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Super Typhoon Julian agri damage estimated at P481.27M

Agriculture Context.ph Context.ph -
Damage to the agriculture sector attributable to super typhoon Julian is initially estimated at P481.27 million, according to the Disaster Risk Reduction and Management Operations Center of the Department of Agriculture.

Recto assures equitable treatment on all digital businesses subject the VAT on DSPs

Banking & Insurance Context.ph Context.ph -
Finance Secretary Ralph G. Recto lauded on Thursday new legislation ensuring the equitable tax treatment of businesses providing digital services in the Philippines and boosting much-needed revenue collection in the process.

Budget carrier cites knock on impact of revised airport fees on air fares

Top News Context.ph Context.ph -
Budget carrier Cebu Pacific on Thursday signaled air fares could inflate once the new concession at the Ninoy Aquino International Airport (NAIA) implements the revised airport charges.

Figaro secures PEZA greenlight to operate Binan pizza factory

Corporate Context.ph Context.ph -
Publicly-listed Figaro Coffee Group Inc. unit Figaro Innovation and Development Inc. on Thursday secured the Philippine Economic Zone Authority greenlight to begin production at its pizza facility in Binan, Laguna.

Robinsons Land’s hospitality unit investing P10 billion for hotel, resort expansion

Property Context.ph Context.ph -
Robinsons Hotels and Resorts, a division of the Gokongwei’s listed property arm Robinsons Land Corp., plans to invest P10 billion to expand its upscale and ultra-luxury portfolio in order to drive future growth.
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Francisco Motors seeks EV incentives for global drive

Transport & Logistics 0
Francisco Motors Corp. (FMC), long associated with the iconic jeepney, is positioning itself for a return to relevance through electrification, advancing a USD355-million phased development of the FMC Elektron compact SUV as part of a broader global strategy.

UP Innovation Summit opens, targets partnerships growth

Corporate Bulletins 0
The University of the Philippines will launch its inaugural Inoblasyon Innovation Summit on May 5 at the SMX Convention Center Aura, convening leaders from industry, government, and academia in a bid to accelerate collaboration across the country’s innovation ecosystem.

Philippine manufacturing contracts as costs, demand bite

Economy 0
The Philippines’ manufacturing sector slipped into contraction in April, its first downturn since November, as weakening demand and rising costs weighed on output, according to S&P Global Market Intelligence.

ACEN funds battery project with internal loan

Energy & Mining 0
ACEN Corp., the renewable energy arm of the Ayala Group, has extended a short-term loan of up to P850 million to its wholly owned subsidiary, Palauig Solar 1 Inc., to support the rollout of a battery energy storage project in Zambales.
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