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DA still validating projections of pork shortage next month

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

THE Department of Agriculture (DA) said on Monday that it is validating projections of a pork shortage in April, saying it is trying to reconcile government data with input from the hog industry. DA Deputy Spokesman Rex C. Estoperez said it will have a clearer picture of the supply situation later in March. “The negative […]

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Labor coalition seeks P750 minimum wage for Calabarzon region

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

THE Worker’s Initiative for Wage Increase (Win for Win) on Monday asked the Calabarzon wage board to increase the daily minimum wage in the region to P750 to help workers deal with the rising prices of basic goods. In a five-page petition, the coalition said it proposed wage hikes of P280, P321, P360 and P400 […]

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Road connectivity named key gov’t priority

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

PRESIDENT Ferdinand R. Marcos, Jr. said on Monday that he will pursue more projects interconnecting the country’s road networks.  “We will continue to push for the interconnectivity of major roads and expressways, as well as build even more roads and bridges in strategic places within the archipelago,” he said in a speech at the inauguration […]

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NLEX connector road segment 2 set to open as early as June

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

THE second segment of Metro Pacific Tollways Corp. (MPTC) unit’s NLEX Connector Road is set to be completed by the end of June if right-of-way acquisitions go as planned, NLEX Corp.’s president said. NLEX Connector Road, an 8-kilometer expressway linking the Caloocan Interchange on Circumferential Road 3 (C-3) to Magsaysay Interchange at the Polytechnic University […]

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OECD cites need to build Southeast Asian resiliency by upskilling workforce

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

SOUTHEAST ASIA needs to upskill its workers to support productivity growth and improve resiliency against global crises, the Organisation for Economic Co-operation and Development (OECD) said. “In Southeast Asia, workers are struggling to reskill and upskill quickly enough to adapt to changes in the world of work, and employers who often encounter difficulties in finding the […]

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Consumer awareness touted as pathway to achieving SDGs

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

THE Department of Trade and Industry (DTI) said consumer awareness and education could be pathways to achieving sustainable development goals (SDGs), by encouraging more sustainable practices in production and consumption. “We will continue and tirelessly push for increased consumer awareness and education on sustainable consumption and production, until everyone in the country becomes a sustainable […]

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Bill calling for employment masterplan endorsed to Senate plenary

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

SENATE Majority Leader Emmanuel Joel J. Villanueva has sponsored out to the plenary a bill seeking to establish a long-term employment generation and recovery masterplan. Senate Bill 2035, otherwise known as the Trabaho Para sa Bayan Plan, seeks to make job creation a product of deliberate policy. “Employment should not just be incidental to economic development. Generating […]

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Taxpayers and BIR do share common ground

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

For taxpayers using the calendar year, the due date for the filing of the 2022 Income Tax Return (ITR) is April 17, 2023, since April 15 falls on a Saturday. Taxpayers are already used to this cycle of filing tax returns regularly — the ITR being the last periodic tax return to be filed for […]

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PHL tourism businesses hoping to see more Chinese visitors 

By   /  March 27, 2023  /  Economy, Editor's Pick  /  No Comments

By Brontë H. Lacsamana, Reporter PRIORITIZING the Chinese tourist market, which has long been a major source of travelers for the Philippines, could boost the country’s tourism recovery, travel companies said on Monday. These sentiments came after Tourism Secretary Christina G. Frasco called for the lifting of the visa cap on Chinese nationals after China dropped to seventh place […]

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PHL seeks $400-million digital transformation loan from WB

By   /  March 26, 2023  /  Economy, Editor's Pick  /  No Comments

THE PHILIPPINES is seeking a $400-million loan from the World Bank (WB) to support digital transformation initiatives. “The proposed operation in the amount of $400 million is the first of a programmatic series of two development policy loans (DPLs) that aims to assist the government of the Philippines to foster an enabling environment for digital […]

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