The Economy

Local pharma makers eye higher share in gov’t procurement

The Philippine Pharmaceutical Manufacturers Association (PPMA) wants to increase local manufacturers’ share in government procurement from the current less than 5 percent to 50...

Fuel prices up for 3rd straight week

Pump prices of petroleum products will be hiked anew on Tuesday, marking the third straight week of increases after big-time upward adjustments in the...

GCash: Customers’ accounts safe amid probe on alleged data breach

Mobile payments service GCash has assured its customers that their funds are safe as investigations on the alleged data leak continues. “Safety and trust are...

DTI vows to assist tire producer for 100% local sourcing of raw rubber

The Department of Trade and Industry (DTI) has vowed to assist Japanese tire manufacturer Yokohama Rubber Company Ltd. to fully source rubber sap from...

DA plans to import 200K MT refined sugar in September

The Department of Agriculture (DA) is planning to import at least 200,000 metric tons (MT) of refined sugar in September to ensure a stable...

NEDA chief says gov’t flexible to review, change rice tariff

National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Monday assured that the government has flexibility to review and tweak rice tariff depending...
A resident of Mati City showcases his skimboarding skills at a beachfront in Dahican. The Department of Tourism 11 (DOT 11) said as the tourism sector is on the verge of recovery, the agency is seeing the the surge of tourists coming to Davao Oriental. Edge Davao

PH tourist arrivals to surpass pre-pandemic level in 2025

Fitch Solutions’ unit BMI has forecast that tourist arrivals in the Philippines next year may exceed the 8.2 million visitors before the Covid-19 pandemic. In...
A store worker prepares commercial rice for a customer at a community market in Davao City on Monday. The country is expected to remain the world’s biggest importer of rice next year, according to the data released by the United States Department of Agriculture (USDA). LEAN DAVAL JR

DA: Modified duty rates to lower imported rice prices by P6 to...

The Department of Agriculture said on Saturday that the executive order modifying the import duty rates of various commodities would reduce imported rice prices...

BCDA secures 2 deals during Japan trip

The Bases Conversion and Development Authority (BCDA) has formalized two agreements with Japanese organizations during a high-level visit to Tokyo, ensuring the smart and...
Diesel and kerosene prices are set for another roll back on Tuesday as fears of recession continue to hound demand for petroleum. Kerosene prices will take the largest cut estimated at P2.30 to P2.60 per liter, while diesel prices will likely drop by P2.20 to P2.50. Gasoline prices may stay steady or increase by as much as P0.30 per liter. Lean Daval Jr.

Another big-time fuel price hike expected next week

Motorists should brace for another round of increase in fuel pump prices in the coming week, according to Department of Energy-Oil Industry Management Bureau...