The Philippine Ports Authority (PPA) is optimistic about a resurgence in cruise tourism this year, buoyed by the early arrival of international cruise ships and a growing number of port calls to Philippine destinations. January 2025 saw the first notable visits, showcasing the nation's rising prominence in the global cruise industry.
Globe Telecom has reinforced its commitment to workplace safety by renewing its ISO 45001:2018 certification through 2027, a move that underscores the company’s focus on maintaining a safe and healthy work environment for its employees, partners, and stakeholders.
The Japan Coast Guard (JCG) provided crucial capacity-building support to the Philippine Coast Guard (PCG) through specialized training. This initiative, part of Japan’s Official Development Assistance (ODA), is carried out under the Japan International Cooperation Agency (JICA)’s Technical Cooperation Project. The JCG dispatched a Mobile Cooperation Team (MCT) to offer hands-on technical guidance to the PCG personnel, including crews operating the two 44-meter class patrol vessels provided by Japan. The training focused on critical skills such as towing operations and small boat handling, directly enhancing the PCG's operational capabilities.
State-owned Philippine Amusement and Gaming Corp. (PAGCOR) reported a record-breaking P112 billion in revenues for 2024, a 41 percent increase from the previous year’s P79 billion.
The Philippine peso is again nearing record lows as persistent inflation, geopolitical tensions, and strong US dollar demand continue to pressure local markets. Rizal Commercial Banking Corp. chief economist Michael Ricafort said the peso could retest historic weakness after falling 1.8% this week and approaching the April 30 intraday low of P61.75 against the dollar.
The Department of Agriculture (DA) has warned rice retailers, traders, and importers that violating the government’s newly imposed price ceiling on imported rice could lead to jail time, hefty fines, and even business closures under the Price Act.
The Department of Environment and Natural Resources (DENR), through the Environmental Management Bureau (EMB), has scheduled a public scoping activity for the proposed 97-megawatt (MW) Magat pumped-storage hydro (PSH) project worth P13.5 billion in the provinces of Isabela and Ifugao.
Motorists need to prepare for another round of fuel price increases this week, with both gasoline and diesel expected to become more expensive due to rising global oil prices and renewed tensions in the Middle East.