ECCP at Work

PHL industry ‘at its lowest point in recent years’ — Balisacan

The Philippines’ industry sector — including manufacturing and construction — may have slumped to its lowest level in recent years, dragging third-quarter economic growth, Economy Secretary Arsenio M. Balisacan said.

Philippine manufacturing PMI bounces back to 50.1 in October

Philippine manufacturing activity rebounded in October, despite a further drop in new orders and output, according to S&P Global.

MAV import quotas now open for pork, poultry, corn, coffee

The Department of Agriculture (DA) has opened applications for the government’s import quota allocations next year, marking the start of the selection process for traders seeking to bring in pork, poultry, corn, potatoes and coffee at lower tariff rates.

Tatak Pinoy Strategy, national industrial roadmap, signed

President Ferdinand R. Marcos Jr. has approved the Tatak Pinoy Strategy (TPS), a multiyear national industrial roadmap that aims to “strengthen” key sectors, create jobs, and lift Filipino products to global standards, according to the Department of Trade and Industry (DTI).

Banana exports get shot in the arm from govt

A package of interventions to fight the spread of Panama disease and restore competitiveness in global markets, is being earmarked by the Department of Agriculture (DA) for the country’s banana sector.

DoE concludes consultations on modernizing small-scale coal miners

The Department of Energy (DoE) said it concluded consultations regarding its plan to modernize small-scale coal mining.

IRR of mining tax reform law out by December

The government expects to finalize by December the implementing rules and regulations (IRR) of the recently signed law creating a new mining tax system as it moves to operationalize the landmark reform measure.

Marcos extends rice ban till end-’25 to halt farmgate dip

President Ferdinand Marcos Jr. has approved extending the rice import ban until the end of 2025 in a bid to arrest the slide in farmgate prices of palay, according to the Department of Agriculture (DA).

Solon seeks abolishing laws-backed travel tax

A senator has filed a bill abolishing the travel tax, arguing that the levy hinders the right to travel for Filipinos. Senate Bill (SB) 1409 proposed by Senator Erwin T. Tulfo seeks to remove the travel tax, citing an agreement the Philippines signed up for in 2002.

PH still among Asia-Pacific’s fastest growing economies — DBM

The Department of Budget and Management (DBM) expressed optimism that the Philippines will sustain its standing as one of Asia-Pacific region’s fastest-growing economies, thanks to the government’s ongoing fiscal reforms, and good governance policies.

PEZA to launch Cebu AI training facility

THE Philippine Economic Zone Authority (PEZA) is set to launch its first Artificial Intelligence (AI) Tech Academy in Cebu on Nov. 17.