Inflation cooled to 1.5 percent in November, its slowest pace in three months, as rice and corn prices stayed down and cost pressures across several key consumer items eased, the Philippine Statistics Authority reported Friday.
Rice stocks in the country rose 3.8 percent year-on-year to 2.55 million metric tons as of November 1, driven largely by the National Food Authority’s aggressive inventory buildup, the Philippine Statistics Authority said.
Panasonic Manufacturing Philippines Corp. is pouring roughly P3 billion into a new factory at the Laguna Technopark in Santa Rosa, marking one of the company’s biggest local expansions in recent years as it strengthens its manufacturing footprint in the country.
The outstanding loans from universal and commercial banks continued to rise in October although growth eased a bit. Preliminary Bangko Sentral ng Pilipinas (BSP) data show bank lending grew 10.3 percent year-on-year, down from 10.5 percent in September. On a month-to-month basis, lending increased 0.6 percent after seasonal adjustments.
State-owned Philippine Guarantee Corp. (Philguarantee) has partnered with Discovery Capital Finance Corp. (DCFC) to widen credit access for small and medium enterprises (SMEs) across the country.
PLDT Enterprise, together with Smart Communications and VITRO Inc., has expanded its partnership with Coca-Cola Europacific Aboitiz Philippines (CCEAP) to enhance the beverage company’s nationwide operations.
San Miguel Corp. (SMC) has restarted its river cleanup operations in Bulacan to prevent flooding, focusing on major waterways that drain into Manila Bay and surround the New Manila International Airport (NMIA) site.
Chowking didn’t just celebrate its 40th birthday—it practically threw a victory parade, marching into its milestone year with 40 major awards from the country’s most respected marketing, creative, digital, and industry organizations. If anniversaries had mic drops, this would be one.