EL NIDO, PALAWAN — EIBNER SALIBA-UNSPLASHTHE tourism industry accounted for 8.6% of gross domestic product (GDP) in 2023, up from 6.4% a year earlier, due to the post-pandemic reopening, the Philippine Statistics Agency (PSA) reported on Tuesday.Citing preliminary data, the PSA said the industry’s direct gross

BW FILE PHOTOPHILIPPINE SHARES ended lower on Tuesday amid expectations that the Bangko Sentral ng Pilipinas (BSP) would implement fewer rate cuts this year.The benchmark Philippine Stock Exchange index (PSEi) inched down by 0.23% or 14.9 points to end at 6,368.80 on Tuesday, while the

PHILSTAR FILE PHOTOTHE National Food Authority (NFA) said on Tuesday that it could realize major savings by no longer re-bagging procured palay (unmilled rice).“More or less half a billion pesos could be saved by the NFA just tweaking that particular process,” Acting Administrator Larry R.

BW FILE PHOTOTHE PESO inched up against the dollar on Tuesday and traded mostly sideways as the market consolidated after the long weekend.The local unit closed at P58.62 per dollar on Tuesday, rising by three centavos from its P58.65 finish on Friday, Bankers Association of

SANMIGUEL.COM.PHTHE Department of Energy (DoE) said liquefied natural gas (LNG) resources will play a crucial role during the development of renewable energy (RE) resources and infrastructure.“Exploration and development of these (renewable energy) resources including the building of necessary infrastructure will certainly take time, making it

AN AERIAL VIEW of the BRP Sierra Madre at the contested Second Thomas Shoal on March 9, 2023. — REUTERSTHE US State Department on Tuesday condemned what it called “escalatory and irresponsible” actions by China and reaffirmed that its Mutual Defense Treaty with the Philippines

PHILSTAR FILE PHOTO/ PNP ACGA CONGRESSMAN on Tuesday filed a resolution seeking an investigation of the government’s issuance of special visas to foreigners and cases of delayed birth certificate registration amid Chinese-linked crimes in the country.“Congress should look into these reports that the provision of

By Chloe Mari A. Hufana THE METRO Manila Council (MMC) on Tuesday passed a resolution urging local government units (LGUs) to get rid of dangling cables on major roads in the National Capital Region (NCR) to prevent accidents. San Juan City Mayor and MMC President Francisco

PHILIPPINE President Ferdinand R. Marcos, Jr. on Tuesday ordered the Department of Human Settlements and Urban Development (DHSUD) to study the cost of issuing sovereign guarantees for state housing projects, according to the Presidential Communications Office (PCO).In a statement, the PCO said officials from the

COTABATO CITY — Police, military and local officials on Tuesday declared Lamitan City in Basilan province as free from the Abu Sayyaf terrorist group.The group once had members in some of its 45 villages that are now being touted as investment hubs in the island