Cebu Pacific hopes that the expected lower airfares in May will motivate passengers to push through with their travel plans for the summer. KALIBO INTERNATIONAL AIRPORT PHOTO

Fuel surcharges for May flights lowered

TRAVELERS may expect lower airfares as the Civil Aeronautics Board (CAB) downgraded the fuel surcharge level for May. The CAB announced that the passenger and...

Not all MSMEs exempted from minimum wage – DOLE

THE Department of Labor and Employment (DOLE) in Negros Oriental said not all micro, small and medium enterprises (MSMEs) are exempted from the implementation...
Department of Trade and Industry undersecretary Ceferino Rodolfo said the Philippines surpassed the inward foreign direct investments of Malaysia and Thailand in 2021. industry.gov.ph photo

PH eyes to surpass inward FDIs of ASEAN neighbors

THE Department of Trade and Industry (DTI) targets to exceed foreign direct investment (FDI) inflows of neighboring Association of Southeast Asian Nations (ASEAN) countries...
The economic reopening and the new jobs generated by the business process outsourcing gave office demand a boost in the first quarter of 2023. ABS-CBN NEWS PHOTO

PH office demand shows resilience despite headwinds

THE Philippine office demand hit new highs in the first quarter of 2023, which could boost growth to exceed pre-pandemic levels for the entire...
Sen. Risa Hontiveros raised concerns about the potential risks and benefits the proposed merger of the Development Bank of the Philippines and the Land Bank of the Philippines may bring to the economy. SENATE.GOV.PH PHOTO

Senator seeks inquiry into proposed LandBank-DBP merger

SENATE Deputy Minority Leader Risa Hontiveros filed a resolution seeking an inquiry into the proposed merger of the Development Bank of the Philippines (DBP)...
Report said each consumer in the Philippines wastes at least two tablespoons of rice a day and the wastage can feed over two million annually. PHOTO COURTESY OF RAPPLER

DA eyes 100% rice self-sufficiency by 2027

THE Philippines is seeking to be 100 percent rice self-sufficient a year before the Marcos administration ends its term, the Department of Agriculture (DA)...
Angelo Salvador Benedictos, director of the Department of Trade and Industry’s Bureau of International Trade Relations, said the Philippines is waiting for the renewal of its eligibility in the US GSP program in an event in Pasay City on April 18. JESSICA FENOL/ABS-CBN NEWS PHOTO

PH eyes free trade deal with US

THE Philippines is eyeing a free trade deal with the United States while waiting for the renewal of its eligibility to the US GSP...

Plan to import 330K MT of rice scrapped – DA

THE National Food Authority’s (NFA's) proposal to import 330,000 metric tons (MT) of rice to replenish its buffer stock has been dropped as the...
RUBIO

P19.22B worth of smuggled goods seized in Q1 – Customs

THE Bureau of Customs (BOC) yesterday said it seized P19.22 billion worth of smuggled goods in the first quarter of this year. Among the top...
Federation of Philippine Industries chair Jesus Arranza said the policy of allowing zero value-added tax and duty-free importations of palm olein is hurting the local coconut and palm oil farmers and producers.

PBBM asked to review tax-free importation of palm oil

THE Federation of Philippine Industries (FPI) urged President Ferdinand R. Marcos Jr., who is also the Department of Agriculture (DA) secretary, to revisit the...