Tag: bworldonline
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Visitor receipts rise by 33% in first half
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VISITOR RECEIPTS rose by 33% in the first six months of 2024, while international arrivals hit 3.17 million as of July 10, the Department of Tourism (DoT) said on Thursday. In a statement, the DoT said tourism receipts from inbound visitors hit P282.17 billion in the January-to-June period, about 32.8%…
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Factory output growth slows in May
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MANUFACTURING OUTPUT GROWTH eased in May as production of computer, chemical, and metal products contracted, the Philippine Statistics Authority (PSA) reported on Tuesday.
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NCR wage hike unlikely to hurt economy — NEDA
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THE NATIONAL Economic and Development Authority (NEDA) on Tuesday said the wage hike in Metro Manila would have little-to-no impact on growth targets, adding that it could be offset by an investment-driven expansion of the economy.
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PHL-US civil nuclear deal enters into force
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A CIVIL NUCLEAR cooperation agreement between the United States and the Philippines, which will pave the way for US companies to export nuclear technology and material to the country, entered into force on July 2. “The Agreement will enhance our cooperation on clean energy and energy security and strengthen our…
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New taxes key to generate higher revenues — report
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THE NATIONAL GOVERNMENT (NG) may need to impose new taxes or raise tax rates in order to meet its revenue goals, GlobalSource Partners said. In a report, GlobalSource country analyst Diwa C. Guinigundo said that the government is “bent on depending on intensified tax collection to fund the deficit.” “This…
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Operational synergies crucial in JFC’s acquisition spree — analysts
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FAST-FOOD giant Jollibee Foods Corp. (JFC) is actively pursuing acquisitions, a strategy that, according to some analysts, carries inherent risks, including potential challenges in maintaining operational focus.
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Striving for change and efficiency in the police
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PNP Chief shares his vision for a revitalized police force Solving crimes and building peace and trust within communities is what the police force is here for. “To protect and serve” is the most distinguished tagline of the police force worldwide, encapsulating their commitment in shaping modern societies the way…
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PHL jobless rate hits 4-month high
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THE PHILIPPINE jobless rate climbed to a four-month high in May while the quality of jobs improved to its best level since 2005, the Philippine Statistics Authority (PSA) reported on Monday.
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Delayed easing to dampen growth — BSP chief
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THE BANGKO SENTRAL ng Pilipinas (BSP) said that it should not “wait too long” to begin policy easing as this would dampen economic growth, its top official said.