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Kadiwa stores to continue until food inflation eases

By   /  December 1, 2022  /  Economy, Editor's Pick  /  No Comments

THE government wants to keep its low-cost Kadiwa food outlets in operation until February or March, when it expects food inflation to ease, President Ferdinand R. Marcos, Jr. told reporters in chance remarks on Thursday. “Once we get to a point where it’s no longer necessary, where the prices in the markets are the same […]

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Luzon grid placed on yellow alert once more after five power plants report forced outages

By   /  December 1, 2022  /  Economy, Editor's Pick  /  No Comments

THE National Grid Corp. of the Philippines (NGCP) issued a yellow alert over the Luzon grid on Thursday after five power plants experienced forced outages while three others were operating at less than their rated capacities. The NGCP initially raised the yellow alert for the 1 p.m. to 8 p.m. period. The grid operator said […]

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Fix for education setbacks during pandemic expected to cost P25B each year 

By   /  December 1, 2022  /  Economy, Editor's Pick  /  No Comments

SETBACKS to the education system will require remedies which are expected to cost P25 billion a year, just to bring future graduates to a job-ready skill level, an Education department official said. “It would take at least P25 billion per year. We have to spend more. We’re very far away from the intended spending needed […]

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Philippines slips in budget transparency ranking

By   /  December 1, 2022  /  Economy, Editor's Pick  /  No Comments

By Luisa Maria Jacinta C. Jocson, Reporter THE Philippines placed 19th out of 120 countries in the Open Budget survey, which gauges the transparency of government spending, falling nine places from the previous survey in 2019. “The survey assesses transparency of how public resources are raised and spent; opportunities for participation in budget policy decisions; […]

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Investment pitches target Japan pharma, agriculture companies

By   /  December 1, 2022  /  Economy, Editor's Pick  /  No Comments

THE Department of Trade and Industry (DTI) said it is seeking to attract more Japanese pharmaceuticals and life sciences investments, while also inviting more Japanese participation in modernizing Philippine agriculture. In a statement on Thursday, the DTI said its Philippine Trade and Investment Center (PTIC) in Osaka and the Board of Investments held a roadshow […]

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Wet-market ban on sale of imported salmon, pompano under review

By   /  December 1, 2022  /  Economy, Editor's Pick  /  No Comments

THE Department of Agriculture (DA) is reviewing the ban on selling salmon and pompano in wet markets, a spokesman said on Thursday. “We will revisit FAO 195 (to determine whether) we have to amend or improve (the fisheries order). We do not have a confirmation yet but we are considering a moratorium (on the sale […]

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New SRP adjustments expected by early Jan.

By   /  December 1, 2022  /  Economy, Editor's Pick  /  No Comments

THE Department of Trade and Industry (DTI) said it hopes to release a new suggested retail price (SRP) bulletin for basic necessities and prime commodities (BNPCs) by early next year. Trade Secretary Alfredo E. Pascual made the announcement at a briefing on Thursday following a meeting of the National Price Coordinating Council, which is evaluating […]

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PCCI says concerns about RCEP no bar to joining trade bloc

By   /  November 30, 2022  /  Economy, Editor's Pick  /  No Comments

THE Philippine Chamber of Commerce and Industry (PCCI) said the issues raised against joining the Regional Comprehensive Economic Partnership (RCEP) should pose no obstacle to participating in the trade deal. “Regarding the concerns of other sectors, I don’t think it should stop us. If you look at the broader picture, many of our Association of […]

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PHL energy security to hinge on emerging tech

By   /  November 30, 2022  /  Economy, Editor's Pick  /  No Comments

THE PHILIPPINES will need to tap emerging technology like green hydrogen to shore up energy security during its transition to green sources of power, an Energy department official said. Michael O. Sinocruz, director for Energy Policy and Planning at the Department of Energy (DoE), said during the BusinessWorld Economic Forum Forecast 2023 that diversifying the […]

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Heightened cybersecurity seen as necessary accompaniment to broader tech adoption

By   /  November 30, 2022  /  Economy, Editor's Pick  /  No Comments

UPGRADED CYBER-DEFENSES need to accompany greater adoption of the blockchain, artificial intelligence, and financial technology, extending the blanket of security to other entities that a company deals with, an association of technology security officers said. “Before, we only protected our castle. Now, we have to go beyond that and protect even those even outside of […]

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