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Inflation 3.4% in Feb; at higher end of BSP’s forecast range

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Headline inflation in February accelerated to 3.4 percent after easing to its slowest pace more than three yeas in January, at the higher end of the forecast range of the Bangko Sentra ng Pilipinas due to increases in the prices of food, particularly rice, and the cost of transport and utilities. 

Domestic gaming market drives Bloomberry earnings in 2023

Corporate Context.ph Context.ph -
Bloomberry Resorts Corp., the listed casino and resort operator of tycoon Enrique Razon Jr. that owns Solaire, said Monday net profit surged 85 percent last year to P9.5 billion, driven mainly by the strong domestic gaming market.

DOE urging Panay consumers to conserve power as supply falls below 400 MW

Energy & Mining Context.ph Context.ph -
The Department of Energy (DOE) on Monday urged consumers in Panay Island to conserve energy while waiting for the completion of the transmission upgrade and maintenance works at Palm Concepcion Power Corporation’s coal-fired power plant.

Meralco subsidiaries supply renewable power to AGI units

Energy & Mining Context.ph Context.ph -
Meralco retail electricity unit MPower has secured a contract to supply 100 megawatts of renewable energy to Travelers International Hotels, a unit of the Alliance Global Group Inc. (AGI) companies that operates Megaworld and Newport World Resorts.

Maynilad completes P208M pipe replacement project in Manila

Corporate Context.ph Context.ph -
West Zone concessionaire Maynilad Water Services, Inc. has completed a P208 million pipe replacement project in Sampaloc, Manila that improved water pressure and reduced losses in the area.
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P15-B World Bank loan to boost water access

Banking & Insurance 0
The Philippines has secured nearly P15 billion in World Bank financing to expand clean water and sanitation services in underserved communities, as growing climate risks heighten concerns over water security.

DOTr invites European investors to join PH transport projects

Transport & Logistics 0
The Department of Transportation (DOTr) is calling on European businesses to explore investment opportunities in the country’s transport infrastructure, with the goal of better mobility and easier daily commutes for Filipinos.

CALAX nears completion, poised to reshape regional trade

Transport & Logistics 0
MPCALA Holdings Inc. is advancing the final stretch of the 45-kilometer Cavite-Laguna Expressway (CALAX), bringing closer a continuous transport corridor expected to ease road congestion and improve logistics links across two of Southern Luzon’s key industrial provinces.

EU, PH hold second security and defense dialogue in Manila

Context Dispatch 0
The European Union and the Philippines convened their second Security and Defence Dialogue in Manila on today. Both sides reaffirmed their commitment to upholding the rules-based international order and deepened discussions on regional security, with strong focus on maritime security, freedom of navigation and respect for the UN Convention on the Law of the Sea (UNCLOS). The dialogue follows the EU’s announcement of its first European Peace Facility assistance in Asia, a €15 million support package for the Philippines, underscoring the bloc’s commitment to regional stability. The meeting was co-chaired by Benedikta von Seherr-Thoss of the European External Action Service and Philippine Department of Foreign Affairs Undersecretary Leo Herrera-Lim. For Filipinos, this partnership means stronger support for maritime rights, improved regional peace and security, and tangible resources to help keep communities safe.
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