DoLE: Filipino POGO workers to get benefits if industry shuts down
PHILSTARTHE Department of Labor and Employment (DoLE) said on Thursday that it will ensure Filipinos working in offshore gaming companies get the appropriate separation benefits in case the industry is ordered to shut down.The department will ensure that such workers
ECCP: PHL to attract ‘billions’ after easing investment caps
ACENERGY.COM.PHTHE European Chamber of Commerce of the Philippines (ECCP) is expecting the Philippines to attract “billions” worth of investments after various industries were cleared to receive up to 100% foreign ownership.ECCP President Lars Wittig said at a launch of event in
‘Hot money’ flows turn net positive in 2022
BW FILE PHOTO FOREIGN portolio investment funds entering the Philippines outweighed those exiting in 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, representing a turnaround from the net outflow posted in 2021.Foreign portfolio investments registered with the central bank
Galunggong imports below quota as end of closed season nears
BFAR.DA.GOV.PHIMPORTS of round scad, known as galunggong, topped 25,000 metric tons (MT) as the closed fishing season neared its end in northern Palawan, the main fishery for the species.Imports of 25,056.27 metric tons (MT) amount to over half of the
Meat processors confer with DA to review border inspection rules
PHILIPPINE STAR/MIGUEL DE GUZMANMEAT processing companies said they met with the Department of Agriculture (DA) to review the import inspection process and whether to adopt the international system for classifying regions where livestock diseases have broken out.In a statement, the
ADB approves PHL loan worth $500M to spur job recovery
THE Asian Development Bank (ADB) has approved a $500 million for the Philippines to aid in the government’s efforts to effect a recovery in employment.“With the economy slowly moving towards a sustainable growth path, it is important to ensure private
Davao ICT industry targets doubling of BPM workforce
BW FILE PHOTODAVAO’s information and communications technology (ICT) industry is planning to double the current business process management (BPM) workforce in the region to 150,000 by 2028.Xavier Eric B. Manalastas, president of the ICT-Davao, Inc. industry association, said this was
Marcos backing for RCEP premature, think tank says
PRESIDENT Ferdinand R. Marcos, Jr.’s declaration of support for the Regional Comprehensive Economic Partnership (RCEP) is premature pending the resolution of the agriculture industry remaining unresolved, a think tank said.Policy research group Focus on the Global South said that the
Organics industry touts waste reduction approaches to mitigating climate change
THE organics industry said it advocates minimizing waste as a response to climate change, an approach that requires food waste to be minimized and plant-based diets to be embraced.At the Organics Fair on Thursday staged by the Mother Earth Foundation
Peso rises to new 7-month high on GDP
BW FILE PHOTOTHE PESO climbed to a new seven-month high against the dollar on Thursday as the Philippine gross domestic product (GDP) growth was above target in 2022.The local currency closed at P54.40 versus the greenback on Thursday, rising by