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Jan-June visitor arrivals rise 12% to 3.03 million, led by South Koreans

Visitor arrivals in the Philippines in the first six months of 2024 rose 12 percent year-on-year to 3.03 million, with double-digit increases in tourist numbers from North Asia providing the main boost to the country’s tourism industry.

BPI eyes P5 billion from planned ASEAN Sustainable Bonds issuance

The Bank of the Philippine Islands, the banking affiliate of the Ayala Group, said Thursday it plans to raise P5 billion from the issuance of peso-denominated, fixed-rate ASEAN Sustainable Bonds due 2026.

Cosco Capital to acquire renewable energy firm with Matuno

Cosco Capital Inc. said Thursday its board approved a plan to acquire all the outstanding shares of Matuno River Development Corp., a move that...

Gilas makes history in stunning upset of Latvia in Olympic Qualifiers

Gilas Pilipinas secured a historic triumph at the 2024 Olympic Qualifying Tournament, defeating host country Latvia, 89-80. 

Long haul foreign investments seen rounding 2024 as net inflows of $9.5 billion

Foreign direct investments (FDI), the kind that stays invested for the long haul and generates employment for Filipinos, is seen aggregating USD 500 million this year...

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PhilExport urges MSMEs to turn trade deals into export wins

The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.

DA asks Senate to back P198.4-B 2027 budget to protect farmers, secure food

The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.

DOE stands firm on new coal bidding rules to bolster national energy strategy 

The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.

Vingroup plans $500M EV plant in Philippines, EVIS role unclear

The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.
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