DTI flags digital gap among businesses

A TRADE department official has flagged a potentially worsening digital gap among enterprises in the Philippines, pointing to the need for policies that address the divide. Philippine firms that have adopted high-level technologies in their operations are usually large enterprises, exporters, and firms with foreign direct investment, Trade Undersecretary Rafaelita …

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DA announces temporary ban on cattle meat from Brazil

THE Department of Agriculture (DA) has announced a temporary halt on the issuance of permits for the importation of live cattle and its meat products from Brazil amid reports of a mad cow disease outbreak in the country earlier this month, according to a memorandum order. In the memo posted …

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Average retail prices for rice go down

PHILSTAR THE AVERAGE retail price of regular-milled rice fell in six regional trading centers at around mid-August, according to the Philippine Statistics Authority (PSA). In a report on Friday, the PSA said the average retail price of regular-milled rice decreased by P4.56 to P34.44 per kilogram (/kg) in Iloilo City, …

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Price growth of building materials in NCR picks up in July

THE WHOLESALE and retail price growth of construction materials in Metro Manila picked up in July as lockdowns eased, data released by the Philippine Statistics Authority (PSA) on Friday showed. The construction materials wholesale price index (CMWPI) in the National Capital Region (NCR) grew 2.3% year on year in July, …

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Pandemic disrupts PHL’s sustainable development gains: Chua

THE COUNTRY’S progress towards achieving the sustainable development goals (SDGs) laid out by the United Nations has been affected by the pandemic, Socioeconomic Planning Secretary Karl Kendrick T. Chua said. “We will be seeing some changes, but it doesn’t mean that they are insurmountable. We have seen some of these …

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Exporters call for changes to PHL shipping rules

The Philippines’ trade in merchandise goods continued to rebound in May. — Reuters Exporters and logistics groups are proposing longer-term changes to Philippine shipping rules to allow domestic ships to carry out international trade. Royal Cargo, Inc. subsidiary Iris Logistics, Inc. will soon transport containers carrying export products to the …

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Metro Manila retail price growth slowest in five months in July

The growth in retail prices of general goods slowed in July. — Photo by Michael Varcas, The Philippine Star RETAIL PRICE growth of general goods in the National Capital Region eased to its slowest pace in five months in July, the Philippine Statistics Authority (PSA) reported on Friday. The general …

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BPOs allowed to continue WFH scheme until March

COURTESY OF CONTACT CENTER ASSOCIATION OF THE PHILIPPINES Outsourcing firms operating in economic zones are allowed to implement remote work arrangements until March 2022 as the pandemic continues, the Finance department said in a statement. The Fiscal Incentives Review Board (FIRB) has issued Resolution No. 19-21 which allows Information Technology …

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SEC wants over 800 companies listed at the stock exchange by 2024

The Securities and Exchange Commission (SEC) is encouraging more companies to tap the capital markets, in hopes that there would be over 800 companies listed at the Philippine Stock Exchange (PSE) by 2024. “We challenge ourselves that by the time we celebrate our 88th year anniversary on November 11, 2024, …

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BSP lowers balance of payments projections

The Bangko Sentral ng Pilipinas (BSP) lowered the country’s balance of payments (BoP) surplus projection for this year, reflecting the lower current account surplus and the risks arising from the spread of the more infectious coronavirus variant and delays in the vaccine rollout. The Monetary Board on Thursday approved the …

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