Every January 9, Manila wakes up to a city transformed. Streets close, mobile signals strain, and time seems to slow as millions of barefoot devotees converge for the Traslación of the Black Nazarene—one of the world’s largest religious processions and among the most powerful public expressions of Filipino faith.
The Philippine Competition Commission (PCC) has given the green light to a strategic joint venture between listed conglomerate Ayala Corp. and EMIF II Holding III B.V., clearing the latter’s acquisition of a roughly 40 percent stake in AC Logistics Holdings Corp.
The newly installed head of the Philippine Chamber of Commerce and Industry (PCCI) is placing digitalization at the core of his agenda, arguing that stronger connectivity and smarter systems could unlock growth for millions of small businesses—and improve the country’s overall investment appeal.
Philippine auto parts manufacturers are warning that the veto of funding for the Comprehensive Automotive Resurgence Strategy (CARS) could accelerate the decline of the country’s already fragile automotive manufacturing sector.
The Sugar Regulatory Administration (SRA) has issued an order requiring buyers to first purchase locally produced molasses before they are allowed to import supplies.
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.