Agriculture Secretary Francisco Laurel Jr. has overhauled the process by which rice stocks are fortified to ensure uninterrupted supply, saying henceforth rice importers post a mandatory bond equal to 10 percent of any shipment.
A deceleration in the rate of increase in food prices and year-on-year decline in fuel prices slowed headline inflation further to 4.1 percent in November after slipping to 4.9 percent in October, the Philippine Statistics Authority said Tuesday.
The remittances of some two million overseas Filipinos have steadily declined since its peak more than 20 years ago, based on data obtained from the World Bank.
A legislative bill seeking to amend the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act and revise its value-added tax (VAT) provisions has been approved at the House committee level.
The Supreme Court on Wednesday dismissed the consolidated petitions filed by Vice President Sara Duterte and lawyer Israelito Torreon questioning the House of Representatives' handling of the impeachment complaints, ruling that the cases had become moot after the Articles of Impeachment were transmitted to the Senate.
PH1 World Developers has completed the first major construction milestone for its flagship project under the government's Expanded Pambansang Pabahay Para sa Pilipino (4PH) Program, signaling accelerating private sector participation in efforts to narrow the country's housing backlog.
Toyota Motor Philippines (TMP) is poised to surpass three million cumulative vehicle sales later this year, a milestone that highlights how nearly four decades of local manufacturing and sustained investments have helped cement its position as a key driver of jobs, industrial development, and the country's automotive sector.
The European Union (EU) is taking part in the Philippine Space Week for the third consecutive year, with the 2026 edition set to run from 8 to 14 August under the theme “Navigating Tomorrow”. The EU and the Philippines maintain a strong partnership through the Global Gateway initiative, with a key focus on applying knowledge and technology from Copernicus, the Earth Observation arm of the EU’s space programme. The partnership has already established the first Copernicus Data Centre in Southeast Asia in the Philippines, which is now growing into a regional hub.