Bill seeks farm consolidation, clustering to make agri sector more productive, competitive 

A HOUSE bill that supports farm consolidation and crop clustering has been filed, aiming to make the Philippine agricultural sector more efficient and globally competitive.    “Agriculture is always an issue of scale,” TINGOG Party-list Rep. Jude A. Acidre, one of the authors of House Bill 7077, said in a statement on Thursday.   The measure’s explanatory […]

Nestlé concerned about RCEP impact on bulk of coffee growers

NESTLÉ Philippines said the Regional Comprehensive Economic Partnership (RCEP) may not be beneficial to the entire coffee industry, after specialty growers said the trade agreement could be an opportunity for the part of the sector than can successfully market its beans with distinctive geographical indications (GIs). “We believe that overall, RCEP will boost free trade […]

World Bank approves $600-M loan to support PHL financial sector

THE World Bank has approved a $600-million loan to make the Philippine financial sector more resilient against shocks and boost the economic recovery.  “Policy actions that strengthen the stability of the financial sector — including banks and insurance companies — will help Filipino families, businesses, and investors withstand financial shocks and enhance their resilience by […]

21st Edition of Manufacturing IT Summit: Indonesia

JAKARTA, Jan 16, 2023 – (ACN Newswire via – After successful 20 editions of Manufacturing IT Summit, Exito is all set to host another milestone event- the 21st Edition of Manufacturing IT Summit, an in-person event which serves as an ideal platform to enhance the experience to “Re-imagine, Innovate, and Transform”. The Manufacturing IT […]

Factory output expands for 5th month in a row in November

Factory output grew for the fifth consecutive month in November as productivity in the manufacturing sector increased, data from the Philippine Statistics Authority (PSA) showed. Preliminary results from PSA’s Monthly Integrated Survey of Selected Industries (MISSI) reported that factory output, as measured by the volume of production index (VoPI), expanded 5.9% year-on-year in November. This […]

Minimum wage rates up in 5 regions 

THE MINIMUM daily wage rate in five regions — Cordillera, Cagayan Valley, Central Luzon, Eastern Visayas, and Davao — increased starting this week, the second tranche of adjustments based on wage orders approved last year.   In the Cordillera Administrative Region, the minimum wage is P400 effective Jan. 1 for all sectors and provinces, including Baguio […]

Tourism brings in P149B; Gov’t banks on PPPs to boost sector

THE TOURISM industry generated P149 billion in tourism revenues as of November this year, according to Malacañang. Citing the Department of Tourism’s (DoT) yearend accomplishment report, the Office of the Press Secretary (OPS) said 2.4 million foreigners entered the Philippines this year, exceeding the target of 1.7 million international arrivals after border restrictions were lifted […]

LGUs, big and small, pursue public-private partnerships

By Kyle Aristophere T. Atienza, Reporter LOCAL governments are blazing the trail on public-private partnerships (PPP) for climate adaptation and infrastructure projects, but not all towns and cities could be expected to follow, according to analysts, given the factors on governance, technical capacity, and market demand. Quezon City is among the local government units (LGUs) […]

Marcos asks businesses to invest in skills training, R&D to help boost job creation

PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday asked business leaders to invest in education and skills training, and research and development (R&D) to help the government in accelerating job creation.   Mr. Marcos, speaking at the Arangkada forum organized by the Joint Foreign Chambers in the Philippines, said his administration aims to boost employment in the […]

Colliers: Cebu’s retail is back

PROPERTY advisory firm Colliers Philippines sees a rebound in Cebu’s retail scene amid fears of muted spending due to challenging market conditions. According to Collier’s latest market report, many mall operators including in Cebu are now reporting that consumer traffic is starting to bounce back to 2019 levels. “We now see the resurgence of high-density […]

IBEX India 2023, India’s most comprehensive trade fair & conference for the BFSI Tech & Fintech sector

MUMBAI, INDIA, Nov 17, 2022 – (ACN Newswire via – The 10th edition of IBEX, India’s leading Tradefair & Conference for the BFSI & Fintech sector, is scheduled from 19-21 January 2023 at the Jio World Convention Centre, Mumbai, India. The BFSI & Fintech sector in India has gone through a significant expansion over […]

Property valuation reform seen unlocking housing potential, firming up LGU finances

By Luisa Maria Jacinta C. Jocson, Reporter THE reform of the property valuation system and the digitalization of records is expected to drive growth in the housing industry, while simultaneously boosting the revenue of local governments through higher property tax assessments, economists said. “This is consistent with addressing the housing backlog of about 6.5 million […]

House climate change committee to tap public, private sector experts for bills on green economy 

THE HOUSE Committee on Climate Change will tap public and private sector experts to help enhance proposed laws aimed at creating a more green Philippine economy and protect sectors most vulnerable to climate change.    Negros Oriental Rep. Jocelyn Sy Limkaichong, vice chair of the committee, said via e-mail that there are pending measures in Congress […]

Nigerian FG to Stop Importing Digital Products and Services says Digital Economy Minister

ABUJA, Nigeria, Oct 26, 2022 – (ACN Newswire via – With stakeholders in the Digital Economy, from within and outside Nigeria, gathered at Digital Nigeria 2022 to brainstorm on a sustainable digital economy for the nation, the Federal Government declared that it was no longer accepting importation of any digital technological product or service […]

The 10th edition of IBEX INDIA, an international trade fair and conference for the BFSI Tech & Fintech sector

MUMBAI, INDIA, Oct 26, 2022 – (ACN Newswire via – The BFSI and Fintech sector’s development is driven by technological progress. In light of the growing convergence between banking, financial services, and technology, 2022 has been labelled as a breakthrough year by industry insiders, as it is fuelled by using technologies such as Artificial […]

Marcos highlights tourism push in San Juanico Bridge switch-on event 

PRESIDENT Ferdinand R. Marcos, Jr. underscored his tourism push after he led the lighting of a 2.16-kilometer bridge, built in the early ‘70s, connecting the central Philippine provinces of Samar and Leyte.   The P80-million San Juanico Bridge Aesthetic Lighting and Sound Project will significantly boost the tourism industry in Eastern Visayas, Mr. Marcos said in […]