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Fuel prices set to rise sharply; over P5 per liter for diesel and kerosene, P4+ for gasoline

The Department of Energy (DOE) confirmed major across-the-board fuel price hikes taking effect this week, reversing last week’s slight rollback.

Pork prices fall on ASF fears; vaccines, support seen stabilizing industry

Pork farmgate prices have dropped sharply as domestic hog raisers rush sales ahead of the rainy season to avoid African swine fever (ASF) losses, the Department of Agriculture (DA) reported Monday. Higher output from last year’s price surge, not imports, drives the shift—production rose 5.6npercent in Q2 while farmgate prices fell nearly 19 percent year-on-year.

Palace says revenues can cover debt as ProGRESS advances

The Philippine government has enough revenues to service its debt even without the proposed ProGRESS tax package, Malacañang said Monday, as the Marcos administration pushes reforms to strengthen fiscal capacity and provide targeted tax relief.

Philippines seeks deeper China ties despite tensions, Go says

The Philippines wants to deepen trade and investment ties with China despite geopolitical tensions, Finance Secretary Frederick Go said, citing Beijing’s role as the country’s biggest import source and a key provider of technology for infrastructure projects.

Philippines targets 75% domestic borrowing to curb FX risks

The Philippines plans to source up to 75 percent of its government borrowing from the domestic market as it seeks to limit foreign-exchange risks while bringing down its budget deficit and easing taxes on workers and small businesses.

Just in

Philippine jobless rate up as more seek jobs

The Philippine labor market took a sharper turn in July as unemployment climbed to 6.0 percent, even as more Filipinos entered the workforce, pointing to a widening gap between the number of people seeking jobs and available opportunities.

ASEAN oil stockpiling plan gains support from five countries

The Philippines’ push for an ASEAN oil stockpiling mechanism is gaining momentum, with five countries signaling support for a regional system designed to cushion members from future supply disruptions, Trade Secretary Cristina Roque said.

PH data centers eye catch-up with Singapore, Malaysia

The Philippines has room to narrow its data center gap with Singapore and Malaysia, with abundant land, expanding power capacity, and rising investor interest giving the industry room to grow, the Data Center Association of the Philippines (DCAP) said.

PhilWeb commits P4.23B to JKS Tech

PhilWeb Corp. is committing a combined P4.23 billion to JKS Tech Solutions Inc., deepening its exposure to the Philippine digital infrastructure and technology sector through subscriptions to shares of the B2B platform company.
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