AMRO sees steady growth for Philippines
In its latest ASEAN+3 Regional Economic Outlook, AMRO said it sees the Philippine economy growing by 5.6% this year and 5.5% in 2026, unchanged from its July estimates. If realized, the Philippines would be the second-fastest growing economy in the region until 2026.
PAL calls for aviation master plan to boost connectivity, resilience
Flag carrier Philippine Airlines (PAL) is calling for a unified aviation master plan to optimize airport use, improve connectivity, and prepare the country for Asia’s projected travel boom.
Waste-to-energy projects up for grabs in 2026
The Department of Energy (DOE) hopes to get more investor support for its waste-to-energy (WTE) push with the launch of a special bidding round in early 2026.
Agri damage from bad weather expands to P5B from P2.93B
The financial toll on the nation’s agricultural sector, stemming from the combined fury of the southwest monsoon and Tropical Cyclones Mirasol, Nando and Opong, has ballooned to P5.01 billion.
Palace calls on DOF, DBM to ‘carefully study’ proposed income tax holiday
The one-month income tax holiday proposed by a senator must be carefully studied by the finance and budget departments due to its significant impact on the government and the economy, a presidential assistant for economic affairs said on Thursday.
Marcos awards $207M energy deals to cut import dependence
President Ferdinand Marcos Jr. on Wednesday led the awarding of eight new Petroleum Service Contracts (PSCs) worth $207 million, saying the deals will secure the country’s energy future, reduce dependence on imported fuel and attract more foreign investment in indigenous energy exploration.
The Department of Agriculture (DA) wants to amend the decade-old Sugarcane Industry Development Act (Sida) to bolster farm productivity and eventually stamp out importation.
Jobless rate eases to 3.9% in August
The Philippines’ unemployment rate dropped to 3.9% in August, driven by renewed hiring in the agriculture and construction sectors, the Philippine Statistics Authority (PSA) reported on Wednesday.
Government told: Hike safeguard duty on cement imports
Manufacturers are asking the government to raise the safeguard duty on imported cement to P600 per metric ton (MT) to make the local industry competitive.
BSP cuts key rate again by 25 basis points amid weak growth
The Bangko Sentral ng Pilipinas (BSP) trimmed its benchmark interest rate by another 25 basis points at its October meeting, marking its fourth straight cut this year as inflation remains subdued and economic growth shows signs of slowing.
DA keen on using part of livestock, poultry fund for CEFAs
The Department of Agriculture (DA) wants to use part of the P20 billion earmarked for the implementation of a law that aims to modernize the livestock and poultry subsectors for the construction of Cold Examination Facilities for Agriculture (Cefas).
SRA to issue guidelines on molasses imports
The Sugar Regulatory Administration (SRA) is regulating the entry of imported molasses into the country after the temporary ban it imposed on shipments from abroad is lifted.
ERC set to issue ESS guidelines
The Energy Regulatory Commission (ERC) will soon issue its own guidelines covering Energy Storage Systems (ESS). The ERC chief stressed that these rules will enable fair market access for storage, whether as a generation asset, a transmission asset, a distribution asset, or simply an asset or device.
ASEAN Foundation eyes 17.5K PH MSMEs for AI advancement training
About 17,500 Philippines-based micro, small and medium enterprises (MSMEs) are targeted to be enrolled in the two-year AI (artificial intelligence) for MSME Advancement in ASEAN (AIM ASEAN) program starting this November.
BOC to launch new app to monitor shipments
The Bureau of Customs (BOC) is set to launch a new tracking application that will allow importers to monitor their shipments in real time. The shipments will be tracked from its port to arrival to its release, a move seen to boost transparency and eliminate misinformation within the agency.
BIR temporarily suspends bond proviso for petroleum industry
The Bureau of Internal Revenue (BIR) temporarily suspended the bond requirement for petroleum importers and producers, as the rule undergoes review for possible repeal by the Anti-Red Tape Authority (ARTA).
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