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The Department of Labor and Employment has issued an order requiring offices to give employees standing breaks for employees to the health risks related to sedentary work.

The Philippines is expected to gain an additional spending power of around P500 billion each year due to the government’s expansionary fiscal policy and the impact of the tax reform bill, the Department of Budget and Management said yesterday.

Share prices recovered yesterday after profit taking prevailed on Wednesday, which in turn capped the market’s winning streak.


The Department of Information Communications Technology, implemented by President Duterte, has had significant challenges since its inception.

The latest good news about our economy that is true is courtesy of our overseas workers, as usual.

Latest Business News

The Social Security System plans to invest as much as P30 billion to be part of the development of Clark through a joint venture arrangement with state-run firms Clark Development Corp. and the Bases Conversion Development Authority.

SL Agritech Corp., the largest producer of hybrid rice and seeds in the country, is expecting a better financial year as it sees higher income amid increase in volume and better price.

The Department of Agriculture is eyeing a measure that will grant incentives to local processors and manufacturers who will utilize the country’s agricultural materials.

Farm gate prices of palay increased by 6.34 percent, the Philippine Statistics Authority said.

In a disclosure to the Philippine Stock Exchange yesterday, Harbor Star said its wholly owned subsidiary Harbor Star Energy Corp. approved the purchase of 60 percent of Astronergy Development Gensan Inc., Astronergy Development F1 Inc. and Astronergy F2 Inc. from the major shareholders of these companies.

Listed Pryce Corp. is confident of hitting its income target this year with a seasonally strong fourth quarter and after hitting the P900-million mark in its nine-month profit.

DENR Secretary Roy Cimatu said he will "absolutely" support any measure seeking to impose higher excise tax on mining companies.

The Bangko Sentral ng Pilipinas is set to gradually reduce banks’ required reserves in tandem with capital market reforms.

The stock market succumbed to profit taking yesterday after testing the 8,500 level.

The government is planning to issue P30 billion in bonds early next year for the rehabilitation of war-torn Marawi City, Budget Secretary Benjamin Diokno said yesterday.


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