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Louella Desiderio
Louella Desiderio
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US lends $20 million for housing project
by Louella Desiderio - May 24, 2024 - 12:00am
The US government, through its development finance institution, is providing a $20 million loan to real estate investment company Lhoopa Inc. to support an affordable housing project in the Philippines.
Trade fair generates $165 million export sales
by Louella Desiderio - May 24, 2024 - 12:00am
Over $165 million worth of export sales were generated at the country’s international food trade exhibition held earlier this month, the Department of Trade and Industry said.
NEDA optimistic on upper middle-income status by 2025
by Louella Desiderio - May 24, 2024 - 12:00am
The National Economic and Development Authority remains optimistic that the country can reach upper middle-income status by late next year despite a revised growth target for 2024.
NEDA, Queen Maxima partner to promote inclusive finance
by Louella Desiderio - May 24, 2024 - 12:00am
Queen Maxima of the Netherlands and the National Economic and Development Authority are collaborating to promote financial inclusion in the Philippines.
Local ISP secures US grant for study on internet access
by Louella Desiderio - May 23, 2024 - 12:00am
Local internet service provider Responsible Internet Sustainability Effort Inc. has secured a grant from the US Trade and Development Agency for the conduct of a feasibility study to strengthen the delivery of internet...
NEDA supports stronger NFA role
by Louella Desiderio - May 23, 2024 - 12:00am
The National Economic and Development Authority is supporting a stronger role for the National Food Authority in buffer stocking by being allowed to import rice during emergency situations.
Government setting up fund to manage PPP risks
by Louella Desiderio - May 22, 2024 - 12:00am
The government is set to establish a risk management fund for public-private partnership projects.
Marcos wants Philippines to become hub for smart manufacturing
by Louella Desiderio - May 22, 2024 - 12:00am
The Philippines is counting on its strengths and engagements to transform its economy into a regional hub for smart and sustainable manufacturing and services, President Marcos said, as he urged investors to unlock...
BOI OKs Metro Pacific’s P2 billion dairy farm in Laguna
by Louella Desiderio - May 21, 2024 - 12:00am
The Board of Investments has approved the application for registration of Metro Pacific Group’s P2 billion dairy farm and processing facility in Laguna.
DTI to intensify price monitoring amid anticipated La Niña
by Louella Desiderio - May 21, 2024 - 12:00am
The Department of Trade and Industry is stepping up its price monitoring efforts in anticipation of the La Niña weather phenomenon.
Government readies 125 PPP projects worth P3 trillion
by Louella Desiderio - May 20, 2024 - 12:00am
More than 100 projects amounting to over P3 trillion are in the pipeline for implementation through the public-private partnership (PPP) mode.
Meneleo Carlos Jr., 95
by Louella Desiderio - May 20, 2024 - 12:00am
Business leader Meneleo Carlos Jr. died on May 17 at the age of 95.
IWG opens 4 new co-working facilities
by Louella Desiderio - May 19, 2024 - 12:00am
International Workplace Group (IWG), which recently opened four new co-working facilities, is looking to open additional sites this year to bring the total count to above 40.
Qatar investors eye Philippines dairy, cooling sectors
by Louella Desiderio - May 19, 2024 - 12:00am
Companies engaged in dairy production and providing district cooling systems in Qatar are interested in making investments in the Philippines, according to the Department of Trade and Industry.
CAMPI lauds tariff break to more EVs
by Louella Desiderio - May 19, 2024 - 12:00am
“CAMPI will support the regular review of EO 12 so that we can leverage this temporary measure toward achieving the EV penetration targets under the Comprehensive Roadmap for the Electric Vehicle Industry...
NEDA bats for creation of water resources agency
by Louella Desiderio - May 19, 2024 - 12:00am
The National Economic and Development Authority (NEDA) underscored the need to establish a Department of Water Resources and a Water Regulatory Commission (WRC) for the country to achieve water security.
Retail most targeted sector for digital fraud in Philippines
by Louella Desiderio - May 18, 2024 - 12:00am
The retail sector is the most targeted industry for fraudulent digital transactions in the Philippines last year, according to an analysis conducted by global information and insights company TransUnion.
More EVs to benefit from zero tariffs
by Louella Desiderio - May 17, 2024 - 12:00am
More electric vehicles including e-motorcycles and e-bikes can enjoy lower tariffs until 2028 after the National Economic and Development Authority Board approved the expansion of the tariff coverage under Executive...
Foreign investment pledges plummet in Q1
by Louella Desiderio - May 17, 2024 - 12:00am
Investment pledges from foreign firms approved by investment promotion agencies plunged by nearly 64 percent from January to March compared to last year’s level amid a stubbornly high inflation and steep borrowing...
Cerberus, HD Hyundai to kickstart Subic operations in 12-18 months
by Louella Desiderio - May 16, 2024 - 12:00am
South Korean shipbuilder HD Hyundai is expected to start manufacturing operations in Subic Bay within the next 12 to 18 months, with an initial focus on offshore wind platforms.
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