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Higher shipping costs loom as Red Sea route suspended
The suspension of Red Sea routes by major shipping lines because of the continued attacks of Iran-backed Houthi rebels in Yemen is expected to result in higher shipping rates and delay the trade of goods which may affect exporters from ecozones, the Philippine Economic Zone Authority said yesterday......»»
CEE revenue 12.8% higher in 2023
CEE revenue 12.8% higher in 2023.....»»
EDITORIAL — Higher fees, higher expectations
With no order from President Marcos stopping the move, the Philippine Health Insurance Corp. increased starting this month its members’ premium contributions, from four percent to five percent......»»
US CPI for December slightly hotter than expected
The data for the US Consumer Price Index in December showed that prices increased 3.4% y/y, which was higher than the November CPI result (3.1% y/y) and (more importantly) higher than the consensus expectations in the market of a 3.2% y/y increase......»»
Extreme heat scorches parts of north India; New Delhi on high alert
NEW DELHI - Parts of northwest India sweltered under scorching temperatures Saturday, with the capital, New Delhi, under a severe weather alert as extreme temperatures struck parts of the country.India's weather department expects heat wave conditions to persist across the north for the next few days and has put several states on high alert.On Friday, parts of New Delhi reported up to 47.1 degrees Celsius.....»»
Gov t expects 100K rebels to avail of Marcos amnesty program
Over 100,000 former rebels from communist and Moro separatist groups are expected to avail of the amnesty proclamations signed by President Ferdinand Marcos Jr. last year, according to the National Amnesty Commission (NAC)......»»
British Chamber expects passage of anti-agricultural economic sabotage act
The British Chamber of Commerce Philippines looks forward to the passage of the Anti-Agricultural Economic Sabotage Act to further assist on inflation and food supply–echoing the government’s prioritization of imposing stringent measures to protect the local farmers and consumers. .....»»
DoubleDragon equity may exceed P100 billion this year
DoubleDragon Corp., the property developer chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, expects to hit a new milestone this year as it looks to surpass P100 billion in total equity for the first time......»»
POC targets 25 for Paris
POC president Mayor Bambol Tolentino said yesterday he expects a delegation of about 25 athletes to represent the country at the coming Paris Olympics with more qualifiers from boxing, golf, judo, cycling, swimming, athletics, skateboarding, gymnastics and weightlifting tipped to bolster the current pool of 12......»»
DOF expects dividends from GOCCs to hit P100 billion
The Department of Finance is targeting to collect P100 billion in dividends from government-owned or -controlled corporations by the end of the year, according to its top official......»»
New toll road concession in Indonesia awaits MPTC
Metro Pacific Tollways Corp. expects to land within this month the contract for its largest project outside the Philippines, completing its entry in an expressway used by about 900,000 vehicles every day......»»
Government readies for surge in cruise tourism
The Philippines expects to welcome at least 300,000 travelers from cruise ships this year – more than triple from 2023 – as the government prepares for their entry by building dedicated terminals in tourist sites......»»
Norway sees stronger economic ties with Philippines
Norway expects trade with the Philippines to continue to rise, supported by an existing free trade agreements (FTAs) and the growing market that will encourage more Norwegian firms to do business in the country......»»
MMFF 2024: 50th year to accept 8 films, show past entries for P50
The City of Manila will be the host for this year's milestone 50th year of the Metro Manila Film Festival as the annual event expects to accept eight entries (four based on scripts, while the other remaining four films as finished products) and screen past films in select cinemas for P50. .....»»
Korean youth driving demand for Philippines flights
South Korea’s flag carrier expects to fly about 1.7 million passengers to and from the Philippines this year, optimistic that tourism demand will be sustained by the traveling youth......»»
Solaire Quezon City casino fully ramped up in 2 years
Bloomberry Resorts Corp. of tycoon Enrique Razon expects to fully ramp up in two years its upcoming $1 billion casino resort in Quezon City, which is expected to open on May 25......»»
Marcos: No additional EDCA sites in Philippines
The government has no plan of giving US forces access to more military bases in the country under the Enhanced Defense Cooperation Agreement, President Marcos said yesterday, even as he expects expanded joint combat exercises with US and Japanese troops in the coming months......»»
Philippines to import less rice this year – USDA
The United States Department of Agriculture (USDA) has lowered its rice import forecast for the Philippines to 3.9 million metric tons (MT) as it expects the country to have a better harvest than earlier projected......»»
DA expects record-high palay harvest this year despite El Niño
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture showed......»»
DA expects record-high palay harvest this year despite El Niño
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture showed......»»