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2361 articles from BusinessWorld
PRESIDENT Ferdinand R. Marcos, Jr. has asked Congress to suspend the implementation of the Real Property Valuation and Assessment Reform Act (RPVARA), Malacañang said on Thursday. Palace Press Officer Clarissa A. Castro told reporters via Viber that the proposed suspension of Republic Act No. 12001, which was discussed during the fourth Legislative-Executive Development Advisory Council […]
Read more →THE Department of Transportation (DoTr) on Thursday said the jeepney fare hike approved in March would remain suspended despite rising fuel prices. Acting Transportation Secretary Giovanni Z. Lopez said the government is instead providing relief through a fuel discount of P12 per liter for public utility jeepneys and UV Express vehicles starting Aug. 15, which […]
Read more →THE Department of Information and Communications Technology (DICT) is seeking a budget of P18 billion for 2027 to expand digital services and connectivity programs, including e-government infrastructure, cybersecurity and artificial intelligence. The agency has proposed P2.7 billion for e-government programs covering cloud hosting, cybersecurity and system integration for the eGov app. DICT said integrating government […]
Read more →A PARTY-LIST lawmaker has filed another bill that seeks to remove system loss charges from electricity bills and require distribution utilities to absorb the costs. House Bill No. 10585, filed by Party-list Rep. Jose Manuel Tadeo “Chel” I. Diokno and three other lawmakers, seeks to amend the Electric Power Industry Reform Act and boost accountability […]
Read more →HEALTH Secretary Jose Brittanio “Brix” S. Pujalte, Jr. denied allegations that he deliberately delayed the P3-billion procurement of anti-tuberculosis drugs and said he would cooperate with an Ombudsman investigation. Mr. Pujalte said the procurement requires careful review to verify the quantity, quality and safety of medicines and ensure compliance with government rules. An 18-page complaint […]
Read more →REPUBLIC ACT No. 12322 has lapsed into law, giving the Department of Education (DepEd) greater authority to determine teaching methods aimed at ensuring students master lessons before advancing to the next grade. Approved on Aug. 2, the measure amends the Enhanced Basic Education Act of 2013 and removes some rigid prescriptions on curriculum development. Under […]
Read more →THE Department of Education (DepEd) launched ARAL TutorKo, a web-based platform designed to streamline tutor recruitment and management under its Academic Recovery and Accessible Learning Program. Developed with Thames International, Inc. and LearnTalk Ltd., the platform provides tools for tutor applications, onboarding, deployment, lesson management, learner grouping, attendance and session tracking. DepEd targets 440,000 tutors […]
Read more →PLANS for the proposed Pax Silica innovation ecosystem in New Clark City are advancing through consultations between the Bases Conversion and Development Authority (BCDA) and the Capas, Tarlac local government, Malacañang said on Thursday. The BCDA outlined plans for the proposed hub to attract advanced industries and high-value investments while creating jobs and opportunities for […]
Read more →THE MAIN INDEX extended its decline on Thursday as investors preferred to take a cautious stance before the release of the latest Philippine gross domestic product (GDP) data. The Philippine Stock Exchange index (PSEi) slipped by 0.13% or 8.36 points to close at 6,277.95. Meanwhile, the broader all shares index edged up by 0.02% or […]
Read more →THE Bases Conversion and Development Authority (BCDA) said it will address concerns raised over the Philippines’ participation in the Washington-led Pax Silica initiative. “We assure that we will address all the concerns of all stakeholders,” BCDA President and Chief Executive Officer Joshua M. Bingcang told reporters on the sidelines of an event on Thursday. “It’s […]
Read more →THE Energy Regulatory Commission (ERC) said it is preparing the pricing scheme for the government’s planned auction this year dedicated to gas-fired power plants. In a draft resolution, the ERC said it is seeking to establish a gas price benchmarking technology that will outline limitations and price caps on allowable pass-through charges to consumers. These […]
Read more →CONGRESS should use its deliberations on the proposed P7.2-trillion national budget for 2027 to prioritize reforms that strengthen manufacturing and support investments in infrastructure, energy security, digital transformation, education and workforce development, analysts said. The Department of Budget and Management (DBM) is scheduled to turn over the proposed budget to Congress by Aug. 14. Under […]
