Reinvested earnings, debt note investments push 2023 FDI 30% higher
Foreign direct investment (FDI) net inflows sustained its growth momentum in December 2023, increasing by 29.9 percent year-on-year to reach USD826 million from the USD636 million net inflows in December 2022.
Retailers implement a rollback of petroleum prices
Fuel retailers have cut the price of petroleum products this week after last week’s mixed adjustments.
Mining firm to spend P400M to test additional prospects
The multinational OceanaGold Corp. has budgeted USD7 million or P388 million prospecting for mine sites in the Philippines.
Vita Coco and Century Pacific enter into new long-term agreement
Century Pacific Food, Inc., one of the lead food companies in the Philippines, enters into a new long-term contract with The Vita Coco Company, Inc.,...
Domestic air travel finds its wings again
The Philippine air travel industry soared in 2023, with passenger numbers returning to pre-pandemic levels, according to the Civil Aeronautics Board (CAB).
