Tag: bworldonline
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LEDAC eyes approval of 28 priority bills by June 2025
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AT LEAST five new bills have been added to the Marcos administration’s list of priority legislation expected to be approved by Congress before June 2025, including proposals to allow foreign investors to lease land for up to 99 years and amend a 2019 law that liberalized the rice sector.
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PHL urged to implement ‘smart’ policies to achieve double-digit growth
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THE PHILIPPINES should implement “smart” policies that address challenges in power, infrastructure and defense sectors in order to fuel double-digit economic growth, Denmark’s ambassador to the Philippines said on Tuesday. In his keynote speech at the 45th National Conference of Employers on Tuesday, Ambassador Franz-Michael Skjold Mellbin said that he…
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NEDA Board OKs P16.1-B digital infrastructure project
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THE NATIONAL Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr. has approved a P16.1-billion digital infrastructure project that seeks to boost internet connectivity in poor areas and improve cybersecurity. The Philippine Digital Infrastructure Project (PDIP), which will be undertaken by the Department of Information and…
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DoTr defends planned hike in NAIA charges
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THE PLANNED HIKE in passenger service fees at the soon-to-be privatized Ninoy Aquino International Airport (NAIA) would help improve its operational efficiency, the Transportation department said, but analysts said the move is ill-timed and unjustified.
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SM Prime says retail bond offering generates P25B
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SY-LED property developer SM Prime Holdings, Inc. on Tuesday said it successfully raised P25 billion through its fixed-rate retail bond offering.
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S&P Global trims PHL growth outlook
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S&P GLOBAL RATINGS trimmed its gross domestic product (GDP) forecast for the Philippines for this year and 2025 amid expectations that high interest rates will continue to crimp domestic demand. In a report, the credit rater cut its growth forecast for 2024 to 5.8% from 5.9% previously. It also lowered…
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NEDA open to adjusting rice tariffs before 2028
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THE GOVERNMENT is open to adjusting tariff rates on rice imports if global prices show a steady decline, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said on Monday.
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Philippines has 25-year window to reap benefits of young population — WB
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THE PHILIPPINES has to take advantage of the changing population structure in the next 25 years, when the working-age population will outnumber dependents, according to the World Bank (WB). “The country has a 25-year window to harness the benefits of a changing population structure. So, the country will have a…
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Emperador sets P6.5-B capex to boost whiskey business
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EMPERADOR, Inc. said it allocated P6.5 billion for its capital expenditure (capex) budget this year to strengthen its whiskey business. Bulk of the capex was allotted for the expansion of the Dalmore distillery, slated for completion in the second half of the year, Emperador said in a statement to the…
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Tourist arrivals in PHL seen returning to pre-pandemic level only in 2025
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TOURIST ARRIVALS in the Philippines are expected to jump by 33% this year, but will only return to the pre-pandemic level by 2025, Fitch Solutions’ unit BMI said. In a report, BMI said it maintains a “positive outlook” for Philippine tourist arrivals through 2028, driven by tourists from key markets…