DOE adopts competitive bidding for renewable energy contracts
The Department of Energy (DOE) has officially adopted the Open and Competitive Selection Process (OCSP) for awarding renewable energy service contracts (RESCs), a move aimed at speeding up renewable energy development in the country.
Budget Reset: Education, Agriculture Take Lead
The Makati Business Club (MBC) on Monday welcomed the signing of the 2026 General Appropriations Act (GAA), saying the new budget marks a clear step up from recent fiscal plans, particularly in its focus on education, agriculture, and climate-resilient infrastructure.
Inflation up in December, BSP signals pause
Headline inflation accelerated to 1.8 percent in December 2025, its fastest pace since March last year, as higher food prices and quicker increases in clothing and footwear pushed overall prices up, government data showed. The latest figure marked a rebound from November’s slower pace but remained well below December 2024’s 2.9 percent, highlighting easing price pressures over the year.
Rice reserves swell, corn stocks slip
The country closed November with fuller rice granaries, even as corn inventories cooled heading into December—signaling mixed dynamics in staple food supply chains.
BOI moves to pay CARS arrears despite budget veto
The Board of Investments (BOI) has moved to calm investor nerves, assuring Toyota Motor Philippines Corp. and Mitsubishi Motors Philippines Corp. that nearly P4 billion in unpaid incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program will still be settled—despite President Ferdinand Marcos Jr.’s veto of the budget allocation.
