DOF.GOV.PHNATIONAL government agencies need to ensure that the preparatory stages for projects funded with official development assistance (ODA) are streamlined to avoid delays, according to a think tank attached to the House of Representatives.“To address delays inherent in procurement processes, a comprehensive approach encompassing legal resolutions, administrative streamlining, and sound financial planning and management, among others, may be necessary,” the ...

Image via IndustriALL Global Union/Flickr/CC BY-NC-ND 2.0Export markets like the European Union favor garments from countries that source their own textiles internally, to comply with Rules of Origin (ROO) regulations, exporters said.As such, the government needs to help establish a commercial-scale textile factory to help supply wearables exporters, especially those shipping to the EU, according to Robert Young, trustee for ...

PHILSTAR FILE PHOTOA new variety of rice that can withstand hotter climates, survive weeks without water, and cut growing costs may be released by 2026, the International Rice Research Institute (IRRI) said.“We started in 2022. We already have selections for stage 2, and we are yet to select the one that we will be nominating to the National Cooperative Test ...

YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) dropped on Wednesday amid rate cut signals from the Finance chief.Demand for the central bank’s term deposit facility (TDF) reached P253.468 billion on Wednesday, below the P250 billion on the auction block as well as the P275.772 billion in bids last week for a P310-billion offer.Broken ...

IMPROVING APPETITE for digital assets may result in more issuances of debt instruments using the blockchain like the tokenized bonds offered by the government last year, the top official of a cryptocurrency exchange said.PDAX Founder and Chief Executive Officer Nichel Merlimichael O. Gaba told reporters at the sidelines of an event on Tuesday that following the strong appetite seen by ...

THE TRUST arm of Rizal Commercial Banking Corp. (RCBC) recorded P161 billion in assets under management (AUMs) as of February amid strong client growth, it said on Tuesday.This was an increase from the P147.49 billion recorded as of March 2023, RCBC Trust Corp. said in a statement.The company’s market share among electronic money issuers also grew, with investments increasing to ...

BW FILE PHOTOTHE PESO appreciated against the dollar on Wednesday amid increased remittances ahead of the long weekend.The local unit closed at P56.24 per dollar on Wednesday, strengthening by eight centavos from its P56.32 finish on Tuesday, Bankers Association of the Philippines data showed.The peso opened Wednesday’s session at P56.28 against the dollar. Its weakest showing was at P56.329, while ...

Flags of Japan are seen in Rizal Park. — PHILIPPINE STAR/EDD GUMBANTHE PHILIPPINES and the Japan International Cooperation Agency (JICA) on Tuesday signed two loan agreements worth a total of ¥250 billion (around P93 billion) for the ongoing construction of the Metro Manila Subway and a road project that would include the longest tunnel in the country.Finance Secretary Ralph G. ...

A construction worker is seen working on a new project in Taguig City. — REUTERSTHE PHILIPPINES will likely see a rise in foreign direct investments (FDIs) amid key policy reforms, trade and investment opportunities with the US and Europe, and a growing consumer base, HSBC Global Research said.“A paltry past has led to a bearish view in FDI, but we ...

A waste picker carries bags of trash out of his junk shop in Quezon City, Metro Manila, Philippines, July 7, 2020. — REUTERSBy Sheldeen Joy Talavera, Reporter APOLINARIO O. GERONIMO’S otherwise soft voice blares through the megaphone as he combs the streets of Tondo, Manila on his sidecar trying to collect scrap TVs and electric fans from residents.“I disassemble broken ...