Moody’s Analytics said Filipino consumers should still reel from skyrocketing prices in the first six months this year as demand continues to outpace supply in the domestic market.
The National Economic and Development Authority (NEDA) said the Regional Comprehensive Economic Partnership (RCEP) would further enhance the country’s access to global markets.
The Philippines is looking at various tax reforms including excise tax on single-use plastic bags as part of initiatives to address plastic pollution and mitigate the impact of climate change, according to a Department of Finance (DOF) official.
The Department of Agriculture (DA) has approved a plan by the Sugar Regulatory Administration (SRA) to export 100,000 metric tons of raw sugar to the United States, aiming to reduce excess local supply and support falling prices.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is seeking the release of the remaining P7 billion from its P10-billion authorized capitalization to bankroll infrastructure and development projects designed to make the zone more attractive to investors.
The Philippine Stock Exchange Inc. (PSE) plans to persuade state-run pension funds—the Social Security System and the Government Service Insurance System—to revive a stock investment loan program to increase trading liquidity and deepen the local capital market.