Some consumers can expect to pay more for their water supply next month after the Metropolitan Waterworks and Sewerage System (MWSS) announced a slight adjustment in the rates of Manila Water Co. Inc. and Maynilad Water Services Inc. During a virtual briefing on Thursday, MWSS chief regulator Patrick Lester Ty said his agency’s board of […]
Read MoreMANILA, Philippines — After suffering the worst contraction in decades last year, the Philippine economy is expected to grow by as much as eight percent this year, well above government targets, according to Oxford Economics. Oxford Economics’ latest growth projection for the Philippine economy was an upward revision from its previous growth target of 7.7 […]
Read MoreMANILA, Philippines — Sales of the country’s vehicle assemblers declined by 12 percent in February from a year ago due to slow demand for passenger cars (PCs) and commercial vehicles (CVs), the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said yesterday. Based on combined sales reports of CAMPI and the Truck Manufacturers Association […]
Read MoreMANILA, Philippines — Manufacturing output declined at a faster pace in January as most industry groups suffered a contraction, the Philippine Statistics Authority said. Factory output, as measured by the Volume of Production Index (VoPI), dropped by 16.7 percent, significantly faster than the 12 percent decline in December 2020 and 1.9 percent growth in January […]
Read MoreMANILA, Philippines — The Philippines is not ready for carbon tax as this will make the country uncompetitive in terms of power rates, according to Energy Secretary Alfonso Cusi. When he assumed office in 2016, Cusi said the country was struggling to meet power demand that is why the Duterte administration adapted a technology neutral […]
Read MoreMANILA, Philippines — A bad jobs report on Tuesday solidified the government’s stance against a return to broad lockdowns even as coronavirus infections are staging a deadly comeback. “We cannot afford to go back to the hard lockdown situation and lose our jobs again,” Labor Secretary Silvestre Bello III said Tuesday in a statement. […]
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