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USDA projects lower rice import, but the opposite of soybean meal for 2024

The US Department of Agriculture has lowered its projection for the amount of rice the Philippines will import this year but still expects the country to buy a higher volume of soybean meal.

LGUs propose debt aggregating P48.9 billion to fund constituent infrastructure needs

The various local government units (LGU) proposed borrowing P48.9 billion in the second half of 2023 for purposes of funding mostly public infrastructure projects that impact their constituents, the policy-making monetary board of the Bangko Sentral ng Pilipinas (BSP) said.

Russia is No 1, Philippines 27th in  World Cybercrime Index 

Russia tops the list while the Philippines ranks 27th in the first World Cybercrime Index (WCI) compiled by international researchers from Oxford University, to identify the key cybercrime hotspots among 92 countries. 

Philippines shows narrower deficit in trade of agricultural products in 2023 — PSA

The country's agricultural trade deficit narrowed in 2023 to USD11.49 billion as the both exports and imports of farm products decreased, data from the Philippine Statistics Authority showed.

Cebu Landmasters raises extra funds from preferred shares; looks at Luzon as growth market

Cebu Landmasters Inc., a leading property developer in the Visayas and Mindanao, raised over P4.28 billion in its follow-on offering of preferred shares, exceeding its fundraising target on strong investor demand.

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Gokongwei, Salazar named MAP Management Persons of the Year

The Management Association of the Philippines (MAP) has named JG Summit Holdings Inc. President and CEO Lance Y. Gokongwei and PHINMA Corporation President and COO Dr. Chito B. Salazar as its 2026 Management Persons of the Year, recognizing their contributions to corporate transformation, education and inclusive economic growth.

DOF targets cheaper remittances, faster development financing

The Department of Finance (DOF) is pursuing lower remittance costs and faster access to development financing, targeting transaction expenses that weigh on Filipino households and administrative delays that can slow government programs.

FAST charts Cebu expansion after return to Chiongbian family

FAST Logistics Group is looking to expand its presence in Cebu following its return to the Chiongbian family, sharpening its focus on the province as a base for strengthening supply chains and helping local businesses reach markets nationwide.

Limlingan takes SSS helm, eyes loans, investment returns

President Ferdinand Marcos Jr. has appointed finance and investment veteran Victor Alfonso Limlingan as president and chief executive officer of the Social Security System (SSS), effective October 16, 2026, placing loan expansion and pension fund investment performance at the center of his incoming agenda.
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