April...
A food attendant sells a variety of halal food, including biryani for P140 per order, in Malate, Manila in this 2023 photo. Biryani is a mixed rice dish with chicken, beef, or fish, vegetables, and spices. PNA FILE PHOTO BY YANCY LIM

PH retains ā€˜emerging Muslim-friendly destination’ title

THE Philippines retained its title as an emerging Muslim-friendly destination for the second straight year, according to the latest citations released by Mastercard-CrescentRating Global...
The Department of Agriculture Agribusiness and Marketing Assistance Service, led by Undersecretary Deogracias Victor Savellano (center), inspects various meat products at a supermarket in MuƱoz, Quezon City on May 28, 2024. The inspection was conducted to inform the public that there is sufficient, safe and affordable supply of meat products in the market. MARIA TAN/ABS-CBN NEWS PHOTO

Inflation may reach between 3.7%-4.5% in May – BSP

INFLATION may settle somewhere between 3.7 and 4.5 percent in May, the Bangko Sentral ng Pilipinas (BSP) said Friday, May 31. The BSP said higher...
The Philippine manufacturing output fell into a contraction in October, as the economic fallout from the COVID-19 persisted to cause business closures and drag client demand, results of the monthly survey conducted by IHS Markit showed. GMA NEWS PHOTO

Producer price index continues to decline in April

THE producer price index (PPI) for manufacturing continued to decline in April this year, but at a slower pace than the recorded decline in...
The Department of Information and Communications Technology emphasized the need for the Philippines to maximize artificial intelligence (AI). The AI economy is expected to grow as much as $15 trillion in the next 10 years by 2030. CIOSEA.ECONOMICTIMES.INDIATIMES.COM PHOTO

PH seen making P2.8 trillion in economic gains with AI solutions

PHILIPPINE businesses could reap P2.8 trillion or about $50.7 billion in economic benefits in 2030 by using artificial intelligence (AI)-powered products and solutions, according...
The first Jollibee Group Multi-Brand Store conversion with the innovative format of Jollibee, Mang Inasal, Greenwich, and Chowking combined in a single kitchen opened at CityMall-Calamba, Laguna on Friday, May 31.

CityMall-Calamba opens first Jollibee Group Multi-Brand Store conversion

DOUBLEDRAGON'S CityMall-Calamba, Laguna welcomed the opening of the first Jollibee Group Multi-Brand Store conversion with the innovative format of Jollibee, Mang Inasal, Greenwich, and...