PEZA seeks support measures for IT-BPO companies

Published February 10, 2022, 6:45 PM by Bernie Cahiles-Magkilat IBPAP hold an Industry Briefing last February 02, 2022 wherein PEZA provided updates on various matters and addressed concerns especially on the WFH arrangements. The Philippine Economic Zone Authority (PEZA) Board has asked the the Fiscal Incentives Review Board (FIRB) to allow its registered IT-BPO enterprises […]

Amended Public Service Act a significant reform to fuel economic rebound—Trade Secretary

MANILA—Paving the way to attract more investments in the Philippines, the ratification of the amendment to the Public Service Act (PSA) plays a vital role for the country to progress closer to economic recovery, the Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairman Ramon Lopez said. “This is a monumental […]

PH economy grows 7.7% in Q4, 5.6% in 2021

Reference Number: 2022-41 Release Date: 27 January 2022 Souce: Philippine Statistics Authority The Philippine Gross Domestic Product (GDP) posted a growth of 7.7 percent in the fourth quarter of 2021, resulting in 5.6 percent full-year growth in 2021. The main contributors to the fourth quarter 2021 growth were: Manufacturing, 7.2 percent; Wholesale and retail trade; […]

BOI promotes plant-based foods, gears up local researchers and start-ups for the Big Idea Food Competition

The Board of Investments (BOI), the Philippines’ lead industry promotion agency, recently (06 July 2021) conducted an online information session on the upcoming Big Idea Food Competition (BIFC) 2022 Asia Edition to raise awareness on the potentials of plant-based foods.   The said session is a tie-up with Big Idea Ventures (BIV), the Department of Science […]

Purchasing Managers’ Index breaches 50-point mark, DTI-BOI sees strong second quarter recovery

DTI-BOI reported that the calibrated reopening of the economy has been resulting in improvement in the unemployment rate reported by NEDA at 7.7% in May, from 8.7% in April 2021; and the manufacturing index which climbed to 50.8 in June 2021, from 49.9 in May.   Just last week it was reported that exports performed remarkably, posting […]

PAGCOR imposes 10-day quarantine on POGO workers from countries hit by Wuhan virus

Metro Manila (CNN Philippines, January 28) – The Philippine Amusement and Gaming Corporation has directed offshore gaming operators in the country to impose a 10-day quarantine on their employees arriving from countries affected by the novel coronavirus. The new coronavirus or 2019-nCoV that originated from the Chinese city of Wuhan has left at least 106 […]

GDP posts 6.4 percent growth in the fourth quarter of 2019; 5.9 percent for full-year 2019

eference Number: 2020-013 Release Date: 23 January 2020 GDPGross Domestic Product (GDP) posted a year-on-year growth of 6.4 percent in the fourth quarter of 2019, resulting in the 5.9 percent full-year growth for 2019. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods; Manufacturing; and Construction were the main drivers of growth for […]

Duterte orders faster dev’t of rural ecozones, halt in metro

President Duterte has ordered government agencies to hasten the development of special economic zones (ecozones) in rural areas and halt the approvals of ecozones in Metro Manila. Duterte made the order through his Administrative Order (AO) No. 18 signed on June 17. President Rodrigo Roa Duterte (KIWI BULACLAC / PRESIDENTIAL PHOTO / MANILA BULLETIN) Based […]

50-year-old PH stock brokerage shuts down

One of the oldest stock brokerage firms in the country ceased operations earlier this week after its owners uncovered a long-running scam by a “trusted employee” that resulted in almost the entire investors of clients’ shares held by the firm being wiped out. The company—50-year-old R&L Investments Inc. based in Mandaluyong City, and a member […]

Philippine GDP grows by 6.2 percent in Q3 2019

Reference Number: 2019-187 Release Date: November 7, 2019 GDPGross Domestic Product (GDP) grew year-on-year by 6.2 percent in the third quarter of 2019. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods; Construction; and Financial Intermediation were the main drivers of growth for the quarter. Among the major economic sectors, Services posted the […]