Peso down as market awaits Fed hints
BW FILE PHOTOTHE PESO declined anew against the dollar on Thursday amid bets on the US Federal Reserve’s next policy move.The local unit closed at P55.965 per dollar on Thursday, weakening by 8.5 centavos from its P55.88 finish on Wednesday,
Bicam report raising RCEF allocation to P30B ratified
PHILIPPINE STAR/KRIZ JOHN ROSALESBy John Victor D. Ordoñez, ReporterCONGRESS late Wednesday ratified the bicameral conference committee report on a bill seeking to raise the yearly allocation of the Rice Competitiveness Enhancement Fund (RCEF) to P30 billion from P10 billion until 2031.The measure coming
Tourist spending to rise nearly 30% with VAT refund law in place — DoT
Tourists are seen at the beach of Boracay island, Aklan province. — PHILIPPINE STAR/KRIZ JOHN ROSALESTOURIST spending is projected to increase 29.8% if the government passes the value-added tax (VAT) refund law for foreign tourists, according to the Department of
DoF calls for action vs ASF, cites need to contain inflation
GOVERNMENT agencies need to act in concert to contain African Swine Fever (ASF), including expediting the release of subsidies to aid in the vaccination effort, due to the urgent need to manage inflation, the Department of Finance (DoF) said. In a
NEDA sees ‘Konektadong Pinoy’ boosting agri, education, health
UNSPLASHTHE National Economic and Development Authority (NEDA) called for the immediate approval of the Konektadong Pinoy bill, which it expects to help bolster growth in education and agriculture.“The Konektadong Pinoy Bill is crucial to the Philippine Development Plan (PDP) 2023-2028,