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BSP forecasts even lower inflation in June

Inflation, or the rate of change in prices, is forecast to hit as low as 5.3 percent in June on the back of sustained...

Aboitiz Group assessing cofiring options in power generation with Japan’s help

Aboitiz Power Corp. will pursue studies assessing decarbonization strategies including the feasibility of co-firing ammonia in coal plants and hydrogen in liquefied natural gas...

Daily minimum wage in NCR to rise mid-July by P40

The daily minimum wage for workers in the National Capital Region will increase starting July 16 to P610 for non-agricultural workers, and to P573...

Portfolio investments flowed out in the first five months

Generally less regarded portfolio investments in the first five months this year showed a net outflow of $124.49 million, a 54 percent improvement from...

FNI considers diversifying into cement manufacturing

Global Ferronickel Holdings Inc. (FNI) on Thursday bared plans to diversify into the manufacture of cement and the construction and infrastructure sectors presenting significant...

Just in

DA, SRA race to secure sugar industry input amid Middle East disruption

The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.

Gov’t orders cut in airport fees to help lower air travel costs

Transportation Secretary Giovanni Lopez has directed the Civil Aviation Authority of the Philippines (CAAP) to reduce Passenger Service Charges (PSC) and airport navigation fees in airports operated by the agency.

Coffee costs clip Universal Robina profits

Universal Robina Corp., the listed food unit of the Gokongwei Group, posted modest revenue growth last year but saw profits ease as unusually high coffee input costs squeezed margins, highlighting how volatile commodity prices continue to challenge food manufacturers.

ASEAN ministers urge restraint in Middle East, shield region’s economy

Economic ministers of the Association of Southeast Asian Nations on Friday called for urgent de-escalation of tensions in the Middle East, warning that prolonged conflict could ripple across global energy markets and threaten Southeast Asia’s fragile economic recovery.
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