FDI net inflows hit $484M in June, down 3.9%

THE Philippines booked $484 million in foreign direct investment (FDI) net inflows in June this year, 3.9 percent lower than the $503 million booked...
Employers interview applicants during the Labor Day job fair in Marikina City. The Maharlika Investment Fund can generate a 0.07-percentage point economic growth annually in the first 10 years of operation and generate about 100,000 direct and indirect jobs, the Department of Finance said Friday, Sept. 8. PNA PHOTO BY JOEY O. RAZON

Maharlika Investment Fund to generate 100K jobs

THE Maharlika Investment Fund (MIF) can generate a 0.07-percentage point economic growth annually in the first 10 years of operation and generate about 100,000...
A staff member of a telecommunications firm helps a client register his subscriber identity module card at a stall at the Quezon City Hall. PNA PHOTO BY BEN BRIONES

Require ‘live selfie’ in SIM sign up, telcos told

CONCERNED agencies and telecommunications companies (telcos) should make "selfies" a requirement in the subscriber identity module (SIM) registration, according to Sen. Grace Poe. To prevent...
Representatives from the Department of Trade and Industry, Department of Social Welfare and Development, Department of Agriculture and the local government of San Juan distribute cash aids to rice retailers affected by Executive Order 39, or the rice price ceiling, at the Agora Market on Saturday, Sept. 9, 2023. MARIA TAN/ABS-CBN NEWS PHOTO

Rice retailers hope for 2nd tranche of aid should price cap last longer

A GROUP of rice retailers said the government might need to give a second tranche of financial aid should the price cap on rice...
Loleth So, president of Hotel Sales and Marketing Association of the Philippines

Hotels betting on Christmas for sales, hint at rate hike

THE hotel industry is betting on Filipinos' love for celebrating the holiday season to further boost its post-pandemic recovery, according to the Hotel Sales...
The Department of Finance proposes "the reduction of the 35 percent rice import tariff rates temporarily to 0 percent or maximum of 10 percent to arrest the surge in rice prices." VEEJAY VILLAFRANCA/BLOOMBERG PHOTO

DOF proposes temporary rice tariff cut, no toll hikes for agri-trucks

THE Department of Finance (DOF) is proposing several measures aimed at stabilizing the rising rice prices, a situation that compelled the government to implement...

Globe implements new policies to move supply chain towards sustainable practices 

Leading digital solutions platform Globe recently enhanced its policies for its supply chain, encouraging vendors and suppliers to operate responsibly and integrate more sustainable...
The Iloilo City Government’s offsite payment centers in malls make payment transactions convenient for clients. ILOILO CITY MAYOR’S OFFICE PHOTO

Improved economy, livability boost Iloilo City’s biz climate

ILOILO City – The improving economy and livability have enticed more investors to open businesses in this city. Data from the Business Permits and Licensing...
Motorists may expect a rollback in the prices of fuel products on Tuesday, Feb. 28. AJ PALCULLO/PN

Oil prices to increase for 10th week in a row

OIL prices are set to rise for the 10th straight week as major players continue supply cuts until the end of this year. Based on...

Ecozone investments up threefold in Jan-Sept

THE Philippine Economic Zone Authority (PEZA) said its approved investments during the past nine months have more than doubled compared to the same period...