US donates four patrol vessels and three aircraft to Philippines

By Kyle Aristophere T. Atienza, Reporter THE UNITED STATES will donate at least four patrol vessels and three C-130H aircraft to the Philippines, the White House said on Monday, amid China’s increasing assertiveness in the South China Sea. The two Island-class and Patrol-class vessels would boost the capability of the Philippine Armed Forces, the office […]

Philippines likely to have El Niño in three months

By Ashley Erika O. Jose, Reporter THE PHILIPPINES’ state weather bureau on Tuesday said El Niño would likely develop in the next three months and might last until the first quarter of next year. “Recent conditions and model forecasts indicate that El Niño may emerge in the coming season (June-July-August) at 80% probability and may […]

CIAC seeks developers for state-owned land around Clark Airport 

CLARK International Airport Corp. (CIAC) is eyeing more investments by leasing out public land surrounding the Clark International Airport, according to its top official.     “Some 300 hectares of prime leasable lands in close proximity to the Clark airport will easily become profitable with the resurgence of air travelers and visitors at Clark,” CIAC President Joshua […]

PBIDC pursues partnerships to broaden commercial use of bamboo

THE PHILIPPINE Bamboo Industry Development Council (PBIDC) is collaborating with research agencies and local governments to broaden the commercial use of bamboo for housing, fiber, and fuel.   In a statement on Tuesday, the council said they are partnering with the Philippine Textile Research Institute, Forest Products Research and Development Institute (FPRDI), and the local governments […]

More than 4,500 jobseekers hired on the spot at DoLE job fairs 

THE DEPARTMENT of Labor and Employment (DoLE) on Tuesday said 4,728 jobseekers were hired on the spot at its ongoing Labor Day job fairs.   As of 11 a.m. on Tuesday,  DoLE data sent to reporters on Viber showed that majority of the positions filled included service crew, cashier, and administrative and service contractor personnel, among […]

Shares to move sideways before Fed, CPI report

STOCKS may move sideways ahead of the policy meeting of the US Federal Reserve and the release of Philippine consumer price index (CPI) data for April. The bellwether Philippine Stock Exchange index (PSEi) jumped by 0.62% or 41.40 points to close at 6,625.08 on Friday, while the broader all-share index gained 0.67% or 23.67 points […]

Amended VAT zero-rating rules to boost exporters’ local purchases

THE amended guidelines for value-added tax (VAT) zero-rating by economic zone locators could boost purchasing by exporters from local suppliers, the Philippine Economic Zone Authority (PEZA) said. “With the revised guidelines, this will encourage the locators to localize their sourcing of goods and services. This will increase value adding in the country and facilitate the […]

New JV rules signal government intent to assert control over tolls

By Luisa Maria Jacinta C. Jocson, Reporter THE revised guidelines for joint venture (JV) agreements between government and private entities risk dampening investor sentiment but will ensure better regulation, analysts said.  “This is a positive development reestablishing a clear regulatory regime to govern public-private partnerships (PPPs). It sends a message that public utilities and services […]

Enriched copra meal production for animal feed targeted for Q4

THE Department of Agriculture said it has set a fourth-quarter target for commencing commercial production of protein-enriched copra meal (PECM) to reduce the need to import animal feed. “It aims to replace feed, particularly soya. We import a lot of soya. Soya is around 20-40% of the feed ratio,” National Livestock Program (NLP) Director Ruth […]

WTO touts benefits of trading system for small countries 

SMALLER countries stand to benefit from rules-based trading system as global trade fragments, the World Trade Organization (WTO) said. “I think we’re all relying on an open, non-discriminatory, and rules-based trading system. And specifically, smaller countries that cannot really assert themselves in a power-based trading system can benefit from that,” WTO Chief Economist Ralph Ossa […]

PHL banks still funding coal power projects — CEED

THE PHILIPPINES is falling short of its Paris climate commitments, with coal-fired plants still attracting financing from major banks, the sustainability think-tank Center for Energy, Ecology, and Development (CEED) said. “There is a convergence of climate, energy security and affordability, and environmental imperatives that point to the urgency of ending our use of this dirty […]

To tax or not to tax compensation?

On May 1, 1903, the first Labor Day was celebrated in the Philippines. Thousands of workers marched from the streets of Tondo, Manila to Malacañang Palace to voice their demands for better working conditions and fair treatment from the then American-ruled administration. Fast forward one hundred and twenty years later, we are still commemorating the […]

Philippines to boost vaccination amid rising coronavirus infections

By Kyle Aristophere T. Atienza, Reporter THE GOVERNMENT will boost vaccination efforts amid rising coronavirus infections in the Philippines, President Ferdinand R. Marcos, Jr. said on Sunday. “We will have to conduct again, especially for young people, a vaccination push,” he told reporters aboard a plane on his way to Washington, based on a transcript […]

Wage-setting system, rates at the center of Labor Day protests

By John Victor D. Ordoñez, Reporter  THE GOVERNMENT should review the country’s wage-setting process, provide more public sector jobs and ensure workers can form trade unions peacefully, labor groups demanded on Monday, Labor Day.  “Jobs generation should be the centerpiece of policy-making,”  Sentro ng mga Nagkakaisa at Progresibong Manggagawa Secretary-General (SENTRO) Josua T. Mata said […]

PHL lawmaker wants inclusion of cybersecurity in defense treaty with US

A PHILIPPINE lawmaker called for the inclusion of cybersecurity measures in the country’s 1951 defense treaty with the United States, citing that cyberattacks pose serious threat to critical infrastructure.   “If a cyberattack happens, our banking system… and critical government infrastructures will go down — brownouts, and blackouts [will happen] nationwide, even telecommunications [will suffer],” Senator […]