BW FILE PHOTOTHE benchmark index slipped to the 6,500 level on Thursday on profit taking and cautious trading ahead of central bank meetings next week and the rebalancing of Financial Times Stock Exchange (FTSE) on Friday.The Philippine Stock Exchange index (PSEi) inched down by 7.19

THE cost of doing business is causing the Philippines to lag in regional competitiveness, the Management Association of the Philippines (MAP) said on Thursday.  Mary Jade Roxas-Divinagracia, MAP Ease of Doing Business Committee vice chairperson, told BusinessWorld Live on One News Channel that the decline

JCOMP-FREEPIKTHE Agricultural Competitiveness Enhancement Fund (ACEF), which is funded by import tariffs on farm goods, contains a built-in incentive to import more food and generate more revenue for the government, to the detriment of the farmers it was designed to help, legislators said.The House committee

PHILIPPINE STAR/ EDD GUMBANTHE Department of Agriculture (DA) said it hopes to upgrade salt production by increasing the area devoted to salt-making, describing the current shortage as a food security issue.“Salt is a food security issue. Not being able to produce salt will hurt the

BW FILE PHOTOFRENCH shipping company CMA CGM Group and social enterprise Plastic Flamingo on Thursday said they have renewed a partnership to reuse trash and ease plastic pollution in Metro Manila. In three years, the project aims to collect and reuse 600 metric tons of plastic

PHILSTARSENATORS explored the possibility of “frontloading” a P715-billion allocation in the proposed 2023 budget which is intended to fund obligations due in 2024.Senator Ana Theresia N. Hontiveros-Baraquel made the inquiry of the Department of Budget and Management (DBM) at a Senate finance committee hearing.The budget scrutiny

LOCAL government units (LGUs) posted a surplus of P279.4 billion last year, Finance Secretary Benjamin E. Diokno told the Senate Committee on Finance on Thursday, reflecting their revenue collection efforts as well as their share of National Government revenue.Mr. Diokno, speaking to the committee, said

BW FILE PHOTOSOLAR PANELS on household and commercial establishment rooftops are a viable means of addressing the power crisis, the Philippine Solar and Storage Energy Alliance (PSSEA) said on Thursday. “Lacking supply of power means that any unplanned outages in the power system will likely result

PHILSTAR FILE PHOTOTHE Bureau of Customs (BoC) said modernized processes helped it collect additional revenue of P237.38 million in the eight months to August.The revenue-enhancing policy changes were the Customs Modernization and Tariff Act (CMTA), as well as the Empty Loadout Shipping Agreement (ELSA) implemented