MANILA, Philippines — Approved investments by the Board of Investments (BOI) rose by 11 percent to P729 billion this year, driven by investments in the power sector. “The 2022 BOI Approval levels clearly indicate that despite the lingering effects of the pandemic, especially in the first half of the year, coupled with global decline in […]
Read MoreMANILA, Philippines — President Ferdinand Marcos Jr. has ordered the Department of Agriculture to speed up the importation of 64,050 metric tons of refined sugar to stabilize the prices of the commodity. In a memorandum order dated Tuesday, DA senior undersecretary Domingo Panganiban said Marcos was “concerned” with the “very high” November inflation rate for […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) deficit ballooned to $7.87 billion from January to November – a sharp reversal of the meager $353 million surplus recorded in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). “Based on preliminary data, this cumulative BOP deficit was due to the […]
Read MoreMANILA, Philippines — With inflation remaining elevated until the first half of next year, the Bangko Sentral ng Pilipinas (BSP) expects the tightening cycle to extend beyond the first quarter. In an interview with reporters, BSP Governor Felipe Medalla said he is not ruling out more interest rate hikes in the first two rate-setting meetings […]
Read MoreBANGKOK, Thailand — Low-cost airline AirAsia Philippines, together with the Tourism Authority of Thailand (TAT), is now offering special flight rates for Filipino travelers to come to the “Land of Smiles”. In enticing more tourists to visit Thailand, AirAsia Philippines offers a P1,612 one-way base fare for bookings made until January 8, 2023 as well […]
Read MoreRETAIL prices of pork are expected to drop next year following the extension of reduced tariffs that were supposed to expire this month, a senior Agriculture department official said on Tuesday. Liempo (pork belly), for example, will likely sell at a lower P300 to P320 per kilo from the current P320 to P340, Agriculture Undersecretary […]
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