The business permit of this controversial resort has been canceled after it drew backlash and concern from netizens over its proximity to the iconic Chocolate Hills. PHOTO COURTESY OF ABS-CBN NEWS

Tourism chief meets with Bohol guv over viral resort in Chocolate Hills

DEPARTMENT of Tourism secretary Christina Garcia Frasco met with Bohol governor Erico Aristotle Aumentado over the controversial construction of Captain’s Peak Resort at the...
Despite the current increase in fish prices, the Department of Agriculture says there is no need to impose a price ceiling. AJ PALCULLO/PN

Fish prices up this Holy Week

FISH products saw price increases as demand rose ahead of Holy Week. Catholics abstain from eating meat as a form of penance on Ash Wednesday...
The Philippines' economic performance this year, driven by the improvements in domestic economy, employment and prices. ABS-CBN NEWS PHOTO

PH has 6% potential growth rate – NEDA chief

THE Philippine economy has a potential growth rate of 6 percent this year and in the medium term, according to National Economic and Development...
Loans extended by pawnshops rise especially during the pandemic since the industry serves as an immediate source of funds for borrowers. The Bangko Sentral ng Pilipinas said pawnshop loans rose by P4 billion in 2021. BSP PHOTO

Banks told to ensure PESONet, InstaPay working during Holy Week break

THE Bangko Sentral ng Pilipinas (BSP) reminded banks and its supervised financial institutions to ensure the availability of PESONet and InstaPay customer services during...
The Bank of America expects the Bangko Sentral ng Pilipinas to cut policy rates starting in second quarter, by a total of 100 basis points, in 2024, driven by falling inflation. PHOTO COURTESY OF INQUIRER.NET

BSP tipped to slash policy rates by 100 bps this year

THE Bangko Sentral ng Pilipinas (BSP) is likely to move in lockstep with the US Federal Reserve, even if the latter delays monetary easing,...
Finance Secretary Ralph Recto floated the idea of selling the land housing the Ninoy Aquino International Airport complex, which could yield the government about P6 trillion. DEPARTMENT OF FINANCE PHOTO

Recto suggests converting NAIA into next BGC

FINANCE Secretary Ralph Recto has raised the possibility of converting the 600-hectare Ninoy Aquino International Airport (NAIA) complex into a business district once the...
The Apl.de.Ap Foundation International, in partnership with Arizona-based firm Legacy EV, is eyeing to develop the first electric mobility education and development center in the Philippines. PHOTO COURTESY OF GMA INTEGRATED NEWS

Apl.de.Ap Foundation to develop electric mobility education center in PH – PEZA

FILIPINO-AMERICAN rapper and singer Apl.de.Ap's non-profit organization is eyeing to develop an electric mobility education center in the Philippines. According to the Philippine Economic Zone...
Photo courtesy of Vishnu Mohanan/ Unsplash

PH chips industry eyes wafer fabrication

THE Philippine semiconductor industry is looking to venture into wafer fabrication as its regional neighbors also try to upgrade their capacity, an industry group...
Prices of diesel are expected to increase by P1.45 to P1.75 per liter next week. AJ PALCULLO/PN

Big-time fuel price hike expected this Holy Week

MOTORISTS should brace for higher pump prices in time for the Holy Week. Citing estimates based on international petroleum trading in the past four days,...
From the current P65, the weekly special 5-percent discount for senior citizens and persons with disabilities will go up to P125 starting next week, based on a joint administrative order signed by the trade, agriculture, and energy departments. INQUIRER FILE PHOTO

Seniors, PWDs get higher goods discount next week

THE revised rules on the 5-percent special discount on basic goods and prime commodities for senior citizens and persons with disabilities (PWDs) were signed...