Read more →FACTORY OUTPUT growth accelerated to 10.1% in June, driven by stronger production of refined petroleum, food products and transport equipment, the Philippine Statistics Authority (PSA) said. However, analysts said sustaining double-digit growth might be difficult amid weaker global demand, higher US tariffs, geopolitical tensions, foreign exchange rate volatility, and elevated input and energy costs. Citing […]
Read more →THE retail industry is expected to grow by the single digits this year as companies stay “cautiously optimistic” despite global headwinds, the Philippine Retailers Association (PRA) said. “As an industry, (we expect) probably single-digit growth,” PRA President Alice T. Liu told reporters on the sidelines of the 32nd National Retail Conference and Expo on Thursday. […]
Read more →ELECTRICITY PRICES on the spot market fell in July as demand softened against ample supply, according to the Independent Electricity Market Operator of the Philippines (IEMOP). IEMOP said the average power rate on the Wholesale Electricity Spot Market (WESM) dropped 13.1% month on month to P8.31 per kilowatt-hour (kWh). IEMOP manages the WESM, where power […]
Read more →THE Swiss Chamber of Commerce of the Philippines said it is exploring opportunities to export more Philippine-made products to Switzerland. “I think there’s far more exports from Switzerland to the Philippines than from the Philippines to Switzerland,” SwissCham Philippines Chairman Felix Fiechter told reporters on the sidelines of an event earlier this week. “The Chamber […]
Read more →The sixth installment of GCash Stories gathered key media partners, content creators, and corporate stakeholders at the Maybank Performing Arts Theater in Bonifacio Global City, Taguig showcasing how digital finance products like GLoan are transforming lives across the country. Organized by GCash and Fuse Financing, the event highlighted how perseverance, responsible borrowing, and accessible financial […]
Read more →The Institute of Integrated Electrical Engineers of the Philippines (IIEE) has called for engineering-based reforms on system loss charges, saying the ongoing review of the Electric Power Industry Reform Act (EPIRA) presents an opportunity to strengthen the country’s power sector while protecting consumers. In a position paper released Wednesday, the IIEE said policymakers should “adopt […]
Read more →By Justine Irish DP. Tabile, Senior Reporter THE Philippine Statistics Authority (PSA) on Thursday said it kept the country’s first-quarter gross domestic product (GDP) growth rate unchanged at 2.8%. Meanwhile, gross national income growth — which measures GDP plus net primary income from the rest of the world — was revised downward to 2.9% from […]
Read more →The Ateneo Art Gallery has opened Somatodelic, a retrospective of Filipino artist and educator Tad Ermitaño that brings together decades of work in electronic media, sound, experimental film and creative coding, while inviting audiences to rethink their relationship with technology through play and embodied experience. The exhibition features selected works spanning Mr. Ermitaño’s decades-long practice, […]
Read more →MANUFACTURING OUTPUT expanded at a faster pace in June, driven by the production of coke and refined petroleum products, food products, and transport equipment, the Philippine Statistics Authority (PSA) said. Preliminary results of the PSA’s latest Monthly Integrated Survey of Selected Industries showed factory output, as measured by the volume of production index (VoPI), rose […]
Read more →Philippine joblessness worsened in June, signaling weaker labor-market conditions that could weigh on household spending and complicate the government’s efforts to sustain economic growth. The unemployment rate rose to 4.9% from 3.7% a year earlier, with 2.59 million Filipinos out of work, the Philippine Statistics Authority reported on Thursday. The jobless rate was also up […]
Read more →Health Secretary Jose Brittanio “Brix” S. Pujalte Jr. on Thursday denied allegations that he deliberately delayed the procurement of anti-tuberculosis commodities after a graft complaint was filed before the Office of the Ombudsman, adding that he would cooperate with the investigation. In a statement released by the Department of Health (DoH), Mr. Pujalte said the […]
Read more →The combined wealth of tycoons on the 2026 Forbes Asia Philippines’ 50 Richest list fell 8% to $79 billion from $86 billion a year earlier, according to the 2026 Forbes Asia Philippines’ 50 Richest list. Only 14 listees were better-off from a year ago, Forbes Asia said in a news release on Thursday. Forbes Asia […]
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