Local drug makers want to raise share in gov't procurement

Local pharmaceutical manufacturers want to increase their share in medicines procured by the government to 50 percent in the next six to 10 years.

DBM releases P110 M for creative sector

The Department of Budget and Management (DBM) has released P110 million to boost the local creative sector and contribute to economic growth.

Phl net external liabilities widen in Q1

The country’s net external liability position widened in the first quarter of the year due to higher investment flows and borrowings, a report from the Bangko Sentral ng Pilipinas (BSP) showed.

FIRB sets policy on non-income related tax incentives

The Cabinet-level Fiscal Incentives Review Board (FIRB) has set a new policy on the duration of non-income tax- based incentives to guide investment agencies in giving perks to various businesses.

BSP seen cutting interest rates in Oct

Despite the lower inflation outturn in June, Metropolitan Bank & Trust Co. (Metrobank) expects the Bangko Sentral ng Pilipinas (BSP) to start its gradual easing cycle in October to prevent any depreciation pressure on the peso.

Meralco to send Pinoy nuclear engineers to US, China

Manuel V. Pangilinan’s Manila Electric Co. (Meralco) is sending the pilot batch of scholars under its Filipino Scholars and Interns On Nuclear Engineering (FISSION) program to the US and China.

RLC introduces 2nd tower in Bridgetowne's Le Pont Residences

Robinsons Land Corp. (RLC), the real estate firm of the Gokongwei family, is introducing the second tower of its premium development Le Pont Residences in Bridgetowne Destination Estate.

ACEN secures $150-M loan to fuel APAC expansion

The listed energy platform of the Ayala Group has borrowed $150 million from international banks to ramp up its renewable energy (RE) portfolio in the Asia-Pacific region.

AboitizPower pushes for longer energy transition period

The Philippines should have a longer energy transition period for secure and affordable energy supply to meet the country’s needs, according to Aboitiz Power Corp.

Rice imports decline by 36% in June

Rice imports declined by nearly 36 percent in June from a year ago as traders and importers canceled or delayed their orders abroad in anticipation of the implementation of lower rice tariffs, an industry group said.

Inflation eases to 3.7% in June

Inflation eased in June to its lowest level in four months, driven by the slower uptick in energy and transport costs, according to the Philippine Statistics Authority (PSA).

Canada welcomes Gilas Legends

Canada has opened its arms to welcome a team of Gilas Legends on a four-weekend goodwill tour of different cities with basketball clinics for kids, exhibition games and interactive events lined up for Filipino migrants, OFWs, transients and fans of all ages.

GILAS TWO WINS AWAY FROM PARIS

Glittery Paris is within sight from where Gilas Pilipinas stands in the FIBA Olympic Qualifying Tournament in Riva, Latvia.

Murray given tribute in final Wimbledon

Andy Murray was given an emotional tribute after his final Wimbledon tournament started with a men's doubles defeat as longtime rival Novak Djokovic came through a testing workout on Thursday.

UK teacher jailed for sex with teens

A British teacher who had sex with two teenage students and had a baby with one of them was sentenced Thursday to six and a half years in jail.

Thousands told to flee raging California wildfire

Thousands of people have been ordered to evacuate as a wildfire rages out of control in northern California, with a swathe of the United States in the grip of a “record-breaking and dangerous” heatwave that was complicating firefighting efforts.

Mexico issues red alert as hurricane hurtles toward coast

Mexico’s top tourist destinations were on red alert as Hurricane Beryl churned toward the coast on Thursday evening after leaving behind a deadly trail of destruction across several Caribbean islands.

Biden to White House crowd: I'm not going anywhere

US President Joe Biden vowed to keep fighting Thursday despite calls for him to bow out of the 2024 election race, saying at an Independence Day celebration at the White House he’s “not going anywhere.”

Israel sends Mossad chief to negotiate with Hamas

Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he has decided to send a delegation to resume stalled negotiations on a hostage release deal with Hamas, their administrations said yesterday.

UK's Labor Party sweeps to power in landslide win

Starmer is new PM

DA to start mass trial of ASF vaccine

The Department of Agriculture will start the mass trial of the vaccine against African swine fever (ASF), as the DA expects the Food and Drug Administration (FDA) to approve its commercial distribution in the country this month.

DOH: 5 M flu vaccines for elderly due August

Five million doses of flu vaccines for the country’s senior citizens will be made available next month, the Department of Health said.

Tomato retail prices reach P200 per kilo

The retail price of tomatoes further increased by P20 to a high of P200 per kilo despite assurances from the Department of Agriculture (DA) that it will go down in two weeks.

Chinese nabbed for kidnap of compatriot

A Chinese man was nabbed after detaining a fellow Chinese who could not pay his debt incurred in a Manila casino.

Protesters should not inconvenience public during SONA - PNP chief

Philippine National Police (PNP) chief Gen. Rommel Francisco Marbil urged activists not to inconvenience the public when they hold their rallies during the third State of the Nation Address (SONA) of President Marcos, saying city roads are not for anyone’s exclusive use.

Earlier release of health emergency allowance hailed

It has been a familiar scene every time Sen. Bong Go meets with health care workers (HCWs): crowds chanting “HEA! HEA!” and practically begging the government to release their long overdue Health Emergency Allowance.

NAC chief to rebels: Apply for amnesty

Saying that the government amnesty program is a “benevolent act,” National Amnesty Commission (NAC) chairperson Leah Tanodra-Armamento urged all qualified former rebels to avail themselves of the program.

Trillanes files P6.6-B plunder complaint vs Duterte, Go

Former senator Antonio Trillanes IV filed a plunder complaint against former president Rodrigo Duterte and Sen. Bong Go before the Department of Justice (DOJ) on Friday.

Speaker orders full probe into illegal POGO activities

The House of Representatives will investigate illegal activities involving Philippine offshore gaming operators or POGOs.

SC says NFA exempt from real property tax

The Supreme Court (SC) has ruled that the National Food Authority (NFA) is a government instrumentality whose properties are exempt from real property tax.