Monday, May 17, 2021
HomeEconomy

Economy

Economy

Duterte cuts rice import duty, modifies pork tariffs

President Rodrigo Duterte has approved the temporary reduction of tariff rates for imported rice and also further modified the tariffs for imported pork...

Truck ban in Metro Manila returns starting May 17

The Metropolitan Manila Development Authority is reimposing the truck ban in Metro Manila beginning May 17 Trucks will be banned from major thoroughfares...

House bill seeks P40B relief for domestic airlines

House Bill 9324 or the proposed Air Carriers Relief Act aims to provide economic relief for the stricken air transport sector through loan...

Reefer freight prices escalate but still no match to dry freight rates

Weighted average of reefer freight rates jumped 26% in the first quarter on a seasonal uptick in cargo demand and rising bunker surcharges ...

NCR Plus under GCQ with “heightened restrictions” until end-May

NCR Plus (National Capital Region, Cavite, Laguna, Batangas and Rizal) is under general conmunity quarantine with heightened restrictions from May 15 to 31 ...

PEZA Q1 exports up 15.6%, investments leap 53.9%

Exports by Philippine Economic Zone Authority (PEZA) locators grew 15.63% in the first quarter of 2021 to US$14.93 million year-over-year The PEZA Board...

EO signed raising pork import MAV to 254,210 MT

President Rodrigo Duterte has signed Executive Order No. 133 increasing the MAV of pork meat this year to 254,210 metric tons from 54,210...

PH stays in recession as GDP contracts 4.2% in Q1

The Philippine economy remained in recession in the first quarter of 2021 as it shrank 4.2%, its fifth consecutive quarter of decline amidst...

PAL expands cargo business, sees it as revenue ‘lifeline’ during pandemic

Philippine Airlines (PAL) will keep growing its cargo business, which has become its “lifeline” during the COVID-19 pandemic For its expanded cargo operations,...

ATI seeks 15.23% hike in Batangas Port cargo-handling fees

Port operator Asian Terminals Inc. and its unit, ATI Batangas Inc., are proposing a 15.23% increase in cargo-handling tariff and other cargo-handling related...