The Department of Agriculture has clarified that pelagic fish species caught by fishing vessels carrying Philippine colors even outside territorial waters “are not considered imported.”
Philippine Airlines (PAL) on Thursday reported comprehensive income dropping 25 percent to USD81 million in the first three months this year from USD108.2 million in the same period in 2023.
Metro Pacific Tollways Corp. (MPTC) anticipates completing its acquisition of a 35 percent stake in an Indonesian state-owned toll road operator by July or August this year.
Palay production in the first quarter was down 1.97 percent to 4.69 million metric tons, the latest estimate of the Philippine Statistics Authority showed.
PLDT Inc., the largest integrated telecommunications group in the country, said Thursday it has completed its investment in Radius Telecoms Inc., an indirect subsidiary of energy distributor Manila Electric Co.
President Ferdinand Marcos Jr. on Monday ordered the removal of excise taxes on liquefied petroleum gas (LPG) and kerosene, a move aimed at easing household expenses while maintaining support for domestic producers.
Economic Planning Secretary Arsenio Balisacan said the Philippine economy is unlikely to slip into contraction this year despite mounting pressures from a fuel crisis, although growth is expected to fall short of earlier government targets.
The Department of Public Works and Highways (DPWH) is planning to extend the South Luzon Expressway Toll Road 4 (TR4) up to Matnog, Sorsogon by next year.