IPEF expected to boost supply chain, green energy industries

THE Department of Trade and Industry (DTI) said the US-backed Indo-Pacific Economic Framework (IPEF) is expected to boost trade and investment, particularly in the supply chain and green energy industries. Trade Undersecretary Ceferino S. Rodolfo said during an informal ministerial…

Public transport system on brink of ‘collapse’ due to high fuel prices

PHILIPPINE STAR/ MIGUEL DE GUZMAN THE SUPPLY of public transport is deteriorating as operators see their margins eroded by high fuel prices, an advocacy group said, making it a matter of urgency for the government to prepare measures that will…

BPOs unlikely to take up gov’t dare to forego incentives

THE Information Technology and Business Process Association of the Philippines (IBPAP) said its members are not likely to sacrifice their tax incentives, which the government has warned they must surrender if they flout tax rules and allow employees to continue…

DoLE nominee Laguesma doubts feasibility of nat’l minimum wage

PHILSTAR FILE PHOTO BIENVENIDO E. LAGUESMA, who has been nominated to head the next government’s Labor department, said on Tuesday that a national minimum wage may not be possible because many small companies are still struggling to recover from the…

Domestic trade in the regions: Which have (un)favorable trade balances?

TRADE in domestic goods declined by 35.6% in the first quarter to P135.812 billion, the Philippine Statistics Authority (PSA) said on Monday, with trade hindered by mobility restrictions and the disruptions imposed by the Russia-Ukraine war. Read the full story.…

PSE index rises on last-minute bargain hunting

SHARES improved on Tuesday on last-minute bargain hunting despite concerns over the policy paths of the Bangko Sentral ng Pilipinas (BSP) and US central bank due to rising inflation here and abroad. The benchmark Philippine Stock Exchange index (PSEi) went…

Peso rebounds vs dollar on positive sentiment

THE PESO gained against the dollar after three straight days of closing lower. — BW FILE PHOTO THE PESO rebounded against the dollar on Tuesday, correcting after three straight days of decline on positive market sentiment as the benchmark stock…

Justice dep’t issues immigration lookout order vs vehicle owner in hit-and-run  

PHILSTAR THE DEPARTMENT of Justice on Tuesday issued a lookout order against the owner of the vehicle in the viral hit-and-run incident in Mandaluyong City.   Justice Secretary Menardo I. Guevarra told reporters in a Viber message that the Immigration Lookout…

Hungarian water firm eyes joint ventures in Mindanao towns 

EMERGENCY water treatment units developed by Hungarian Water Technology Corporation used by the Philippine’s National Disaster Risk Reduction and Management Council. — OFFICE OF CIVIL DEFENSE HUNGARIAN Water Technology Corporation (HWTC) Ltd., which provides water and wastewater treatment solutions, is…

JICA provides P715-M grant for Bangsamoro projects

THE JAPAN International Cooperation Agency (JICA) is providing a 1.8-billion yen (P714 million) grant for projects intended to support the peace process in the Bangsamoro region.    In a statement on Tuesday, JICA said it has signed a grant agreement this…

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