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SMC alerts public on scams using CEO Ramon Ang’s name

Corporate Context.ph Context.ph -
San Miguel Corp. (SMC) has renewed warnings about fraudulent schemes exploiting the name and likeness of its chairman and CEO, Ramon S. Ang, for profit. Scammers are circulating deepfake videos on social media platforms like TikTok, Facebook, and Instagram, digitally altering Ang’s image and voice to deceive people into clicking malicious links and transferring money.

PBBM eyes longer rice import ban, higher tariff

Agriculture Context.ph Context.ph -
President Ferdinand Marcos Jr. is moving to tighten the country’s rice import policy by extending the current two-month import suspension and raising tariffs on foreign rice, in a bid to stabilize palay prices and protect Filipino farmers during the peak of the harvest season.

Philippines, Ukraine deepen security, trade cooperation

Context Dispatch Context.ph Context.ph -
The Philippines and Ukraine committed to bolstering their strategic partnership amid growing global security threats, during a high-level forum on Tuesday, co-hosted by the Stratbase Institute and the Embassy of Ukraine in the Philippines.

Top accounting groups renew pact for national student competition

Corporate Bulletins Context.ph Context.ph -
Three major accounting organizations have signed a new memorandum of agreement (MOA) to continue the Search for Outstanding Accountancy Students in the Philippines (SOASP), now in its 27th year.

Bond opportunities seen as BSP maintains supportive stance

Banking & Insurance Context.ph Context.ph -
Manulife Investment Management is urging investors to adopt a flexible, diversified approach to bond investing, balancing short- and long-duration bonds while closely watching inflation trends and potential policy moves from the Bangko Sentral ng Pilipinas (BSP).
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ASEAN signs digital pact targeting $2T economy by 2030

Communications & Technology 0
ASEAN trade ministers have signed a landmark Digital Economy Framework Agreement (DEFA), establishing common rules for online commerce, digital payments and cross-border data flows in a bid to double Southeast Asia’s digital economy to USD2 trillion by 2030.

Philippines, Canada conclude FTA talks, target 2027 signing

Trade & Investments 0
The Philippines and Canada have concluded negotiations for a bilateral free trade agreement (FTA), setting the stage for expanded market access, greater investment flows and new opportunities for exporters, service providers and small businesses.

ADB: ASEAN needs USD7.1T for infrastructure, bankable projects lag

Trade & Investments 0
Southeast Asia needs an estimated USD7.1 trillion in infrastructure investment through 2040, but a shortage of commercially viable projects is preventing governments from mobilizing enough private capital to meet the region’s growing needs, Asian Development Bank (ADB) President Masato Kanda said Saturday.

A week of unfortunate events: Ay, naku!

Opinion 0
If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.
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