Weak cement demand seen to persist this year
CEMENT manufacturers are no longer expecting demand growth this year, as slower government infrastructure spending continues to weigh on construction activity.
Nearly a year after...
Digital bank deposits top P150B
THE COUNTRY'S six digital banks amassed over P150 billion in deposits as of the first quarter, with funding growth continuing to outstrip that of...
Bobcat’s “The Legend Evolved” Brand Day Draws Strong Industry Response in Alabang
ALABANG, PHILIPPINES — May 20, 2024 — Civic Merchandising Inc., the exclusive distributor of Bobcat equipment in the Philippines, successfully concluded the Bobcat Brand...
Pag-IBIG Fund raises housing loan limit to ₱10M to serve more Filipino workers
To further widen the reach of President Ferdinand R. Marcos Jr.’s flagship Expanded Pambansang Pabahay para sa Pilipino, or Expanded 4PH Program, and help...
PH economy faces triple threat, MUFG ranks country among most exposed to El Niño,...
THE PHILIPPINES is among the Asian economies most exposed to the combined risks of a potential “super” El Niño, high US interest rates and...
Jackpot prize from casinos, gambling subject to withholding tax – BIR
THE BUREAU of Internal Revenue (BIR) said jackpot prizes derived from casino and other gambling activities, when falling within the scope of existing tax...
ERC signals possible extension of GEA-All suspension
THE ENERGY Regulatory Commission (ERC) will recommend extending the suspension of the collection of the Green Energy Auction Allowance (GEA-All) beyond June if sufficient...
DOE to conduct energy exploration surveys
THE DEPARTMENT of Energy (DOE) is planning to conduct geological surveys aimed at gathering data on the country’s oil and gas resources to entice...
ERC pushes policy tweaks to boost grid reserves during demand peaks
THE ENERGY Regulatory Commission (ERC) is studying possible changes to the country’s power grid reserve requirements, noting that recurring yellow and red alerts in...
Agri group calls for repeal of higher minimum access volume for pork
THE SAMAHANG Industriya ng Agrikultura (SINAG) called for the repeal of President Ferdinand Marcos Jr.’s directive that raised the minimum access volume (MAV) for...