Fuel prices rise; two-week hikes hit up to P6.15/L
Fuel prices will go up across all categories for the second consecutive week, further raising costs for households, transport operators, and businesses nationwide, the Department of Energy (DOE) confirmed on Monday. Starting 6 a.m. on August 25, per-liter prices will increase by P1.08 for gasoline, P2.31 for diesel, and P0.95 for kerosene. Seaoil has already confirmed it will implement these adjustments, with a slight difference for kerosene at a P0.91 per liter hike instead of the projected P0.95.
Emperador rejoins FTSE index as Small Cap
Emperador Inc., the listed liquor company of tycoon Andrew Tan, is re-entering the FTSE Global Equity Index Series as a Small Cap constituent, giving the Philippine-listed spirits company renewed exposure to global institutional investors.
DOF says RPVARA delay will not mean tax hikes
The Department of Finance (DOF) has assured property owners and housing developers that the deferred rollout of the Real Property Valuation and Assessment Reform Act (RPVARA) will not automatically lead to higher property taxes, giving local governments more time to prepare for the overhaul.
Government puts P1B into AI flood forecasting
The government is investing P1 billion to upgrade the Nationwide Operational Assessment of Hazards, better known as Project NOAH, its artificial intelligence-powered flood forecasting and hazard monitoring initiative, aiming to give authorities more time to respond to disasters and reduce damage to lives, livelihoods, and public infrastructure.
Mindanao targeted as next engine of Philippine growth
The government is positioning Mindanao as a major growth hub for the Philippines’ next wave of investment, targeting future industries such as clean energy, advanced manufacturing, digital infrastructure, agribusiness, and logistics.
