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Economy

SBMA approves P16.2B new investments in Q3

Subic Bay Metropolitan Authority approved new investment proposals totaling P16.2 billion in the third quarter of 2021 The commitments were made by 40...

PEZA to launch special projects, award top locators

The Philippine Economic Zone Authority is launching nine special projects and recognizing 58 top performing locators on November 25 PEZA will launch its...

BOC loses P3.4B due to meat tariff cuts

The Bureau of Customs saw foregone revenues of P3.4 billion from swine meat imports as of mid-November This is due to tariff cuts...

Tagum City Flyover, Mindanao’s longest now open

The Department of Public Works and Highways has officially opened Mindanao’s longest flyover, the 1.035-kilometer Tagum City Flyover The intersection also serves as...

Maritime trade survives COVID-19 but faces its lasting impact

Maritime trade contracted by 3.8% in 2020, reflecting an initial shock, but it rebounded later in the year and is projected to increase...

SBMA bares 2022 port projects, potential shipyard foreign investor

Subic Bay Metropolitan Authority may welcome a foreign investor to take over the shipyard facility vacated by Hanjin Heavy Industries In 2022, SBMA...

UN warns of elevated prices in 2022 amid sustained high freight rates

UNCTAD sees global consumer prices rising significantly in the year ahead amid soaring freight rates, shipping supply chain disruptions, and port constraints and...

DOTr, NLEX Corp ink deal to build PNR Clark Phase 2 columns

The Department of Transportation and NLEX Corp agreed to start construction of columns for the Philippine National Railways Clark Phase 2 project NLEX...

11.7% growth in Subic container traffic boosts SBMA port revenues

Subic Bay Metropolitan Authority recorded a 15% year-on-year increase in revenues from seaport operations in the first nine months of this year Container...

NCR remains under Alert Level 2 until end-Nov

The Inter-Agency Task Force for the Management of Emerging Infectious Diseases approved new alert levels for November The National Capital Region retained its...