Most major trade and business organizations in the Philippines have expressed strong opposition to the Senate-proposed P100 minimum wage increase, warning of grave consequences for micro, small and medium enterprises (MSMEs) and the millions of workers in the informal sector.
The Bureau of the Treasury will proceed with the regular treasury bill auction on Monday but has cancelled an earlier plan to offer 10-year treasury bond next week.
The Department of Agriculture (DA) will implement rice farming strategies that require less water, allowing farmers to continue planting rice in the face of El Niño.
The Department of Transportation on Friday awarded to the San Miguel Group the P171 billion contract to rehabilitate, operate and maintain the Ninoy Aquino International Airport (NAIA), the country’s main international gateway.
The National Food Authority (NFA) is struggling to meet the government’s 15-day rice buffer stock requirement as stagnant funding, limited storage and inadequate logistics constrain its ability to buy more palay from Filipino farmers.
The Philippines’ tourism ambitions face a major hurdle as inadequate healthcare in popular destinations and high operating costs discourage investment in medical facilities.
The Asian Development Bank (ADB) is ready to provide the Philippines with up to USD500 million in emergency financing to help address disasters, including the potential impact of a severe El Niño episode, although the government has yet to request additional assistance.
From a once-contested solution to Metro Manila’s provincial bus congestion, PITX is positioning itself for a bigger role in the country’s transport system as passenger traffic approaches its design capacity.