Residents of Barangay Oracon Sur, Nueva Valencia, Guimaras received their electronic Philippine IDs on June 16, 2023.

PSA Guimaras releases over 40K nat’l IDs in 2023

Business Panay News -
THE Philippine Statistics Authority (PSA)-Guimaras Provincial Statistical Office issued 40,450 printable or digital version of the electronic Philippine IDs (ePhilIDs) in 2023. “Surpassing the annual...
Well-milled rice prices are seen to go down to P44 to P46 a kilo following the price drop abroad. AJ PALCULLO/PN

DA sees rice prices going down to P44-P46 a kilo

Business Panay News -
THE price of well-milled rice is expected to go down to P44 to P46 a kilo in the coming weeks following the decrease of...
A group advocating the use of electric vehicles (EVs) has called on National Economic and Development Authority to recommend the inclusion of electric motorcycles in an executive order that grants lower tariff rates for EVs. PHOTO COURTESY OF GMA INTEGRATED NEWS

EO on lower tariffs for e-vehicles up for mandatory review

Business Panay News -
THE executive order (EO) granting lower tariff rates for electric vehicles, parts, and components is now under mandatory review following a year of implementation. Under...
The Bangko Sentral ng Pilipinas says about 92 percent of consumers think that in the next 12 months, inflation will be above 4 percent. PHOTO COURTESY OF ABS-CBN NEWS

Philippines posts $740 million deficit in January

Business Panay News -
THE Philippines booked a balance of payments (BOP) deficit of $740 million in January 2024, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday,...
The European Union (EU) recognized Manila’s cooperation and commitment to improve the system for training and certification and decided to allow Filipino seafarers to continue working in EU-flagged ships, for the time being. FILIPINOTIMES.NET PHOTO

Demand for Filipino seafarers still rising

Business Panay News -
SEAFARERS remain in demand, despite challenges globally including the pandemic in 2020 and recent attacks in the Red Sea, brought about by the conflict...
The Philippines targets to have the second highest foreign direct investment (FDI) in Southeast Asia by 2028 as it surpasses the net FDI inflows of Malaysia and Thailand from January to September 2023. PNA FILE PHOTO BY JESS M. ESCAROS JR.

Investment promotion agencies get higher capital threshold

Business Panay News -
THE Fiscal Incentives Review Board (FIRB) has hiked the investment capital threshold for projects handled by investment promotion agencies (IPAs) from P1 billion to...
The Mactan Economic Zone II in Mactan, Cebu is one of the locations of the Philippine Economic Zone Authority-approved projects. ABOITIZLAND.COM PHOTO

PEZA OKs P12B investments in Jan.- Feb.

Business Panay News -
THE Philippine Economic Zone Authority (PEZA) has approved over P12 billion worth of investment commitments during the first two months of 2024. PEZA said it...
Adoption of digital technology can improve the efficiency and transparency of government services. PHOTO COURTESY OF ABS-CBN NEWS

ADB allots $655,000 for PH rural banks’ digitalization

Business Panay News -
THE Asian Development Bank (ADB) on Monday, Feb. 19, said it is giving a total of $655,000 (around P36.7 million) in grants to nine...
Department of Labor and Employment secretary Bienvenido Laguesma. DOLE PHOTO

DOLE warns of price hikes amid possible P100 minimum wage hike

Business Panay News -
THE Department of Labor and Employment (DOLE) yesterday warned of possible increase in the prices of basic goods and services amid the possible P100...
The United States government prohibits the importation of shrimp caught using commercial fishing technology that adversely affects turtles. PNA PHOTO BY BEN BRIONES

Lifting of US ban on shrimp exports sought

Business Panay News -
THE government has begun efforts to convince the United States to lift its temporary ban on the importation of shrimp products from the Philippines. Bianca...
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